Acorns vs ZacksTrade

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 ZacksTrade? 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 ZacksTrade offers stock trades starting at $3 per trade, and options trading at $3 + $0.75 per contract. This discount broker is known for its robust research tools. There is an account minimum of $2,500, no maintenance fee, and no inactivity fee.

Compare Acorns with ZacksTrade, side-by-side.

	Acorns	ZacksTrade

	Visit Site	Learn More
	SPECIAL OFFER $20 Investment Bonus - Learn More Read Acorns Review	Get Up to $150 Transfer Fee Credit - Learn More
	Benefits and Features
Savings	No
Stock Trading	Part of service fee. No add-on trading fees.	Greater than $1 per share: $0.01 per share, $1 minimum; Less than $1 per share: 1% of Trade Value, $1 minimum
Options Trading	No	$1 for First Contract + $0.75 per additional
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 Acorns Early account, and 3% IRA match on Acorns Later contributions
Cryptocurrency Trading	No
Minimum Deposit	$0	$2,500
Checking	Yes
Mutual Fund Trading	No	$27.50 (Greater than $1 per share)
Commission Free ETFs	A selection automatically chosen by Acorns
Phone Support	Yes
Live Chat Support	No
Email Support	Yes
Human Advisors	No
Robo Advisor	Yes
Assets Under Management	$4.7 Billion
Penny Stocks		Less than $1 per share: 1% of the principle, $1 minimum.
Tax Loss Harvesting	No
Goal Tracker	Yes
Automatic Deposits	Yes
Broker Assisted Trades	Acorns automatically invest and trade for you	No extra charge
Good For	Beginners; Passive investors; Those who have trouble saving/investing on their own
Inactivity Fee	None, but you will keep paying the monthly fee	$0
Maintenance Fee	Monthly fee for the service	$0
Online Platform	Yes
iPhone App	Yes (4.7 stars, 760k ratings)
Android App	Yes (4.3 stars, 156k ratings)
Banking	Included 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, iOS & Android
Desktop App		ZacksTrader & ZacksTradePro
Two-Factor Authentication	Yes
Forex Trading		No
Futures Trading		No
Customer Service		9am - 6pm ET - Call (312) 265-9406 (local) or (888) 979-2257 (toll free)
Locations	No	No physical locations
Online Community	No
Seminars	No
Virtual Trading	No	Can request demo account pre-loaded with $1 Million in paper trading funds. Access for 90 days.
Fractional Shares	Yes
Taxable Accounts	Yes
401k Plans	No
IRA Accounts	Yes
Roth IRA Accounts	Yes
SEP IRA Accounts	Yes
Trust Accounts	No
529 Plans	No
	CreditDonkey® Reviews

Annual Fee
Minimum Deposit
Mobile App
Customer Service
Ease of Use
Pros & Cons	Pros: 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
Bottom Line	Investment app that automatically invests your spare change. Good for young investors to get into the habit... Read full review
	Visit Site	Learn More
	$20 Investment Bonus Try Acorns Today! Acorns Invest: Invest Spare Change
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 11/29/2024. ZacksTrade: Pricing information from published website as of 07/10/2020

$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

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Acorns Invest: Invest Spare Change

Automatically Save and Invest

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

Articles on Acorns

Acorn App Review

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.

Comments

Olivia Tabor from Texas
on April 2019 said about Acorns:
I have both Acorns and Robinhood and even though they each serve a different purpose I don't have the freedom of stock purchase that I really like. I believe Acorns diversifies for my needs more effectively.

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Acorns vs ZacksTrade

Acorns

ZacksTrade

Benefits and Features

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