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TD Ameritrade vs Ally Invest
TD Ameritrade is a good online broker for long-term investors. How does it compare to Ally Invest? Read our comparison chart below.
TD Ameritrade offers stock trades at $6.95 per trade and 300+ commission free ETFs. This online broker also has more than 100 branch locations. There is no minimum deposit, no maintenance fee, and no inactivity fee.
While 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.
Compare TD Ameritrade with Ally Invest, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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TD Ameritrade | Ally Invest | |
|---|---|---|
Get 60 Days of Commission-Free Trading - | Get Up to $3,500 Cash Bonus and Commission Free Trades for 90 Days - | |
Benefits and Features | ||
| Stock Trading | $4.95 per trade ($3.95 per equity trade special pricing for high-volume/high-balance traders) | |
| Options Trading | $4.95 base + $0.65 per contract (50 cents per options contract special pricing for high-volume/high-balance traders) | |
| Minimum Deposit | ||
| Mutual Fund Trading | $0 for no-transaction-fee mutual funds $49.99 for no-load mutual funds $0 for load mutual funds | $0 to buy/sell load mutual funds $9.95 to buy/sell no load mutual funds |
| Commission Free ETFs | 100+ 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. |
| Broker Assisted Trades | ||
| Customer Service | ||
| Inactivity Fee | ||
| Maintenance Fee | ||
| Banking | Cash Management account offers free ATM withdrawals, no monthly maintenance fees, free online bill pay, and free check writing. | Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place. |
| Mobile App | | |
| Desktop App | ||
| Forex Trading | | |
| Futures Trading | $2.25 per contract (plus exchange & regulatory fees) | |
| Locations | More than 100 locations in 34 states | |
| Online Community | Trader Network to connect with other investors | |
| Seminars | ||
| Virtual Trading | Paper Trading to practice/test strategies and ideas. | |
CreditDonkey® Reviews | ||
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| Stock Trading |    | |
| Options 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 online broker for long-term investors... | Good low-price discount stock broker for savvy investors... |
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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. TD Ameritrade: Pricing information from published website as of 03/13/2017 Ally Invest: Pricing information from published website as of 09/18/2017 | ||
Which is Better: TD Ameritrade or Ally Invest?
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing TD Ameritrade or Betterment.
In short: TD Ameritrade's mobile app, ease of use, research, and trading platform are impressive. Ally Invest's stock trading, options trading, banking, commissions and fees, and online community are impressive.
Articles on TD Ameritrade
Ameritrade
TD Ameritrade fees are higher than competitors, but is it worth it? We say yes and here's why. We analyze and compare it for you in our in-depth review.
TD Ameritrade Customer Service
TD Ameritrade offers 24/7 customer service - both online and on the phone. But the best way to actually contact TD Ameritrade may surprise you. Read on.
Articles on Ally Invest
Ally Invest
Ally Invest (formerly TradeKing) offers one of the lowest trade fees, but is it good? Learn the pros and cons and see comparisons with other online brokers in this in-depth review.
Ally Invest Login
Ally Invest offers 24/7 customer service and online login access. The best way to connect with Ally Invest customer service may surprise you. Read on.
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