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Webull vs Ally Invest

Webull is a good free trading app for more experienced investors. How does it compare to Ally Invest? Read our comparison chart below.

Webull offers commission-free stock and ETF trading using their mobile app. There is no minimum deposit required.

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

 WebullAlly Invest
 Visit SiteVisit Site
 

Webull

Ally Invest

SPECIAL OFFER
Get Two Free Stocks, Each Valued Between $3 - $300 - Learn More

Read Webull Review

SPECIAL OFFER
Get Up to $3,000 - Learn More

Read Ally Invest Review

 

Benefits and Features

Stock Trading
$0
$0 per trade
Options Trading
$0
$0 base + $0.50 per contract
Annual Fee
None
 
Cryptocurrency Trading
$0
 
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
24/7
 
Penny Stocks $0.01 per share on the entire order for stocks priced less than $2.00.
Broker Assisted Trades 
$20 + Regular Commission
Customer Service
24/7 via phone and email
(855) 880-2559
Good ForExperienced investors; Active traders 
Inactivity Fee
$0
 
Maintenance Fee
$0
 
Banking
No
Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.
Mobile App
Yes
Check
Desktop App
Yes
 
Two-Factor Authentication
Mobile Only
 
Forex Trading 
Check
Virtual TradingYes. Free paper trading account with $1,000,000 in fake money 
Fractional Shares
Yes
 
Taxable Accounts
Yes
 
IRA Accounts
Yes
 
 

CreditDonkey® Reviews

 WebullAlly Invest
Stock TradingStarStarStarStarEmpty StarStarStarStarStarStar
Options TradingStarStarStarStarHalf StarStarStarStarStarStar
Mobile AppStarStarStarStarHalf StarStarStarStarHalf StarEmpty Star
Commissions and FeesStarStarStarStarStarStarStarStarStarStar
Ease of UseStarStarStarEmpty StarEmpty StarStarStarStarStarEmpty Star
ResearchStarStarStarStarEmpty StarStarStarStarHalf StarEmpty Star
BankingStarStarStarStarHalf Star
Online CommunityStarStarStarStarStar
Trading PlatformStarStarStarStarEmpty Star
Pros & ConsPros:
  • No trade fees
  • Advanced research tools
  • Extended trading hours
  • Offers fractional shares
Cons:
  • Not beginner friendly
Pros:
  • Low commission for stock trades
  • No account minimums
  • Ally platform
Cons:
  • No physical locations
Bottom LineGood free trading app for more experienced 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.

Ally Invest: Pricing information from published website as of 04/01/2021.

Webull

Get Two Free Stocks, Each Valued Between $3 - $300

Expires 7/31/2022

Open a Webull brokerage account and get two free stocks, each valued between $3-$300

Webull

Get 4 Free Stocks Valued Between $7 - $3000

Expires 7/31/2022

Make an initial deposit of any amount (even just a $0.01) and get another 4 free stocks, each valued between $7-$3000

Webull

$75 Account Transfer Bonus

  • Transfer a brokerage account over to Webull and get $75 deposited into the account. The incoming brokerage account must have at least $2,000 or more in assets to receive this bonus.
  • Transfer an IRA over to Webull and get $75 deposited into the account. The incoming IRA must have at least $5,00 or more in assets to receive this month.
Ally Invest

Get Up to $3,000

Expires 9/30/2022

The minimum qualifying deposit to receive a cash bonus is $10,000. Accounts will be reviewed 60 days after account opening to determine the total qualifying deposit. Corresponding cash bonus will be credited to the account within 10 business days. Once the bonus is credited to the account, the bonus and qualifying deposit (minus any trading losses) is not available for withdrawal for 300 days. If the qualifying deposit is withdrawn, the bonus may be revoked.

Deposit or TransferCash Bonus
$10,000 - $24,999$100
$25,000 - $99,999$250
$100,000 - $249,999$300
$250,000 - $499,999$600
$500,000 - $999,999$1,200
$1,000,000 - $1,999,999$2,000
$2,000,000+$3,000

Ally Invest

Get Up to $3,000 Cash Bonus

Expires 9/30/2022

New Ally Invest customers only. Account must be funded for at least 60 days to be eligible for cash bonus.

Ally Invest

Commission-Free Stock Trades

With no minimum account balance and no minimum trade activity

Which is Better: Webull or Ally Invest?

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

In short: Webull's mobile app is worth mentioning. Ally Invest's stock trading and ease of use are noteworthy. In particular, the stock trading is impressive.


Articles on Webull

Webull Review

Webull offers $0 trades for stocks, ETFs, options, and cryptocurrencies. But it's not perfect. Find out if Webull fits your investing needs.

Articles on Ally Invest

TradeKing

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 no commission trades. Is it right for your retirement funds? Read on to learn how Ally Invest Roth IRA accounts work.

Ally Invest Phone Number

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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