The Top 8 Acorns Alternatives & Comparable Apps. Are you discovering Acorns-like applications or Acorns substitutes? Do you want to discover which app has the best features? Rest assured that we will help you with it. The top 8 Acorns alternatives are listed in this post to make investing simpler.
The easiest, most dependable, and most effective way to save money is through automatic saving programs. Every program mentioned in this post offers a customized portfolio, allows you to trade your own stocks, lets you view your portfolio, and lets you make investments.
8 Best Apps like Acorns & Acorns Alternatives
In this article, you can know about Acorns Alternatives here are the details below;
Let’s first discuss the Acorns app and how to use it for investing before moving on to further specifics.
Describe acorns.
You can get going with Acorns in a matter of minutes and invest spare pennies through automatic roundups. This indicates that your funds will be automatically put into one of its well crafted, diversified ETF portfolios. Five unique products are available from Acorns: Spend, Invest, Early, Later, and Found money.
Once you’ve registered for an Acorns account, it’s recommended that you invest in one of the many pre-built portfolios available and link a credit or debit card to your account.
You can link as multiple cards or accounts as you’d like, but remember that all roundups will be taken out of the same linked checking account. Continue reading to learn more about the top 8 Acorns alternatives.
Betterment
Betterment is an American company that provides cash management and Robo-advising services. Its primary offering is automated goal-based investing, which uses a regulated portfolio of passively managed stock and exchange-traded funds for fixed income. This is another Acorns Alternatives. Also check Drift Live Chat Alternatives
It offers tax-advantaged and taxable investment accounts, including traditional accounts and IRAs (Roth Individual Retirement Accounts).
The three businesses that make up its current business strategy are a platform for advisers, retail investments, and a 401(k) for mid-market companies. Checking and savings accounts, as well as human financial counselors, have recently been offered as additional services.
Users who select additional support can receive guidance from licensed financial consultants over the phone.
Key Features
- To users who opt for further support, it offers over-the-phone counsel from its licensed, individualized financial advisors.
- Its main retail platform provides services for trusts, taxable investment accounts, individual retirement accounts, and tax-coordinated asset location.
- Both individual and joint non-retirement accounts are available.
- ETFs from more than 13 asset classes are used in the core portfolio.
- Deposits made automatically can happen weekly, bimonthly, or monthly.
- Portfolios for SRI income and smart beta are available.
- Exchange-traded funds with low fees that span many asset types.
Fees: There are two distinct plans, each with a unique management charge.
- Improved Digital It has a yearly fee of 0.25%. The entry-level product from Betterment with online tools and advice.
- Betterment Premium: It has annual fees of 0.40%. For account monitoring, you’ll have access to a group of licensed financial advisors, as well as limitless emails and phone calls.
Public.com
Use Public.com to follow other seasoned investors, friends, and successful businesspeople. You may also find firms to believe in and invest in with as little as $1. It is among the greatest commission-free stock and ETF trading apps for Android and iOS.
To handle the background administrative tasks of operating Public user accounts, it employs a third party called Apex Clearing.
Despite making it free and simple to buy and sell stocks and ETFs, certain of its features are limited when compared to those of other companies that also let you trade stocks and ETFs without paying any costs.
Key Features
- Users can view what other users are investing in and buy stocks, fractional shares, and other securities.
- It provides access to more than 5,000 stock options from which to choose.
- You can easily buy & sell stocks without having to pay exorbitant commissions or fees.
- The Public app allows you to access data and fundamental details about each supported stock.
- There are no minimum investment requirements.
- You can monitor financial news and look for other investors with similar interests.
Fees: Investors who purchase and sell stocks on Public.com are not subject to any commissions or trading fees.
Robinhood
One of the greatest apps similar to Acorns is Robinhood, which is well recognized for starting commission-free trades of stocks & exchange-traded funds via a mobile app. This is another Acorns Alternatives.
It typically doesn’t support trading in over-the-counter securities; instead, it typically supports trading in stocks and ETFs listed on the Nasdaq and the New York Stock Exchange.
Additionally, it will help you in better comprehending the financial market, enabling you to make commission-free stock, fund, and option investments. The savings and checking accounts, according to Robinhood, would pay a 3% yearly interest rate.
Key Features
- Buy & trade digital currencies such as Bitcoin, Ethereum, Litecoin, and Dogecoin.
- You can invest in funds, stocks, & options for free if you can better comprehend the financial market.
- Before purchasing a stock, you will have access to real-time market data, pertinent news stories, and analyst ratings.
- To assist you in making your money work harder for you, it offers a wide choice of goods.
- It provides both web and mobile platforms.
- There are no minimum investment requirements.
Fees: Robinhood doesn’t charge any fees to open, maintain, or transfer money to your account, making investing with them commission-free.
M1 Finance
M1 Finance offers a robo-advisory investment platform, just like Betterment. It has a variety of accounts, including lines of credit, brokerage accounts, and digital checking accounts. For the trading of financial assets, such as preferred stocks, exchange-traded funds, common stocks, and fractional share ownership, M1 Finance offers an electronic trading service. This is another Acorns Alternatives.
Additionally, it provides cash management services, such as debit cards, automatic rebalancing, automatic dividend reinvestment, and margin lending. For those who wish to access both self-directed trading and automatic investing, it may be the best option.
Key Features
- You may manage your transactions with only a few touches by setting up a system of automated rules.
- Your borrowing, investing, and spending can all be optimized.
- It provides services for both self-directed trading and automated investing.
- M1 checking account, quickly access your funds, and effortlessly transfer funds across assets with your
- Use its clever automation tools to schedule investments in your portfolio using any stock or ETF for free.
