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 Invest | Acorns | |
|---|---|---|
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 |
| |
| Cryptocurrency Trading | ||
| Minimum Deposit | ||
| Mutual Fund Trading |
| |
| Commission Free ETFs | A selection automatically chosen by Acorns | |
| Phone Support | ||
| Live Chat Support | ||
| Email Support | ||
| Human Advisors | ||
| Robo Advisor | ||
| 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 | Acorns automatically invest and trade for you | |
| Customer Service | ||
| 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 | ||
| Online Platform | ||
| iPhone App | ||
| Android App | ||
| 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 |  | |
| Two-Factor Authentication | ||
| Forex Trading | | |
| Locations | ||
| Online Community | ||
| Seminars | ||
| Virtual Trading | ||
| Fractional Shares | ||
| Taxable Accounts | ||
| 401k Plans | ||
| IRA Accounts | ||
| Roth IRA Accounts | ||
| SEP IRA Accounts | ||
| Trust Accounts | ||
| 529 Plans | ||
CreditDonkey® Reviews | ||
| | |
| 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:
| Pros:
|
| 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... |
| | |
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. | ||
Get Up to $3,000
The minimum qualifying deposit to receive a cash bonus is $10,000. Accounts will be reviewed 60 days after account opening to determine the total qualifying deposit. Corresponding cash bonus will be credited to the account within 10 business days. Once the bonus is credited to the account, the bonus and qualifying deposit (minus any trading losses) is not available for withdrawal for 300 days. If the qualifying deposit is withdrawn, the bonus may be revoked.
| Deposit or Transfer | Cash Bonus |
|---|---|
| $10,000 - $24,999 | $100 |
| $25,000 - $99,999 | $250 |
| $100,000 - $249,999 | $300 |
| $250,000 - $499,999 | $600 |
| $500,000 - $999,999 | $1,200 |
| $1,000,000 - $1,999,999 | $2,000 |
| $2,000,000+ | $3,000 |
Get Up to $3,000 Cash Bonus
New Ally Invest customers only. Account must be funded for at least 60 days to be eligible for cash bonus.
Acorns Checking: $75 Bonus
- Setup Acorns Checking as your direct deposit method with your employer
- Receive 2 direct deposits of at least $250 / deposit
- $75 bonus will be deposited into your Acorns account within 45 days
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.
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 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 from Texas
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
Small Investments That Make Money
Best Investment Apps for Beginners
How to Start Investing
The Best Way to Invest $100
How to Invest in Stocks with Little Money
23 Reasons Why You Should Invest in Stocks
Best Roth IRA Providers for Beginners
