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ZacksTrade vs Ally Invest

ZacksTrade is a good discount broker with low fees and excellent research tools. How does it compare to Ally Invest? Read our comparison chart below.

ZacksTrade offers stock trades starting at $3 per trade, and options trading at $3 + $0.75 per contract. This discount broker is known for its robust research tools. There is an account minimum of $2,500, 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 ZacksTrade with Ally Invest, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 Ally Invest
 Learn MoreVisit Site
 

ZacksTrade

Ally Invest

Get Up to $150 Transfer Fee Credit - Learn More

Read ZacksTrade Review

SPECIAL OFFER
Commission-Free Stock Trades - Learn More

Read Ally Invest Review

 

Benefits and Features

Stock TradingGreater than $1 per share: $0.01 per share, $3 minimum; Less than $1 per share: 1% of Trade Value, $3 minimum
$0 per trade
Options Trading$3 for First Contract + $0.75 per additional
$0 base + $0.50 per contract
Minimum Deposit
$2,500
$0
Mutual Fund Trading$27.50 (Greater than $1 per share)$0 to buy/sell load mutual funds
$9.95 to buy/sell no load mutual funds
Commission Free ETFs 
500+
Penny StocksLess than $1 per share: 1% of the principle, $3 minimum.$0.01 per share on the entire order for stocks priced less than $2.00.
Broker Assisted Trades
No extra charge
$20 + Regular Commission
Customer Service9am - 6pm ET - Call (312) 265-9406 (local) or (888) 979-2257 (toll free)
(855) 880-2559
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, iOS & Android
Desktop App
ZacksTrader & ZacksTradePro
 
Forex Trading
No
Futures Trading
No
 
Locations
No physical locations
 
Virtual TradingCan request demo account pre-loaded with $1 Million in paper trading funds. Access for 90 days. 
 

CreditDonkey® Reviews

 Ally Invest
Stock Trading
Options Trading
Mobile App
Commissions and Fees
Ease of Use
Research
Trading Platform
Banking
Online Community
Pros & ConsPros:
  • Fees starting at $3 per trade
  • Outstanding research tools
  • No additional fees for broker assisted trades
Cons:
  • Not beginner friendly
  • $2,500 minimum to start
Pros:
  • Low commission for stock trades
  • No account minimums
  • Ally platform
Cons:
  • No physical locations
Bottom LineGood discount broker with low fees and excellent research tools... Read full reviewGood low-price discount stock broker for savvy investors... Read full review
 Learn MoreVisit Site
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.

    ZacksTrade: Pricing information from published website as of 10/21/2018

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

    Which is Better: ZacksTrade or Ally Invest?

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

    In short: ZacksTrade's research is impressive.


    Articles on ZacksTrade


    Articles on Ally Invest


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