If you are looking for the best Acorns competitors to open a brokerage account, this post is going to show you what the top apps like Acorns are.
When it comes to finding the best Acorns competitors or top apps like Acorns, finding an investment app that is right for your needs is crucial.
The key is identifying your investment goals and then finding a broker the offers you the right investment account to help achieve your short term or long term investing goals.
What is Acorns
Acorns is a popular micro investing app that is specially designed for new investors to the stock market. Acorns automatically invests your spare change and offers cashback at select retailers. It is one of the best investment apps like Robinhood.
The app has an easy-to-navigate interface. Unlike other Robinhood alternatives on the list, their fees are on the high side. However, its automatic savings features help people save more towards investing.
Pricing/Commission
Acorns charges $1-$3 fee per month to trade stocks, depending on the account type you choose
Account Minimum
$0 amount required to open an account
Best for
Acorns app is best for new investors and those who want a lucrative app bonus for being a new user
Related: Best Stock Broker Promotions, Deals, & Bonuses
Is there a better app than Acorns?
Acorns is really simplifies investing and enables users to start micro investing without the need of much knowledge or experience.
That being said, if you want to pick your own stocks and build your own investment strategies — there are better suited investing apps to pick from.
Best Acorns Competitors
Here are our top apps like Acorns if you are looking for the best Acorns alternatives.
1. Robinhood
So is Acorns better than Robinhood? The answer really depends on your investment strategy.
Robinhood platform and app is the most popular investment app that started offering free online traders in 2015. However, Robinhood’s competitors started offering commission-free trades soon, too, so zero-commission fee trading is now not special as it has become industry standard.
Although Robinhood remains the leader when it comes to investment apps, some investment apps like Robinhood also score well on user experience and other areas.
Pricing/Commission
The minimum amount required to open an account with Robinhood is $0. It does not charge any fees to trade stocks. You can even buy Bitcoin and other cryptos on the platform.
Account Minimum
No amount is required to open an account.
Best for
In a nutshell, Robinhood is best for mobile users, individual taxable accounts and margin accounts.
2. M1 Finance
M1 Finance is a very easy-to-use app that allows you to invest your way so you can build wealth your way. The app allows you to build a custom portfolio by choosing the stocks and funds from more than 80 expert portfolios. M1 Finance offers various types of accounts, such as brokerage accounts (Individual and Joint), retirement accounts, trust accounts and custodial accounts.
The app enables you to buy fractional shares. You can choose from over 6,000 stocks and ETFs that are listed on NYSE and the NASDAQ exchanges. You can automate your contribution. The platform will also rebalance your portfolio for you.
Pricing/Commission
No fees to trade stocks or asset management fees.
Account Minimum
No amount is required to open an account.
Best for
M1 Finance app is best for those who want to create portfolios containing low-cost ETFs or use individual stocks – or both.
3. eToro
The eToro trading platform and app is one of the best Robinhood alternatives. The platform is used and trusted by tens of millions of worldwide users. Once you register to the site, you will have access to over 2,400 assets from major worldwide exchanges.
The eToro app is one of the top apps like Robinhood. The app offers the power of social investing. Join over 25M people on the world’s largest social investing platform where you can purchase cryptos like Shiba Inu or Bitcoin, stocks, and beyond.
Pricing/Commission
Zero commission or fee to trade stocks
Account Minimum
$50 minimum amount required to open an account in many countries, including the U.S.
Best for
The eToro platform and app is best for all levels of investors and traders.
4. Webull
Webull is an app-based trading platform and one of the best Robinhood alternatives that offers zero fee, zero commission and requires no minimum amount to open an account. However, Webull does not allow you to buy fractional shares.
The platform is easy to navigate, so it offers a great user experience. Webull offers extended trading hours, so is is good for active traders. There are no trading fees and minimum amount required to open an account.
Pricing/Commission
Zero fees to trade stocks
Account Minimum
$0 amount required to open an account
Best for
Webull app is best for active traders
5. Public
Public is a commission-free stock brokerage company. You can build your investment portfolio using the Public app. It allows you to invest in fractional shares of stocks and ETFs. It is a free investment platform that is particularly suitable for new investors.
If you want to buy fractional shares, i.e. buy less than a whole share of any particular stock, it is for you. It is one of the best Robinhood alternatives. Within the Public app, you can see other traders’ trading activity so you can copy their strategy completely or get trading ideas from their strategy.
Pricing/Commission
$0 commission or fee to trade stocks
Account Minimum
$0 amount required to open an account
Best for
Public app is best new investors
6. Stash
Stash is a popular online brokerage firm and one of the best Acorns alternatives if you are interested in a personal finance app that can help anyone improve their financial life. From budgeting to saving for retirement, Stash unites banking, investing, and advice all in one app that helps over 6 million reach their financial goals–all for one low monthly price.
Pricing/Commission
Stash charges a $3-$9 per month fee to trade stocks, depending on what services and account types you are looking for
Account Minimum
Invest any dollar amount
Best for
The Stash app is best for complete beginner investors or traders
Paid non-client endorsement. See Apple App Store and Google Play reviews. View important disclosures. Nothing in this material should be construed as an offer, recommendation, or solicitation to buy or sell any security. All investments are subject to risk and may lose value.
7. SoFi Invest
With SoFi Invest, you can get started investing with as little as $5. They allow you to buy and sell stocks of your own choosing. Its automated investing option offers one of the best robo advising platforms. The platform also provides free educational seminars and meetings with financial advisors.
SoFi offers individual investment accounts, joint accounts (held by two people) and a range of retirement accounts and rollover options. Once you download the app and open an account, you can get up to $1,000 in free stocks.
