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Ally Invest vs Robinhood 2022

Is Ally Invest better than Robinhood? After testing 15 of the best online brokers over six months, Ally Invest (74.83%) is better than Robinhood (64.85%). For current Ally customers looking to invest in stocks, Ally's universal-accounts experience and easy-to-use website offer a convenient solution.

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Overall Rating expand_moreexpand_less Ally Invest Robinhood
Overall starstarstarstarstar_border starstarstarstar_borderstar_border
Commissions & Fees starstarstarstarstar_border starstarstarstarstar_border
Investment Options starstarstarstarstar_border starstarstarstar_borderstar_border
Platforms & Tools starstarstarstar_borderstar_border starstarstar_borderstar_borderstar_border
Mobile Trading Apps starstarstarstar_borderstar_border starstarstarstarstar_border
Research starstarstarstar_borderstar_border starstarstar_borderstar_borderstar_border
Customer Service starstarstarstarstar_border N/A
Education starstarstarstar_borderstar_border starstarstarstar_borderstar_border
Ease Of Use starstarstarstarstar_border starstarstarstarstar
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Review Ally Invest Review Robinhood Review
Trading Fees expand_moreexpand_less Ally Invest Robinhood
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
Mutual Fund Trade Fee $9.95 N/A
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.50 $0.00
Futures (Per Contract) N/A N/A
Broker Assisted Trade Fee $20.00 N/A
Margin Rates expand_moreexpand_less Ally Invest Robinhood
Margin Rate Under $24,999.99 7.75% 2.50%
Margin Rate $25,000.00 to $49,999.99 7.50% 2.50%
Margin Rate $50,000.00 to $99,999.99 6.75% 2.50%
Margin Rate $100,000.00 to $249,999.99 5.50% 2.50%
Margin Rate $250,000.00 to $499,999.99 4.50% 2.50%
Margin Rate $500,000.00 to $999,999.99 4.00% 2.50%
Margin Rate Above $1,000,000.00 3.25% 2.50%
Account Fees expand_moreexpand_less Ally Invest Robinhood
IRA Annual Fee $0.00 N/A
IRA Closure Fee $25.00 N/A
Account Transfer Out (Partial) $50.00 $100.00
Account Transfer Out (Full) $50.00 $100.00
Options Exercise Fee 0.00 0.00
Options Assignment Fee 0.00 0.00
Investment Options expand_moreexpand_less Ally Invest Robinhood
Stock Trading Yes Yes
Fractional Shares No Yes
OTCBB / Pink Sheets Yes No
Options Trading Yes Yes
Complex Options Max Legs 4 4
Futures Trading No No
Forex Trading Yes No
Crypto Trading No Yes
Crypto Trading - Total Coins 0 7
Mutual Funds (No Load) 11806 0
Mutual Funds (Total) 19024 0
Bonds (US Treasury) Yes No
Bonds (Corporate) Yes No
Bonds (Municipal) Yes No
Advisor Services Yes No
International Countries (Stocks) 0 0
Order Types expand_moreexpand_less Ally Invest Robinhood
Order Type - Market Yes Yes
Order Type - Limit Yes Yes
Order Type - After Hours Yes Yes
Order Type - Stop Yes Yes
Order Type - Trailing Stop No Yes
Order Type - OCO No No
Order Type - OTO No No
Order Type - Broker Assisted Yes No
Beginners expand_moreexpand_less Ally Invest Robinhood
Education (Stocks) Yes Yes
Education (ETFs) Yes No
Education (Options) Yes Yes
Education (Mutual Funds) Yes No
Education (Bonds) Yes No
Education (Retirement) Yes No
Retirement Calculator No No
Investor Dictionary Yes Yes
Paper Trading No No
Videos No No
Webinars (Archived) Yes No
Progress Tracking No No
Interactive Learning - Quizzes No No
Stock Trading Apps expand_moreexpand_less Ally Invest Robinhood
iPhone App Yes Yes
Android App Yes Yes
Apple Watch App No Yes
Trading - Stocks Yes Yes
Trading - After-Hours Yes Yes
Trading - Simple Options Yes Yes
Trading - Complex Options Yes Yes
Order Ticket RT Quotes Yes Yes
Order Ticket SRT Quotes No Yes
Stock App Features expand_moreexpand_less Ally Invest Robinhood
Market Movers (Top Gainers) Yes Yes
Stream Live TV No No
Videos on Demand No Yes
Stock Alerts No No
Option Chains Viewable Yes Yes
Watch List (Real-time) Yes Yes
Watch List (Streaming) No No
Watch Lists - Create & Manage Yes Yes
Watch Lists - Column Customization No Yes
Watch Lists - Total Fields 21 7
Stock App Charting expand_moreexpand_less Ally Invest Robinhood
Charting - After-Hours No Yes
Charting - Can Turn Horizontally Yes No
Charting - Multiple Time Frames Yes Yes
Charting - Technical Studies 17 0
Charting - Study Customizations No No
Charting - Stock Comparisons Yes No
