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E*TRADE vs Acorns

E*TRADE is an online broker with one of the best user interfaces. How does it compare to Acorns? Read our comparison chart below.

E*TRADE offers stock trades at $0 per trade. There is a $500 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 E*TRADE with Acorns, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 Acorns
 Learn MoreVisit Site
 

E*TRADE

Acorns

SPECIAL OFFER
Learn more about E*TRADE - Learn More

Read E*TRADE Review

SPECIAL OFFER
$25 Bonus Investment - Learn More

Read Acorns Review

 

Benefits and Features

Savings 
No
Stock Trading
$0 per trade
Part of service fee. No add-on trading fees.
Options Trading
  • $0 per trade + $0.65 per contract
  • $0 per trade + $0.50 per contract if you make 30+ trades a quarter
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 for self-directed brokerage accounts; Managed portfolios start at $500 minimum
$0
Checking 
Yes
Mutual Fund Trading$0 for no-load, no-transaction-fee funds; $19.99 for transaction-fee funds
No
Commission Free ETFs
250+
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 + Regular Commission
Acorns automatically invest and trade for you
Customer Service
800-387-2331
 
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)
BankingChecking account offers no minimum balance requirements, free online bill pay, and unlimited debit card and check transactions.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 AppE*TRADE Pro (requires you execute at least 30 trades during a calendar quarter or maintain brokerage account balance of at least $250,000) 
Two-Factor Authentication 
Yes
Futures Trading$1.50 per contract, per side + fees (excluding bitcoin futures) 
Locations 
No
Online Community 
No
Seminars 
No
Virtual Trading 
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

 Acorns
Stock TradingStarStarStarStarEmpty Star
Options TradingStarStarStarStarEmpty Star
BankingStarStarStarEmpty StarEmpty Star
Mobile AppStarStarStarStarStarStarStarStarStarHalf Star
Commissions and FeesStarStarStarHalf StarEmpty Star
Ease of UseStarStarStarStarStarStarStarStarStarStar
Online CommunityStarStarStarStarEmpty Star
ResearchStarStarStarStarEmpty Star
Trading PlatformStarStarStarStarStar
Annual FeeStarStarStarEmpty StarEmpty Star
Minimum DepositStarStarStarStarStar
Customer ServiceStarStarStarEmpty StarEmpty Star
Pros & ConsPros:
  • Expansive set of resources and tools
  • Easy to use website
  • Industry leader
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 LineOnline broker with one of the best user interfaces... Read full reviewInvestment app that automatically invests your spare change. Good for young investors to get into the habit... Read full review
 Learn MoreVisit Site

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

E*TRADE: Pricing information from published website as of 12/05//2020.

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

Acorns

$25 Bonus Investment

Expires in 15 hours
  • Users must create their Acorns account between September 19 until September 25, and have it verified
  • Users must successfully deposit a minimum of $5 into their Acorns account within 14 days of the end of the promotion

Which is Better: E*TRADE or Acorns?

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


Articles on E*TRADE

ETrade

E*TRADE is a highly well-known name, but does that mean it is better than its competitors? Read our in-depth review and see how it compares.

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.

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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