Ally Invest vs Kraken

Ally Invest is a good low-price discount stock broker for savvy investors. How does it compare to Kraken? 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 Kraken is a mainstream cryptocurrency exchange with over 50 coins to trade and a range of staking options with average rates. They support margin trading, indices, and futures trading. They have low fees, but users may find it challenging to fund their accounts compared to other platforms.

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

	Ally Invest	Kraken
	SPECIAL OFFER Commission-Free Stock Trades - Learn More Read Ally Invest Review	SPECIAL OFFER Buy and Sell Cryptocurrencies - Learn More Read Kraken Review
	Benefits and Features
Stock Trading	$0 per trade
Options Trading	$0 base + $0.50 per contract
Minimum Deposit	$0	$10
Mutual Fund Trading	$0 to buy/sell load mutual funds $0 to buy/sell no load mutual funds
Commission Free ETFs	500+
Penny Stocks	$0.01 per share on the entire order for stocks priced less than $2.00.
Broker Assisted Trades	$20 + Regular Commission
Banking	Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.
Mobile App		Yes
Two-Factor Authentication		Google Authenticator or Yubikey
Forex Trading
Customer Service	(855) 880-2559
	CreditDonkey® Reviews
Stock Trading
Options Trading
Mutual Fund Trading
Banking
Mobile App
Commissions and Fees
Ease of Use
Online Community
Research
Trading Platform
Cryptocurrency Trading
Safety
Pros & Cons	Pros: Low commission for stock trades No account minimums Ally platform Cons: No physical locations	Pros: Advance market interface Many trading pairs Cons: Not beginner friendly Difficult to fund account
Bottom Line	Good low-price discount stock broker for savvy investors... Read full review	Good crypto exchange with competitive fees and variety of coins... Read full review
	Commission-Free Stock Trades Open an Ally Invest account Automated Investing to Help Save Your Time	Buy and Sell Cryptocurrencies
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. Kraken: Pricing information from published website as of 04/13/2021.

Which is Better: Ally Invest or Kraken?

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: Ally Invest's commissions and fees and ease of use are noteworthy. In particular, the commissions and fees is impressive.