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.

	Robinhood	Ally Invest


	OFFER Get a Free Stock (worth between $5 and $200) - Learn More Read Robinhood Review	SPECIAL OFFER Commission-Free Stock Trades - 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
Minimum Deposit	$0	$0
Mutual Fund Trading	No	$0 to buy/sell load mutual funds $0 to buy/sell no load mutual funds
Commission Free ETFs	All U.S. listed ETFs	500+
Phone Support	24/7
Live Chat Support	No
Email Support	Yes
Human Advisors	No
Robo Advisor	No
Assets Under Management	$80 Billion
Penny Stocks		$0.01 per share on the entire order for stocks priced less than $2.00.
Tax Loss Harvesting	No
Goal Tracker	No
Automatic Deposits	Yes
Broker Assisted Trades	Not available	$20 + Regular Commission
Customer Service		(855) 880-2559
Good For	Beginners; Active traders
Inactivity Fee	$0
Maintenance Fee	$0
Online Platform	Yes
iPhone App	Yes (4.2 stars, 4m ratings)
Android App	Yes (3.8 stars, 453k ratings)
Banking		Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.
Mobile App	Yes
Two-Factor Authentication	Yes
Forex Trading
Locations	No
Online Community	No
Seminars	No
Virtual Trading	No
Fractional Shares	Yes
Taxable Accounts	Yes
401k Plans	No
IRA Accounts	Yes
Roth IRA Accounts	Yes
SEP IRA Accounts	No
Trust Accounts	No
529 Plans	No
	CreditDonkey® Reviews

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: Commission-free trades No minimum Extended trading hours Cons: Limited research No mutual funds & bonds	Pros: Low commission for stock trades No account minimums Ally platform Cons: No physical locations
Bottom Line	Free way to trade stocks with limited bells and whistles... Read full review	Good low-price discount stock broker for savvy investors... Read full review

	Get a Free Stock (worth between $5 and $200) Commission-Free Trades Commission-Free Options Investing	Commission-Free Stock Trades Open an Ally Invest account Automated Investing to Help Save Your Time
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.

Get a Free Stock (worth between $5 and $200)

Get a Free Stock

Commission-Free Trades

Get Deal

Trade stocks, funds, options, and cryptocurrencies

Commission-Free Options Investing

Get Deal

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 eToro.

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.

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Ally Invest Roth IRA

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