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 $0 commission online stock, ETF, and option trades. 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 $0 per trade and options trading at $0 + $0.50 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, pros and cons.

	TD Ameritrade	Ally Invest
	OFFER Commission-Free Trading - Online Stock, ETF and Option Trades - Learn More Read TD Ameritrade Review	SPECIAL OFFER Commission-Free Stock Trades - Learn More Read Ally Invest Review
	Benefits and Features
Stock Trading	$0 commission for online stock, ETF, and option trades	$0 per trade
Options Trading	$0.65 per contract	$0 base + $0.50 per contract
Cryptocurrency Trading	Yes
Minimum Deposit	$0	$0
Mutual Fund Trading	Up to $49.95 or $74.95 for buys. $0 for sells	$0 to buy/sell load mutual funds $0 to buy/sell no load mutual funds
Commission Free ETFs	550+ Commission-Free ETFs	500+
Live Chat Support	Yes
Penny Stocks		$0.01 per share on the entire order for stocks priced less than $2.00.
Broker Assisted Trades	$25	$20 + Regular Commission
Customer Service	(800) 669-3900 (Open 24/7)	(855) 880-2559
Inactivity Fee	$0
Maintenance Fee	$0
Online Platform	Yes
Banking	Cash Management account offers free ATM withdrawals, no monthly maintenance fees, free online bill pay, and free check writing.	Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.
Mobile App	Yes
Desktop App	Thinkorswim
Forex Trading	Yes
Futures Trading	$2.25 per contract (plus exchange & regulatory fees)
Bond Trading	Yes
CFD Trading	No
Currency Trading	Yes
Locations	More than 100 locations in 34 states
Seminars	Online webcast
Trading Platform	thinkorswim
Virtual Trading	Yes
	CreditDonkey® Reviews
Stock Trading
Options Trading
Banking
Mobile App
Commissions and Fees
Ease of Use
Online Community
Research
Trading Platform
Mutual Fund Trading
Pros & Cons	Pros: Easy to Use Thinkorswim Platform Customer Service Cons: Trade Fees	Pros: Low commission for stock trades No account minimums Ally platform Cons: No physical locations
Bottom Line	Good online broker for long-term investors... Read full review	Good low-price discount stock broker for savvy investors... Read full review
	Commission-Free Trading - Online Stock, ETF and Option Trades Open an IRA in 15 minutes or less	Commission-Free Stock Trades Open an Ally Invest account Automated Investing to Help Save Your Time
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. TD Ameritrade: Pricing information from published website as of 09/05/2023. Ally Invest: Pricing information from published website as of 04/01/2021.

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 Robinhood.

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

Articles on TD Ameritrade

TD Ameritrade Review

TD Ameritrade fees are higher than competitors, but is it worth it? We say yes and here's why. We analyze and compare it for you in our in-depth review.

TD Ameritrade Customer Service

TD Ameritrade offers 24/7 customer service - both online and on the phone. But the best way to actually contact TD Ameritrade may surprise you. Read on.

Articles on Ally Invest

Ally Brokerage

Ally Invest offers free trades for stocks and ETFs. But is it good? Find out how it compares to other online brokers.

• Ally Invest vs Robinhood
• Ally Invest vs Acorns

Is Ally Invest Good For Beginners

Ally Invest is a popular fee-free online brokerage. Is it good for beginners? Read on.

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?

You Might Also Like

How to Buy Stocks Online

So you want to know how to buy stocks online but have questions. How to start? Are the fees high? Is it safe? This detailed guide will help.

How to Get Free Stocks

Discover 15+ platforms offering free stocks and bonuses - a fortune isn't essential.

Best Trading Platform for Beginners

Need help choosing a trading platform? Discover the 12 best for beginners in this comprehensive guide.

Can I Have Multiple Trading Accounts

Is it a good (or bad) idea to have multiple trading accounts? Find out what you need to know about having two or more investment accounts.

The Best Way to Invest $30,000

What can you do with $30k? Here are the best ways to invest your savings. Think about what it'll be worth in 20 years if you start now.

How to Invest Money

Invest smartly, even if you're new to the game. Discover how to begin investing in stocks and real estate with little money.

Best Ways to Invest $20,000

What to do with $20k? Learn how to invest your savings (plus 3 investments to avoid). Imagine what it could be worth in 20 years.

Residual Income

How do you get residual (or passive) income? And why is it so important? Take a look at real examples to get started.

Best Investment Apps for Beginners

Want the best investment apps for beginners? Discover these low-to-no-cost apps, tailored for your investing start.

Best Online Brokerage

What is the best online brokerage accounts for beginners? Read this guide to find investing platforms for mutual funds, IRAs, day trading and more.