Acorns vs Fidelity

Acorns vs Fidelity Comparison Table 2024
Acorns Fidelity
3.2
3.5

Acorns is a US-based investment platform launched in 2012. This SEC-registered firm aims to make investing more accessible for anyone looking to start small, catering to a range of savings goals. With over 9 million clients, the firm has earned a strong reputation and is backed by a number of well-known investors and economists.

Fidelity is a popular financial services firm that provides investment accounts and pensions with access to thousands of stocks, ETFs and mutual funds to clients based in the US, Europe and Asia. Fees vary by asset and account country, but are generally competitive, with zero-commission trading available on US stocks.

Bonus Offer
$5 None
Comment by Reviewer
"Acorns will meet the needs of US traders looking for flexible investment portfolios with simple flat fees and low entry requirements." "Fidelity is a great match for long-term investors who want an affordable platform to build their pension or investment portfolios. The SEC and FCA oversight are also good signs that the brokerage is regulated and trustworthy."
Pros
  • Acorns Visa debit card included with all subscriptions plus a banking and investing app
  • Earn bonus investments from popular brands when you shop their offers using your Acorns card
  • Strong regulation from the SEC and membership with FINRA/SIPC, plus FDIC insurance up to $250,000
  • Flat $3 monthly fee, plus no hidden charges, minimum balance fees or overdraft penalties
  • Five risk levels from Conservative to Aggressive and a range of savings accounts
  • Bitcoin-linked ETF offering exposure without owning BTC
  • Welcome bonuses and financial incentives
  • Excellent list of stocks and funds to choose from
  • Very competitive pricing compared to largest rivals
  • Good list of account types to suit various types of investor
  • Uninvested cash is automatically put into a money market fund
  • Trusted global brand with strong regulation from SEC & FCA
  • Tax-efficient vehicles are available including ISAs
Cons
  • Cannot manually change or choose investments
  • Narrow choice of trading instruments with no forex
  • Monthly fee might be high for those with smaller balances
  • US clients accepted only
  • No forex or CFD trading
  • There is no demo account
  • Less suitable for short-term day trading
  • Presentation of data is overly complicated
  • No trading platform for non-US clients
  • The $1000 minimum deposit for international clients is high
Awards
  • Boring Money Best Buy 2021 – Pension
  • Boring Money Best for Beginners Pension 2021
  • Boring Money Best for Beginners ISA 2021
  • Boring Money Best for Low - Cost Pension 2021
  • Online Personal Wealth Awards - Best Retirement Adviser 2021
  • Shares Awards 2020 - Best Execution-Only Stockbroker of the Year
Instruments
Stocks, ETFs, Bonds ETFs, Mutual Funds, ISAs, Pensions, Stocks, Indices
Demo Account
No No
Minimum Deposit
$0 $0
Trading Platforms
  • Own
  • Own
Payment Methods
Minimum Trade
$5 £25
Regulator
SEC, FINRA FCA, SEC
Margin Trading
No No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
Yes Yes
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS & Android Fil Mobile App
Copy Trading
No No
Social Trading
No No
Trade Signals
None
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
Yes Yes
Guaranteed Stop Loss
No No
Islamic Account
No No
Account Currencies
  • USD
  • USD
  • GBP
Stock Exchanges
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