Interactive Brokers vs Acorns
Interactive Brokers is a good discount broker for experienced, high volume traders. . How does it compare to Acorns? Read our comparison chart below.
Interactive Brokers offers trades starting at just 0.5 cents per share. It also offers a tiered pricing plan that awards high volume traders with even lower rates. There is a $10,000 opening account minimum ($3,000 for clients 25 and younger). There is a monthly activity fee unless required commission minimums are met.
While 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.
Compare Interactive Brokers with Acorns, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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| Learn More | Visit Site | |
Interactive Brokers | Acorns | |
|---|---|---|
Referral Program - $200 Bonus - | $20 Investment Bonus - | |
Benefits and Features | ||
| Savings | ||
| Stock Trading | IBKR Lite: $0 per share (min $0 per order) IBKR Pro - Fixed: $0.0005 per share (min $1.00 per order, max 1.0% of trade value) IBKR Pro - Tiered: Starts at $0.0035 per share for less than 300,000 shares (min $0.35 per order, max 1% of trade value) | Part of service fee. No add-on trading fees. |
| Options Trading | $0.15-$0.65 per contract ($1 minimum per order) | |
| Annual Fee |
| |
| Cryptocurrency Trading | 0.12% to 0.18% of trade value ($1.75 minimum per order) | |
| Minimum Deposit | ||
| Checking | ||
| Mutual Fund Trading | $0 for no-transaction-fee funds. For transaction-fee funds, 3% trade value OR $14.95, per transaction, whichever is less | |
| Commission Free ETFs | A selection automatically chosen by Acorns | |
| Phone Support | ||
| Live Chat Support | ||
| Email Support | ||
| Human Advisors | ||
| Robo Advisor | ||
| Assets Under Management | ||
| Tax Loss Harvesting | ||
| Goal Tracker | ||
| Automatic Deposits | ||
| Broker Assisted Trades | Acorns automatically invest and trade for you | |
| 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 | |
| Maintenance Fee | ||
| Online Platform | ||
| iPhone App | ||
| Android App | ||
| Banking | Included in Acorns Bronze ($3/mo). Free metal debit card, no minimum balance, no overdraft fees, and 55,000+ fee-free ATMs nationwide. | |
| Mobile App | ||
| Desktop App | ||
| Two-Factor Authentication | ||
| Forex Trading | Available for qualified customers | |
| Futures Trading | ||
| Customer Service | United States: Monday-Friday 8am - 10pm ET; Sunday 1pm - 7pm ET (24/7 Weekday service available in other countries) | |
| Locations | ||
| Online Community | ||
| Seminars | ||
| Trading Platform | Desktop, Web Trading, Mobile Apps | |
| Virtual Trading | ||
| Fractional Shares | ||
| Taxable Accounts | ||
| 401k Plans | ||
| IRA Accounts | ||
| Roth IRA Accounts | ||
| SEP IRA Accounts | ||
| Trust Accounts | ||
| 529 Plans | ||
CreditDonkey® Reviews | ||
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| Stock Trading |  | |
| Options Trading | | |
| Mutual Fund Trading |  | |
| Online Platform | | |
| Banking | | |
| Mobile App | |  |
| Commissions and Fees | | |
| Ease of Use | | |
| Research | | |
| Annual Fee | | |
| Minimum Deposit | | |
| Customer Service | | |
| Pros & Cons | Pros:
| Pros:
|
| Bottom Line | Good discount broker for experienced, high volume traders... | Investment app that automatically invests your spare change. Good for young investors to get into the habit... |
| Learn More | Visit Site | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Interactive Brokers: Pricing information from published websites as of 10/17/2023. Acorns: Pricing information from published website as of 11/29/2024. | ||
$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
Which is Better: Interactive Brokers or Acorns?
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Interactive Brokers or Robinhood.
In short: Acorns' ease of use is outstanding.
Articles on Interactive Brokers
Interactive Brokers Review
Articles on Acorns
Acorns
Apps Like Acorns
Is Acorns Legit
How to Make Money Using Acorns
Comments
Olivia Tabor from Texas
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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