Acorns iPhone App Review

Investment is not cup of tea for everyone. But proving it wrong, Acorns designed a phenomenal investment application for users to let their little money doing actions on the stock market. It has fetched an astounding rating of 4+ on the App Store, more than a thousand positive review and numerous accolades from financial press such as Wired, Bloomberg Business and many more underpinned its success on the iOS platform. Acorns – Invest Spare Change into Stocks app is a free download from iTunes App Store. However, it charges merely $1 per month for accounts under $5,000 and 0.25% of the account balance per year for accounts of $5,000 or more.

Features

Acorns iPhone app provides an exemplary user interface. It provides a nice set of interactive graphic displays that lets a user see how money is invested and how it will grow differently based on the monthly contributions. Once after successful installation, all one need to do is to connect debit/credit card account to the app. It makes use of the spare changes and invests it through an automatic rebalancing. It provides a portfolio where a list of advice, tips and ideas related to the trending market situation is highlighted. It follows a simple methodology of buy stock at low price and sells the same at the highest price.

The unique feature of Acorns app for iPhone is its automatic investment algorithm to invest in the stocks as per the market scenario. However, it permits manual interventions at any point, either as a supplement to or in place of the automatic draws which can be done one time or set as a recurring option. It in-houses a powerful security system to protect information, blocks unauthorized account access, and notifies a user in case an unusual activity is triggered. The app provides a log-in and a password but it doesn’t automatically lock while moving to another app which seems to be a major flaw. The app is only available to US citizens.

Conclusion

Acorns app requires iOS version 7.0 or higher. It is optimized for iPhone 5 and iPhone 6. It’s a worth download application to relish a convenient and intuitive way to begin investing for the future. Grab a free copy of Acorns from App Store to put the spare changes in making money.

Category: Free iPhone Apps