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.

	Interactive BrokersRobinhood
	Learn More	Visit Site
	Interactive Brokers	Acorns
	SPECIAL OFFER Referral Program - $200 Bonus - Learn More Read Interactive Brokers Review	SPECIAL OFFER $20 Investment Bonus - Learn More Read Acorns Review
	Benefits and Features
Savings		No
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)	No
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
Cryptocurrency Trading		No
Minimum Deposit	$0	$0
Checking		Yes
Mutual Fund Trading	$0 for no-transaction-fee funds. For transaction-fee funds, 3% trade value OR $14.95, per transaction, whichever is less, for transaction-fee funds	No
Commission Free ETFs	150+	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
Tax Loss Harvesting		No
Goal Tracker		Yes
Automatic Deposits		Yes
Broker Assisted Trades	$30	Acorns automatically invest and trade for you
Good For		Beginners; Passive investors; Those who have trouble saving/investing on their own
Inactivity Fee	$0	None, but you will keep paying the monthly fee
Maintenance Fee	$0	Monthly fee for the service
Online Platform		Yes
iPhone App		Yes (4.7 stars, 760k ratings)
Android App		Yes (4.3 stars, 156k ratings)
Banking	No	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	Yes	iOS & Android
Desktop App	Yes
Two-Factor Authentication		Yes
Forex Trading	Available for qualified customers
Futures Trading	Yes
Customer Service	United States: Monday-Friday 8am - 10pm ET; Sunday 1pm - 7pm ET (24/7 Weekday service available in other countries)
Locations	No	No
Online Community	Yes	No
Seminars	Yes	No
Virtual Trading	Yes	No
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
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: Large number of investments, including options, futures, and forex Customize trading platform Tools and opportunities for research Cons: Platform can be too much for a beginner to understand Complicated pricing structure	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	Good discount broker for experienced, high volume traders... Read full review	Investment app that automatically invests your spare change. Good for young investors to get into the habit... Read full review
	Learn More	Visit Site
	Referral Program - $200 Bonus	$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. Interactive Brokers: Pricing information from published websites as of 10/17/2023. Acorns: Pricing information from published website as of 09/28/2020.

$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

Try Acorns Today!

Get Deal

Acorns Invest: Invest Spare Change

Automatically Save and Invest

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

Interactive Brokers offers a robust trading platform that experienced traders favor due to its competitive fee structure and extensive range of trading options.

• Interactive Brokers vs Robinhood

Articles on Acorns

Acorns

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

• Acorns vs Stash
• Acorns vs Betterment

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 Legit

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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