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Ally Invest vs Robinhood

Ally Invest is a good low-price discount stock broker for savvy investors. How does it compare to Robinhood? 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 Robinhood offers $0 stock trades by cutting out physical offices and manual account management. Only basic stock trading can be performed on the mobile app. There is no minimum deposit or maintenance fee, though there is an optional paid premier customer tier starting at $6/month.

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

 Ally Invest
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Ally Invest

Robinhood

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Benefits and Features

Stock Trading$4.95 per trade ($3.95 per equity trade special pricing for high-volume/high-balance traders)
$0
Options Trading$4.95 base + $0.65 per contract ($0.50 per options contract special pricing for high-volume/high-balance traders) 
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 WisdomTreeall U.S. listed ETFs
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. 
Broker Assisted Trades
$20 + Regular Commission
$10
Customer Service
(855) 880-2559 (Open 24/7)
Monday-Friday 9am - 6pm ET
Inactivity Fee 
$0
Maintenance Fee 
$0
BankingIntegrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.
No
Mobile App
Yes
Desktop App 
Yes
Forex Trading
 
Futures Trading
 
Locations 
No
Online CommunityTrader Network to connect with other investors
No
Seminars 
No
Virtual Trading 
No
 

CreditDonkey® Reviews

 Ally Invest
Stock Trading
Options Trading
Banking
Mobile App
Commissions and Fees
Ease of Use
Online Community
Research
Trading Platform
Pros & ConsPros:
  • Low commission for stock trades
  • No account minimums
  • Ally LIVE platform
Cons:
  • No physical locations
Pros:
  • Commission-free stock trading on a mobile platform
  • No minimum investment required
Cons:
  • No retirement accounts
  • Limited research
  • No bond trading
  • No mutual fund trading
Bottom LineGood low-price discount stock broker for savvy investors... Read full reviewFree option to trade stocks with limited bells and whistles for investors... 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 3/15/2019.

    Robinhood: Pricing information from published websites as of 4/24/2018

    Which is Better: Ally Invest or Robinhood?

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

    In short: Ally Invest's options trading and research are noteworthy. In particular, the options trading is impressive. Robinhood's ease of use is impressive.


    Articles on Ally Invest


    Articles on Robinhood


    Which Do You Think is Best?


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