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	OFFER Get a Free Stock (worth between $2.50 and $200) - 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 Lite (taxable account only) $3/mo for Acorns Personal (includes IRA and checking account) $5/mo for Acorns Family (includes investment accounts for kids)	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	$1.2 Billion
Tax Loss Harvesting	No
Goal Tracker	Yes
Automatic Deposits	Yes
Broker Assisted Trades		$10
Customer Service		Monday-Friday 9am - 6pm ET
Good For		Beginners; Active traders
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.	No service fees for Robinhood Cash Management account. Free debit card with no in-network ATM fees or foreign transaction fees
Mobile App	Yes	Yes
Desktop App		Yes
Locations		No
Online Community		No
Seminars		No
Virtual Trading		No
Single Stock Diversification	No
Fractional Shares	Yes	Yes
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 Cash-back 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 (worth between $2.50 and $200) Commission-Free Trades Free Cryptocurrency 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 09/28/2020. 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 App Review
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
Is Acorns Legit
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.
Acorns Fees
Want to invest and save using the Acorns app? Read this review before you sign up to find out if the fees are worth it.
How Acorns Makes Money
Acorns makes money through subscription fees. Read this review to find what the micro-investing app charges every month.

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 2019 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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