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.

	Ally Invest	Acorns
	SPECIAL OFFER Get Up to $3,000 - Learn More Read Ally Invest Review	SPECIAL OFFER $10 Sign-Up Bonus - Learn More Read Acorns Review
	Benefits and Features
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		$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	No
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	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		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
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: Low commission for stock trades No account minimums Ally platform Cons: No physical locations	Pros: No minimum investment 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
	Get Up to $3,000 Commission-Free Stock Trades Get Up to $3,000 Cash Bonus	$10 Sign-Up Bonus Acorns Spend: $75 Bonus $5 Sign-Up Bonus
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

Get Cash Bonus

Expires 9/30/2021

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

$10 Sign-Up Bonus

$10 Sign-Up Bonus

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 TD Ameritrade.

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
• Ally Invest vs Fidelity
• Ally Invest vs TD Ameritrade

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 vs E*TRADE
• Ally Invest vs Vanguard
• Ally Invest vs Betterment

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.

• Ally Invest vs Charles Schwab
• Ally Invest vs Merrill Edge

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

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.

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