Fees: To build a portfolio from a long range of ETFs and equities with low expense ratios, which average between 0.6% and 0.20%, M1 Finance does not charge any trading fees or management fees.
With higher welfare rates on checking & savings accounts, lower interest rates on loans, and cashback on debit card transactions, its premium version, M1 Plus, costs $125 annually. Accounts with less than $20 and accounts that have been dormant for 90 days will also be assessed a maintenance fee.
Stash Invest
American financial company Stash runs a web platform as well as mobile apps. It makes investing simple, which makes wealth accumulation simple. Users can buy tiny shares of thousands of equities and more than 80 exchange-traded funds for as little as $0.01 each. Also check Firebase Alternatives
Users can also invest in custodial accounts, brokerage accounts, regular IRAs, Roth IRAs, and retirement accounts. Additionally, it provides automatic investment and financial education.
Key Features
- With fractional shares, you have the option of investing any amount.
- Your financial objectives may be met with the aid of its automated investing solutions.
- It provides a bank account along with a debit card called the Stock Bank Card that grants you stock in well-known companies.
- It provides a variety of resources, such as a retirement calculator, diversification analysis, stock-back incentives, and more.
- Through a subscription approach, it offers banking, custodial accounts, retirement, and individual investment.
Fees: For advice, Stash costs 0.25 percent annually. Stash Beginner ($1/month), Stash Growth ($3/month), and Stash Plus ($9/month) are its three long-term investment paid plans.
SoFi
In addition to offering a combination of financial products through their desktop and mobile app interfaces, SoFi is one of the finest apps like Acorns. These products include refinancing, personal loans, student loans, credit cards, mortgages, home loans, wealth management, investing, and banking. This is another Acorns Alternatives.
SoFi offers life insurance, homeowners insurance, renters insurance, and vehicle insurance through partnerships with various other third-party insurance providers, including Lemonade Inc. Additionally, they provide cash management accounts and a brokerage and Robo-advisor service-based investment platform.
Key Features
- It provides trading for more than 17 additional crypto assets, including Ethereum, Bitcoin, and Litecoin.
- A hybrid savings/checking account is used by its online cash management account.
- It enables customers to keep tabs on their bank accounts. Balances on loans, credit cards, and investments.
- It offers passive automatic advisor and active stock trading as its two investment options.
- Certified financial planners are available to you without charge.
- It comes with a debit card that enables customers to withdraw money.
Fees: Since SoFi is a fee-free investment platform, there are no management or overhead costs. The fee for bitcoin transfers is, however, 1.25%.
Fidelity
The American financial company Fidelity runs a brokerage, manages a sizable number of mutual funds, provides fund allocation and investment advice, index funds, cryptocurrency, asset custody, retirement services, wealth management, securities execution & clearance, life insurance, and cryptocurrency.
Additionally, it manages a principal brokerage business and maintains investors centers in more than 140 sites around the country. Banks & trusts, registered investment advisors, correspondent broker-dealers, and other institutions are among the clients of Fidelity Investment. This is another Acorns Alternatives.
Key Features
- With your personalized feed, you may rapidly review news pertaining to your assets and hobbies.
- Under the activity section of your accounts, you may manage your orders, pending transactions, and history.
- Push notifications and the message center both offer the option of timely, personalized alerts.
- In order to help clients increase their returns on investments, it has sharpened its focus on execution quality and cash management.
- For stocks and ETFs, you can use a number of pre-set screens that might help you find potential investments.
Fees: Fidelity offers over 3,400 mutual funds with no transaction fees and a $0 trading commission option. On stocks & options, it costs $0.65 each contract.
Wealthfront
An automated investment service is Wealthfront. Wealthfront is a robo-advisor, commonly referred to as an automated investing service or online advisor, just like Betterment and M1 Finance.
The addition of the Grayscale Ethereum Trust and Grayscale Bitcoin Trust allows users to invest up to 10% of their portfolios in cryptocurrencies. With the introduction of Autopilot, it has made significant progress toward its goal of creating self-driving money that manages bank accounts and transfers money.
Key Features
- You can easily alter your allocations or investments at any moment.
- It can transfer money for you and automatically split your paycheck using direct deposit.
- Discover hundreds of funds in sectors like social responsibility, healthcare, sustainable energy, technology, and cryptocurrencies.
- You can alter your Wealthfront portfolio by removing or adding ETF holdings, or you can start from scratch and design your entire portfolio.
Fees: No fees are assessed by Wealthfront for the opening of accounts, trading or commissions, withdrawals, account closures, or account transfers. For investment accounts, it imposes an annual advisory fee of $0.25%.
Which One Fits You Best?
Artificial intelligence is used in the development of robo-adviser apps like Betterment, Sofi, M1 Finance, and Wealthfront to provide personalized investment advice. While internet brokers like Stash Invest, Robinhood, Fidelity, and Public.com enable independent stock trading and management.
The alternatives to Acorns listed in this post are all fantastic investing services. So, it really is up to you to select the location that best suits your wants and expectations. Remember that some of these applications charge administration or investing fees.
Final Thoughts: We sincerely hope that the above information on the eight greatest apps similar to Acorns has assisted you in choosing the solution that best suits your preferences.
FAQs
Who are Acorns’ rivals?
A few examples include Betterment, Robinhood, Public.com, Stash Invest, Fidelity, Wealthfront, and SoFi.
Robinhood is it real?
Robinhood is legitimate and very safe. Your money is safe and secure on Robinhood.
Is utilizing Acorns worthwhile?
For novice investors, Acorns provides a great platform for instruction.
Can you make money using Wealthfront?
Yes, it offers the ideal investment portfolio using a research-based algorithm.
Are Fidelity’s fees excessive?
No, Fidelity charges no trading commissions or other fees for stock trading.