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 $6/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 $3,500 Cash Bonus - Learn More Read Ally Invest Review	SPECIAL OFFER Invite Friends, Get Free Stocks - Learn More Read Robinhood Review
	Benefits and Features
Stock Trading	$0 per trade	$0
Options Trading	$0 base + $0.50 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
Commission Free ETFs	500+	all U.S. listed ETFs
Penny Stocks	$0.01 per share on the entire order for stocks priced less than $2.00.
Broker Assisted Trades	$20 + Regular Commission	$10
Customer Service	(855) 880-2559 (Open 24/7)	Monday-Friday 9am - 6pm ET
Inactivity Fee		$0
Maintenance Fee		$0
Banking	Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.	No
Mobile App		Yes
Desktop App		Yes
Forex Trading
Locations		No
Online Community		No
Seminars		No
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	Pros: Commission-free trades No minimum Cons: No IRAs Limited research No mutual funds & bonds
Bottom Line	Good low-price discount stock broker for savvy investors... Read full review	Free option to trade stocks with limited bells and whistles... Read full review
	Get Up to $3,500 Cash Bonus Commission-Free Stock Trades Get $50 Cash Bonus	Invite Friends, Get Free Stocks Free Cryptocurrency Investing Free Options Investing
What Others View		E*TRADE
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. Robinhood: Pricing information from published websites as of 02/21/2020.

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 Betterment.

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 Invest
Ally Invest (formerly TradeKing) offers free trades for stocks and ETFs, but is it good? Learn the pros and cons and see comparisons with other online brokers in this in-depth review.
• Ally Invest vs E*TRADE
• Ally Invest vs Fidelity
• Ally Invest vs TD Ameritrade
Ally Invest Fees
Ally Invest offers commission-free stock trading and no minimum deposit. But are there hidden fees? Read this review before you open an account.
• Ally Invest vs Scottrade
• Ally Invest vs Interactive Brokers
• Ally Invest vs Charles Schwab
Ally Invest Roth IRA
Ally Invest's Roth IRA account has no annual fee and low trade commissions. Is it right for your retirement funds? Read on to learn how Ally Invest Roth IRA accounts work.
Ally Invest Login
Ally Invest offers 24/7 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
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.
• Robinhood vs Acorns
• Robinhood vs Stash
• Robinhood vs Vanguard

Which Do You Think is Best?

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