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TD Ameritrade vs Acorns

TD Ameritrade is a good online broker for long-term investors. How does it compare to Acorns? Read our comparison chart below.

TD Ameritrade offers $0 commission online stock, ETF, and option trades. This online broker also has more than 100 branch locations. There is no minimum deposit, no maintenance fee, and no inactivity fee.

While 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.

Compare TD Ameritrade with Acorns, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 TD AmeritradeAcorns
 Visit SiteVisit Site
 

TD Ameritrade

Acorns

OFFER
Commission-Free Trading - Online Stock, ETF and Option Trades - Learn More

Read TD Ameritrade Review

SPECIAL OFFER
$10 Sign-Up Bonus - Learn More

Read Acorns Review

 

Benefits and Features

Stock Trading$0 commission for online stock, ETF, and option tradesPart of service fee. No add-on trading fees.
Options Trading
$0.65 per contract
No
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)
Cryptocurrency Trading 
No
Minimum Deposit
$0
$0
Mutual Fund TradingUp to $49.95 or $74.95 for buys. $0 for sells
No
Commission Free ETFs
550+ Commission-Free ETFs
A selection automatically chosen by Acorns
Phone Support 
Yes
Live Chat Support 
No
Email Support 
Yes
Human Advisors 
No
Robo Advisor 
Yes
Assets Under Management 
$4.7 Billion
Penny Stocks
Check
 
Tax Loss Harvesting 
No
Goal Tracker 
Yes
Automatic Deposits 
Yes
Broker Assisted Trades
$25
Acorns automatically invest and trade for you
Customer Service
(800) 669-3900 (Open 24/7)
 
Good For Beginners; Passive investors; Those who have trouble saving/investing on their own
Inactivity Fee
$0
None, but you will keep paying the monthly fee
Maintenance Fee
$0
Monthly fee for the service
Online Platform 
Yes
iPhone App 
Yes (4.7 stars, 760k ratings)
Android App 
Yes (4.3 stars, 156k ratings)
BankingCash Management account offers free ATM withdrawals, no monthly maintenance fees, free online bill pay, and free check writing.Included in Acorns Personal ($3/mo). Free metal debit card, no minimum balance, no overdraft fees, and 55,000+ fee-free ATMs nationwide.
Mobile App
Check
Yes
Desktop App
Thinkorswim
 
Two-Factor Authentication 
Yes
Forex Trading
Check
 
Futures Trading$2.25 per contract (plus exchange & regulatory fees) 
LocationsMore than 100 locations in 34 states
No
Online Community 
No
Seminars
Online webcast
No
Virtual TradingPaper Trading to practice/test strategies and ideas.
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

 TD AmeritradeAcorns
Stock TradingStarStarStarHalf StarEmpty Star
Options TradingStarStarStarStarEmpty Star
BankingStarStarStarStarEmpty Star
Mobile AppStarStarStarStarStarStarStarStarStarHalf Star
Commissions and FeesStarStarStarHalf StarEmpty Star
Ease of UseStarStarStarStarStarStarStarStarStarStar
Online CommunityStarStarStarEmpty StarEmpty Star
ResearchStarStarStarStarStar
Trading PlatformStarStarStarStarStar
Annual FeeStarStarStarEmpty StarEmpty Star
Minimum DepositStarStarStarStarStar
Customer ServiceStarStarStarEmpty StarEmpty Star
Pros & ConsPros:
  • Easy to Use
  • Thinkorswim Platform
  • Customer Service
Cons:
  • Trade Fees
Pros:
  • No minimum investment
  • Invest with spare change
  • Cash-back program
Cons:
  • Fees are high for small balances
  • No tax benefits
  • Limited investment options
Bottom LineGood online broker for long-term investors... Read full reviewInvestment 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.

TD Ameritrade: Pricing information from published website as of 07/18/2019.

Acorns: Pricing information from published website as of 09/28/2020.

TD Ameritrade: TD Ameritrade has not influenced the content of CreditDonkey. CreditDonkey may earn compensation for accounts opened at TD Ameritrade.

TD Ameritrade

Commission-Free Trading - Online Stock, ETF and Option Trades

Applies to U.S. exchange-listed stocks, ETFs, and options. A $0.65 per contract fee applies for options trades, with no exercise or assignment fees.

Acorns

Acorns Checking: $75 Bonus

Expires 12/31/2021
  • Setup Acorns Checking as your direct deposit method with your employer
  • Receive 2 direct deposits of at least $250 / deposit
  • $75 bonus will be deposited into your Acorns account within 45 days

Which is Better: TD Ameritrade or Acorns?

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


Articles on TD Ameritrade

TD Ameritrade Review

TD Ameritrade fees are higher than competitors, but is it worth it? We say yes and here's why. We analyze and compare it for you in our in-depth review.

TD Ameritrade Customer Service

TD Ameritrade offers 24/7 customer service - both online and on the phone. But the best way to actually contact TD Ameritrade may surprise you. Read on.

Articles on Acorns

Acorns 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 or Safe

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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