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

	Visit Site	Learn More
	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	$0
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	650-761-7789 (available 24/7)
Live Chat Support	Available 24/7 (requires sign in)
Email Support	Yes
Human Advisors	No
Robo Advisor	No
Assets Under Management	$102 Billion
Penny Stocks	Yes	$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
Good For	Beginners; Active traders
Inactivity Fee	$0
Maintenance Fee	$0
Online Platform	Yes
iPhone App	Yes (4.2 stars, 4.3M ratings)
Android App	Yes (4.1 stars, 483k ratings)
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	Yes
Desktop App	None
Two-Factor Authentication	Device approvals, Authenticator app, SMS
Forex Trading	No
Futures Trading	No
Bond Trading	No
CFD Trading	No
Currency Trading	No
Customer Service	Live Chat (24 hours via Robinhood app) Phone: 650-761-7789 (available 24/7) Email: support@robinhood.com	(855) 880-2559
Locations	No
Online Community	No
Seminars	Yes
Trading Platform	Web Trading, Mobile Apps
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
Mobile App
Commissions and Fees
Customer Service
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
	Visit Site	Learn More
	Get a Free Stock (worth between $5 and $200) Buy and Sell Cryptocurrency Commission-Free Trades	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

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.

Get Deal

Commission-Free Trades

Get Deal

Trade stocks, funds, options, and cryptocurrencies

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.

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 vs Public vs Webull

Robinhood, Public, and Webull are all great options for growing your money. But which one will suit you the most?

Robinhood vs TD Ameritrade

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 Trading

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 Phone Number

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.