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 $3/month for accounts. 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.

	Ally InvestRobinhoodStash
	Learn More	Visit Site
	Ally Invest	Acorns
	SPECIAL OFFER Commission-Free Stock Trades - Learn More Read Ally Invest Review	SPECIAL OFFER $20 Investment Bonus - Learn More Read Acorns Review
	Benefits and Features
Savings		No
Stock Trading	$0 per trade	Part of service fee. No add-on trading fees.
Options Trading	$0 base + $0.50 per contract	No
Annual Fee		$3/mo for Acorns Personal (includes personal taxable account, IRA, and checking account) $5/mo for Acorns Personal Plus (includes everything in Personal, emergency fund, and 25% match on rewards) $9/mo Acorns Premium (includes everything in Personal Plus, investment accounts for kids, 50% match on rewards, and custom portfolio)
Cryptocurrency Trading		No
Minimum Deposit	$0	$0
Checking		Yes
Mutual Fund Trading	$0 to buy/sell load mutual funds $0 to buy/sell no load mutual funds	No
Commission Free ETFs	500+	A selection automatically chosen by Acorns
Phone Support		Yes
Live Chat Support		No
Email Support		Yes
Human Advisors		No
Robo Advisor		Yes
Assets Under Management		$4.7 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	Acorns automatically invest and trade for you
Customer Service	(855) 880-2559
Good For		Beginners; Passive investors; Those who have trouble saving/investing on their own
Inactivity Fee		None, but you will keep paying the monthly fee
Maintenance Fee		Monthly fee for the service
Online Platform		Yes
iPhone App		Yes (4.7 stars, 760k ratings)
Android App		Yes (4.3 stars, 156k ratings)
Banking	Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.	Included in Acorns Personal ($3/mo). Free metal debit card, no minimum balance, no overdraft fees, and 55,000+ fee-free ATMs nationwide.
Mobile App		Yes
Two-Factor Authentication		Yes
Forex Trading
Locations		No
Online Community		No
Seminars		No
Virtual Trading		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
Stock Trading
Options Trading
Mutual Fund Trading
Banking
Mobile App
Commissions and Fees
Ease of Use
Online Community
Research
Trading Platform
Annual Fee
Minimum Deposit
Customer Service
Pros & Cons	Pros: Low commission for stock trades No account minimums Ally platform Cons: No physical locations	Pros: No minimum to open account Invest with spare change Cash-back program Cons: Fees are high for small balances No tax benefits Limited investment options
Bottom Line	Good low-price discount stock broker for savvy investors... Read full review	Investment app that automatically invests your spare change. Good for young investors to get into the habit... Read full review
	Learn More	Visit Site
	Commission-Free Stock Trades Open an Ally Invest account Automated Investing to Help Save Your Time	$20 Investment Bonus Try Acorns Today! Acorns Invest: Invest Spare Change
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.

$20 Investment Bonus

Get $20 Investment Bonus

• Open an Acorns account (new users only)
• Set up the Recurring Investments feature
• Have your first investment be made successfully via the Recurring Investments feature

Try Acorns Today!

Get Deal

Acorns Invest: Invest Spare Change

Automatically Save and Invest

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 Robinhood.

In short: Acorns' mobile app and ease of use are notable. In particular, the ease of use is outstanding.

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 Robinhood

Is Ally Invest Good For Beginners

Ally Invest is a popular fee-free online brokerage. Is it good for beginners? Read on.

Ally Invest Roth IRA

Ally Invest's Roth IRA account has no annual fee and no commission trades. 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.

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

Is Acorns Legit or Safe

Acorns lets you invest spare change from every purchase. But is it safe to use? Learn just how secure the micro-investing app is.

How to Make Money Using Acorns

Acorns "rounds up" everyday purchases and invests it for you. What's the catch? Read this review to find out how to make money using the app.

Comments

• Olivia Tabor from Texas
  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.

Comments may be filtered for language. CreditDonkey makes no guarantee of comments' factual accuracy. These responses are not provided or commissioned by bank advertisers. Responses have not been reviewed, approved or otherwise endorsed by bank advertisers. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Visitors may report inappropriate content by clicking the Contact Us link.

You Might Also Like

How to Get Free Stocks

Discover 15+ platforms offering free stocks and bonuses - a fortune isn't essential.

Small Investments That Make Money

You don't need to be rich to start investing. Here are 15 easy ways to invest small amounts of money.

How to Invest Money

Invest smartly, even if you're new to the game. Discover how to begin investing in stocks and real estate with little money.

Best Investment Apps for Beginners

Want the best investment apps for beginners? Discover these low-to-no-cost apps, tailored for your investing start.

How to Start Investing

You can start investing with little money. Here's how beginners can get into stocks and real estate for the first time.

The Best Way to Invest $100

$100 may not seem like much, but you can make it grow into more. Here are 10 clever ways to turn $100 into a better future.

How to Invest in Stocks with Little Money

Think you don't have enough money to invest? You can start with as little as $5. Read our top ways to invest a little money and start earning now.

23 Reasons Why You Should Invest in Stocks

Despite the economy's ups and downs, the stock market has consistently proven to be a good place to invest your disposable cash and save for your future (as long as you can withstand the ups and downs and plan for the long term). The popularity of online brokerages attests to the demand for stock accessibility in an increasingly DIY society.

Best Roth IRA Providers for Beginners

Opening a Roth IRA is one of the best money moves you can make. But where should you open an account? Here are our top recommended Roth IRA providers.

10 Smart Ways to Invest $1,000

$1,000 can become a lot more with investing. Here are 10+ smarter ways to spend that extra grand than on a shopping splurge.