Acorns vs Ally Invest

Acorns is an investment app that automatically invests your spare change. Good for young investors to get into the habit. How does it compare to Ally Invest? Read our comparison chart below.

Acorns is geared towards young investors who have trouble saving. This investment app automatically rounds up and invests your spare change whenever you make a purchase. The service fee starts at $1/month for accounts under $5,000. There is no minimum to open.

While 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.

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

	Acorns	Ally Invest
	SPECIAL OFFER $10 Sign-Up Bonus - Learn More Read Acorns Review	SPECIAL OFFER Get Up to $3,500 - Learn More Read Ally Invest Review
	Benefits and Features
Stock Trading	Part of service fee. No add-on trading fees.	$0 per trade
Options Trading		$0 base + $0.50 per contract
Annual Fee	$1/mo for Acorns Lite (taxable account only) $3/mo for Acorns Personal (includes IRA and checking account) $5/mo for Acorns Family (includes investment accounts for kids)
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 ETFs		500+
Phone Support	Yes
Live Chat Support	No
Email Support	Yes
Human Advisors	No
Assets Under Management	$1.2 Billion
Penny Stocks		$0.01 per share on the entire order for stocks priced less than $2.00.
Tax Loss Harvesting	No
Goal Tracker	Yes
Automatic Deposits	Yes
Broker Assisted Trades		$20 + Regular Commission
Customer Service		(855) 880-2559
Online Platform	Yes
iPhone App	Yes
Android App	Yes
Banking	$3/mo for Acorns + Acorns Later + Acorns Spend checking. Free debit card, no minimum balance, no overdraft fees, and unlimited free or fee-reimbursed ATMs nationwide.	Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.
Mobile App	Yes
Forex Trading
Single Stock Diversification	No
Fractional Shares	Yes
Taxable Accounts	Yes
401k Plans	No
IRA Accounts	Yes
Roth IRA Accounts	Yes
SEP IRA Accounts	Yes
Trust Accounts	No
529 Plans	No
	CreditDonkey® Reviews
Annual Fee
Minimum Deposit
Customer Service
Stock Trading
Options Trading
Banking
Mobile App
Commissions and Fees
Ease of Use
Online Community
Research
Trading Platform
Pros & Cons	Pros: No minimum investment Invest with spare change Cash-back program Cons: Fees are high for small balances No tax benefits Limited investment options	Pros: Low commission for stock trades No account minimums Ally platform Cons: No physical locations
Bottom Line	Investment app that automatically invests your spare change. Good for young investors to get into the habit... Read full review	Good low-price discount stock broker for savvy investors... Read full review
	$10 Sign-Up Bonus $5 Sign-Up Bonus Try Acorns Today!	Get Up to $3,500 Commission-Free Stock Trades Get Up to $3,500 Cash Bonus
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Acorns: Pricing information from published website as of 09/28/2020. Ally Invest: Pricing information from published website as of 07/18/2019.

Which is Better: Acorns or Ally Invest?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Acorns or Betterment.

Articles on Acorns

Acorns App Review
Acorns automatically invests your spare change. But can it help make you money? Find out if this app is safe and legit.
• Acorns vs Stash
• Acorns vs Betterment
• Acorns vs Robinhood

Articles on Ally Invest

Ally Brokerage
Ally Invest offers free trades for stocks and ETFs. But is it good? Find out how it compares to other online brokers.
• Ally Invest vs Fidelity
• Ally Invest vs TD Ameritrade
• Ally Invest vs E*TRADE
Ally Invest Fees
Ally Invest offers commission-free stock trading and no minimum deposit. But are there hidden fees? Read this review before you open an account.
• Ally Invest vs Vanguard
• Ally Invest vs Charles Schwab
• Ally Invest vs Merrill Edge
Ally Invest Roth IRA
Ally Invest's Roth IRA account has no annual fee and low trade commissions. Is it right for your retirement funds? Read on to learn how Ally Invest Roth IRA accounts work.
Ally Invest Login
Ally Invest offers good customer service and online login access. The best way to connect with Ally Invest customer service may surprise you. Read on.

Comments

• Olivia Tabor
  on April 2019 said about Acorns:

  I have both Acorns and Robinhood and even though they each serve a different purpose I don't have the freedom of stock purchase that I really like. I believe Acorns diversifies for my needs more effectively.

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