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Ally Invest vs TD Ameritrade

Ally Invest is a good low-price discount stock broker for savvy investors. How does it compare to TD Ameritrade? 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 TD Ameritrade offers $0 commission online stock, ETF, and option trades. This online broker also has more than 100 branch locations. There is no minimum deposit, no maintenance fee, and no inactivity fee.

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

 Ally InvestTD Ameritrade
 Visit SiteVisit Site
 

Ally Invest

TD Ameritrade

SPECIAL OFFER
Get Up to $3,000 - Learn More

Read Ally Invest Review

OFFER
Commission-Free Trading - Online Stock, ETF and Option Trades - Learn More

Read TD Ameritrade Review

 

Benefits and Features

Stock Trading
$0 per trade
$0 commission for online stock, ETF, and option trades
Options Trading
$0 base + $0.50 per contract
$0.65 per contract
Minimum Deposit
$0
$0
Mutual Fund Trading
  • $0 to buy/sell load mutual funds
  • $9.95 to buy/sell no load mutual funds
Up to $49.95 or $74.95 for buys. $0 for sells
Commission Free ETFs
500+
550+ Commission-Free ETFs
Penny Stocks$0.01 per share on the entire order for stocks priced less than $2.00.
Check
Broker Assisted Trades
$20 + Regular Commission
$25
Customer Service
(855) 880-2559
(800) 669-3900 (Open 24/7)
Inactivity Fee 
$0
Maintenance Fee 
$0
BankingIntegrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.Cash Management account offers free ATM withdrawals, no monthly maintenance fees, free online bill pay, and free check writing.
Mobile App
Check
Check
Desktop App 
Thinkorswim
Forex Trading
Check
Check
Futures Trading $2.25 per contract (plus exchange & regulatory fees)
Locations More than 100 locations in 34 states
Seminars 
Online webcast
Virtual Trading Paper Trading to practice/test strategies and ideas.
 

CreditDonkey® Reviews

 Ally InvestTD Ameritrade
Stock TradingStarStarStarStarStarStarStarStarHalf StarEmpty Star
Options TradingStarStarStarStarStarStarStarStarStarEmpty Star
BankingStarStarStarStarHalf StarStarStarStarStarEmpty Star
Mobile AppStarStarStarHalf StarEmpty StarStarStarStarStarStar
Commissions and FeesStarStarStarStarStarStarStarStarHalf StarEmpty Star
Ease of UseStarStarStarStarEmpty StarStarStarStarStarStar
Online CommunityStarStarStarStarStarStarStarStarEmpty StarEmpty Star
ResearchStarStarStarHalf StarEmpty StarStarStarStarStarStar
Trading PlatformStarStarStarStarEmpty StarStarStarStarStarStar
Pros & ConsPros:
  • Low commission for stock trades
  • No account minimums
  • Ally platform
Cons:
  • No physical locations
Pros:
  • Easy to Use
  • Thinkorswim Platform
  • Customer Service
Cons:
  • Trade Fees
Bottom LineGood low-price discount stock broker for savvy investors... Read full reviewGood online broker for long-term investors... Read full review
 Visit SiteVisit Site

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.

TD Ameritrade: Pricing information from published website as of 07/18/2019.

TD Ameritrade: TD Ameritrade has not influenced the content of CreditDonkey. CreditDonkey may earn compensation for accounts opened at TD Ameritrade.

Ally Invest

Get Up to $3,000

Expires 12/31/2021

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 TransferCash 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

Ally Invest

Get Up to $3,000 Cash Bonus

Expires 12/31/2021

New Ally Invest customers only. Account must be funded for at least 60 days to be eligible for cash bonus.

Ally Invest

Commission-Free Stock Trades

With no minimum account balance and no minimum trade activity

TD Ameritrade

Commission-Free Trading - Online Stock, ETF and Option Trades

Applies to U.S. exchange-listed stocks, ETFs, and options. A $0.65 per contract fee applies for options trades, with no exercise or assignment fees.

Which is Better: Ally Invest or TD Ameritrade?

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

In short: Ally Invest's stock trading, options trading, commissions and fees, and online community are impressive. TD Ameritrade's mobile app, ease of use, research, and trading platform are impressive.


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 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.

Articles on TD Ameritrade

TD Ameritrade Review

TD Ameritrade fees are higher than competitors, but is it worth it? We say yes and here's why. We analyze and compare it for you in our in-depth review.

TD Ameritrade Customer Service

TD Ameritrade offers 24/7 customer service - both online and on the phone. But the best way to actually contact TD Ameritrade may surprise you. Read on.

Which Do You Think is Best?





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