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Broker Comparison

Acorns vs Freedom24

Compare Acorns and Freedom24 side by side: fees, regulation, platforms.

Acorns

Acorns

Hands-off investors who want automated ETF portfolios

Acorns is an automated saving and investing app with ETF portfolios, Round-Ups, retirement accounts, and pric…

VS
Freedom24

Freedom24

Investors seeking stocks, ETFs, bonds and options

Freedom24 offers stocks, ETFs, bonds, futures and stock options through a web platform and mobile app.

Head-to-head comparison

Acorns vs Freedom24
Feature Acorns Freedom24
Minimum deposit No minimum opening deposit or minimum balance required for Mighty Oak and Emergency Savings banking services —
Stock trading fee No commissions —
Regulators SEC, FINRA CySEC
Best for Hands-off investors who want automated ETF portfolios Investors seeking stocks, ETFs, bonds and options
Markets & account
Stocks
ETFs
Bonds
Options
—
Futures
—
Investment Plans
—
Ready Made Portfolios
—

Pros & cons

Acorns

Acorns

Pros

  • Round-Ups invest spare change once it reaches at least $5
  • Automatic rebalancing keeps Base portfolio allocations on track
  • Dividends are automatically reinvested
  • No hidden costs, transaction fees, or commissions stated
  • Checking has no overdraft, maintenance, or AllPoint ATM fees
  • Gold adds individual stocks and ETFs to Custom Portfolios
  • SIPC protection up to $500,000 for Invest, Later and Early

Cons

  • Lowest listed subscription is $3/mo.
  • Gold costs $12/mo. for the full suite
  • Custom Portfolios are available only to Gold customers
  • Acorns Early Invest is a Gold subscription exclusive
  • Money Manager is available with Acorns Gold
  • No direct Bitcoin access; exposure is through BITO ETF
  • Investment products are not FDIC insured or bank guaranteed
Freedom24

Freedom24

Pros

  • Account opening is described as taking 10 minutes
  • Commission-free bank transfer funding is available
  • Stock options can be used to hedge positions
  • Limit and stop orders are supported
  • Expert-led educational courses are available

Cons

  • No cons listed
Acorns

Acorns

Acorns is an automated saving and investing app with ETF portfolios, Round-Ups, retirement accounts, and pricing from $3/mo.

Visit Acorns Read review

Your capital is at risk. Other fees apply.

Freedom24

Freedom24

Freedom24 offers stocks, ETFs, bonds, futures and stock options through a web platform and mobile app.

Visit Freedom24 Read review

Your capital is at risk. Other fees apply.

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