Acorns vs Interactive Brokers - Compare features, fees and

Acorns vs Interactive Brokers Highlights

Here's a look at the differences between these two investment platforms. Minafi's finances are an open book. See how we make money.

Overview
Overview Feature	Included
Founded	2012
Min Investment	$0.00
Classification	Roboadvisor
Accounts Offered	Roth IRA Taxable Traditional IRA
How to Access	Android Application Website iOS Application
Allows Investors from	United States of America

Features
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

Overview
Overview Feature	Included
Founded	1978
Min Investment	$0.00
Classification	Self-Guided Account
Accounts Offered	Joint Roth IRA SEP IRA Taxable Traditional IRA Trusts
How to Access	API Android Application Linux App Mac App Website Windows App iOS Application
Allows Investors from	United States of America

Features
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

Investment Apps comparison
Feature by	Acorns	Interactive Brokers
Rating	77 Open An Account	60 Open An Account
Minafi Rating (out of 10)	6 /10	/10
Usability Score (out of 10)	8 /10	4 /10
Cost Rating (out of 10)	7 /10	1 /10
Trust Rating (out of 10)	7 /10	10 /10
Company Age Score (out of 5)	5 /5	5 /5
JD Power Score (out of 1,000)	-	-
Overview
Year Founded	2012	1978
Min Investment	$0.00	$0.00
Classification	Roboadvisor	Self-Guided Account
Accounts Offered	Roth IRA Taxable Traditional IRA	Joint Roth IRA SEP IRA Taxable Traditional IRA Trusts
How to Access	Android Application Website iOS Application	API Android Application Linux App Mac App Website Windows App iOS Application
Allows Investors from	United States of America	United States of America
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)	View Acorns fees	View Interactive Brokers fees

Website	https://www.acorns.com	https://www.interactivebrokers.com/
Pros	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.	Apps for every platform. Just about every trading option you can imagine. Lots of day trading options.
Cons	Monthly fees range from $1 to $5 a month. Retirement accounts require a $3/month fee.	So much security, you’ll need to confirm your account 10x to just get setup. Advanced configuration and options require training to use. Extreme overkill if you’re aiming to just invest in ETFs and mutual funds for retirement.
Promotions	$5 sign up bonus
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.	Depending on your tier, free trades for ETFs and mutual funds. Minimum $0.35 per stock trade. Somewhat confusing fee structure.