Trading Platforms expand_moreexpand_less Ally Invest Robinhood
Desktop Trading Platform No No
Web Trading Platform Yes Yes
Paper Trading No No
Trade Journal No No
Watch Lists - Total Fields 21 7
Stock Chart Features expand_moreexpand_less Ally Invest Robinhood
Charting - Adjust Trades on Chart No No
Charting - Indicators / Studies 117 5
Charting - Drawing Tools 36 0
Charting - Notes Yes No
Charting - Index Overlays Yes No
Charting - Historical Trades No No
Charting - Corporate Events Yes No
Charting - Custom Date Range No No
Charting - Custom Time Bars No No
Charting - Automated Analysis Yes No
Charting - Save Profiles Yes No
Trade Ideas - Technical Analysis Yes No
Charting - Study Customizations 5 2
Charting - Custom Studies No No
Day Trading expand_moreexpand_less Ally Invest Robinhood
Streaming Time & Sales No No
Streaming TV No No
Direct Market Routing - Stocks No No
Ladder Trading No No
Trade Hot Keys No No
Level 2 Quotes - Stocks No No
Trade Ideas - Backtesting Yes No
Trade Ideas - Backtesting Adv No No
Short Locator No No
Order Liquidity Rebates No No
Research Overview expand_moreexpand_less Ally Invest Robinhood
Research - Stocks Yes Yes
Research - ETFs Yes Yes
Research - Mutual Funds Yes No
Research - Pink Sheets / OTCBB Yes No
Research - Bonds No No
Screener - Stocks No No
Screener - ETFs Yes No
Screener - Mutual Funds No No
Screener - Bonds Yes No
Misc - Portfolio Allocation No Yes
Stock Research expand_moreexpand_less Ally Invest Robinhood
Stock Research - PDF Reports 2 0
Stock Research - Earnings Yes Yes
Stock Research - Insiders Yes No
Stock Research - Social No No
Stock Research - News Yes Yes
Stock Research - ESG No No
Stock Research - SEC Filings Yes No
ETF Research expand_moreexpand_less Ally Invest Robinhood
ETFs - Strategy Overview Yes Yes
ETF Fund Facts - Inception Date Yes No
ETF Fund Facts - Expense Ratio Yes No
ETF Fund Facts - Net Assets Yes No
ETF Fund Facts - Total Holdings Yes No
ETFs - Top 10 Holdings Yes No
ETFs - Sector Exposure No No
ETFs - Risk Analysis Yes No
ETFs - Ratings Yes No
ETFs - Morningstar StyleMap No No
ETFs - PDF Reports Yes No
Mutual Fund Research expand_moreexpand_less Ally Invest Robinhood
Mutual Funds - Strategy Overview Yes No
Mutual Funds - Performance Chart Yes No
Mutual Funds - Performance Analysis Yes No
Mutual Funds - Prospectus No No
Mutual Funds - 3rd Party Ratings Yes No
Mutual Funds - Fees Breakdown Yes No
Mutual Funds - Top 10 Holdings Yes No
Mutual Funds - Asset Allocation No No
Mutual Funds - Sector Allocation Yes No
Mutual Funds - Country Allocation No No
Mutual Funds - StyleMap No No
Options Trading expand_moreexpand_less Ally Invest Robinhood
Option Chains - Basic View Yes Yes
Option Chains - Strategy View Yes No
Option Chains - Streaming Yes Yes
Option Chains - Total Columns 8 17
Option Chains - Greeks 1 5
Option Chains - Quick Analysis Yes Yes
Option Analysis - P&L Charts Yes Yes
Option Probability Analysis Yes No
Option Probability Analysis Adv No No
Option Positions - Greeks Yes Yes
Option Positions - Greeks Streaming No Yes
Option Positions - Adv Analysis Yes No
Option Positions - Rolling Yes No
Option Positions - Grouping Yes Yes
Banking expand_moreexpand_less Ally Invest Robinhood
Bank (Member FDIC) Yes No
Checking Accounts Yes No
Savings Accounts Yes No
Credit Cards No No
Debit Cards Yes Yes
Mortgage Loans Yes No
Customer Service expand_moreexpand_less Ally Invest Robinhood
Phone Support (Prospect Customers) Yes No
Phone Support (Current Customers) Yes Yes
Email Support Yes Yes
Live Chat (Prospect Customers) Yes No
Live Chat (Current Customers) Yes No
24/7 Support No No
Overall expand_moreexpand_less Ally Invest Robinhood
Overall starstarstarstarstar_border starstarstarstar_borderstar_border
Commissions & Fees starstarstarstarstar_border starstarstarstarstar_border
Investment Options starstarstarstarstar_border starstarstarstar_borderstar_border
Platforms & Tools starstarstarstar_borderstar_border starstarstar_borderstar_borderstar_border
Mobile Trading Apps starstarstarstar_borderstar_border starstarstarstarstar_border
Research starstarstarstar_borderstar_border starstarstar_borderstar_borderstar_border
Education starstarstarstar_borderstar_border starstarstarstar_borderstar_border
Ease Of Use starstarstarstarstar_border starstarstarstarstar
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Ally Invest vs Robinhood Comparison

