E-Trade vs Acorns

E-Trade vs Acorns Comparison Table 2024
E-Trade	Acorns
Review 3.3	Review 3.2

E-trade is a one-stop shop that provides both investment and trading opportunities to clients through four proprietary platforms and apps. The firm has decades of experience and is authorized by the SEC. Investors can benefit from ready-made portfolios or open a do-it-yourself account to choose from stocks, funds, ETFs, futures and bonds; traders can access margin trading on stocks, options and futures.	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.
Customer Reviews
1 Based on 1 E-Trade customer reviews
Bonus Offer
Commission Free Trades	$5
Comment by Reviewer
"E-trade provides great service to anyone who wants to grow their wealth both through long-term investments and shorter-term trading, thanks to a diverse and flexible range of products. "	"Acorns will meet the needs of US traders looking for flexible investment portfolios with simple flat fees and low entry requirements."
Pros
Trade US stocks, ETFs and mutual funds with no commissions Build an investment portfolio and trade stocks and derivatives through one broker Good selection of extra features including data feed with input from leading third-party providers Regulated by top US organizations including the SEC Competitive fees and a transparent pricing structure Very diverse range of assets to invest and trade	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
High commissions on some products High threshold to qualify for the pro platform No fractional shares No demo account No forex trading	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, Futures, Options, Commodities, Bonds	Stocks, ETFs, Bonds
Demo Account
Yes	No
Minimum Deposit
$500	$0
Trading Platforms
MT4	Own
Payment Methods
Apple Pay Automated Customer Account Transfer Service Cheque Credit Card PayPal Western Union Wire Transfer	Credit Card Debit Card PayPal Wire Transfer
Minimum Trade
$10	$5
Regulator
SEC	SEC, FINRA
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
Yes	No
Robo Advisor
No	Yes
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
iOS, Android and Windows	iOS & Android
Copy Trading
No	No
Social Trading
No	No
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
Stock Exchanges
Chicago Mercantile Exchange	New York Stock Exchange
Commodities
Soybeans

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