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

	Visit Site	Visit Site
	OFFER Get a Free Stock (worth between $5 and $200) - Learn More Read Robinhood Review	SPECIAL OFFER $20 Investment 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	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
Cryptocurrency Trading	$0	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	650-761-7789 (available 24/7)	Yes
Live Chat Support	Available 24/7 (requires sign in)	No
Email Support	Yes	Yes
Human Advisors	No	No
Robo Advisor	No	Yes
Assets Under Management	$102 Billion	$4.7 Billion
Penny Stocks	Yes
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, 4.3M ratings)	Yes (4.7 stars, 760k ratings)
Android App	Yes (4.1 stars, 483k ratings)	Yes (4.3 stars, 156k ratings)
Banking	Offers Robinhood spending account with Robinhood Cash Card issued by Sutton Bank	Included in Acorns Bronze ($3/mo). Free metal debit card, no minimum balance, no overdraft fees, and 55,000+ fee-free ATMs nationwide.
Mobile App	iOS & Android	iOS & Android
Desktop App	None
Two-Factor Authentication	Device approvals, Authenticator app, SMS	Yes
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	Yes	No
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	No	Yes
Trust Accounts	No	No
529 Plans	No	No
	CreditDonkey® Reviews

Stock Trading
Options Trading
Minimum Deposit
Mobile App
Commissions and Fees
Customer Service
Ease of Use
Research
Annual Fee
Pros & Cons	Pros: Commission-free trades No minimum Extended trading hours Cons: Limited research No mutual funds & bonds	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
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
	Visit Site	Visit Site
	Get a Free Stock (worth between $5 and $200) Commission-Free Trades Buy and Sell Cryptocurrency	$20 Investment Bonus Try Acorns Today! Acorns Invest: Invest Spare Change
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 08/13/2024. 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

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

$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

Try Acorns Today!

Get Deal

Acorns Invest: Invest Spare Change

Automatically Save and Invest

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 eToro.

In short: Robinhood's customer service is noteworthy.

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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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