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 | |
|---|---|---|
Get Up to $3,000 - | Buy and Sell Cryptocurrencies - | |
Benefits and Features | ||
| Stock Trading | ||
| Options Trading | ||
| Minimum Deposit | ||
| Mutual Fund Trading |
| |
| Commission Free ETFs | ||
| Penny Stocks | $0.01 per share on the entire order for stocks priced less than $2.00. | |
| Broker Assisted Trades | ||
| Customer Service | ||
| Banking | Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place. | |
| Mobile App |  | |
| Two-Factor Authentication | Google Authenticator or Yubikey | |
| Forex Trading | | |
CreditDonkey® Reviews | ||
| ||
| Stock Trading |  | |
| Options Trading | | |
| Banking |  | |
| Mobile App |  | |
| Commissions and Fees | | |
| Ease of Use | | |
| Online Community | | |
| Research | | |
| Trading Platform | | |
| Cryptocurrency Trading | | |
| Interest Accounts | | |
| Safety | | |
| Pros & Cons | Pros:
| Pros:
|
| Bottom Line | Good low-price discount stock broker for savvy investors... | Good crypto exchange with competitive fees and variety of coins... |
| | |
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. | ||
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.
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 Roth IRA
Ally Invest Login
Articles on Kraken
