Robinhood vs Ally Invest 2018

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Robinhood vs Ally Invest is a very easy comparison. To get straight to the point, just about every broker is better than Robinhood, and Ally is the clear winner in this situation.

We wrote a detailed article explaining how Robinhood makes money by selling client order-flow to the highest bidder (Citadel, Vitru Financial, etc.) and thereby sacrificing any sort of quality execution for clients in the name of profiting. While Robinhood isn’t trading against their clients, other multi-billion dollar liquidity firms are, and they don’t fill client orders unless it’s advantageous and a profitable endeavorer.

More importantly, we also noted how Robinhood doesn’t offer basic investing necessities, like short selling, advanced options trading, mutual funds, OTC stock trading, or customer service available on the phone.

tastyworks vs Robinhood 2018

Company Ratings

Robinhood

Ally Invest

Overall

Commissions & Fees

Customer Service

Trading Platforms

Mobile App

Overall Ease of Use

Promotion Value

N/A

N/A

Fees

 Robinhood

Ally Invest

Minimum Deposit

 $0

$0

Stock Trade Fee

Free

$3.95 to $4.95

Options Ticket Charge

Free

$3.95 to $4.95

Options per Contract Fee

Free

$0.50 to $0.65

Mutual Fund Fee

N/A

$9.95

Market Data Fee

 Free

 Free

Wire fee (outgoing)

 $25

 $20

Inactivity fee

 None

 None

Investments

Robinhood

Ally Invest

Stocks

Options

Futures

Forex

Bonds

OTC Stocks

Penny Stocks

Options on Futures

Crypto

Mutual Funds

0

10,264

International Trading

Advisor Services

Trading Platforms

Robinhood

Ally Invest

Web-based

Mobile App

Downloadable (Mac)

Downloadable (PC)

Real-time Level II data

Real-time Charting

Historical Option Data

Options Analysis

iPad App

Company Info

Robinhood

Ally

In-person Branches

Customer Service hours

Email only

24/7

Sum of Client Balances

Not listed

$150bn+

Member FDIC

Savings Account

Checking Account

Free Online Banking

Margin Rates

Robinhood

Ally Invest

Under $24,999

N/A

9.25%

$25k-$49,999

N/A

9.00%

$50k-$99,999

N/A

8.25%

$100k-$249,999

N/A

7.00%

$250k-$499,999

N/A

6.00%

$500k-$1M

N/A

5.50%

Above $1M

N/A

4.75%

Full Review

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Final Thoughts on Robinhood vs Ally Invest

Although just about every stock broker is better than Robinhood, Ally Invest is a top-rated broker, and for good reason.

Ally has the lowest commissions in the entire online broker industry, tons of free trading tools and research, 24/7 customer service, access to deeply discounted futures trading through MB Trading, and so much more.

Without a doubt, Ally Invest is one of the top online stock brokers of 2018, and is dramatically better than robinhood in every category.

Although the “free” trades at Robinhood seem appealing, not saving $3.95 on a trade isn’t worth having to pay for margin trading, not being able to short sell, not being able to trade advanced options strategies, and not being able to trade OTC stocks.

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