Acorns vs Robinhood

Acorns is an investment app that automatically invests your spare change. Good for young investors to get into the habit. How does it compare to Robinhood? Read our comparison chart below.

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.

While 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.

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

	Acorns	Robinhood

	Visit Site	Visit Site
	SPECIAL OFFER $20 Investment Bonus - Learn More Read Acorns Review	OFFER Get a Free Stock (worth between $5 and $200) - Learn More Read Robinhood Review
	Benefits and Features
Savings	No
Stock Trading	Part of service fee. No add-on trading fees.	$0
Options Trading	No	$0
Annual Fee	Acorns Bronze ($3/mo) - includes personal taxable account, IRA, and checking account Acorns Silver ($6/mo) - includes everything in Bronze, emergency fund, 25% match on rewards, and 1% IRA match on Acorns Later contributions Acorns Gold ($12/mo) - includes everything in Silver, 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	None
Cryptocurrency Trading	No	$0
Minimum Deposit	$0	$0
Checking	Yes
Mutual Fund Trading	No	No
Commission Free ETFs	A selection automatically chosen by Acorns	All U.S. listed ETFs
Phone Support	Yes	650-761-7789 (available 24/7)
Live Chat Support	No	Available 24/7 (requires sign in)
Email Support	Yes	Yes
Human Advisors	No	No
Robo Advisor	Yes	No
Assets Under Management	$4.7 Billion	$102 Billion
Penny Stocks		Yes
Tax Loss Harvesting	No	No
Goal Tracker	Yes	No
Automatic Deposits	Yes	Yes
Broker Assisted Trades	Acorns automatically invest and trade for you	Not available
Good For	Beginners; Passive investors; Those who have trouble saving/investing on their own	Beginners; Active traders
Inactivity Fee	None, but you will keep paying the monthly fee	$0
Maintenance Fee	Monthly fee for the service	$0
Online Platform	Yes	Yes
iPhone App	Yes (4.7 stars, 760k ratings)	Yes (4.2 stars, 4.3M ratings)
Android App	Yes (4.3 stars, 156k ratings)	Yes (4.1 stars, 483k ratings)
Banking	Included in Acorns Bronze ($3/mo). Free metal debit card, no minimum balance, no overdraft fees, and 55,000+ fee-free ATMs nationwide.	Offers Robinhood spending account with Robinhood Cash Card issued by Sutton Bank
Mobile App	iOS & Android	iOS & Android
Desktop App		None
Two-Factor Authentication	Yes	Device approvals, Authenticator app, SMS
Forex Trading		No
Futures Trading		No
Bond Trading		No
CFD Trading		No
Currency Trading		No
Customer Service		Live Chat (24 hours via Robinhood app) Phone: 650-761-7789 (available 24/7) Email: support@robinhood.com
Locations	No	No
Online Community	No	No
Seminars	No	Yes
Trading Platform		Web Trading, Mobile Apps
Virtual Trading	No	No
Fractional Shares	Yes	Yes
Taxable Accounts	Yes	Yes
401k Plans	No	No
IRA Accounts	Yes	Yes
Roth IRA Accounts	Yes	Yes
SEP IRA Accounts	Yes	No
Trust Accounts	No	No
529 Plans	No	No
	CreditDonkey® Reviews

Annual Fee
Minimum Deposit
Mobile App
Customer Service
Ease of Use
Stock Trading
Options Trading
Commissions and Fees
Research
Pros & Cons	Pros: 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	Pros: Commission-free trades No minimum Extended trading hours Cons: Limited research No mutual funds & bonds
Bottom Line	Investment app that automatically invests your spare change. Good for young investors to get into the habit... Read full review	Free way to trade stocks with limited bells and whistles... Read full review
	Visit Site	Visit Site
	$20 Investment Bonus Try Acorns Today! Acorns Invest: Invest Spare Change	Get a Free Stock (worth between $5 and $200) Commission-Free Trades Buy and Sell Cryptocurrency
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. Robinhood: Pricing information from published websites as of 08/13/2024.

$20 Investment Bonus

Get $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

Trade stocks, funds, options, and cryptocurrencies

Buy and Sell Cryptocurrency

Robinhood Crypto offers commission-free cryptocurrency investments 24/7. Some of the cryptocurrencies available are Bitcoin, Dogecoin, Ethereum, and Litecoin. This offer is currently available to selected states.

Get Deal

Which is Better: Acorns or Robinhood?

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

In short: Robinhood's customer service is noteworthy.

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.

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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.

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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 Alternatives

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Robinhood vs Webull

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Robinhood IRA Review

Robinhood offers some of the most unique IRAs on the market. But are they any good? Read on to find out.

Is Robinhood Safe

Are you worried about the safety of your investments? Let's examine the security features of Robinhood to determine if it's a reliable choice. Read on.

How Does Robinhood Make Money

Robinhood earns money through payment for order flow, interest rates, and subscriptions. Learn how these factors contribute to Robinhood's success.

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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.

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