Save money and be informed. CreditDonkey is a personal finance comparison and reviews website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†

Fidelity vs Acorns

Fidelity is a comprehensive online broker with in-depth research. How does it compare to Acorns? Read our comparison chart below.

Fidelity offers stock trades at $0 per trade and more than 180 branch locations. There is no minimum deposit.

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

 Acorns
 Learn MoreVisit Site
 

Fidelity

Acorns

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

Read Fidelity Review

SPECIAL OFFER
$10 Sign-Up Bonus - 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 online trade, plus $0.65 per contract
No
Annual Fee
None
  • $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
No
Minimum Deposit
$0
$0
Checking 
Yes
Mutual Fund Trading
  • $0 transaction fee for Fidelity funds
  • $0 on purchase for NTF (no transaction fee) non-Fidelity funds. ($49.95 on redemption if held less than 60 days)
  • $49.95 on purchase for non-Fidelity funds; $0 on redemption. (Certain funds may have a $75 transaction fee).
No
Commission Free ETFs357 including 28 Fidelity factor, sector, stock, and bond ETFs and 329 iShares® ETFsA selection automatically chosen by Acorns
Phone Support
(800) 343-3548; available 24/7
Yes
Live Chat Support
No
No
Email Support
Yes
Yes
Human AdvisorsOptional coaching or investment management with human advisors (for added fees)
No
Robo AdvisorOptional Fidelity Go robo-advisory service
Yes
Assets Under Management
$4.9 Trillion
$4.7 Billion
Tax Loss Harvesting
No
No
Goal Tracker
Yes
Yes
Automatic Deposits
Yes
Yes
Broker Assisted Trades$32.95 per trade for representative-assisted trades.Acorns automatically invest and trade for you
Good ForMore experienced DIY investors; Mutual fund investorsBeginners; 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 account service fee
Monthly fee for the service
Online PlatformYes (access to Active Trader Pro is available to those who trade 36 times or more in a rolling 12 month period)
Yes
iPhone App
Yes (4.8 stars, 1.7m ratings)
Yes (4.7 stars, 760k ratings)
Android App
Yes (4.5 stars, 97k ratings)
Yes (4.3 stars, 156k ratings)
BankingFidelity Cash Management Account includes reimbursed ATM fees, no monthly fee, no minimum balance requirement, FDIC insurance, mobile check deposit, free billpay and free checkwriting.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
Two-Factor Authentication
Yes
Yes
Locations
More than 180
No
Online Community
Yes, it has a investor forum
No
SeminarsYes, frequent webinars and courses for beginners
No
Virtual Trading
No
No
Fractional Shares
Yes
Yes
Taxable Accounts
Yes
Yes
401k Plans
Yes
No
IRA Accounts
Yes
Yes
Roth IRA Accounts
Yes
Yes
SEP IRA Accounts
Yes
Yes
Trust Accounts
Yes
No
529 Plans
Yes
No
 

CreditDonkey® Reviews

 Acorns
Stock TradingStarStarStarStarEmpty Star
Options TradingStarStarStarStarEmpty Star
Mutual Fund TradingStarStarStarStarHalf Star
BankingStarStarStarStarStar
Mobile AppStarStarStarStarEmpty StarStarStarStarStarHalf Star
Commissions and FeesStarStarStarStarEmpty Star
ResearchStarStarStarStarStar
Annual FeeStarStarStarEmpty StarEmpty Star
Minimum DepositStarStarStarStarStar
Customer ServiceStarStarStarEmpty StarEmpty Star
Ease of UseStarStarStarStarStar
Pros & ConsPros:
  • Research reports
  • Beginner-friendly tools
  • Mobile app
Cons:
  • Restricted platform
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 LineComprehensive online broker with in-depth research... 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.

Fidelity: Pricing information from published website as of 12/05/2020.

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

Which is Better: Fidelity or Acorns?

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


Articles on Fidelity

Fidelity

Thinking of opening a brokerage account with Fidelity? There are many reasons to love Fidelity and a few reasons to think about going elsewhere.

Articles on Acorns

Acorn 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 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

Comments may be filtered for language. CreditDonkey makes no guarantee of comments' factual accuracy. These responses are not provided or commissioned by bank advertisers. Responses have not been reviewed, approved or otherwise endorsed by bank advertisers. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Visitors may report inappropriate content by clicking the Contact Us link.





You Might Also Like

How to Invest as a College Student

How to Invest as a College Student

Not sure how to invest as a college student? Check out this guide to find 6 solid investments for college students to invest in for their future.
Best Investment Accounts

Best Investment Accounts

Looking to open an investment account? In this list, review the best investment accounts to choose from and how to pick the right one for you.
Are Investing Apps Safe

Are Investing Apps Safe

Investing apps make it convenient to trade and manage your portfolio. But can you trust them with your money? Read on to find out if they are safe.
Robinhood Alternatives
Robinhood

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?
How to Invest $20 Wisely

How to Invest $20 Wisely

$20 may not seem like much money. But there are many investment options open to you, from stocks to real estate. Find out how to start investing with only $20.
Free Stock Trading App

Free Stock Trading App

Want to trade stocks for free? These stock trading apps can help every type of investor build their nest egg.
Best Investment Apps for Beginners

Best Investment Apps for Beginners

Looking to start investing? You can begin with as little as $5. Check out these cheap (or free) apps for new investors.
Best Investment Apps

Best Investment Apps

Not all investing apps are worth it. Learn how investment apps like Acorns and Robinhood compare to others.
Best Roth IRA Providers for Beginners

Best Roth IRA Providers for Beginners

Opening a Roth IRA is one of the best money moves you can make. But where should you open an account? Here are our top recommended Roth IRA providers.

Next Page:

About CreditDonkey
CreditDonkey is a personal finance comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

About Us | Reviews | Deals | Tips | Privacy | Do Not Sell My Info | Terms | Contact Us
(888) 483-4925 | 680 East Colorado Blvd, 2nd Floor | Pasadena, CA 91101
© 2022 CreditDonkey Inc. All Rights Reserved.