Robinhood vs Acorns

Robinhood is a free way to trade stocks with limited bells and whistles. How does it compare to Acorns? Read our comparison chart below.

Robinhood offers $0 stock trades by cutting out physical offices and manual account management. Only basic stock trading can be performed on the mobile app. There is no minimum deposit or maintenance fee, though there is an optional paid premier customer tier starting at $6/month.

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 $1/month for accounts under $5,000. There is no minimum to open.

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

	Robinhood	Acorns
	OFFER Get a Free Stock (worth between $2.50 and $200) - Learn More Read Robinhood Review	SPECIAL OFFER $10 Sign-Up Bonus - Learn More Read Acorns Review
	Benefits and Features
Stock Trading	$0	Part of service fee. No add-on trading fees.
Annual Fee	All trades are commission-free. No platform fees.	$1/mo for Acorns Lite (taxable account only) $3/mo for Acorns Personal (includes IRA and checking account) $5/mo for Acorns Family (includes investment accounts for kids)
Minimum Deposit	$0	$0
Commission Free ETFs	All U.S. listed ETFs
Phone Support	No	Yes
Live Chat Support		No
Email Support		Yes
Human Advisors		No
Assets Under Management		$1.2 Billion
Tax Loss Harvesting		No
Goal Tracker		Yes
Automatic Deposits		Yes
Broker Assisted Trades	$10
Customer Service	Monday-Friday 9am - 6pm ET
Good For	Beginners; Active traders
Inactivity Fee	$0
Maintenance Fee	$0
Online Platform		Yes
iPhone App		Yes
Android App		Yes
Banking	No service fees for Robinhood Cash Management account. Free debit card with no in-network ATM fees or foreign transaction fees	$3/mo for Acorns + Acorns Later + Acorns Spend checking. Free debit card, no minimum balance, no overdraft fees, and unlimited free or fee-reimbursed ATMs nationwide.
Mobile App	Yes	Yes
Desktop App	Yes
Locations	No
Online Community	No
Seminars	No
Virtual Trading	No
Single Stock Diversification		No
Fractional Shares	Yes	Yes
Taxable Accounts	Yes	Yes
401k Plans		No
IRA Accounts	No	Yes
Roth IRA Accounts		Yes
SEP IRA Accounts		Yes
Trust Accounts		No
529 Plans		No
	CreditDonkey® Reviews
Stock Trading
Options Trading
Mobile App
Commissions and Fees
Ease of Use
Research
Annual Fee
Minimum Deposit
Customer Service
Pros & Cons	Pros: Commission-free trades No minimum Extended trading hours Cons: No IRAs Limited research No mutual funds & bonds	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 Line	Free way to trade stocks with limited bells and whistles... Read full review	Investment app that automatically invests your spare change. Good for young investors to get into the habit... Read full review
	Get a Free Stock (worth between $2.50 and $200) Commission-Free Trades Free Cryptocurrency Investing	$10 Sign-Up Bonus $5 Sign-Up Bonus Try Acorns Today!
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Robinhood: Pricing information from published websites as of 04/18/2020. Acorns: Pricing information from published website as of 09/28/2020.

Which is Better: Robinhood or Acorns?

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

Articles on Robinhood

Robinhood
Robinhood lets you trade stocks commission-free and has no account minimums. Is it safe? Are there hidden fees? Read on for the pros and cons.
• Robinhood vs E*TRADE
• Robinhood vs Stash
• Robinhood vs Vanguard

Articles on Acorns

Acorns App Review
Acorns automatically invests your spare change. But can it help make you money? Find out if this app is safe and legit.
• Acorns vs Betterment
Acorns Fees
Want to invest and save using the Acorns app? Read this review before you sign up to find out if the fees are worth it.
How Acorns Makes Money
Acorns makes money through subscription fees. Read this review to find what the micro-investing app charges every month.

Comments

• Olivia Tabor
  on April 2019 said about Acorns:

  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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