Acorns vs ZacksTrade
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 ZacksTrade? 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 ZacksTrade offers stock trades starting at $3 per trade, and options trading at $3 + $0.75 per contract. This discount broker is known for its robust research tools. There is an account minimum of $2,500, no maintenance fee, and no inactivity fee.
Compare Acorns with ZacksTrade, side-by-side.
Visit Site | Learn More | |
Acorns | ZacksTrade | |
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$20 Investment Bonus - | ||
Benefits and Features | ||
Savings | ||
Stock Trading | Part of service fee. No add-on trading fees. | Greater than $1 per share: $0.01 per share, $1 minimum; Less than $1 per share: 1% of Trade Value, $1 minimum |
Options Trading | $1 for First Contract + $0.75 per additional | |
Annual Fee |
| |
Cryptocurrency Trading | ||
Minimum Deposit | ||
Checking | ||
Mutual Fund Trading | $27.50 (Greater than $1 per share) | |
Commission Free ETFs | A selection automatically chosen by Acorns | |
Phone Support | ||
Live Chat Support | ||
Email Support | ||
Human Advisors | ||
Robo Advisor | ||
Assets Under Management | ||
Penny Stocks | Less than $1 per share: 1% of the principle, $1 minimum. | |
Tax Loss Harvesting | ||
Goal Tracker | ||
Automatic Deposits | ||
Broker Assisted Trades | Acorns automatically invest and trade for you | |
Good For | Beginners; Passive investors; Those who have trouble saving/investing on their own | |
Inactivity Fee | None, but you will keep paying the monthly fee | |
Maintenance Fee | ||
Online Platform | ||
iPhone App | ||
Android App | ||
Banking | Included in Acorns Bronze ($3/mo). Free metal debit card, no minimum balance, no overdraft fees, and 55,000+ fee-free ATMs nationwide. | |
Mobile App | ||
Desktop App | ||
Two-Factor Authentication | ||
Forex Trading | ||
Futures Trading | ||
Customer Service | 9am - 6pm ET - Call (312) 265-9406 (local) or (888) 979-2257 (toll free) | |
Locations | ||
Online Community | ||
Seminars | ||
Virtual Trading | Can request demo account pre-loaded with $1 Million in paper trading funds. Access for 90 days. | |
Fractional Shares | ||
Taxable Accounts | ||
401k Plans | ||
IRA Accounts | ||
Roth IRA Accounts | ||
SEP IRA Accounts | ||
Trust Accounts | ||
529 Plans | ||
CreditDonkey® Reviews | ||
Annual Fee | ||
Minimum Deposit | ||
Mobile App | ||
Customer Service | ||
Ease of Use | ||
Pros & Cons | Pros:
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Bottom Line | Investment app that automatically invests your spare change. Good for young investors to get into the habit... | |
Visit Site | Learn More | |
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. ZacksTrade: Pricing information from published website as of 07/10/2020 |
$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
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
Acorn App Review
Apps Like Acorns
Is Acorns Safe
How to Make Money Using Acorns
Comments
- Olivia Tabor from Texas
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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