Ally Invest vs Vanguard
Ally Invest is a good low-price discount stock broker for savvy investors. How does it compare to Vanguard? Read our comparison chart below.
Ally Invest (formerly TradeKing) offers stock trades at $0 per trade and options trading at $0 + $0.50 per contract. There is no minimum deposit.
While Vanguard offers $0 commission on stock and ETF online trades, $0 commission on Vanguard mutual funds, and no minimum deposit.
Compare Ally Invest with Vanguard, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
Ally Invest | Vanguard | |
---|---|---|
Commission-Free Stock Trades - | ||
Benefits and Features | ||
Stock Trading | ||
Options Trading | $0 + $1-per-contract fee. Discounts available if you have more than $1 million assets invested in Vanguard ETFs and mutual funds | |
Minimum Deposit | ||
Mutual Fund Trading |
| |
Commission Free ETFs | Around 1,800 ETFs from about 100 other companies | |
Penny Stocks | $0.01 per share on the entire order for stocks priced less than $2.00. | |
Broker Assisted Trades | ||
Inactivity Fee | ||
Maintenance Fee | $20/year. Waived if account owner signs up for e-delivery service OR have at least $10,000 in Vanguard ETFs and mutual funds | |
Banking | Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place. | |
Mobile App | ||
Desktop App | ||
Forex Trading | ||
Futures Trading | ||
Customer Service | ||
Locations | ||
Online Community | ||
Seminars | ||
Virtual Trading | ||
CreditDonkey® Reviews | ||
Stock Trading | ||
Options Trading | ||
Mutual Fund Trading | ||
Banking | ||
Mobile App | ||
Commissions and Fees | ||
Ease of Use | ||
Online Community | ||
Research | ||
Trading Platform | ||
Pros & Cons | Pros:
| Pros:
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Bottom Line | Good low-price discount stock broker for savvy investors... | Good choice for ETF and mutual fund investors interested in Vanguard-sponsored investments... |
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 04/01/2021. Vanguard: Pricing information from published websites as of 10/17/2023. |
Which is Better: Ally Invest or Vanguard?
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Ally Invest or Robinhood.
In short: Ally Invest's stock trading, options trading, and commissions and fees are impressive. Vanguard's ease of use is impressive.