Acorns vs. Robinhood: Which platform is best for beginner traders?

Asked 3 years ago

Which trading app is better for beginner investors?

Andrew Moran

Wednesday, November 10, 2021

Although both Acorns and Robinhood are attractive to novice investors, the two financial platforms utilize different methods.

So, for example, Robinhood is popular for self-directed and zero-commission investing. However, Acorns provides managed asset funds that you can invest in with spare change.

Ultimately, if you want to trade stocks, exchange-traded funds (ETFs), or cryptocurrencies, you will want to use Robinhood. But if you want to invest small sums of cash automatically without monitoring the markets, Acorns is a preferable option.

It is all about how much you want to participate and how knowledgeable you are regarding stocks and the intricacies within the financial markets.

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