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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
 Visit SiteLearn More
 

Ally Invest

Kraken

SPECIAL OFFER
Get Up to $3,000 - 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
  • $9.95 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
 
Customer Service
(855) 880-2559
 
BankingIntegrated with banking on ally.com. Manage your Ally banking and investment accounts in one place. 
Mobile App
Check
Yes
Two-Factor Authentication Google Authenticator or Yubikey
Forex Trading
Check
 
 

CreditDonkey® Reviews

 Ally Invest
Stock TradingStarStarStarStarStar
Options TradingStarStarStarStarStar
BankingStarStarStarStarHalf Star
Mobile AppStarStarStarHalf StarEmpty StarStarStarStarHalf StarEmpty Star
Commissions and FeesStarStarStarStarStarStarStarStarStarEmpty Star
Ease of UseStarStarStarStarEmpty StarStarStarStarEmpty StarEmpty Star
Online CommunityStarStarStarStarStar
ResearchStarStarStarHalf StarEmpty StarStarStarStarStarEmpty Star
Trading PlatformStarStarStarStarEmpty Star
Cryptocurrency TradingStarStarStarStarStar
Interest AccountsStarStarStarHalf StarEmpty Star
SafetyStarStarStarStarEmpty Star
Pros & ConsPros:
  • 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 LineGood low-price discount stock broker for savvy investors... Read full reviewGood crypto exchange with competitive fees and variety of coins... Read full review
 Visit SiteLearn More

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.

Ally Invest

Get Up to $3,000

Expires 6/30/2022

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 6/30/2022

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

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 Acorns.

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


Articles on Ally Invest

Ally Invest Reviews

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 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 Kraken

Kraken Review

Kraken is a cryptocurrency exchange with a reputation for low fees and high security. How do they compare to their competitors? Read on to find out.

Which Do You Think is Best?





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