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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 $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 AmeritradeAlly Invest
 Visit SiteVisit Site
 

TD Ameritrade

Ally Invest

OFFER
Commission-Free Trading - Online Stock, ETF and Option Trades - Learn More

Read TD Ameritrade Review

SPECIAL OFFER
Get Up to $3,500 - 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
Minimum Deposit
$0
$0
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
550+ Commission-Free ETFs
500+
Penny Stocks
Check
$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
 
BankingCash 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
Check
Check
Desktop App
Thinkorswim
 
Forex Trading
Check
Check
Futures Trading$2.25 per contract (plus exchange & regulatory fees) 
LocationsMore than 100 locations in 34 states 
Seminars
Online webcast
 
Virtual TradingPaper Trading to practice/test strategies and ideas. 
 

CreditDonkey® Reviews

 TD AmeritradeAlly Invest
Stock TradingStarStarStarHalf StarEmpty StarStarStarStarStarStar
Options TradingStarStarStarStarEmpty StarStarStarStarStarStar
BankingStarStarStarStarEmpty StarStarStarStarStarHalf Star
Mobile AppStarStarStarStarStarStarStarStarHalf StarEmpty Star
Commissions and FeesStarStarStarHalf StarEmpty StarStarStarStarStarStar
Ease of UseStarStarStarStarStarStarStarStarStarEmpty Star
Online CommunityStarStarStarEmpty StarEmpty StarStarStarStarStarStar
ResearchStarStarStarStarStarStarStarStarHalf StarEmpty Star
Trading PlatformStarStarStarStarStarStarStarStarStarEmpty Star
Pros & ConsPros:
  • 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 LineGood online broker for long-term investors... Read full reviewGood low-price discount stock broker for savvy investors... Read full review
 Visit SiteVisit Site

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 07/18/2019.

Ally Invest: Pricing information from published website as of 07/18/2019.

TD Ameritrade: TD Ameritrade has not influenced the content of CreditDonkey. CreditDonkey may earn compensation for accounts opened at TD Ameritrade.

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 Betterment.

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 Roth IRA

Ally Invest's Roth IRA account has no annual fee and low trade commissions. 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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About CreditDonkey
CreditDonkey is a personal finance comparison website. We publish data-driven analysis to help you save money & make savvy 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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