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 | |
---|---|---|
Commission-Free Trading - Online Stock, ETF and Option Trades - | Commission-Free Stock Trades - | |
Benefits and Features | ||
Stock Trading | $0 commission for online stock, ETF, and option trades | |
Options Trading | ||
Cryptocurrency Trading | ||
Minimum Deposit | ||
Mutual Fund Trading | Up to $49.95 or $74.95 for buys. $0 for sells |
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Commission Free ETFs | ||
Live Chat Support | ||
Penny Stocks | ![]() | $0.01 per share on the entire order for stocks priced less than $2.00. |
Broker Assisted Trades | ||
Customer Service | ||
Inactivity Fee | ||
Maintenance Fee | ||
Online Platform | ||
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 | ![]() | |
Desktop App | ||
Forex Trading | ![]() | |
Futures Trading | $2.25 per contract (plus exchange & regulatory fees) | |
Bond Trading | ||
CFD Trading | ||
Currency Trading | ||
Locations | More than 100 locations in 34 states | |
Seminars | ||
Trading Platform | ||
Virtual Trading | ||
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:
| Pros:
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Bottom Line | Good online broker for long-term investors... | Good low-price discount stock broker for savvy investors... |
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.