CreditDonkey is a stock broker comparison and reviews website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†






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
 Visit SiteLearn More
 

Ally Invest

Robinhood

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

Read Ally Invest Review

SPECIAL OFFER
Invite Friends, Get Free Stocks - Learn More

Read Robinhood Review

 

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
 Visit SiteLearn More
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 5/24/2019.

    Robinhood: Pricing information from published websites as of 6/15/2019.

    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 Betterment.

    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?


    You Might Also Like

      Best Investment Apps for Beginners

      Looking to start investing? You can begin with as little as $5. Check out these cheap (or free) apps for new investors.

      Firstrade Review: Is It Good?

      In a perfect world, investors look for low commissions, a clean user interface, and plentiful research. Oftentimes you have to give up one of these features to have another, but not with Firstrade. This online discount broker offers a variety of benefits for new and established investors.

      Stash Invest Review: Is It Legit?

      Have you ever thought investing is either too expensive or too overwhelming? You aren't alone. Luckily, the founders of Stash set out to make those challenges disappear. Stash claims that with just $5, you can start investing confidently. Is it true?
      M1 Finance

      M1 Finance Review: Is It Safe?

      M1 Finance provides a hybrid robo-investing service with the ability to choose your own investments. Is it right for you? Read on for the pros and cons.

    Compare Ally Invest to:


    You might also be interested in

    Personal Capital vs Mint

    Personal Capital and Mint are two of the most popular money management apps. They have different strengths, so the better one depends on your needs. Read on.

    Compare Robinhood to:


    Next Page:

    About CreditDonkey®
    CreditDonkey is a stock broker comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

    Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

    †Advertiser Disclosure: Many of the card offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

    *See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

    CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.