Webull VS Acorns: Which Is The Better Investing Platform?

Investing Simple is affiliated with Webull and Acorns. This relationship does not influence our opinions of these platforms.

With so many new investing and trading platforms coming to market, 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 trading platforms available today; Acorns and Webull.

Webull vs Acorns
Webull vs Acorns

What Is Webull?

Webull is a commission free stock and ETF trading platform. Webull is designed for the active trader who is looking for a more dynamic user interface. Webull 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. Check out our detailed review of Webull here.

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

Webull review investing simple
Webull Trading App

Webull Free Stock Promotion!

If you sign up via our link, you will get a free stock worth up to $1,000! You don’t need to fund the account to get the stock, you just have to open it.

Click Here To Open An Account With Webull!

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. Here is the full list in our complete Webull review.

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 be alerted 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.

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 to be approved for margin trading. Below are the margin interest rates charged by Webull…

webull margin investing simple
Webull Margin Rates

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 designed for active traders that 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 might be overwhelmed by the number of research tools available to you.

If you sign up via our link, you will get a free stock worth up to $1,000! You don’t need to fund the account to get the stock, you just have to open it.

Click Here To Open An Account With Webull!

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 is designed to help the forgetful investor who does not remember to contribute or the type of person who would like to invest but has a hard time saving.

Click Here To Get Started With Acorns!

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 spend.PNG
Acorns Spend

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 found money.PNG
Acorns Earn

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

What Are The Fees?

The basic Acorns platform known as Acorns Core is $1 per month. This $1 fee is waived for college students. If you want to invest in a retirement account through Acorns, this plan will cost you $2 per month. If you are interested in the Acorns Spend checking account, this will cost you $3 per month.

Click Here To Get Started With Acorns!

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.

Acorns Portfolio Options

PortfolioStocksBondsReal Estate
Conservative18%80%2%
Moderately Conservative36%60%4%
Moderate54%40%6%
Moderately Aggressive72%20%8%
Aggressive90%0%10%

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 into their investment accounts every week or month, this feature may not be as useful. With Acorns, you are limited to just five prebuilt portfolios. You cannot customize your portfolio or pick individual stocks or ETFs.

Click Here To Get Started With Acorns!

Webull VS Acorns

 WebullAcorns
FeesNone, Commission Free$1 to $3 a month
Fractional SharesNoYes
InvestmentsStocks, ETFs5 Prebuilt Portfolios
CustomizationYesNo
Prebuilt PortfoliosNoYes
Account TypesIndividual TaxableIndividual Taxable, Retirement
Account Minimum$0$5
Research PlatformYesNo
Free Trading SimulatorYesNo

The Verdict

Acorns and Webull are both offering completely different services to the potential investor. 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 interested in researching investments and building your own portfolio, Webull is likely a better fit for you.

Leave a Reply