Investing Simple Logo
Menu
Get Started on Robinhood With 1 Free Stock!
Robinhood is offering new users 1 free stock worth between $3 and $225 when you open an account and fund it with any amount of money.
Written by Ryan Scribner on June 1, 2021
Category: 
FTC Disclosure

Webull vs Acorns 2021: Best Investing App?

With so many new investing apps and trading platforms available today, it can be difficult to choose which one is the best for you. Recently, a variety of trading platforms have emerged. In this article, we are going to review two of the top free investing platforms available today; Acorns and Webull.

Acorns is a popular spare change round up app that makes saving and investing completely painless.

Webull is a commission free stock trading app that offers a lot of advanced tools and features.

While there are some similarities, these are largely two entirely different platforms. The choice between the two comes down to your investment strategy.

What Is Webull?

Webull is a commission-free stock and ETF trading platform that also offers options and short selling. It is a great platform for the active trader who is looking for a more dynamic user interface.

This app has a variety of features that benefit traders such as technical indicators, research agency ratings, financial calendars, and free margin trading as well as short selling. With easy access to margin, research tools, and live data, Webull has built an ideal platform for active traders.

Webull is a platform that caters to the intermediate trader who already has some experience with the stock market. If you are a complete beginner, you may experience information overload. If you are a somewhat experienced trader, Webull will give you all of the data you will likely need.

Webull Free Stock Promotion!

If you sign up via our link, you will get 2 free stocks! All you need to do is open the account and fund it with $100+.

Webull Features

Technical Indicators: Webull has a variety of technical indicators available on the platform. You can choose from up to 22 technical indicators such as moving averages, relative strength indexes and more.

Virtual Trading Simulator: Webull has a useful feature called the virtual trading simulator. This feature lets you create a virtual portfolio with fake money to test out strategies before risking real money. This is an ideal feature for someone just starting out, who may need to gain more investing knowledge and know how before investing real money.

Smart Alerts: Webull lets you set a variety of alerts for different holdings. You can get an alert when a price level is hit, or a rate of change has hit a defined level. There are also alerts for volume levels or changes, this can be useful for traders get a sense of where the stock may be headed in the short term.

Webull Free Training

We put together a free 30 minute video training that walks you through the entire process, step by step. This training will help you get up and running in no time at all.

GET THE GUIDE

Financial Calendar: The financial calendar feature keeps you informed on all the latest and upcoming financial news. Important events such as upcoming IPOs, dividend payouts, and earnings releases are all provided to you in a calendar format on the Webull platform.

Margin Trading: Webull allows margin trading on its platform to certain users. You must have a minimum account balance of $2,000 for margin trading access.

After Hours Trading: Webull offers after hours and premarket trading. You can trade securities from 4 am to 8 pm on the Webull platform offering more flexibility in placing trades.

Commission Free Short Selling: There are no trading commissions to short a stock in Webull. Short selling occurs in a margin account, but all trades are completely free.

Who Is Webull For?

Webull is a great platform for active traders who focus on investment research. Webull provides an array of research tools for both the technical and fundamental investment researchers.

That being said, in most cases, this platform is best for those with some prior investment experience. If you are completely new to investing in the stock market, you may feel information overload by the number of research tools available to you.

If you sign up via our link and fund your account, you will get 2 free stocks!

Best Free Stock Promotions

BrokeragePromotionLink
Robinhood Logo1 Free Stock (Up To $225)Download
Webull Logo2 Free Stocks (Up To $1,850)Download
Firstrade trading platform2 Free Stocks (Up To $400)Download
M1 Finance Robo AdvisorGet $30 When You Deposit $1,000Download
Acorns LogoFree $10 BonusDownload
SoFi Robo Advisor1 Free Stock Up To $1,000Download

What Is Acorns?

Acorns is an online robo-advisor that helps you save and invest a portion of your debit and credit card transactions. Acorns will round your purchases to the next dollar and send the difference to your brokerage account to be invested.

The Acorns platform is simple and aims to help more people begin investing their extra cash. Once the cash is in your account it will be automatically invested into your Acorns portfolio. Acorns aims to help the beginner investor who would like to invest but has a hard time diligently saving.

The biggest difference between Webull and Acorns is that Webull is free while Acorns charges $1 to $3 per month.

