Robinhood vs Acorns

Struggling to choose between Robinhood and Acorns? Both products offer unique advantages, making it a tough decision.

Robinhood is a Business & Commerce solution with tags like stocks, cryptocurrency, mobile, free, novice-investors.

It boasts features such as Commission-free trading of stocks, ETFs, options and cryptocurrencies, Fractional share investing, Intuitive mobile app interface, Research tools like analyst ratings and price targets, Cash management account with debit card and pros including No trade commissions or account minimums, Easy to use interface good for beginners, Fractional shares allow investing small amounts, Large selection of assets to trade.

On the other hand, Acorns is a Finance product tagged with microinvesting, spare-change, index-funds, diversified-portfolio.

Its standout features include Round-up spare change, Automated investing, ETFs and index funds, Goal-based investing, Found Money cashback rewards, Acorns Spend debit card, Acorns Later retirement accounts, and it shines with pros like Easy way to invest small amounts, Hands-off approach, Low fees, Educational resources.

Feature	Robinhood	Acorns
Overall Score	N/A	N/A
Primary Category	Business & Commerce	Finance

Product Overview

Robinhood

Description: Robinhood is a popular free stock trading app that allows users to buy and sell stocks, ETFs, options and cryptocurrencies with no commissions or fees. It has an easy-to-use mobile interface aimed at novice investors.

Acorns

Description: Acorns is a micro-investing app that allows users to invest their spare change from everyday purchases. It automatically invests small amounts into a diversified portfolio of index funds to grow users' money over time.

Key Features Comparison

Robinhood Features

• Commission-free trading of stocks, ETFs, options and cryptocurrencies
• Fractional share investing
• Intuitive mobile app interface
• Research tools like analyst ratings and price targets
• Cash management account with debit card

Acorns Features

• Round-up spare change
• Automated investing
• ETFs and index funds
• Goal-based investing
• Found Money cashback rewards
• Acorns Spend debit card
• Acorns Later retirement accounts

Pros & Cons Analysis

Robinhood

Pros

• No trade commissions or account minimums
• Easy to use interface good for beginners
• Fractional shares allow investing small amounts
• Large selection of assets to trade

Cons

• No retirement accounts like IRAs offered
• Limited customer service and support
• Frequent outages during peak trading times
• Limited research and analysis tools compared to full-service brokers

Acorns

Pros

• Easy way to invest small amounts
• Hands-off approach
• Low fees
• Educational resources

Cons

• Limited investment options
• No control over specific investments
• Requires linking bank account
• Monthly fee for higher tiers

Pricing Comparison

Robinhood

• Free

Acorns

• Free
• Freemium
• Subscription-Based