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Robinhood vs Ally Invest

Robinhood is a free way to trade stocks with limited bells and whistles. How does it compare to Ally Invest? Read our comparison chart below.

Robinhood offers $0 stock trades by cutting out physical offices and manual account management. Only basic stock trading can be performed on the mobile app. There is no minimum deposit or maintenance fee, though there is an optional paid premier customer tier starting at $6/month.

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

 RobinhoodAlly Invest
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Robinhood

Ally Invest

SPECIAL OFFER
Get a Free Stock from $2.50 to $200 - Learn More

Read Robinhood Review

SPECIAL OFFER
Commission-Free Stock Trades - Learn More

Read Ally Invest Review

 

Benefits and Features

Stock Trading
$0
$0 per trade
Options Trading 
$0 base + $0.50 per contract
Annual FeeAll trades are commission-free. No platform fees. 
Minimum Deposit
$0
$0
Mutual Fund Trading $0 to buy/sell load mutual funds
$9.95 to buy/sell no load mutual funds
Commission Free ETFsall U.S. listed ETFs
500+
Phone Support
No
 
Penny Stocks $0.01 per share on the entire order for stocks priced less than $2.00.
Broker Assisted Trades
$10
$20 + Regular Commission
Customer Service
Monday-Friday 9am - 6pm ET
(855) 880-2559
Inactivity Fee
$0
 
Maintenance Fee
$0
 
Banking
Coming soon
Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.
Mobile App
Yes
Desktop App
Yes
 
Forex Trading 
Locations
No
 
Online Community
No
 
Seminars
No
 
Virtual Trading
No
 
Fractional Shares
Coming Soon
 
Taxable Accounts
Yes
 
IRA Accounts
No
 
 

CreditDonkey® Reviews

 RobinhoodAlly Invest
Stock Trading
Options Trading
Mobile App
Commissions and Fees
Ease of Use
Research
Banking
Online Community
Trading Platform
Pros & ConsPros:
  • Commission-free trades
  • No minimum
  • Extended trading hours
Cons:
  • No IRAs
  • Limited research
  • No mutual funds & bonds
Pros:
  • Low commission for stock trades
  • No account minimums
  • Ally platform
Cons:
  • No physical locations
Bottom LineFree way to trade stocks with limited bells and whistles... Read full reviewGood low-price discount stock broker for savvy investors... Read full review
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What Others View

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Robinhood: Pricing information from published websites as of 04/18/2020.

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

Which is Better: Robinhood or Ally Invest?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Robinhood or Betterment.

In short: Robinhood's ease of use is impressive. Ally Invest's options trading and research are noteworthy. In particular, the options trading is impressive.


Articles on Robinhood


Articles on Ally Invest


Which Do You Think is Best?

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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 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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