Vanguard vs Ally Invest

Vanguard is a good choice for ETF and mutual fund investors interested in Vanguard-sponsored investments. How does it compare to Ally Invest? Read our comparison chart below.

Vanguard offers $0 commission on stock and ETF online trades, $0 commission on Vanguard mutual funds, and no minimum deposit.

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

	Vanguard	Ally Invest
	Norton Internet Security 60-day free subscription - Learn More Read Vanguard 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 + $1-per-contract fee. Discounts available if you have more than $1 million assets invested in Vanguard ETFs and mutual funds	$0 base + $0.50 per contract
Minimum Deposit	$0	$0
Mutual Fund Trading	$0 for Vanguard mutual funds	$0 to buy/sell load mutual funds $0 to buy/sell no load mutual funds
Commission Free ETFs	Around 1,800 ETFs from about 100 other companies	500+
Penny Stocks		$0.01 per share on the entire order for stocks priced less than $2.00.
Broker Assisted Trades	$25.00	$20 + Regular Commission
Inactivity Fee	$0
Maintenance Fee	$20/year. Waived if account owner signs up for e-delivery service OR have at least $10,000 in Vanguard ETFs and mutual funds
Banking	No	Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.
Mobile App	Yes
Desktop App	Yes
Forex Trading	Yes
Futures Trading	No
Customer Service	Monday-Friday 8am -10pm ET	(855) 880-2559
Locations	No
Online Community	No
Seminars	Yes
Virtual Trading	No
	CreditDonkey® Reviews
Stock Trading
Options Trading
Mutual Fund Trading
Mobile App
Commissions and Fees
Ease of Use
Research
Banking
Online Community
Trading Platform
Pros & Cons	Pros: Large selection of mutual funds and commission-free ETFs Broker assistance is available at no additional cost Easy to use Cons: Commission structure penalizes frequent traders Customer service wait times Commission costs on non-Vanguard investment options	Pros: Low commission for stock trades No account minimums Ally platform Cons: No physical locations
Bottom Line	Good choice for ETF and mutual fund investors interested in Vanguard-sponsored investments... Read full review	Good low-price discount stock broker for savvy investors... Read full review
		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. Vanguard: Pricing information from published websites as of 10/17/2023. Ally Invest: Pricing information from published website as of 04/01/2021.

Which is Better: Vanguard or Ally Invest?

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

In short: Vanguard's ease of use is impressive. Ally Invest's stock trading, options trading, and commissions and fees are impressive.

Articles on Vanguard

Vanguard

Vanguard Brokerage may be a full-service broker, but typically long-term investors preferring ETFs and mutual funds see the greatest return on their investment with them.

• Vanguard vs Robinhood

Articles on Ally Invest

Ally Invest Review

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 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?

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