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 $3/month for accounts. 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 $5/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 $225) - Learn More Read Robinhood Review
	Benefits and Features
Savings	No
Stock Trading	Part of service fee. No add-on trading fees.	$0
Options Trading	No	$0
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)	None
Cryptocurrency Trading	No
Minimum Deposit	$0	$0
Checking	Yes
Mutual Fund Trading	No	No
Commission Free ETFs	A selection automatically chosen by Acorns	All U.S. listed ETFs
Phone Support	Yes	24/7
Live Chat Support	No	No
Email Support	Yes	Yes
Human Advisors	No	No
Robo Advisor	Yes	No
Assets Under Management	$4.7 Billion	$80 Billion
Tax Loss Harvesting	No	No
Goal Tracker	Yes	No
Automatic Deposits	Yes	Yes
Broker Assisted Trades	Acorns automatically invest and trade for you	Not available
Good For	Beginners; Passive investors; Those who have trouble saving/investing on their own	Beginners; Active traders
Inactivity Fee	None, but you will keep paying the monthly fee	$0
Maintenance Fee	Monthly fee for the service	$0
Online Platform	Yes	Yes
iPhone App	Yes (4.7 stars, 760k ratings)	Yes (4.2 stars, 4m ratings)
Android App	Yes (4.3 stars, 156k ratings)	Yes (3.8 stars, 453k ratings)
Banking	Included in Acorns Personal ($3/mo). Free metal debit card, no minimum balance, no overdraft fees, and 55,000+ fee-free ATMs nationwide.	Robinhood Cash Card (coming soon). No monthly fee, minimum balance, or overdraft fees; Ability to earn stock and crypto rewards.
Mobile App	Yes	Yes
Two-Factor Authentication	Yes	Yes
Locations	No	No
Online Community	No	No
Seminars	No	No
Virtual Trading	No	No
Fractional Shares	Yes	Yes
Taxable Accounts	Yes	Yes
401k Plans	No	No
IRA Accounts	Yes	No
Roth IRA Accounts	Yes	No
SEP IRA Accounts	Yes	No
Trust Accounts	No	No
529 Plans	No	No
	CreditDonkey® Reviews

Annual Fee
Minimum Deposit
Customer Service
Mobile App
Ease of Use
Stock Trading
Options Trading
Commissions and Fees
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 $225) Commission-Free Trades Commission-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 09/28/2020. Robinhood: Pricing information from published websites as of 04/18/2020.

$10 Sign-Up Bonus

Get $10 Sign-Up Bonus

$5 minimum investment

Trade stocks, funds, options, and cryptocurrencies

Commission-Free Options Investing

Get Deal

Robinhood offers commission-free and no monthly fee options trading.

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.

In short: Robinhood's customer service is noteworthy.

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.

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.

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.

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Robinhood and Coinbase Pro are two of the biggest names in retail investing and crypto trading. But which is best for buying Bitcoin?

Robinhood Alternatives

When it comes to buying stocks online, many think of Robinhood first. But how do other apps compare? Is there a better commission fee-free app?

Robinhood App

Thinking about trading on Robinhood? Good job on getting started investing! But first, there are 7 things you need to know before investing on Robinhood.

Comments

Olivia Tabor from Texas
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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