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 is waived for college students. Otherwise, the 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 $5 Sign-Up Bonus - Learn More Read Acorns Review	SPECIAL OFFER Invite Friends, Get Free Stocks - Learn More Read Robinhood Review
	Benefits and Features
Stock Trading	Part of service fee. Free for college students for 4 years. No add-on trading fees.	$0
Annual Fee	Free for college students; $1/mo for Acorns; $2/mo for Acorns + Acorns Later; $3/mo for Acorns + Acorns Later + Acorns Spend
Minimum Deposit	$0	$0
Commission Free ETFs		all U.S. listed ETFs
Phone Support	Yes
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	Acorns Spend checking account comes with a debit card and has no minimum balance requirement, no overdraft fees, and unlimited free or fee-reimbursed ATMs nationwide. $3/mo for Acorns + Acorns Later + Acorns Spend.	No
Mobile App	Yes	Yes
Desktop App		Yes
Locations		No
Online Community		No
Seminars		No
Virtual Trading		No
Single Stock Diversification	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

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 Free for college students Cons: Fees are high for small balances No tax benefits Limited investment options	Pros: Commission-free stock trading on a mobile platform No minimum investment required Cons: No retirement accounts Limited research No bond trading No mutual fund trading
Bottom Line	Investment app that automatically invests your spare change. Good for young investors to get into the habit... Read full review	Free option to trade stocks with limited bells and whistles for investors... Read full review

	$5 Sign-Up Bonus Try Acorns Today!	Invite Friends, Get Free Stocks Free Cryptocurrency Investing Free Options Investing
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 07/20/2019.

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 Review

Acorns automatically invests your spare change, so you can invest without thinking. It's great for novice investors, but there are downsides. Read on.

Articles on Robinhood

Robinhood

Robinhood is a commission-free stock trading app. It has no minimum balance requirement, so what's the catch? Read this review for the pros and cons.

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.

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