CreditDonkey is a stock broker comparison and reviews website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†

Ally Invest vs M1 Finance

Ally Invest is a good low-price discount stock broker for savvy investors. How does it compare to M1 Finance? 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 M1 Finance offers free automated investing with no commissions or account fees. Unlike other robo-advisors, M1 lets you select your own investments and their automation will manage it for you. This is great for investors who want a say. The downside is that there are no human advisors. The minimum to start is just $100.

Compare Ally Invest with M1 Finance, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 Ally InvestM1 Finance
 Visit SiteVisit Site
 

Ally Invest

M1 Finance

SPECIAL OFFER
Commission-Free Stock Trades - Learn More

Read Ally Invest Review

SPECIAL OFFER
Commission Free Stock Trading - Learn More

Read M1 Finance Review

 

Benefits and Features

Stock Trading
$0 per trade
$0
Options Trading
$0 base + $0.50 per contract
 
Annual Fee 
None
Minimum Deposit
$0
$100
Mutual Fund Trading$0 to buy/sell load mutual funds
$9.95 to buy/sell no load mutual funds
 
Commission Free ETFs
500+
 
Phone Support Monday - Friday 9:30 am to 4 pm EST
Live Chat Support 
No
Email Support 
Yes
Human Advisors 
No
Robo Advisor 
Assets Under Management 
$1 Billion
Penny Stocks$0.01 per share on the entire order for stocks priced less than $2.00. 
Tax Loss Harvesting 
Offers tax-efficient investing
Goal Tracker 
No
Automatic Deposits 
Yes
Broker Assisted Trades
$20 + Regular Commission
 
Customer Service
(855) 880-2559
 
Online Platform 
Yes
iPhone App 
Yes
Android App 
Yes
BankingIntegrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.All users can open a M1 Spend account with free debit card. No monthly service fees and no balance requirements.
Mobile App
Yes
Forex Trading
 
Fractional Shares 
Yes
Taxable Accounts 
Yes
401k Plans 
No
IRA Accounts 
Yes
Roth IRA Accounts 
Yes
SEP IRA Accounts 
Yes
Trust Accounts 
Yes
529 Plans 
No
 

CreditDonkey® Reviews

 Ally InvestM1 Finance
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 & ConsPros:
  • Low commission for stock trades
  • No account minimums
  • Ally platform
Cons:
  • No physical locations
Pros:
  • Choose your own investments
  • Can invest in individual stocks
  • No account fees
Cons:
  • Not beginner friendly
  • No human advisors
  • Can only trade once a day
Bottom LineGood low-price discount stock broker for savvy investors... Read full reviewNo-fee robo-advisor that allows you to choose your own investments... Read full review
 Visit SiteVisit Site
What Others View

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 07/18/2019.

M1 Finance: Pricing information from published website as of 02/28/2020

Which is Better: Ally Invest or M1 Finance?

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


Articles on Ally Invest


Articles on M1 Finance


Which Do You Think is Best?

Name
Email (won't be published)


You Might Also Like


Compare Ally Invest to:


You might also be interested in

Online Budgeting Tools

Looking for the best (and free) online budgeting tool? See how apps like YNAB, Mint, PocketGuard and more compare.

Compare M1 Finance to:


Next Page:

About CreditDonkey®
CreditDonkey is a stock broker comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.