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 | ZacksTrade | |
|---|---|---|
Get Up to $3,000 - | ||
Benefits and Features | ||
| Stock Trading | Greater than $1 per share: $0.01 per share, $1 minimum; Less than $1 per share: 1% of Trade Value, $1 minimum | |
| Options Trading | $1 for First Contract + $0.75 per additional | |
| Minimum Deposit | ||
| Mutual Fund Trading |
| $27.50 (Greater than $1 per share) |
| Commission Free ETFs | ||
| 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 | ||
| Customer Service | 9am - 6pm ET - Call (312) 265-9406 (local) or (888) 979-2257 (toll free) | |
| Inactivity Fee | ||
| Maintenance Fee | ||
| Banking | Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place. | |
| Mobile App |  | |
| Desktop App | ||
| Forex Trading | | |
| Futures Trading | ||
| Locations | ||
| Virtual Trading | Can request demo account pre-loaded with $1 Million in paper trading funds. Access for 90 days. | |
CreditDonkey® Reviews | ||
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| Stock Trading |  | |
| Options Trading | | |
| Banking |  | |
| Mobile App |  | |
| Commissions and Fees | | |
| Ease of Use | | |
| Online Community | | |
| Research | | |
| Trading Platform | | |
| Pros & Cons | Pros:
| |
| Bottom Line | Good low-price discount stock broker for savvy investors... | |
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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 | ||
Get Up to $3,000
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
New Ally Invest customers only. Account must be funded for at least 60 days to be eligible for cash bonus.
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 Roth IRA
Ally Invest Login
Which Do You Think is Best?
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