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Ally Invest vs Scottrade

Ally Invest is a good low-price discount stock broker for savvy investors. How does it compare to Scottrade? 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 Scottrade offers stock trades at $6.95 per trade and more than 500 branch office locations. There is a $2,500 minimum deposit, no maintenance fee and no inactivity fee.

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

 Ally InvestScottrade
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Ally Invest

Scottrade

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

Read Ally Invest Review

SPECIAL OFFER
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Read Scottrade Review

 

Benefits and Features

Stock Trading$4.95 per trade ($3.95 per equity trade special pricing for high-volume/high-balance traders)
$6.95 per trade
Options Trading$4.95 base + $0.65 per contract (50 cents per options contract special pricing for high-volume/high-balance traders)
$6.95 + $0.70 per contract
Minimum Deposit
$0
$2,500 for brokerage accounts
No account minimum for retirement accounts
Mutual Fund Trading$0 to buy/sell load mutual funds
$9.95 to buy/sell no load mutual funds
No Fee to Buy/Sell/Exchange No-Load, No-Transaction Fee Funds
$17 to Buy/Sell/Exchange No-Load Funds
$0 to Buy Load Funds and $17 to Sell/Exchange Load Funds
Commission Free ETFs100+ including ETFs from WisdomTree 
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.$6.95 per trade + 0.5% principal for any stock trading under $1
Broker Assisted Trades
$20 + Regular Commission
$32
Customer Service
(855) 880-2559 (Open 24/7)
(800) 619-7283 (Monday to Friday 6am to 1am Eastern; Saturday and Sunday 9am to 7pm Eastern)
Inactivity Fee 
$0
Maintenance Fee 
$0
BankingIntegrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.Scottrade Bank has no monthly maintenance fees, ATM reimbursement program, online bill pay, and mobile banking.
Mobile App
Desktop App ScottradeELITE (requires you execute 9 or more stock or option trades during the past 3 months, have $25,000 in your primary account, or have $15,000 in your primary account and combined linked assets of $25,000 or more)
Forex Trading
 
Futures Trading
 
Locations 
More than 500 branch locations
Online CommunityTrader Network to connect with other investors 
Seminars In-person branch seminars, online events and live webinars
Virtual Trading ScottradeELITE offers virtual trading
 

CreditDonkey® Reviews

 Ally InvestScottrade
Stock Trading
Options Trading
Banking
Mobile App
Commissions and Fees
Ease of Use
Online Community
Research
Trading Platform
Customer Service
Pros & ConsPros:
  • Low commission for stock trades
  • No account minimums
  • Ally LIVE platform
Cons:
  • No physical locations
Pros:
  • Low per trade fees
  • Physical locations
  • Easy-to-navigate website
Cons:
  • No futures trading
  • High broker-assisted fee
Bottom LineGood low-price discount stock broker for savvy investors... Read full reviewSolid choice for cost-conscious traders who are familiar with online investing... 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 09/18/2017

    Scottrade: TD Ameritrade has acquired Scottrade. Scottrade accounts will convert to TD Ameritrade on 2/26/2018. Pricing information from published website as of 03/27/2017

    Which is Better: Ally Invest or Scottrade?

    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 stock trading, options trading, banking, and commissions and fees are impressive. Scottrade's ease of use is impressive.


    Articles on Ally Invest


    Articles on Scottrade


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