Acorns Features

Acorns Spend: This is an Acorns provided debit card. A checking account that has Acorns built in and will save and invest for you. Fees are $3 per month for Acorns spend.

Acorns saving and investing platform

Acorns Later: Acorns offers Individual Retirement Accounts. Both Traditional IRAs and Roth IRAs.

Acorns Earn: Partnerships with brands and other retailers. Acorns partners include Nike, Apple, Airbnb, Blue Apron, Macy’s, DirecTV, Lyft, Walmart and more. When shopping with an Acorns partner, you can earn an extra 5% to 10% of the transaction in cash back. This cash is then sent to your Acorns brokerage account and invested.

Acorns Grow: On Acorns grow you can access a variety of educational content that will help you learn more about investing and personal finance. The Acorns grow feature aims to educate beginner investors and guide them through the learning process.

What Are The Fees?

Acorns Lite is just $1 per month and comes with an individual investment account.

If you are looking for a bit more, Acorns Personal is $3 per month and comes with a retirement account as well as the Acorns Spend debit card.

What Are The Investments?

Once you create your account, Acorns will ask you a series of questions for your investment objective. You can choose from five different options:

  1. Long Term Investment
  2. Short Term Investment
  3. Major Purchase
  4. Children
  5. General

Once you choose your objective, Acorns will suggest a portfolio that aligns with your investment objective.

Portfolios on Acorns were designed by Economist Dr. Harry Markowitz and are based on Modern Portfolio Theory. Each portfolio uses a stock and bond allocation that represents its level of risk. Conservative portfolios hold more bonds which tend to be less volatile when compared to stocks.

Aggressive portfolios will hold more stocks which may generate higher returns over time, but are more volatile when compared to bonds. Acorns also offers a variety of Vanguard and iShares ETFs on their platform.

All portfolios hold low-cost ETFs which have much lower fees when compared to actively-managed mutual funds.

There are no individual stocks or custom portfolios on Acorns.

Who Is Acorns For?

Acorns is a suitable platform for beginner investors who would like to begin saving and investing over time.

The biggest advantage Acorns has over other platforms is the automation of micro savings into your brokerage account over time. You may not realize it, but these small amounts add up over time.

For other investors who schedule automatic deposits from their bank account into their investment accounts every week or month, this feature may not be as useful. Acorns gives you the option to invest in five prebuilt portfolios. You cannot customize your portfolio or pick individual stocks or ETFs.

Webull vs Acorns: The Verdict

Acorns and Webull are investing apps both offering completely different services to their users. Webull offers an intermediate to advanced trading platform geared towards the research-oriented active trader.

Acorns is offering an automated investment solution to those who are forgetful or have a hard time saving money. If you fall into that category, Acorns might be a better fit for you.

If you are a more advanced investor who would like to buy and sell individual investments, Webull is likely a better fit for you.

However, neither platform has a minimum investment so beginners can start on both platforms with as little as a few dollars.

Keep Reading:

webull vs acorns
Article written by Ryan Scribner
Ryan Scribner is a personal finance YouTuber that is approaching 500,000 subscribers on his channel. He has created a thriving business around his passion, which is helping others navigate the complicated world of investing.

Latest Posts

Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
Robinhood
Robinhood provides an easy-to-use free trading platform for beginner investors. Robinhood has $0 account minimums. Get a free stock when you open an account below.
Try Robinhood
M1 Finance
M1 Finance offers a free investing platform where users can build portfolios of stocks and ETFs. Users can also choose from a variety of pre-built portfolios offered for free.
Try M1 Finance
Fundrise
Passively invest in private real estate deals with as little as $500. Fundrise allows you to own residential and commercial real estate across the U.S. starting at a 1% annual fee.
Try Fundrise
© Copyright 2018 - 2020 Investing Simple LLC. All Rights Reserved. Investing Simple is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Members should be aware that investment markets have inherent risks, and past performance does not assure future results. Investing Simple has advertising relationships with some of the offers listed on this website. The information on Investing Simple could be different from what you find when visiting a third-party website. All products are presented without warranty. For more information, please read our full disclaimer.
Developed by Stallion Cognitive
magnifiermenucross-circlechevron-down-circle
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram
Copy link
Powered by Social Snap