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Ally Invest vs Acorns

Ally Invest is a good low-price discount stock broker for savvy investors. How does it compare to Acorns? Read our comparison chart below.

Ally Invest (formerly TradeKing) offers stock trades at $4.95 per trade and options trading at $4.95 + $0.65 per contract. There is no minimum deposit.

While Acorns is geared towards young investors who have trouble saving. This investment app automatically rounds up and invests your spare change whenever you make a purchase. The service fee is waived for college students. Otherwise, the fee starts at $1/month for accounts under $5,000. There is no minimum to open.

Compare Ally Invest with Acorns, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 Ally InvestAcorns
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Ally Invest

Acorns

SPECIAL OFFER
Get Up to $3,500 Cash Bonus and Commission Free Trades for 90 Days - Learn More

Read Ally Invest Review

SPECIAL OFFER
$5 Sign-Up Bonus - Learn More

Read Acorns Review

 

Benefits and Features

Stock Trading$4.95 per trade ($3.95 per equity trade special pricing for high-volume/high-balance traders)Part of service fee. Free for college students for 4 years. No add-on trading fees.
Options Trading$4.95 base + $0.65 per contract ($0.50 per options contract special pricing for high-volume/high-balance traders) 
Annual Fee Free for college students; $1/mo for Acorns; $2/mo for Acorns + Acorns Later; $3/mo for Acorns + Acorns Later + Acorns Spend
Minimum Deposit
$0
$0
Mutual Fund Trading$0 to buy/sell load mutual funds
$9.95 to buy/sell no load mutual funds
 
Commission Free ETFs100+ including ETFs from WisdomTree 
Phone Support 
Yes
Live Chat Support 
No
Email Support 
Yes
Human Advisors 
No
Assets Under Management 
$528 Million
Penny Stocks$0.01 per share on the entire order for stocks priced less than $2.00. Maximum commission per order not to exceed 5% of the trade value, with minimum commission of $4.95. 
Tax Loss Harvesting 
No
Goal Tracker 
Yes
Automatic Deposits 
Yes
Broker Assisted Trades
$20 + Regular Commission
 
Customer Service
(855) 880-2559 (Open 24/7)
 
Online Platform 
Yes
iPhone App 
Yes
Android App 
Yes
BankingIntegrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.Acorns Spend checking account comes with a debit card and has no minimum balance requirement, no overdraft fees, and unlimited free or fee-reimbursed ATMs nationwide. $3/mo for Acorns + Acorns Later + Acorns Spend.
Mobile App
Yes
Forex Trading
 
Futures Trading
 
Online CommunityTrader Network to connect with other investors 
Single Stock Diversification 
No
Fractional Shares 
Yes
Taxable Accounts 
Yes
401k Plans 
No
IRA Accounts 
Yes
Roth IRA Accounts 
Yes
SEP IRA Accounts 
Yes
Trust Accounts 
No
529 Plans 
No
 

CreditDonkey® Reviews

 Ally InvestAcorns
Stock Trading
Options Trading
Banking
Mobile App
Commissions and Fees
Ease of Use
Online Community
Research
Trading Platform
Annual Fee
Minimum Deposit
Customer Service
Pros & ConsPros:
  • Low commission for stock trades
  • No account minimums
  • Ally LIVE platform
Cons:
  • No physical locations
Pros:
  • No minimum investment
  • Invest with spare change
  • Free for college students
Cons:
  • Fees are high for small balances
  • No tax benefits
  • Limited investment options
Bottom LineGood low-price discount stock broker for savvy investors... Read full reviewInvestment app that automatically invests your spare change. Good for young investors to get into the habit... Read full review
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What Others View

    Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

    Ally Invest: Pricing information from published website as of 07/11/2019.

    Acorns: Pricing information from published website as of 07/11/2019.

    Which is Better: Ally Invest or Acorns?

    Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Ally Invest or Betterment.


    Articles on Ally Invest


    Articles on Acorns


    Comments

    • Olivia Tabor
      on April 9, 2019 7:02 AM said about Acorns:

      I have both Acorns and Robinhood and even though they each serve a different purpose I don't have the freedom of stock purchase that I really like. I believe Acorns diversifies for my needs more effectively.

    Comments may be filtered for language. CreditDonkey makes no guarantee of comments' factual accuracy. These responses are not provided or commissioned by bank advertisers. Responses have not been reviewed, approved or otherwise endorsed by bank advertisers. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Visitors may report inappropriate content by clicking the Contact Us link.


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