Robinhood vs Ally Invest
Robinhood is a free way to trade stocks with limited bells and whistles. How does it compare to Ally Invest? Read our comparison chart below.
Robinhood offers $0 stock trades by cutting out physical offices and manual account management. Only basic stock trading can be performed on the mobile app. There is no minimum deposit or maintenance fee, though there is an optional paid premier customer tier starting at $5/month.
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 Robinhood with Ally Invest, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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Visit Site | Learn More | |
Robinhood | Ally Invest | |
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Get a Free Stock (worth between $5 and $200) - | Commission-Free Stock Trades - | |
Benefits and Features | ||
Stock Trading | ||
Options Trading | ||
Annual Fee | ||
Cryptocurrency Trading | ||
Minimum Deposit | ||
Mutual Fund Trading |
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Commission Free ETFs | All U.S. listed ETFs | |
Phone Support | ||
Live Chat Support | ||
Email Support | ||
Human Advisors | ||
Robo Advisor | ||
Assets Under Management | ||
Penny Stocks | $0.01 per share on the entire order for stocks priced less than $2.00. | |
Tax Loss Harvesting | ||
Goal Tracker | ||
Automatic Deposits | ||
Broker Assisted Trades | ||
Customer Service | ||
Good For | ||
Inactivity Fee | ||
Maintenance Fee | ||
Online Platform | ||
iPhone App | ||
Android App | ||
Banking | Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place. | |
Mobile App | ![]() | |
Two-Factor Authentication | ||
Forex Trading | ![]() | |
Locations | ||
Online Community | ||
Seminars | ||
Virtual Trading | ||
Fractional Shares | ||
Taxable Accounts | ||
401k Plans | ||
IRA Accounts | ||
Roth IRA Accounts | ||
SEP IRA Accounts | ||
Trust Accounts | ||
529 Plans | ||
CreditDonkey® Reviews | ||
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Stock Trading | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Options Trading | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Minimum Deposit | ![]() ![]() ![]() ![]() ![]() | |
Customer Service | ![]() ![]() ![]() ![]() ![]() | |
Mobile App | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Commissions and Fees | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Ease of Use | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Research | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Mutual Fund Trading | ![]() ![]() ![]() ![]() ![]() | |
Banking | ![]() ![]() ![]() ![]() ![]() | |
Online Community | ![]() ![]() ![]() ![]() ![]() | |
Trading Platform | ![]() ![]() ![]() ![]() ![]() | |
Pros & Cons | Pros:
| Pros:
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Bottom Line | Free way to trade stocks with limited bells and whistles... | Good low-price discount stock broker for savvy investors... |
Visit Site | Learn More | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Robinhood: Pricing information from published websites as of 04/18/2020. Ally Invest: Pricing information from published website as of 04/01/2021. |
Commission-Free Options Investing
Robinhood offers commission-free and no monthly fee options trading.
Which is Better: Robinhood or Ally Invest?
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Robinhood or Goldco.
In short: Robinhood's ease of use is impressive. Ally Invest's options trading and research are noteworthy. In particular, the options trading is impressive.