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Ally Invest vs ZacksTrade

Ally Invest is a good low-price discount stock broker for savvy investors. How does it compare to ZacksTrade? 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 ZacksTrade offers stock trades starting at $3 per trade, and options trading at $3 + $0.75 per contract. This discount broker is known for its robust research tools. There is an account minimum of $2,500, no maintenance fee, and no inactivity fee.

Compare Ally Invest with ZacksTrade, side-by-side.

 Ally Invest
 Visit SiteLearn More
 

Ally Invest

ZacksTrade

SPECIAL OFFER
Get Up to $3,000 - Learn More

Read Ally Invest Review

Get Up to $150 Transfer Fee Credit - Learn More

 

Benefits and Features

Stock Trading
$0 per trade
Greater than $1 per share: $0.01 per share, $1 minimum; Less than $1 per share: 1% of Trade Value, $1 minimum
Options Trading
$0 base + $0.50 per contract
$1 for First Contract + $0.75 per additional
Minimum Deposit
$0
$2,500
Mutual Fund Trading
  • $0 to buy/sell load mutual funds
  • $9.95 to buy/sell no load mutual funds
$27.50 (Greater than $1 per share)
Commission Free ETFs
500+
 
Penny Stocks$0.01 per share on the entire order for stocks priced less than $2.00.Less than $1 per share: 1% of the principle, $1 minimum.
Broker Assisted Trades
$20 + Regular Commission
No extra charge
Customer Service
(855) 880-2559
9am - 6pm ET - Call (312) 265-9406 (local) or (888) 979-2257 (toll free)
Inactivity Fee 
$0
Maintenance Fee 
$0
BankingIntegrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.
No
Mobile App
Check
Yes, iOS & Android
Desktop App 
ZacksTrader & ZacksTradePro
Forex Trading
Check
No
Futures Trading 
No
Locations 
No physical locations
Virtual Trading Can request demo account pre-loaded with $1 Million in paper trading funds. Access for 90 days.
 

CreditDonkey® Reviews

 Ally Invest
Stock TradingStarStarStarStarStar
Options TradingStarStarStarStarStar
BankingStarStarStarStarHalf Star
Mobile AppStarStarStarHalf StarEmpty Star
Commissions and FeesStarStarStarStarStar
Ease of UseStarStarStarStarEmpty Star
Online CommunityStarStarStarStarStar
ResearchStarStarStarHalf StarEmpty Star
Trading PlatformStarStarStarStarEmpty Star
Pros & ConsPros:
  • Low commission for stock trades
  • No account minimums
  • Ally platform
Cons:
  • No physical locations
Bottom LineGood low-price discount stock broker for savvy investors... Read full review
 Visit SiteLearn More

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.

ZacksTrade: Pricing information from published website as of 07/10/2020

Ally Invest

Get Up to $3,000

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 TransferCash 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

Ally Invest

Get Up to $3,000 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.

Ally Invest

Commission-Free Stock Trades

With no minimum account balance and no minimum trade activity

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.


Articles on Ally Invest

TradeKing

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 Login

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.

Which Do You Think is Best?





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