Ally Invest vs Acorns
Ally Invest is a good low-price discount stock broker for savvy investors. How does it compare to Acorns? 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 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.
Compare Ally Invest with Acorns, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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Ally Invest | Acorns | |
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Get Up to $3,000 - | $10 Sign-Up Bonus - | |
Benefits and Features | ||
Stock Trading | Part of service fee. No add-on trading fees. | |
Options Trading | ||
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 | ||
Mutual Fund Trading | $0 to buy/sell load mutual funds $9.95 to buy/sell no load mutual funds | |
Commission Free ETFs | ||
Phone Support | ||
Live Chat Support | ||
Email Support | ||
Human Advisors | ||
Assets Under Management | ||
Penny Stocks | $0.01 per share on the entire order for stocks priced less than $2.00. | |
Tax Loss Harvesting | ||
Goal Tracker | ||
Automatic Deposits | ||
Broker Assisted Trades | ||
Customer Service | ||
Online Platform | ||
iPhone App | ||
Android App | ||
Banking | Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place. | $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. |
Mobile App | ![]() | |
Forex Trading | ![]() | |
Single Stock Diversification | ||
Fractional Shares | ||
Taxable Accounts | ||
401k Plans | ||
IRA Accounts | ||
Roth IRA Accounts | ||
SEP IRA Accounts | ||
Trust Accounts | ||
529 Plans | ||
CreditDonkey® Reviews | ||
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Stock Trading | ![]() ![]() ![]() ![]() ![]() | |
Options Trading | ![]() ![]() ![]() ![]() ![]() | |
Banking | ![]() ![]() ![]() ![]() ![]() | |
Mobile App | ![]() ![]() ![]() ![]() ![]() | |
Commissions and Fees | ![]() ![]() ![]() ![]() ![]() | |
Ease of Use | ![]() ![]() ![]() ![]() ![]() | |
Online Community | ![]() ![]() ![]() ![]() ![]() | |
Research | ![]() ![]() ![]() ![]() ![]() | |
Trading Platform | ![]() ![]() ![]() ![]() ![]() | |
Annual Fee | ![]() ![]() ![]() ![]() ![]() | |
Minimum Deposit | ![]() ![]() ![]() ![]() ![]() | |
Customer Service | ![]() ![]() ![]() ![]() ![]() | |
Pros & Cons | Pros:
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Bottom Line | Good low-price discount stock broker for savvy investors... | Investment app that automatically invests your spare change. Good for young investors to get into the habit... |
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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. Acorns: Pricing information from published website as of 09/28/2020. |
Which is Better: Ally Invest or Acorns?
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.
Articles on Ally Invest
Ally Brokerage
Ally Invest Roth IRA
Ally Invest Login
Articles on Acorns
Acorns App Review
Is Acorns Legit or Safe
How to Make Money Using Acorns
Comments
Olivia Tabor
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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