A Micro-Investing App For Beginners

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For those just embarking on their investing journey, entering the stock market can be a daunting process. But a number of fintech investing apps have beginner-friendly features such as no account minimum, educational resources and simplified interfaces which can make the transition into investing much less intimidating. Many newcomers may opt for Acorns, which has many of these features.

Acorns is an app designed specifically for novice investors looking to get their feet wet in the stock market. It offers access to its robo-advisor platform, tax-advantaged IRAs for retirement, plus a checking account. Its main micro-investing feature allows budding investors to start small by investing the spare change from their everyday purchases.

For example, when you purchase a coffee for $ 3.75, Acorns rounds up to the nearest dollar and invests the spare $ 0.25 cents into the market. The idea with micro-investing is that over time your contributions will add up. It’s a good strategy for newbies who want to dip their toe into the investing pool before diving all in.

Below, Select reviews the investment options, features and fees of Acorns to help you decide if this platform is the right fit for you.

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Acorns review


  • Minimum deposit and balance

    Minimum deposit and balance requirements may vary depending on the investment vehicle selected. No minimum required to open an account, $ 5 minimum to start investing

  • Fees

    Fees may vary depending on the investment vehicle selected. Monthly plans include: Personal ($ 3 per month) and Family ($ 5 per month)

  • Bonus

  • Investment vehicles

  • Investment options

    Diversified ETFs which include more than 7,000 stocks & bonds

  • Educational resources


  • $ 0 minimum deposit to open an account
  • Invests your spare change from everyday purchases
  • Customizes users’ portfolios around their financial goals, timeline and risk tolerance
  • Automatically rebalances portfolio
  • Offers Acorns Sustainable Portfolios for ESG investing
  • Access to educational articles and videos to learn about investing


  • Monthly fees can be steep if you’re not investing much
  • Investment options are limited

Investment options



Bottom line

Editorial Note: Opinions, analyzes, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.

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