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.

	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 ETFs	All 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 For	Experienced 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
Desktop App	Yes
Two-Factor Authentication	Mobile Only
Forex Trading
Virtual Trading	Yes. Free paper trading account with $1,000,000 in fake money
Fractional Shares	Yes
Taxable Accounts	Yes
IRA Accounts	Yes
	CreditDonkey® Reviews

Stock Trading
Options Trading
Mobile App
Commissions and Fees
Ease of Use
Research
Banking
Online Community
Trading Platform
Pros & Cons	Pros: 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 Line	Good free trading app for more experienced investors... Read full review	Good low-price discount stock broker for savvy investors... Read full review

	Get Two Free Stocks, Each Valued Between $3 - $300 Get 4 Free Stocks Valued Between $7 - $3000 $75 Account Transfer Bonus	Get Up to $3,000 Get Up to $3,000 Cash Bonus Commission-Free Stock Trades
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.

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

Get 2 Free Stocks

Expires 7/31/2022

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

Get 4 Free Stocks Valued Between $7 - $3000

Get 4 Free Stocks

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

$75 Account Transfer Bonus

Get Deal

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.

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 Transfer	Cash 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

Get Up to $3,000 Cash Bonus

Get 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.

Commission-Free Stock Trades

Get Deal

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.