Acorns vs Robinhood

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 Robinhood? 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 $1/month for accounts under $5,000. There is no minimum to open.

While Robinhood offers $0 stock trades by cutting out physical offices and manual account management. Only basic stock trading can be performed on the mobile app. There is no minimum deposit or maintenance fee, though there is an optional paid premier customer tier starting at $6/month.

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

	Acorns	Robinhood
	SPECIAL OFFER $10 Sign-Up Bonus - Learn More Read Acorns Review	SPECIAL OFFER Get a Free Stock - Learn More Read Robinhood Review
	Benefits and Features
Stock Trading	Part of service fee. No add-on trading fees.	$0
Annual Fee	$1/mo for Acorns; $2/mo for Acorns + Acorns Later; $3/mo for Acorns + Acorns Later + Acorns Spend	All trades are commission-free. No platform fees.
Minimum Deposit	$0	$0
Commission Free ETFs		all U.S. listed ETFs
Phone Support	Yes	No
Live Chat Support	No
Email Support	Yes
Human Advisors	No
Assets Under Management	$1 Billion
Tax Loss Harvesting	No
Goal Tracker	Yes
Automatic Deposits	Yes
Broker Assisted Trades		$10
Customer Service		Monday-Friday 9am - 6pm ET
Inactivity Fee		$0
Maintenance Fee		$0
Online Platform	Yes
iPhone App	Yes
Android App	Yes
Banking	$3/mo for Acorns + Acorns Later + Acorns Spend checking. Free debit card, no minimum balance, no overdraft fees, and unlimited free or fee-reimbursed ATMs nationwide.	Coming soon
Mobile App	Yes	Yes
Desktop App		Yes
Locations		No
Online Community		No
Seminars		No
Virtual Trading		No
Single Stock Diversification	No
Fractional Shares	Yes	Coming Soon
Taxable Accounts	Yes	Yes
401k Plans	No
IRA Accounts	Yes	No
Roth IRA Accounts	Yes
SEP IRA Accounts	Yes
Trust Accounts	No
529 Plans	No
	CreditDonkey® Reviews
Annual Fee
Minimum Deposit
Customer Service
Stock Trading
Options Trading
Mobile App
Commissions and Fees
Ease of Use
Research
Pros & Cons	Pros: No minimum investment Invest with spare change Found Money program Cons: Fees are high for small balances No tax benefits Limited investment options	Pros: Commission-free trades No minimum Extended trading hours Cons: No IRAs Limited research No mutual funds & bonds
Bottom Line	Investment app that automatically invests your spare change. Good for young investors to get into the habit... Read full review	Free way to trade stocks with limited bells and whistles... Read full review
	$10 Sign-Up Bonus $5 Sign-Up Bonus Try Acorns Today!	Get a Free Stock Commission-Free Trades Free Cryptocurrency Investing
What Others View	Stash Betterment	E*TRADE Stash Ally Invest
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 07/11/2019. Robinhood: Pricing information from published websites as of 04/18/2020.

Which is Better: Acorns or Robinhood?

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

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

Articles on Robinhood

Robinhood
Robinhood lets you trade stocks commission-free and has no account minimums. Is it safe? Are there hidden fees? Read on for the pros and cons.
• Robinhood vs E*TRADE
• Robinhood vs Vanguard
• Robinhood vs Fidelity

Comments

• Olivia Tabor
  on April 9, 2019 7:02 AM said about Acorns:

  I have both Acorns and Robinhood and even though they each serve a different purpose I don't have the freedom of stock purchase that I really like. I believe Acorns diversifies for my needs more effectively.

Comments may be filtered for language. CreditDonkey makes no guarantee of comments' factual accuracy. These responses are not provided or commissioned by bank advertisers. Responses have not been reviewed, approved or otherwise endorsed by bank advertisers. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Visitors may report inappropriate content by clicking the Contact Us link.

You Might Also Like

Stash vs Acorns vs Robinhood
Should you choose Stash, Acorns or Robinhood? They're not all the same. Learn if you can actually make money with investing apps.

Best Money Making Apps
Money-making apps seem like an easy way to earn extra cash. But do they really work? Find out which apps pay you to lose weight, scan receipts, and more.

Best Investment Apps for Beginners
Looking to start investing? You can begin with as little as $5. Check out these cheap (or free) apps for new investors.

Best Investment Apps
You can trade stocks from your phone. But not all investing apps are worth it. Learn how Acorns and Robinhood compare to others.


Stash Invest Review: Is It Legit?
Can Stash help make you money? Find out if the investing app is legit and how it compares to apps like Acorns and Robinhood.


M1 Finance Review: Pros and Cons
M1 Finance lets you invest in stocks and ETFs without fees. But is it safe? Find out the pros and cons, and if it's legit.

The Best Way to Invest $100
$100 may not seem like much, but you can make it grow into more. Here are 10 clever ways to turn $100 into a better future.

Best Short Term Investment Options
The best short term investment options provide good returns with low risk. Here are the top 10 strategies for your short term goals.


Betterment Review: Pros and Cons
Betterment offers low fees and good returns. But there are risks you should NOT ignore. Read this review to see if Betterment is better.

How to Invest in Stocks with Little Money
Think you don't have enough money to invest? You can start with as little as $5. Read our top ways to invest a little money and start earning now.

Compare Acorns to:

You might also be interested in

Related: Investing

	High Yield Investments What types of investments pay good returns? Skip high risk options. Find out the safest investments with the highest yield.

Compare Robinhood to: