Acorn Investing App Reviews. Right now, there are more than 7 million people using the acorns platform, and this could be a good time for you to join them. The next question you are.
Is the acorns investment app a scam? The idea behind acorns is that “anyone can grow wealth,” and you can start by investing your spare change. The feedback is overwhelmingly positive.
Now, the acorns app has a $1/month fee for their basic taxable investment account, or a $2/month fee for their retirement account.
It used to be that this fee was deducted from your investment balance but the app has since changed this policy and now pulls its monthly buck straight from your bank account. Okay, not a bad feature (though i don’t know how i feel about an app watching all my purchases!). Logging into the acorns app allows you to view your portfolio, check the performance of your index funds, see what the market is doing, and much more. Is the acorns investment app a scam?