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 and reviews.
 | ||
| Visit Site | Learn More | |
Robinhood | Ally Invest | |
|---|---|---|
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 |
| |
| Commission Free ETFs | All U.S. listed ETFs | |
| Phone Support | ||
| Live Chat Support | Available 24/7 (requires sign in) | |
| 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 | ||
| Good For | ||
| Inactivity Fee | ||
| Maintenance Fee | ||
| Online Platform | ||
| iPhone App | ||
| Android App | ||
| Banking | Offers Robinhood spending account with Robinhood Cash Card issued by Sutton Bank | Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place. |
| Mobile App |  | |
| Desktop App | ||
| Two-Factor Authentication | Device approvals, Authenticator app, SMS | |
| Forex Trading | | |
| Futures Trading | ||
| Bond Trading | ||
| CFD Trading | ||
| Currency Trading | ||
| Customer Service | Live Chat (24 hours via Robinhood app) Phone: 650-761-7789 (available 24/7) Email: support@robinhood.com | |
| Locations | ||
| Online Community | ||
| Seminars | ||
| Trading Platform | ||
| Virtual Trading | ||
| Fractional Shares | ||
| Taxable Accounts | ||
| 401k Plans | ||
| IRA Accounts | ||
| Roth IRA Accounts | ||
| SEP IRA Accounts | ||
| Trust Accounts | ||
| 529 Plans | ||
CreditDonkey® Reviews | ||
| ||
| Stock Trading |  | |
| Options Trading |  | |
| Minimum Deposit | | |
| Mobile App | | |
| Commissions and Fees | | |
| Customer Service | | |
| Ease of Use | | |
| Research | | |
| Pros & Cons | Pros:
| |
| Bottom Line | Free way to trade stocks with limited bells and whistles... | |
| 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 08/13/2024. Ally Invest: Pricing information from published website as of 04/01/2021. | ||
Buy and Sell Cryptocurrency
Robinhood Crypto offers commission-free cryptocurrency investments 24/7. Some of the cryptocurrencies available are Bitcoin, Dogecoin, Ethereum, and Litecoin. This offer is currently available to selected states.
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 Acorns.
Articles on Robinhood
Robinhood Review
Robinhood lets you trade stocks commission-free and has no account minimums. Is it safe? Are there hidden fees? Read on for the pros and cons.
Robinhood Alternatives
Looking for apps like Robinhood but with a twist? Find the best alternatives with superior features. Do better in online trading with these apps.
Robinhood 24/7 Trading
Unfortunately, Robinhood doesn't offer 24/7 trading. Luckily, it comes close: 24/5. Does it fit you and your trading style?
Robinhood vs Fidelity vs Vanguard
Robinhood, Fidelity, and Vanguard are great options if you're looking for an investment platform to grow your money. But which one is right for you?
Robinhood vs Public vs Webull
Robinhood, Public, and Webull are all great options for growing your money. But which one will suit you the most?
Fidelity vs Webull
Robinhood, Webull, Fidelity - three big investing platforms, but which is best for you? Find out in this detailed comparison guide.
Robinhood IRA Review
Robinhood offers some of the most unique IRAs on the market. But are they any good? Read on to find out.
Is Robinhood Safe
Are you worried about the safety of your investments? Let's examine the security features of Robinhood to determine if it's a reliable choice. Read on.
How Does Robinhood Make Money
Robinhood earns money through payment for order flow, interest rates, and subscriptions. Learn how these factors contribute to Robinhood's success.
Buy Bitcoin on Robinhood or Coinbase Pro
Robinhood and Coinbase Pro are two of the biggest names in retail investing and crypto trading. But which is best for buying Bitcoin?
Articles on Ally Invest
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.
Which Do You Think is Best?
You Might Also Like
Best Stock Buying Apps
The best investment apps let you trade stocks on the go, right from your phone. But which one is the best for you? Read on to find out.
How to Get Free Stocks
Discover 15+ platforms offering free stocks and bonuses - a fortune isn't essential.
Best Trading Platform for Beginners
Need help choosing a trading platform? Discover the 12 best for beginners in this comprehensive guide.
CD Rates Calculator
How much interest will you earn on your CD? Enter a few details to calculate your APY and ending balance.
Small Investments That Make Money
You don't need to be rich to start investing. Here are 15 easy ways to invest small amounts of money.
Can I Have Multiple Trading Accounts
Is it a good (or bad) idea to have multiple trading accounts? Find out what you need to know about having two or more investment accounts.
The Best Way to Invest $30,000
What can you do with $30k? Here are the best ways to invest your savings. Think about what it'll be worth in 20 years if you start now.
How to Invest Money
Invest smartly, even if you're new to the game. Discover how to begin investing in stocks and real estate with little money.
Residual Income
How do you get residual (or passive) income? And why is it so important? Take a look at real examples to get started.
Best Investment Apps for Beginners
Looking to start investing but are overwhelmed with the process? These low-cost, beginner-friendly apps can help you get started.
Next Page: Robinhood
