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TD Ameritrade vs Ally Invest

TD Ameritrade is a good online broker for long-term investors. How does it compare to Ally Invest? Read our comparison chart below.

TD Ameritrade offers stock trades at $6.95 per trade and 296 commission free ETFs. This online broker also has more than 100 branch locations. There is no minimum deposit, no maintenance fee, and no inactivity fee.

While 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.

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

 TD AmeritradeAlly Invest
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TD Ameritrade

Ally Invest

Get 60 Days of Commission-Free Trading - Learn More

Read TD Ameritrade Review

Get $200 Cash Bonus or $500 in Commission-Free Trades - Learn More

Read Ally Invest Review


Benefits and Features

Stock Trading
$6.95 per trade
$4.95 per trade ($3.95 per equity trade special pricing for high-volume/high-balance traders)
Options Trading
$6.95 + $0.75 per contract
$4.95 base + $0.65 per contract (50 cents per options contract special pricing for high-volume/high-balance traders)
Mutual Fund Trading$0 for no-transaction-fee mutual funds
$49.99 for no-load mutual funds
$0 for load mutual funds
$0 to buy/sell load mutual funds
$9.95 to buy/sell no load mutual funds
Commission Free ETFs
296 Commission-Free ETFs
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.
Broker Assisted Trades
$20 + Regular Commission
Customer Service
(800) 669-3900
(855) 880-2559 (Open 24/7)
Inactivity Fee
Maintenance Fee
Minimum Deposit
BankingCash Management account offers free ATM withdrawals, no monthly maintenance fees, free online bill pay, and free check writing.Integrated with banking on Manage your Ally banking and investment accounts in one place.
Mobile App
Desktop App
Forex Trading
Futures Trading$2.25 per contract (plus exchange & regulatory fees)
LocationsMore than 100 locations in 34 states 
Online Community Trader Network to connect with other investors
Online webcast
Virtual TradingPaper Trading to practice/test strategies and ideas. 

CreditDonkey® Reviews

 TD AmeritradeAlly Invest
Stock Trading
Options Trading
Mobile App
Commissions and Fees
Ease of Use
Online Community
Trading Platform
Pros & ConsPros:
  • Easy to Use
  • Thinkorswim Platform
  • Customer Service
  • Trade Fees
  • Low commission for stock trades
  • No account minimums
  • Online trader network
Bottom LineGood online broker for long-term investors... Read full reviewGood low-price discount stock broker for savvy investors... Read full review
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What Others View

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TD Ameritrade: Pricing information from published website as of 03/13/2017

Ally Invest: Pricing information from published website as of 09/18/2017

Which is Better: TD Ameritrade or Ally Invest?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing TD Ameritrade or E*TRADE.

In short: TD Ameritrade's mobile app, ease of use, research, and trading platform are impressive. Ally Invest's stock trading, options trading, banking, commissions and fees, and online community are impressive.

Explore TD Ameritrade In-Depth

Explore Ally Invest In-Depth

    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.

Which Do You Think is Best?

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Implied Volatility

Wouldn't it be nice if someone could tell you which options to trade? If you had a crystal ball that showed you how an option would perform?

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About CreditDonkey®
CreditDonkey is a stock broker comparison website. We publish data-driven analysis to help you save money & make savvy financial decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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