Pricing/Commission
$0 commission or fee to trade stocks
Account Minimum
$0 amount required to open an account
Best for
The SoFi app is best for new investors
9. MooMoo
The MooMoo app is a 0% commission professional trading platform that is free and easy to use. The platform provides free in-depth market data and useful analytical tools to help you make smart investment decisions.
MooMoo offers free stocks (depending on terms and conditions) to new customers if they open a brokerage account during the promotion period.
Pricing/Commission
MooMoo offers $0 commission or free to trade stocks
Account Minimum
No minimum amount required to open an account
Best for
The MooMoo app is best for both beginners and experienced traders
10. Gatsby
Gatsby is an app that allows you to trade stocks and options. The platform also allows their users to earn rewards points for each eligible trade they do. They can then redeem their rewards points for cash at the end of each month. It offers
The app has an easy, clean interface, so it is very easy to use. The Gatsby platform does not support IRA accounts.
Pricing/Commission
$0 commission or fee to trade stocks and options
Account Minimum
$0 minimum amount required to open an account
Best for
The Gatsby app is best for investors or traders who are interested in trading options
11. Wealthsimple
The Wealthsimple app is a popular investing app that has an easy-to-use interface. Users can build a personalized diversified portfolio (including socially responsible and halal/Shariah-compliant options) specific to their goals.
Users can invest in fractional shares through the Wealthsimple app. It offers automatic rebalancing and expert financial advice. Overall, this is a popular and one of the best trading and investing apps like Robinhood.
Pricing/Commission
0.5% fees for balance $99.999 and less, and 0.4% for balances above $100,000
Account Minimum
$0 minimum amount required to open an account
Best for
The Wealthsimple app is best for beginner investors and socially responsible investors
12. Stockpile
Stockpile is an app-based brokerage firm that offers a simple, streamlined interface to buy and sell stocks and ETFs easily. It is a great platform for newbie investors who want to build diversified portfolios. Stockpile, however, does not offer a broad range of products.
Stockpile was built with young people in mind to encourage them to start trading early. The platform offers gift card options and custodial accounts to help kids and teens learn about investing early in stocks.
Pricing/Commission
Stockpile charges $0.99 fees to trade stocks
Account Minimum
There is no minimum amount required to open an account
Best for
This app best for young investors looking to invest in stocks
13. E*TRADE
With an E*TRADE brokerage account,you can start trading immediately. This trading platform works best for advanced traders, intra day traders, derivative traders and those saving for retirement.
You can trade on mobile or trade using the website through the platform.
Pricing/Commission
you will pay $0 fees/commissions to trade stocks, ETFs and options trades with E*TRADE
Account Minimum
$0 amount required to open an account
Best for
This trading platform works best for advanced traders, intraday traders, derivative traders and those saving for retirement.
14. Charles Schwab
Charles Schwab is a popular and one of the leading online brokerage platforms when it comes to trading stocks online. It offers three trading platforms, including two mobile apps and a browser-based platform.
Charles Schwab offers a wide range of products for all investors and traders. Charles Schwab is particularly good when it comes to retirement savings as it offers better account types. It has a highly rated app-based platform called Schwab Mobile which is one of the best apps like Robinhood.
Pricing/Commission
$0 commission or fee to trade stocks
Account Minimum
$0 amount required to open an account
Best for
Schwab Mobile (Schwab’s app) is best for both beginner investors and advanced traders and specifically for those looking to save for retirement
15. Fidelity
Fidelity is one of the largest brokerages in the U.S. Using your Fidelity mobile app you can invest in fractional shares. The app lets you access your investment account whenever and wherever you want.
You can trade anytime, anywhere with the Fidelity app or mobile platform. You can use its app on your mobile device to contribute to your IRA.
Pricing/Commission
$0 commission or fee to trade stocks
Account Minimum
$0 amount required to open an account
Best for
Fidelity app/site is best for frequent traders and beginner investors
16. Ally Invest
Ally is one of the best Robinhood alternatives that offers a wide range of investment choices. The platform also offers a wide selection of resources, including advanced charting tools to help investors make the right investment decisions.
Users have access to advanced charting tools and numerous calculators.
Pricing/Commission
Ally Invest offers $0 commission or fee when trading on eligible U.S.-listed stocks and ETFs
Account Minimum
$0 account minimum required to open an account
Best for
This app is best for investors of all experience levels, i.e. both new and experienced investors and traders.
17. TD Ameritrade
TD Ameritrade is one of the best Robinhood alternatives when it comes to stock trading online. TD Ameritrade and Charles Schwab are now part of a single company. The platform offers more trading options than Robinhood, and does not charge a commission or fee to trade stocks online.
It is one of the easiest trading platforms you can use on both mobile and desktop. The platform offers a wide selection of products to choose from to build your portfolio. Trading fees for options are comparable to most other platforms, which helps keep investment costs low. TD Ameritrade doesn’t offer fractional shares, but the options for stock research are tremendous.
Pricing/Commission
TD Ameritrade does not charge commission or fees to trade stocks
Account Minimum
$0 minimum amount required to open an account
Best for
The TD Ameritrade app is best for all levels of investors, especially self-directed investors and traders
The Best Acorns Alternatives
If you are like many people, worried about losing the great features Acorns does offer, these are the best Acorns alternatives.
Whether you are trading exchange-traded funds or just want to start investing money with a stock trading app, there is something here for just about anyone.
But make sure you do your research to understand all the many types of brokerage accounts, so you can make sure you are choosing the right investment app for your needs.
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