Ally Invest vs Merrill Edge

Ally Invest is a good low-price discount stock broker for savvy investors. How does it compare to Merrill Edge? 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 Merrill Edge (a subsidiary of Bank of America) offers stock trades at $0 commission and options trading at $0 + $0.65 per contract. There is no account minimum, no maintenance fee, and no inactivity fee.

Compare Ally Invest with Merrill Edge, side-by-side.

	Ally Invest	Merrill Edge
	SPECIAL OFFER Commission-Free Stock Trades - Learn More Read Ally Invest Review	SPECIAL OFFER $100 Bonus Offer - Learn More
	Benefits and Features
Stock Trading	$0 per trade	$0 per trade
Options Trading	$0 base + $0.50 per contract	$0 + $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	$0 for no load, no-transaction-fee funds ($39.95 short-term redemption fee if the fund is held less than 90 days) $19.95 for no load, transaction-fee 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	$29.95
Customer Service	(855) 880-2559	24/7
Inactivity Fee		None
Maintenance Fee		$0
Banking	Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.	Through Bank of America
Mobile App		Yes
Desktop App		Yes
Forex Trading		No
Futures Trading		No
Locations		More than 2,100 Bank of America locations
Online Community		No
Seminars		Yes
Virtual Trading		No
	CreditDonkey® Reviews
Stock Trading
Options Trading
Banking
Mobile App
Commissions and Fees
Ease of Use
Online Community
Research
Trading Platform
Pros & Cons	Pros: Low commission for stock trades No account minimums Ally platform Cons: No physical locations
Bottom Line	Good low-price discount stock broker for savvy investors... Read full review
	Commission-Free Stock Trades Open an Ally Invest account Automated Investing to Help Save Your Time	$100 Bonus Offer $150 Bonus Offer $250 Bonus Offer
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. Merrill Edge: Pricing information from published websites as of 07/10/2020.

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

Articles on Ally Invest

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