E*TRADE vs Ally Invest
E*TRADE is an online broker with one of the best user interfaces. How does it compare to Ally Invest? Read our comparison chart below.
E*TRADE offers stock trades at $0 per trade. There is a $500 minimum deposit, 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 E*TRADE with Ally Invest, side-by-side. Read on for an in-depth look, including ratings and reviews.
E*TRADE | Ally Invest | |
---|---|---|
Learn more about E*TRADE - | Commission-Free Stock Trades - | |
Benefits and Features | ||
Stock Trading | ||
Options Trading |
| |
Annual Fee | ||
Minimum Deposit | $0 for self-directed brokerage accounts; Managed portfolios start at $500 minimum | |
Mutual Fund Trading | $0 for no-load, no-transaction-fee funds; $19.99 for transaction-fee funds |
|
Commission Free ETFs | ||
Penny Stocks | $0.01 per share on the entire order for stocks priced less than $2.00. | |
Broker Assisted Trades | ||
Inactivity Fee | ||
Maintenance Fee | ||
Banking | Checking account offers no minimum balance requirements, free online bill pay, and unlimited debit card and check transactions. | Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place. |
Mobile App | ||
Desktop App | E*TRADE Pro (requires you to execute at least 30 trades during a calendar quarter or maintain brokerage account balance of at least $250,000) | |
Forex Trading | ||
Futures Trading | $1.50 per contract, per side + fees (excluding bitcoin futures) | |
Customer Service | ||
Trading Platform | ||
Virtual Trading | ||
CreditDonkey® Reviews | ||
Stock Trading | ||
Options Trading | ||
Banking | ||
Mobile App | ||
Commissions and Fees | ||
Ease of Use | ||
Online Community | ||
Research | ||
Trading Platform | ||
Pros & Cons | Pros:
| |
Bottom Line | Online broker with one of the best user interfaces... | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. E*TRADE: Pricing information from published website as of 11/09/2024. Ally Invest: Pricing information from published website as of 04/01/2021. |
Which is Better: E*TRADE or Ally Invest?
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing E*TRADE or Robinhood.