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Acorns vs eToro

Acorns is an investment app that automatically invests your spare change. Good for young investors to get into the habit. How does it compare to eToro? Read our comparison chart below.

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.

While eToro is a social crypto trading platform known for its popular CopyTrading feature. They support a fair range of cryptocurrencies with staking rewards on a few coins. Their fees are moderate compared to other exchanges.

Compare Acorns with eToro, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 AcornseToro
eToro USA LLC and eToro USA Securities Inc.
 Visit SiteVisit Site
 

Acorns

eToro

SPECIAL OFFER
$20 Investment Bonus - Learn More

Read Acorns Review

OFFER
Deposit $100 and Get $10 from eToro USA LLC - Learn More

Read eToro Review

 

Benefits and Features

Savings
No
 
Stock TradingPart of service fee. No add-on trading fees.
$0; 3,000+ stocks & ETFs
Options Trading
No
$0
Annual Fee
  • 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
None
Cryptocurrency Trading
No
Check
Minimum Deposit
$0
$100 ($200 to start copy trading)
Checking
Yes
 
Mutual Fund Trading
No
No
Commission Free ETFsA selection automatically chosen by Acorns
Over 300 ETFs
Phone Support
Yes
None
Live Chat Support
No
Online 24 hours,
Monday to Friday
Email Support
Yes
Yes
Human Advisors
No
No
Robo Advisor
Yes
No
Assets Under Management
$4.7 Billion
$7.5 Billion
(as of 09/30/2023)
Tax Loss Harvesting
No
No
Goal Tracker
Yes
Yes
Automatic Deposits
Yes
Yes
Broker Assisted TradesAcorns automatically invest and trade for you
Not available
Good ForBeginners; Passive investors; Those who have trouble saving/investing on their own
Position traders
Inactivity FeeNone, but you will keep paying the monthly fee
$10/month
Maintenance Fee
Monthly fee for the service
$0
Online Platform
Yes
Yes
iPhone App
Yes (4.7 stars, 760k ratings)
Yes (4.3 stars, 2.3K ratings)
Android App
Yes (4.3 stars, 156k ratings)
Yes (4.0 stars, 133k ratings)
BankingIncluded in Acorns Bronze ($3/mo). Free metal debit card, no minimum balance, no overdraft fees, and 55,000+ fee-free ATMs nationwide.
No
Mobile App
iOS & Android
Yes
Two-Factor Authentication
Yes
SMS or phone call
Locations
No
No
Online Community
No
Yes
Seminars
No
Yes (eToro Academy)
Virtual Trading
No
Yes (eToro virtual account with $100,000 virtual funds)
Fractional Shares
Yes
Yes
Taxable Accounts
Yes
Yes
401k Plans
No
No
IRA Accounts
Yes
No
Roth IRA Accounts
Yes
No
SEP IRA Accounts
Yes
No
Trust Accounts
No
No
529 Plans
No
No
 

CreditDonkey® Reviews

 AcornseToro
Annual FeeStarStarStarEmpty StarEmpty Star
Minimum DepositStarStarStarStarStar
Mobile AppStarStarStarStarHalf StarStarStarStarHalf StarEmpty Star
Customer ServiceStarStarStarEmpty StarEmpty Star
Ease of UseStarStarStarStarStarStarStarStarHalf StarEmpty Star
Cryptocurrency TradingStarStarStarHalf StarEmpty Star
Commissions and FeesStarStarStarStarEmpty Star
ResearchStarStarStarStarStar
SafetyStarStarStarStarEmpty Star
Pros & ConsPros:
  • 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
Pros:
  • Copy actions of top traders
  • Virtual practice account
Cons:
  • Slow customer service response time
Bottom LineInvestment app that automatically invests your spare change. Good for young investors to get into the habit... Read full reviewGood crypto exchange for learning, socializing and copy-trading... Read full review
 Visit SiteVisit Site

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Acorns: Pricing information from published website as of 09/28/2020.

eToro: Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. CreditDonkey Inc may be compensated if you access certain products or services offered by the MSB and/or the BD.

eToro: eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

Acorns

$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
Acorns

Try Acorns Today!

Get Deal
Acorns

Acorns Invest: Invest Spare Change

Automatically Save and Invest
eToro
eToro USA LLC and eToro USA Securities Inc.

Deposit $100 and Get $10 from eToro USA LLC

Deposit $100 and Get $10
Expires 12/31/2024
For a limited time, you can get $10 when you deposit $100 in your eToro account. Here's how:
  1. Sign up for an eToro account
  2. Deposit $100
You'll automatically receive $10 directly to your account balance. Offer only applies to US customers. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk.
eToro
eToro USA LLC and eToro USA Securities Inc.

Buy $100 in Crypto and Get $10 Bonus from eToro USA LLC

For a limited time, you can get $10 when you invest in $100 worth of crypto on eToro. Here's how:

  1. Sign up for an eToro account
  2. Deposit funds
  3. Invest in $100 worth of crypto

You'll automatically receive $10 directly to your account balance. Offer only applies to US customers. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk.

Buy $100 in Crypto and Get $10 Bonus
eToro
eToro USA LLC and eToro USA Securities Inc.

Get $100,000 Virtual Portfolio to Experiment

Get $100,000 Virtual Portfolio

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Which is Better: Acorns or eToro?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Acorns or Robinhood.

In short: Acorns' mobile app and ease of use are notable. In particular, the ease of use is outstanding.

Articles on Acorns

Acorn Investing

Acorns automatically invests your spare change. But can it help make you money? Find out if this app is safe and legit.

Apps Like Acorns

Acorns is one of the best micro-investing apps out there. But is it for everyone? Read on to see some of your alternatives.

Is Acorns Safe

Acorns lets you invest spare change from every purchase. But is it safe to use? Learn just how secure the micro-investing app is.

How to Make Money Using Acorns

Acorns "rounds up" everyday purchases and invests it for you. What's the catch? Read this review to find out how to make money using the app.

Articles on eToro

eToro Review

eToro is a stock and crypto exchange known for its CopyTrading feature. Find out if it's worth the fees and how it compares to other platforms.

eToro vs Interactive Brokers

eToro and Interactive Brokers (IBKR) are two popular platforms where you can invest your money. But which of the two is the right one for you?

How To Delete an eToro Account

Want to close your eToro account? How can you do it? What does it cost? Follow this step-by-step guide to delete your eToro account.

Best eToro Traders

You can copy experienced traders on eToro. But there are so many to choose from. Who are the best eToro traders to follow? Read the full review.

How to Buy Bitcoin on eToro

Want to buy Bitcoin on eToro? Read this easy-to-follow guide to get started.

eToro Alternatives

eToro is a popular cryptocurrency trading app known for its CopyTrading feature. But it isn't right for everyone. Find your best eToro alternative here.

Comments

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