Acorns vs Robinhood: Which is Better?

When comparing Acorns and Robinhood, it’s crucial to explore various aspects such as investment options, fees, account types, technology, user experience, and overall suitability for your financial goals. Both platforms offer unique approaches to investing, catering to different types of investors. In this comparison, we’ll delve into the key features of each platform to help you make an informed decision.


Acorns is a micro-investing platform that enables users to invest their spare change from everyday purchases. It rounds up transactions to the nearest dollar and invests the difference into a diversified portfolio of ETFs (Exchange-Traded Funds). Acorns aims to make investing accessible to everyone, particularly those who may not have significant funds to invest upfront.

Robinhood, on the other hand, is a commission-free trading platform that allows users to buy and sell stocks, options, ETFs, and cryptocurrencies. Robinhood disrupted the brokerage industry by eliminating trading commissions, making investing more accessible to retail investors. Its user-friendly interface and mobile-first approach have attracted a large user base, particularly among younger investors.

Investment Options

Acorns primarily offers a limited selection of ETF-based portfolios designed to match various risk profiles, ranging from conservative to aggressive. These portfolios typically consist of a mix of stocks and bonds diversified across asset classes and sectors. Acorns’ approach is simple and hands-off, making it suitable for beginner investors or those looking for a passive investment strategy.

Robinhood provides a broader range of investment options, including individual stocks, options, ETFs, and cryptocurrencies. Its commission-free trading model allows users to trade stocks and ETFs without paying any fees, making it an attractive option for active traders and investors looking to build diversified portfolios. Robinhood’s focus on self-directed investing and trading distinguishes it from many other brokerage platforms.


Acorns charges a monthly fee ranging from $1 to $5, depending on the tier of service chosen. The basic tier includes an investment account and a retirement account, while the higher tiers add features like an Acorns debit card, access to a checking account, and bonus investments for shopping with Acorns partners. In addition to the monthly fee, Acorns charges an annual management fee ranging from 0.25% to 0.50% of assets under management.

Robinhood pioneered the commission-free trading model, allowing users to trade stocks, ETFs, options, and cryptocurrencies without paying any fees. However, Robinhood generates revenue through other means, such as interest on cash balances, margin trading, and premium subscription services like Robinhood Gold. While its commission-free model is attractive, users should be aware of other potential costs associated with using the platform.

Account Types

Acorns offers individual taxable investment accounts, traditional and Roth IRAs (Individual Retirement Accounts), as well as custodial accounts for minors. Its inclusion of retirement accounts makes it suitable for long-term savings and retirement planning, in addition to taxable investment accounts for general investing goals.

Robinhood offers individual taxable brokerage accounts, traditional and Roth IRAs, as well as margin accounts for advanced traders. Its diverse range of account types caters to investors with varying financial needs and objectives, whether they’re saving for retirement, building wealth through regular investing, or exploring more speculative trading strategies.

Technology and User Experience

Acorns’ mobile app and website are designed with simplicity and accessibility in mind, making it easy for users to sign up, set up their accounts, and start investing within minutes. Its round-up feature automatically invests spare change from everyday purchases, while additional features like Found Money partnerships and educational content enhance the user experience.

Robinhood’s mobile app and website feature a sleek and intuitive interface with real-time market data, customizable watchlists, and advanced trading tools. Its user-friendly platform makes it easy for investors to research stocks, place trades, and manage their portfolios on the go. Robinhood’s emphasis on simplicity and transparency resonates with users seeking a seamless and straightforward investing experience.


Both Acorns and Robinhood prioritize the security of their users’ accounts and personal information. They employ industry-standard security measures, such as encryption, multi-factor authentication, and regular security audits, to protect against unauthorized access and data breaches. Additionally, both platforms offer FDIC insurance for cash balances held in their accounts and SIPC protection for securities held in brokerage accounts.

Customer Support

Acorns provides customer support via email and in-app messaging. While it lacks phone support, its online help center and educational resources aim to address common questions and concerns. Acorns also offers a referral program that rewards users for inviting friends to join the platform.

Robinhood offers customer support via email and in-app messaging, with limited phone support available for account-specific inquiries. Additionally, Robinhood provides an extensive knowledge base, FAQs, and user forums to help users troubleshoot issues and learn about investing. However, some users have criticized Robinhood’s customer support response times and availability during peak trading hours.

Final Conclusion on Acorns vs Robinhood: Which is Better?

In conclusion, both Acorns and Robinhood offer unique features and benefits for investors of all experience levels. Acorns’ focus on automated investing and spare change round-ups appeals to beginner investors or those looking for a simple, hands-off approach to investing. Its low-cost subscription model and emphasis on long-term savings make it suitable for individuals looking to build wealth gradually over time.

Robinhood, on the other hand, provides a commission-free trading platform with a broad range of investment options, including stocks, options, ETFs, and cryptocurrencies. Its user-friendly interface and mobile-first design have made it popular among younger investors and active traders. Robinhood’s emphasis on self-directed investing and trading distinguishes it from traditional brokerage platforms, offering users greater control and flexibility over their investment portfolios.

Ultimately, the choice between Acorns and Robinhood depends on your individual preferences, investment objectives, and level of comfort with managing your investments. It’s essential to evaluate the features, fees, investment options, and user experience of each platform to determine which one best aligns with your financial needs and goals.


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