Ally Invest vs Robinhood

Ally Invest is a good low-price discount stock broker for savvy investors. How does it compare to Robinhood? 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 Robinhood offers $0 stock trades by cutting out physical offices and manual account management. Only basic stock trading can be performed on the mobile app. There is no minimum deposit or maintenance fee, though there is an optional paid premier customer tier starting at $5/month.

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

	Ally Invest	Robinhood


	SPECIAL OFFER Get Up to $3,000 - Learn More Read Ally Invest Review	OFFER Get a Free Stock (worth between $2.50 and $225) - Learn More Read Robinhood Review
	Benefits and Features
Stock Trading	$0 per trade	$0
Options Trading	$0 base + $0.50 per contract	$0
Annual Fee		None
Cryptocurrency Trading
Minimum Deposit	$0	$0
Mutual Fund Trading	$0 to buy/sell load mutual funds $9.95 to buy/sell no load mutual funds	No
Commission Free ETFs	500+	All U.S. listed ETFs
Phone Support		24/7
Live Chat Support		No
Email Support		Yes
Human Advisors		No
Robo Advisor		No
Assets Under Management		$80 Billion
Penny Stocks	$0.01 per share on the entire order for stocks priced less than $2.00.
Tax Loss Harvesting		No
Goal Tracker		No
Automatic Deposits		Yes
Broker Assisted Trades	$20 + Regular Commission	Not available
Customer Service	(855) 880-2559
Good For		Beginners; Active traders
Inactivity Fee		$0
Maintenance Fee		$0
Online Platform		Yes
iPhone App		Yes (4.2 stars, 4m ratings)
Android App		Yes (3.8 stars, 453k ratings)
Banking	Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.	Robinhood Cash Card (coming soon). No monthly fee, minimum balance, or overdraft fees; Ability to earn stock and crypto rewards.
Mobile App		Yes
Two-Factor Authentication		Yes
Forex Trading
Locations		No
Online Community		No
Seminars		No
Virtual Trading		No
Fractional Shares		Yes
Taxable Accounts		Yes
401k Plans		No
IRA Accounts		No
Roth IRA Accounts		No
SEP IRA Accounts		No
Trust Accounts		No
529 Plans		No
	CreditDonkey® Reviews

Stock Trading
Options Trading
Banking
Mobile App
Commissions and Fees
Ease of Use
Online Community
Research
Trading Platform
Minimum Deposit
Customer Service
Pros & Cons	Pros: Low commission for stock trades No account minimums Ally platform Cons: No physical locations	Pros: Commission-free trades No minimum Extended trading hours Cons: No IRAs Limited research No mutual funds & bonds
Bottom Line	Good low-price discount stock broker for savvy investors... Read full review	Free way to trade stocks with limited bells and whistles... Read full review

	Get Up to $3,000 Get Up to $3,000 Cash Bonus Commission-Free Stock Trades	Get a Free Stock (worth between $2.50 and $225) Commission-Free Trades Commission-Free Options Investing
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. Robinhood: Pricing information from published websites as of 04/18/2020.

Get Up to $3,000

Get Cash Bonus

Expires 9/30/2022

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 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

Get Cash Bonus

Expires 9/30/2022

New Ally Invest customers only. Account must be funded for at least 60 days to be eligible for cash bonus.

Commission-Free Stock Trades

Get Deal

With no minimum account balance and no minimum trade activity

Get a Free Stock (worth between $2.50 and $225)

Get a Free Stock

Commission-Free Trades

Get Deal

Trade stocks, funds, options, and cryptocurrencies

Commission-Free Options Investing

Get Deal

Robinhood offers commission-free and no monthly fee options trading.

Which is Better: Ally Invest or Robinhood?

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 options trading and research are noteworthy. In particular, the options trading is impressive. Robinhood's ease of use is impressive.

Articles on Ally Invest

Ally Trading

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 Phone Number

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 Robinhood

Robinhood Review

Robinhood lets you trade stocks commission-free and has no account minimums. Is it safe? Are there hidden fees? Read on for the pros and cons.

Buy Bitcoin on Robinhood or Coinbase Pro

Robinhood and Coinbase Pro are two of the biggest names in retail investing and crypto trading. But which is best for buying Bitcoin?

Robinhood Alternatives

When it comes to buying stocks online, many think of Robinhood first. But how do other apps compare? Is there a better commission fee-free app?

Robinhood App

Thinking about trading on Robinhood? Good job on getting started investing! But first, there are 7 things you need to know before investing on Robinhood.