Webull vs Acorns in 2024


Webull vs. Acorns Introduction


Acorns and Webull are two distinct brokerage firms. Be sure to read this comparison before opening an account with either.


Pricing


Broker Fees Stock/ETF
Commission
Mutual Fund
Commission
Options
Commission
Maintenance
Fee
Annual IRA
Fee
WeBull $0 na $0 $0 $0
Acorns na na na $3, $5, or $9 per month $3, $5, or $9 per month


Promotion Links


Acorns: Get Acorns absolutely free and a $20 bonus.

Webull: Get up to 40 free stocks when you deposit money at Webull!



Investment Methods


Acorns provides robo-advisory accounts, focusing solely on managed services with a selection of ETFs. It does not offer self-directed trading. Acorns has incorporated a cryptocurrency ETF, offering exposure to digital currencies.


Acorns vs Webull


In contrast, Webull offers exclusively self-directed accounts, allowing users full control over their investments. Webull supports a wide range of investment products including:

  • Stocks
  • ETFs
  • Options
  • Closed-end funds
  • ADRs
  • REITs

Winner: Webull


Education and Research


Acorns emphasizes financial education, offering a variety of resources suitable for young investors. Its materials cover topics like credit management, budgeting, and investment basics.

Webull provides extensive research tools and security analysis capabilities, far more detailed than Acorns, including real-time data, analyst recommendations, and advanced stock screening tools.

Winner: Evenly matched, depending on user needs


Margin Accounts


Webull offers margin trading with competitive rates and detailed margin information directly accessible within its trading platforms. Minimum equity of $2,000 is required for margin trading.

Acorns does not offer margin trading as it only provides managed services.

Winner: Webull


Websites


Acorns' website is designed for ease of use, focusing on account management without trading capabilities.


Acorns or Webull


Webull's website, supplemented by a robust browser platform, offers comprehensive trading tools and resources for a dynamic trading experience.


Webull vs Acorns


Winner: Webull


Mobile Apps


Both firms provide mobile platforms, with Acorns focusing on simplicity and integration of its financial services, and Webull offering advanced trading features and tools.


Webull vs. Acorns


Winner: Webull


Supplementary Services


IRAs: Both offer IRAs, with Acorns providing an SEP option.

Fractional Shares: Both support fractional share investing.

Banking Services: Acorns offers rich banking features including a debit card with investment rewards. Webull offers basic cash management services.

Dividend Reinvestment: Both offer automatic reinvestment of dividends.

IPO Access: Exclusive to Webull.

Winner: Acorns for banking, Webull for trading.


Recommendations


Beginners: Both are suitable, with Acorns providing an easier entry point for passive investors and Webull catering to those interested in active trading.

Small Accounts: Webull, with no minimums for brokerage accounts, is more accessible. Acorns requires $5 to start investing.

Active Trading: Webull is the clear choice for its comprehensive trading tools and capabilities.


Webull vs Acorns Summary


While Acorns offers strong educational and banking tools, Webull stands out for its robust trading technology and investment flexibility.


Open Webull Account



Open Webull Account

Open Acorns Account



Open Acorns Account

Updated on 7/24/2024.