Acorns is a hybrid platform – designed for investors who want to know what they’re invested in, but prefer a hands off approach for the day-to-day management of their accounts. Think of it as a roboadvisor where you have more input into what’s chosen.
Minafi Rating
6 /10
Usability Rating
8 /10
Cost Rating
7 /10
Trust Rating
7 /10
Company Age Score
5 /5
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Acorns Alternatives
All comparisons:
Just The Facts
Here’s everything you want to know about Acorns.
Who Manages Your Money?
Acorns is categorized as a Roboadvisor. After you create your account and set your timeframe for investing and your risk tolerance, Acorns will make all investment decisions for you.
What Features Does Acorns Offer?
Acorns allows you to invest using at least 3 different account types, over at least 3 platforms.
Accounts Offered
How to Accesses
How Much Does Acorns Cost?
This assumes a $5 per month fee and an average expense ratio of 0.15% (individual expense ratios range from 0.03% to about 0.20%).
Current Promotions
- $5 sign up bonus
Fees & Expenses View all fees
- $1/month - Lite Plan (Investment account)
- $3/month - Personal Plan (Investment account, retirement account & checking account)
- $5/month - Family Plan (All of the above + kids and advice)
- Additional expenses are in the form of the expense ratio for your chosen investments.
How Do I Sign Up?
Open an AccountPros
- Easy to use - Acorns app focuses on the simple user interface.
- Free trades
- Round Up and Invest - With an Acorns debit card, you choose to have transactions rounded up and the difference invested.
- Invests in low-fee, diversified index funds.
- Automated investing approach makes it easy to contribute.
Cons
- Monthly fees range from $1 to $5 a month.
- Retirement accounts require a $3/month fee.
Acorns Alternatives
Here's a look at how Acorns compares with it's closest competitors.
| Rating Type | Rating |
|---|---|
| Minafi Rating | 6 /10 |
| Usability Score | 8 /10 |
| Cost Rating | 7 /10 |
| Trust Rating | 7 /10 |
| Company Age Score | 5 /5 |
| JD Power Score | - |
| Overview Feature | Included |
|---|---|
| Founded | 2012 |
| Min Investment | $0.00 |
| Classification | |
| Accounts Offered | |
| How to Access | |
| Allows Investors from |
| Feature | Included |
|---|---|
| Automatic Investing | |
| Automatic Rebalancing | |
| Automatic Tax-Loss Harvesting | |
| Checking Account | |
| Fractional ETF Shares | |
| Free Trades | |
| Good for Beginners | |
| Good for Day Trading | |
| Good for Retirement | |
| Sign Up Bonus |
| Fee Type | Included |
|---|---|
| Management Fee | - |
| Monthly Fee | |
| Options Fee | - |
| Trade Fee | - |
| Rating Type | Rating |
|---|---|
| Minafi Rating | 9 /10 |
| Usability Score | 10 /10 |
| Cost Rating | 5 /10 |
| Trust Rating | 9 /10 |
| Company Age Score | 5 /5 |
| JD Power Score | - |
| Overview Feature | Included |
|---|---|
| Founded | 2008 |
| Min Investment | $0.00 |
| Classification | |
| Accounts Offered | |
| How to Access | |
| Allows Investors from |
| Feature | Included |
|---|---|
| Automatic Investing | |
| Automatic Rebalancing | |
| Automatic Tax-Loss Harvesting | |
| Checking Account | |
| Fractional ETF Shares | |
| Free Trades | |
| Good for Beginners | |
| Good for Day Trading | |
| Good for Retirement | |
| Sign Up Bonus |
| Fee Type | Included |
|---|---|
| Management Fee | |
| Monthly Fee | - |
| Options Fee | - |
| Trade Fee | - |
| Rating Type | Rating |
|---|---|
| Minafi Rating | 7 /10 |
| Usability Score | 7 /10 |
| Cost Rating | 6 /10 |
| Trust Rating | 7 /10 |
| Company Age Score | 5 /5 |
| JD Power Score | - |
| Overview Feature | Included |
|---|---|
| Founded | 2015 |
| Min Investment | $5.00 |
| Classification | |
| Accounts Offered | |
| How to Access | |
| Allows Investors from |
| Feature | Included |
|---|---|
| Automatic Investing | |
| Automatic Rebalancing | |
| Automatic Tax-Loss Harvesting | |
| Checking Account | |
| Fractional ETF Shares | |
| Free Trades | |
| Good for Beginners | |
| Good for Day Trading | |
| Good for Retirement | |
| Sign Up Bonus |
| Fee Type | Included |
|---|---|
| Management Fee | - |
| Monthly Fee | |
| Options Fee | - |
| Trade Fee | - |
| Feature by | Acorns | Betterment | Stash |
|---|---|---|---|
| Rating | Open An Account | Open An Account | Open An Account |
| Minafi Rating (out of 10) | 6 /10 | 9 /10 | 7 /10 |
| Usability Score (out of 10) | 8 /10 | 10 /10 | 7 /10 |
| Cost Rating (out of 10) | 7 /10 | 5 /10 | 6 /10 |
| Trust Rating (out of 10) | 7 /10 | 9 /10 | 7 /10 |
| Company Age Score (out of 5) | 5 /5 | 5 /5 | 5 /5 |
| JD Power Score (out of 1,000) | - | - | - |
| Overview | |||
| Year Founded | 2012 | 2008 | 2015 |
| Min Investment | $0.00 | $0.00 | $5.00 |
| Classification | |||
| Accounts Offered | |||
| How to Access | |||
| Allows Investors from | |||
| Features | |||
| Automatic Investing | |||
| Automatic Rebalancing | |||
| Automatic Tax-Loss Harvesting | |||
| Checking Account | |||
| Fractional ETF Shares | |||
| Free Trades | |||
| Good for Beginners | |||
| Good for Day Trading | |||
| Good for Retirement | |||
| Sign Up Bonus | |||
| Fees & Expenses | |||
| Management Fee | - | - | |
| Monthly Fee | - | ||
| Options Fee | - | - | - |
| Trade Fee | - | - | - |
| Fee Table (100% = lowest fees) |
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| View Full Comparison | Full Comparison | Full Comparison | |
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