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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 low stock trade prices (starting at just $2) for investors with account balances over $500k. For those with smaller balances, it's best for less active traders, as trade prices go up after 25 trades/year. Vanguard offers 125+ no-transaction-fee mutual fees and 55+ commission-free ETFs. There is no minimum deposit and service fees can be waived by signing up for electronic statements.

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

 Ally Invest
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Ally Invest

Vanguard

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Benefits and Features

Stock Trading
$0 per trade
Less than $50,000: $7 per trade for the first 25 trades per year, then $20.
$50k - $500k: All trades $7.
$500k - $1M: All trades $2.
$1M - $5M: First 25 trades per year free, then $2.
$5M+: First 100 trades per year free, then $2
Options Trading
$0 base + $0.50 per contract
Less than $500,000: $7 + $1 per contract.
$500,000+: $2 + $1 per contract
Minimum Deposit
$0
$0
Mutual Fund Trading$0 to buy/sell load mutual funds
$9.95 to buy/sell no load mutual funds
$0 for no-transaction-fee funds. For transaction-fee funds: $20 for account balances less than $500,000; $8 for account balances $500,000+
Commission Free ETFs500+ including ETFs from WisdomTreeAround 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
$20 + Regular Commission
$25.00
Customer Service
(855) 880-2559 (Open 24/7)
Monday-Friday 8am -10pm ET
Inactivity Fee 
$0
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
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
Yes
Futures Trading 
No
Locations 
No
Online Community 
No
Seminars 
Yes
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
Mutual Fund Trading
Pros & ConsPros:
  • Low commission for stock trades
  • No account minimums
  • Ally LIVE platform
Cons:
  • No physical locations
Pros:
  • Large selection of mutual funds and commission-free ETFs
  • Broker assistance is available at no additional cost
  • Easy to use
Cons:
  • Commission structure penalizes frequent traders
  • Customer service wait times
  • Commission costs on non-Vanguard investment options
Bottom LineGood low-price discount stock broker for savvy investors... Read full reviewGood choice for ETF and mutual fund investors interested in Vanguard-sponsored investments... 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 07/18/2019.

    Vanguard: Pricing information from published websites as of 09/15/2019.

    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 Betterment.

    In short: Ally Invest's stock trading, options trading, and commissions and fees are impressive. Vanguard's ease of use is impressive.


    Articles on Ally Invest


    Articles on Vanguard


    Which Do You Think is Best?


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