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Acorns vs TradeStation

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 TradeStation? 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 TradeStation enables you to backtest, simulate, and automate strategies within its platform. It offers a wide range of investment options, $0 commission pricing for stocks, options, and futures, free trading simulator, and has no minimum funding requirements.

Compare Acorns with TradeStation, side-by-side.

 AcornsTradeStation
 Visit SiteVisit Site
 

Acorns

TradeStation

SPECIAL OFFER
$20 Investment Bonus - Learn More

Read Acorns Review

SPECIAL OFFER
Invest and Earn Up to $3,500 - Learn More

 

Benefits and Features

Savings
No
 
Stock TradingPart of service fee. No add-on trading fees.
$0 commission
Options Trading
No
$0 Commission + $0.60 per contract
Annual Fee
  • Acorns Bronze ($3/mo) - includes personal taxable account, IRA, and checking account
  • Acorns Silver ($6/mo) - includes everything in Bronze, emergency fund, 25% match on rewards, and 1% IRA match on Acorns Later contributions
  • Acorns Gold ($12/mo) - includes everything in Silver, investment accounts for kids, 50% match on rewards, custom portfolio, Trust & Will, $10K Life Insurance, free Acorns Early account, and 3% IRA match on Acorns Later contributions
None
Cryptocurrency Trading
No
 
Minimum Deposit
$0
$0
Checking
Yes
 
Mutual Fund Trading
No
$14.95 per transaction
Commission Free ETFsA selection automatically chosen by Acorns
more than 2,000 ETFs
Phone Support
Yes
800.822.0512 U.S. (toll-free) | 954.652.7900 U.S. (direct)
Monday - Friday, 8AM - 5PM ET
Live Chat Support
No
Yes (Monday - Friday, 8AM - 5PM ET)
Email Support
Yes
Yes (Sales@TradeStation.com)
Human Advisors
No
Yes
Robo Advisor
Yes
No
Assets Under Management
$4.7 Billion
 
Penny Stocks 
Yes
Tax Loss Harvesting
No
No
Goal Tracker
Yes
No
Automatic Deposits
Yes
No
Broker Assisted TradesAcorns automatically invest and trade for you
$25
Good ForBeginners; Passive investors; Those who have trouble saving/investing on their own
Day Traders
Inactivity FeeNone, but you will keep paying the monthly fee
$10/month
Maintenance Fee
Monthly fee for the service
$0
Online Platform
Yes
Yes
iPhone App
Yes (4.7 stars, 760k ratings)
Yes (4.5 stars, 17.3K ratings)
Android App
Yes (4.3 stars, 156k ratings)
Yes (4.4 stars, 5.98K ratings)
BankingIncluded in Acorns Bronze ($3/mo). Free metal debit card, no minimum balance, no overdraft fees, and 55,000+ fee-free ATMs nationwide.
No
Mobile App
iOS & Android
Yes
Desktop App 
Yes
Two-Factor Authentication
Yes
Auth0 Guardian app, SMS, or Google Authenticator app
Forex Trading Yes (not available in TradeStation US)
Futures Trading $1.50 per Standard contract per side and $0.50 per Micro contract per side
Bond Trading 
Yes
CFD Trading Yes (CFD trading is not permitted in the US.)
Currency Trading Yes (not available in TradeStation US)
Customer Service Phone: 800-822-0512 | 954-652-7900
Monday - Friday: 8AM - 5PM ET
Live Chat
Email: Sales@TradeStation.com
Locations
No
Online only
Online Community
No
Yes
Seminars
No
Yes
Trading Platform Desktop, Web Trading, Mobile Apps, FuturesPlus
Virtual Trading
No
Yes
Fractional Shares
Yes
No
Taxable Accounts
Yes
Yes
401k Plans
No
No
IRA Accounts
Yes
Yes
Roth IRA Accounts
Yes
Yes
SEP IRA Accounts
Yes
Yes
Trust Accounts
No
Yes
529 Plans
No
No
 

CreditDonkey® Reviews

 AcornsTradeStation
Annual FeeStarStarStarEmpty StarEmpty Star
Minimum DepositStarStarStarStarStar
Mobile AppStarStarStarStarHalf Star
Customer ServiceStarStarStarEmpty StarEmpty Star
Ease of UseStarStarStarStarStar
Pros & ConsPros:
  • No minimum to open account
  • Invest with spare change
  • Cash-back program
Cons:
  • Fees are high for small balances
  • No tax benefits
  • Limited investment options
Bottom LineInvestment app that automatically invests your spare change. Good for young investors to get into the habit... 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 11/29/2024.

Acorns

$20 Investment Bonus

  • Open an Acorns account (new users only)
  • Set up the Recurring Investments feature
  • Have your first investment be made successfully via the Recurring Investments feature
TradeStation

Invest and Earn Up to $3,500

Enroll your new or existing TradeStation account in this offer by using promo code TSTVAGFD on your new account application, requesting to enroll via telephone or with a TradeStation Representative, or completing the enrollment form. Within 45 days of account enrollment, fund your account with at least $5,000. Maintain at least $5,000 in your account for 270 calendar days. New assets will be aggregated during the 45-calendar day period following the enrollment date to determine the amount of your cash offer.

New AssetsCash Bonus
$5,000 - $24,999$150
$25,000 – $99,999$300
$100,000 – $249,999$500
$250,000 – $499,999$1,000
$500,000 – $999,999$2,000
$1,000,000 or more$3,500

TradeStation

Trade Futures in IRA for $0.65

Trade futures in your IRA account for a discounted rate of $0.65 per contract per side. Use promo code 0035AEZP to get special offer. Terms and conditions apply.

TradeStation

Trade Options for $0.25 Per Options Contract

Active options traders can enjoy limited-time pricing of just $0.25 per options contract on new accounts when you sign up by December 31, 2024. Additional terms apply, and pricing is subject to change. Options trading is not suitable for all investors.

Expires 12/31/2024

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


Articles on Acorns

Acorns

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

Apps Like Acorns

Acorns is one of the best micro-investing apps out there. But is it for everyone? Read on to see some of your alternatives.

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.

Comments

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