Axos Bank vs Acorns

Axos Bank vs Acorns Comparison Table 2024
Axos Bank Acorns
Not Yet Rated
3.2

Axos Bank offers investment opportunities in US stocks, ETFs and Mutual Funds on their proprietary trading platform.

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.

Bonus Offer
$5
Comment by Reviewer
"Acorns will meet the needs of US traders looking for flexible investment portfolios with simple flat fees and low entry requirements."
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
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
Instruments
Stocks, ETFs, Options Stocks, ETFs, Bonds
Demo Account
No No
Minimum Deposit
$500 $0
Trading Platforms
  • Own
  • Own
Payment Methods
Minimum Trade
$0 $5
Regulator
SEC SEC, FINRA
Margin Trading
Yes No
Margin Rate
5.5%
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
Yes No
Robo Advisor
No Yes
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
Axos App iOS & Android
Auto Trading
Yes
Copy Trading
No No
Social Trading
No No
Trade Signals
TipRanks
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes No
Custodial Account
No Yes
Guaranteed Stop Loss
No No
Islamic Account
No No
Account Currencies
  • USD
  • USD
Stock Exchanges
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