Ally Invest vs Scottrade

Ally Invest is a good low-price discount stock broker for savvy investors. How does it compare to Scottrade? Read our comparison chart below.

Ally Invest (formerly TradeKing) offers stock trades at $4.95 per trade and options trading at $4.95 + $0.65 per contract. There is no minimum deposit.

While Scottrade offers stock trades at $6.95 per trade and more than 500 branch office locations. There is a $2,500 minimum deposit, no maintenance fee and no inactivity fee.

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

	Ally Invest	Scottrade


	SPECIAL OFFER Get Up to $3,500 Cash Bonus and Commission Free Trades for 90 Days - Learn More Read Ally Invest Review	SPECIAL OFFER Open an Account - Learn More Read Scottrade Review
	Benefits and Features
Stock Trading	$4.95 per trade ($3.95 per equity trade special pricing for high-volume/high-balance traders)	$6.95 per trade
Options Trading	$4.95 base + $0.65 per contract ($0.50 per options contract special pricing for high-volume/high-balance traders)	$6.95 + $0.70 per contract
Minimum Deposit	$0	$2,500 for brokerage accounts No account minimum for retirement accounts
Mutual Fund Trading	$0 to buy/sell load mutual funds $9.95 to buy/sell no load mutual funds	No Fee to Buy/Sell/Exchange No-Load, No-Transaction Fee Funds $17 to Buy/Sell/Exchange No-Load Funds $0 to Buy Load Funds and $17 to Sell/Exchange Load Funds
Commission Free ETFs	100+ including ETFs from WisdomTree
Penny Stocks	$0.01 per share on the entire order for stocks priced less than $2.00. Maximum commission per order not to exceed 5% of the trade value, with minimum commission of $4.95.	$6.95 per trade + 0.5% principal for any stock trading under $1
Broker Assisted Trades	$20 + Regular Commission	$32
Customer Service	(855) 880-2559 (Open 24/7)	(800) 619-7283 (Monday to Friday 6am to 1am Eastern; Saturday and Sunday 9am to 7pm Eastern)
Inactivity Fee		$0
Maintenance Fee		$0
Banking	Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.	Scottrade Bank has no monthly maintenance fees, ATM reimbursement program, online bill pay, and mobile banking.
Mobile App
Desktop App		ScottradeELITE (requires you execute 9 or more stock or option trades during the past 3 months, have $25,000 in your primary account, or have $15,000 in your primary account and combined linked assets of $25,000 or more)
Forex Trading
Futures Trading
Locations		More than 500 branch locations
Online Community	Trader Network to connect with other investors
Seminars		In-person branch seminars, online events and live webinars
Virtual Trading		ScottradeELITE offers virtual trading
	CreditDonkey® Reviews

Stock Trading
Options Trading
Banking
Mobile App
Commissions and Fees
Ease of Use
Online Community
Research
Trading Platform
Customer Service
Pros & Cons	Pros: Low commission for stock trades No account minimums Ally LIVE platform Cons: No physical locations	Pros: Low per trade fees Physical locations Easy-to-navigate website Cons: No futures trading High broker-assisted fee
Bottom Line	Good low-price discount stock broker for savvy investors... Read full review	Solid choice for cost-conscious traders who are familiar with online investing... Read full review

	Get Up to $3,500 Cash Bonus and Commission Free Trades for 90 Days Get $50 Cash Bonus and Commission Free Trades for 90 Days Get $200 Cash Bonus and Commission Free Trades for 90 Days	Open an Account
What Others View		E*TRADE Fidelity TD Ameritrade Vanguard Merrill Edge
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 6/23/2019. Scottrade: TD Ameritrade has acquired Scottrade. Scottrade accounts will convert to TD Ameritrade on 2/26/2018. Pricing information from published website as of 03/27/2017

Which is Better: Ally Invest or Scottrade?

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 stock trading, options trading, banking, and commissions and fees are impressive. Scottrade's ease of use is impressive.

Articles on Ally Invest

Ally Invest

Ally Invest (formerly TradeKing) offers one of the lowest trade fees, but is it good? Learn the pros and cons and see comparisons with other online brokers in this in-depth review.

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.

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Ally Invest Fees

Ally Invest's low trade fees and no account minimums make it one of the top budget brokers on the market. See how its fees compare to other popular brokerages.

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 Scottrade

Scottrade Review

With low trade fees, excellent resources, and superior customer service, Scottrade is a highly trusted online broker. Read on for our in-depth review.

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