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Acorns vs Nexo

Acorns is an investment app that automatically invests your spare change. Good for young investors to get into the habit. How does it compare to Nexo? Read our comparison chart below.

Acorns is geared towards young investors who have trouble saving. This investment app automatically rounds up and invests your spare change whenever you make a purchase. The service fee starts at $3/month for accounts. There is no minimum to open.

While Nexo is a crypto banking platform offering high interest rates on a variety of cryptocurrencies and stablecoins along with crypto-backed loans. Users can earn interest on EUR, GBP, and USD. They also have a limited exchange.

Compare Acorns with Nexo, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 AcornsNexo
 Visit SiteVisit Site
 

Acorns

Nexo

SPECIAL OFFER
$10 Sign-Up Bonus - Learn More

Read Acorns Review

SPECIAL OFFER
Welcome Bonus: Deposit $1000 and Get $100 in BTC - Learn More

Read Nexo Review

 

Benefits and Features

Savings
No
 
Stock TradingPart of service fee. No add-on trading fees. 
Options Trading
No
 
Annual Fee
  • $3/mo for Acorns Personal (includes personal taxable account, IRA, and checking account)
  • $5/mo for Acorns Family (includes everything in Personal plus investment accounts for kids)
 
Cryptocurrency Trading
No
 
Minimum Deposit
$0
 
Checking
Yes
 
Mutual Fund Trading
No
 
Commission Free ETFsA selection automatically chosen by Acorns 
Phone Support
Yes
 
Live Chat Support
No
 
Email Support
Yes
 
Human Advisors
No
 
Robo Advisor
Yes
 
Assets Under Management
$4.7 Billion
 
Tax Loss Harvesting
No
 
Goal Tracker
Yes
 
Automatic Deposits
Yes
 
Bitcoin (BTC) Interest Rates 
4.0 - 8.0%
Broker Assisted TradesAcorns automatically invest and trade for you 
Good ForBeginners; Passive investors; Those who have trouble saving/investing on their own 
Inactivity FeeNone, but you will keep paying the monthly fee 
Maintenance Fee
Monthly fee for the service
 
Online Platform
Yes
 
Ethereum (ETH) Interest Rates 
4.0 - 8.0%
iPhone App
Yes (4.7 stars, 760k ratings)
 
Android App
Yes (4.3 stars, 156k ratings)
 
Litecoin (LTC) Interest Rates 
4.0 - 8.0%
Tether (USDT) Interest Rates 
8.0 - 12.0%
USD Coin (USDC) Interest Rates 
8.0 - 12.0%
BankingIncluded in Acorns Personal ($3/mo). Free metal debit card, no minimum balance, no overdraft fees, and 55,000+ fee-free ATMs nationwide. 
Mobile App
Yes
Yes
Two-Factor Authentication
Yes
Yes
Locations
No
 
Online Community
No
 
Seminars
No
 
Virtual Trading
No
 
Fractional Shares
Yes
 
Taxable Accounts
Yes
 
401k Plans
No
 
IRA Accounts
Yes
 
Roth IRA Accounts
Yes
 
SEP IRA Accounts
Yes
 
Trust Accounts
No
 
529 Plans
No
 
 

CreditDonkey® Reviews

 AcornsNexo
Annual FeeStarStarStarEmpty StarEmpty Star
Minimum DepositStarStarStarStarStar
Customer ServiceStarStarStarEmpty StarEmpty Star
Mobile AppStarStarStarStarHalf Star
Ease of UseStarStarStarStarStar
Interest AccountsStarStarStarStarStar
Commissions and FeesStarStarStarStarStar
SafetyStarStarStarStarEmpty Star
Pros & ConsPros:
  • No minimum investment
  • Invest with spare change
  • Cash-back program
Cons:
  • Fees are high for small balances
  • No tax benefits
  • Limited investment options
Pros:
  • Good APY
  • Comprehensive mobile app
  • Advanced security features
Cons:
  • Limited educational tools
Bottom LineInvestment app that automatically invests your spare change. Good for young investors to get into the habit... Read full reviewSafe way to earn interest on crypto assets... Read full review
 Visit SiteVisit Site

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Acorns: Pricing information from published website as of 09/28/2020.

Nexo: Pricing information from published website as of 01/26/2022. Nexo Earn Interest is not available in the United States.

Nexo

Welcome Bonus: Deposit $1000 and Get $100 in BTC

Sign up for a new Nexo account, and make a top-up of at least $1,000.

Nexo

Welcome Bonus: Deposit $100 and Get $10 in BTC

Sign up for a new Nexo account, and make a top-up of at least $100.

Which is Better: Acorns or Nexo?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Acorns or Ally Invest.


Articles on Acorns

Acorn App

Acorns automatically invests your spare change. But can it help make you money? Find out if this app is safe and legit.

Is Acorns Safe

Acorns lets you invest spare change from every purchase. But is it safe to use? Learn just how secure the micro-investing app is.

How to Make Money Using Acorns

Acorns "rounds up" everyday purchases and invests it for you. What's the catch? Read this review to find out how to make money using the app.

Articles on Nexo

Nexo Review

Nexo offers a way to earn interest on your crypto holdings, borrow cash or stablecoins, and spend your crypto in the real world. But is it safe?

Comments

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