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TradeStation vs Acorns


 TradeStationAcorns
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TradeStation

Acorns

SPECIAL OFFER
50% Off Futures Brokerage Fees for New Customers with Code FUTRAFZT - Learn More

SPECIAL OFFER
$20 Investment Bonus - Learn More

Read Acorns Review

 

Benefits and Features

Savings 
No
Stock Trading
$0 commission
Part of service fee. No add-on trading fees.
Options Trading$0 Commission + $0.60 per contract
No
Annual Fee
None
  • Acorns Personal ($3/mo) - includes personal taxable account, IRA, and checking account
  • Acorns Personal Plus ($6/mo) - includes everything in Personal, emergency fund, 25% match on rewards, and 1% IRA match on Acorns Later contributions
  • Acorns Premium ($12/mo) - includes everything in Personal Plus, investment accounts for kids, 50% match on rewards, custom portfolio, Trust & Will, $10K Life Insurance, free GoHenry account, and 3% IRA match on Acorns Later contributions
Cryptocurrency Trading 
No
Minimum Deposit
$0
$0
Checking 
Yes
Mutual Fund Trading
$14.95 per transaction
No
Commission Free ETFs
more than 2,000 ETFs
A selection automatically chosen by Acorns
Phone Support800.822.0512 U.S. (toll-free) | 954.652.7900 U.S. (direct)
Monday - Friday, 8AM - 5PM ET
Yes
Live Chat SupportYes (Monday - Friday, 8AM - 5PM ET)
No
Email Support
Yes (Sales@TradeStation.com)
Yes
Human Advisors
Yes
No
Robo Advisor
No
Yes
Assets Under Management 
$4.7 Billion
Penny Stocks
Yes
 
Tax Loss Harvesting
No
No
Goal Tracker
No
Yes
Automatic Deposits
No
Yes
Broker Assisted Trades
$25
Acorns automatically invest and trade for you
Good For
Day Traders
Beginners; Passive investors; Those who have trouble saving/investing on their own
Inactivity Fee
$10/month
None, but you will keep paying the monthly fee
Maintenance Fee
$0
Monthly fee for the service
Online Platform
Yes
Yes
iPhone App
Yes (4.5 stars, 17.3K ratings)
Yes (4.7 stars, 760k ratings)
Android App
Yes (4.4 stars, 5.98K ratings)
Yes (4.3 stars, 156k ratings)
Banking
No
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
Desktop App
Yes
 
Two-Factor AuthenticationAuth0 Guardian app, SMS, or Google Authenticator app
Yes
Forex TradingYes (not available in TradeStation US) 
Futures Trading
Yes
 
Bond Trading
Yes
 
CFD TradingYes (CFD trading is not permitted in the US.) 
Currency TradingYes (not available in TradeStation US) 
Customer ServiceMonday – Friday, 8:00 a.m. – 5:00 p.m. ET
  • Live Chat
  • Phone Support: 800.822.0512 U.S. (toll-free) | 954.652.7900 U.S. (direct)
  • Email: Sales@TradeStation.com
 
Locations
Online only
No
Online Community
Yes
No
Seminars
Yes
No
Trading PlatformDesktop, Web Trading, Mobile Apps, FuturesPlus, TS Crypto 
Virtual Trading
Yes
No
Fractional Shares
No
Yes
Taxable Accounts
Yes
Yes
401k Plans
No
No
IRA Accounts
Yes
Yes
Roth IRA Accounts
Yes
Yes
SEP IRA Accounts
Yes
Yes
Trust Accounts
Yes
No
529 Plans
No
No
 

CreditDonkey® Reviews

 TradeStationAcorns
Annual FeeStarStarStarEmpty StarEmpty Star
Minimum DepositStarStarStarStarStar
Mobile AppStarStarStarStarHalf Star
Customer ServiceStarStarStarEmpty StarEmpty Star
Ease of UseStarStarStarStarStar
Pros & ConsPros:
  • No minimum to open account
  • Invest with spare change
  • Cash-back program
Cons:
  • Fees are high for small balances
  • No tax benefits
  • Limited investment options
Bottom LineInvestment app that automatically invests your spare change. Good for young investors to get into the habit... Read full review
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Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

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

TradeStation

Invest and Earn Up to $3,500

Enroll your new or existing TradeStation account in this offer by using promo code TSTVAGFD on your new account application, requesting to enroll via telephone or with a TradeStation Representative, or completing the enrollment form. Within 45 days of account enrollment, fund your account with at least $5,000. Maintain at least $5,000 in your account for 270 calendar days. New assets will be aggregated during the 45-calendar day period following the enrollment date to determine the amount of your cash offer.

New AssetsCash Bonus
$5,000 - $24,999$150
$25,000 – $99,999$300
$100,000 – $249,999$500
$250,000 – $499,999$1,000
$500,000 – $999,999$2,000
$1,000,000 or more$3,500

TradeStation

Trade Futures in IRA for $0.65

Trade futures in your IRA account for a discounted rate of $0.65 per contract per side. Use promo code 0035AEZP to get special offer. Terms and conditions apply.

Acorns

$20 Investment Bonus

  • Open an Acorns account (new users only)
  • Set up the Recurring Investments feature
  • Have your first investment be made successfully via the Recurring Investments feature

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.

Apps Like Acorns

Acorns is one of the best micro-investing apps out there. But is it for everyone? Read on to see some of your alternatives.

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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