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 $5/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 $3/month for accounts. 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 $5 and $200) - Learn More Read Robinhood Review	SPECIAL OFFER $10 Sign-Up Bonus - Learn More Read Acorns Review
	Benefits and Features
Savings		No
Stock Trading	$0	Part of service fee. No add-on trading fees.
Options Trading	$0	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
Minimum Deposit	$0	$0
Checking		Yes
Mutual Fund Trading	No	No
Commission Free ETFs	All U.S. listed ETFs	A selection automatically chosen by Acorns
Phone Support	24/7	Yes
Live Chat Support	No	No
Email Support	Yes	Yes
Human Advisors	No	No
Robo Advisor	No	Yes
Assets Under Management	$80 Billion	$4.7 Billion
Tax Loss Harvesting	No	No
Goal Tracker	No	Yes
Automatic Deposits	Yes	Yes
Broker Assisted Trades	Not available	Acorns automatically invest and trade for you
Good For	Beginners; Active traders	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	Yes
iPhone App	Yes (4.2 stars, 4m ratings)	Yes (4.7 stars, 760k ratings)
Android App	Yes (3.8 stars, 453k ratings)	Yes (4.3 stars, 156k ratings)
Banking		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	Yes	Yes
Two-Factor Authentication	Yes	Yes
Locations	No	No
Online Community	No	No
Seminars	No	No
Virtual Trading	No	No
Fractional Shares	Yes	Yes
Taxable Accounts	Yes	Yes
401k Plans	No	No
IRA Accounts	No	Yes
Roth IRA Accounts	No	Yes
SEP IRA Accounts	No	Yes
Trust Accounts	No	No
529 Plans	No	No
	CreditDonkey® Reviews
Stock Trading
Options Trading
Minimum Deposit
Customer Service
Mobile App
Commissions and Fees
Ease of Use
Research
Annual Fee
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 $5 and $200) Commission-Free Trades Commission-Free Options 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.

Get a Free Stock (worth between $5 and $200)

Get a Free Stock

Commission-Free Trades

Get Deal

Trade stocks, funds, options, and cryptocurrencies

Commission-Free Options Investing

Get Deal

Robinhood offers commission-free and no monthly fee options trading.

$10 Sign-Up Bonus

Get $10 Sign-Up Bonus

$5 minimum investment

$5 Sign-Up Bonus

Get $5 Sign-Up Bonus

Try Acorns Today!

Get Deal

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.

In short: Robinhood's customer service is noteworthy.

Articles on Robinhood

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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?

• Robinhood vs Ally Invest

Robinhood App

Thinking about trading on Robinhood? Good job on getting started investing! But first, there are 7 things you need to know before investing on Robinhood.

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

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

• Olivia Tabor from Texas
  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.

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.

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