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Ally Invest vs TD Ameritrade

Ally Invest is a good low-price discount stock broker for savvy investors. How does it compare to TD Ameritrade? Read our comparison chart below.

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.

While TD Ameritrade offers $0 commission online stock, ETF, and option trades. This online broker also has more than 100 branch locations. There is no minimum deposit, no maintenance fee, and no inactivity fee.

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

 

Ally Invest

TD Ameritrade

SPECIAL OFFER
Commission-Free Stock Trades - Learn More

Read Ally Invest Review

OFFER
Commission-Free Trading - Online Stock, ETF and Option Trades - Learn More

Read TD Ameritrade Review

 

Benefits and Features

Stock Trading
$0 per trade
$0 commission for online stock, ETF, and option trades
Options Trading
$0 base + $0.50 per contract
$0.65 per contract
Cryptocurrency Trading 
Yes
Minimum Deposit
$0
$0
Mutual Fund Trading
  • $0 to buy/sell load mutual funds
  • $0 to buy/sell no load mutual funds
Up to $49.95 or $74.95 for buys. $0 for sells
Commission Free ETFs
500+
550+ Commission-Free ETFs
Live Chat Support 
Yes
Penny Stocks$0.01 per share on the entire order for stocks priced less than $2.00.
Check
Broker Assisted Trades
$20 + Regular Commission
$25
Inactivity Fee 
$0
Maintenance Fee 
$0
Online Platform 
Yes
BankingIntegrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.Cash Management account offers free ATM withdrawals, no monthly maintenance fees, free online bill pay, and free check writing.
Mobile App
Check
Yes
Desktop App 
Thinkorswim
Forex Trading
Check
Yes
Futures Trading $2.25 per contract (plus exchange & regulatory fees)
Bond Trading 
Yes
CFD Trading 
No
Currency Trading 
Yes
Customer Service
(855) 880-2559
(800) 669-3900 (Open 24/7)
Locations More than 100 locations in 34 states
Seminars 
Online webcast
Trading Platform 
thinkorswim
Virtual Trading 
Yes
 

CreditDonkey® Reviews

Stock TradingStarStarStarStarStarStarStarStarHalf StarEmpty Star
Options TradingStarStarStarStarStarStarStarStarStarEmpty Star
Mutual Fund TradingStarStarStarStarStar
BankingStarStarStarStarHalf StarStarStarStarStarEmpty Star
Mobile AppStarStarStarHalf StarEmpty StarStarStarStarStarStar
Commissions and FeesStarStarStarStarStarStarStarStarHalf StarEmpty Star
Ease of UseStarStarStarStarEmpty StarStarStarStarStarStar
Online CommunityStarStarStarStarStarStarStarStarEmpty StarEmpty Star
ResearchStarStarStarHalf StarEmpty StarStarStarStarStarStar
Trading PlatformStarStarStarStarEmpty StarStarStarStarStarStar
Pros & ConsPros:
  • Low commission for stock trades
  • No account minimums
  • Ally platform
Cons:
  • No physical locations
Pros:
  • Easy to Use
  • Thinkorswim Platform
  • Customer Service
Cons:
  • Trade Fees
Bottom LineGood low-price discount stock broker for savvy investors... Read full reviewGood online broker for long-term investors... Read full review

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.

TD Ameritrade: Pricing information from published website as of 09/05/2023.

Which is Better: Ally Invest or TD Ameritrade?

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

In short: Ally Invest's stock trading, options trading, commissions and fees, and online community are impressive. TD Ameritrade's mobile app, ease of use, research, and trading platform are impressive.


Articles on Ally Invest

Ally Brokerage

Ally Invest offers free trades for stocks and ETFs. But is it good? Find out how it compares to other online brokers.

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.

Articles on TD Ameritrade

TD Ameritrade Review

TD Ameritrade fees are higher than competitors, but is it worth it? We say yes and here's why. We analyze and compare it for you in our in-depth review.

TD Ameritrade Customer Service

TD Ameritrade offers 24/7 customer service - both online and on the phone. But the best way to actually contact TD Ameritrade may surprise you. Read on.

Which Do You Think is Best?


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About CreditDonkey
CreditDonkey is a personal finance 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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