Comparing brokers side by side is no easy task. For our 2022 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Let's compare Ally Invest vs Robinhood.

Is Ally Invest or Robinhood better for beginners?

Ally Invest offers more comprehensive new investor education for beginner investors than Robinhood. Ally Invest offers investors access to Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement), while Robinhood offers investors access to Education (Stocks) and Education (Options), neither have Paper Trading and Videos.

What about Ally Invest vs Robinhood pricing?

Ally Invest and Robinhood charge the same amount for regular stock trades, $0.00. Option contracts are pricier at Ally Invest, costing $0.50 per contract versus $0.00 per contract at Robinhood. For a complete commissions summary, see our best brokers for free stock trading guide.

Does Ally Invest or Robinhood offer a wider range of investment options?

Ally Invest offers investors access to Stock Trading, Options Trading, OTCBB / Pink Sheets, Mutual Funds, Forex Trading and Advisor Services, while Robinhood offers investors access to Stock Trading, Fractional Shares and Options Trading, neither have Futures Trading. Looking at Mutual Funds, Ally Invest and Robinhood both provide customers access to 0 no transaction fee (NTF) mutual funds.

Which trading platform is better: Ally Invest or Robinhood?

To compare the trading platforms of Ally Invest and Robinhood, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Ally Invest offers a better experience. With research, Ally Invest offers superior market research. Finally, we found Robinhood to provide better mobile trading apps.

Does either broker offer banking?

Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Checking Accounts, Savings Accounts, Debit Cards and Mortgage Loans are offered by Ally Invest while Robinhood offers Debit Cards, neither have Credit Cards.

Is Ally Invest good?

For current Ally customers looking to invest in stocks, Ally's universal-accounts experience and easy-to-use website offer a convenient solution.

Is Robinhood good?

Robinhood is very easy to use; however, now that all online brokers offer $0 stock and ETF trades, Robinhood's lack of trading tools and research leaves it a step behind the competition.

Ally Invest vs Robinhood Winner

Overall winner: Ally Invest

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