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Ally Invest vs Robinhood 2025

StockBrokers.com

Written by StockBrokers.com

February 20, 2025

In this head to head comparison of Ally Invest vs Robinhood, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

Ally Invest
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.50
Robinhood
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.00

Range of investments

When choosing between Ally Invest and Robinhood for your investment needs, it's important to note their distinct offerings. Ally Invest shines with a broader range of investment options, featuring stock, margin, options trading, and access to mutual funds and OTC stocks. Robinhood, meanwhile, appeals to those interested in modern investment approaches, offering services like fractional shares and a diverse range of cryptocurrencies—with 22 coins available for trading. This blend of traditional and modern investing gives users various paths according to their individual preferences.

In terms of trading capabilities, both Ally Invest and Robinhood provide stock and margin trading, making them suitable for conventional stock market activities. However, Ally Invest does not offer fractional shares trading, which Robinhood does, making Robinhood a more attractive choice for those looking to invest with smaller dollar amounts. Options trading is supported by both platforms, yet only Robinhood opens the door to cryptocurrency trading, setting the stage for enthusiasts eager to dip into digital currencies.

As for special services, Ally Invest provides advisor services, aiding those who appreciate expert guidance, whereas Robinhood focuses purely on self-directed investment offerings without advisor support. For retirement planning, both platforms offer traditional and Roth IRA accounts. Overall, in terms of Range of Investments, Ally Invest receives a higher rating with 4.5 stars and a ranking of #8, compared to Robinhood's 3.5-star rating and a #13 ranking, suggesting that investors seeking a wider array of investment opportunities might find Ally Invest more accommodating.

Feature Ally Invest logoAlly Invest
Robinhood logoRobinhood
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info No Yes
OTC Stocks info Yes No
Mutual Funds info Yes No
Options Trading info Yes Yes
Futures Trading info No No
Crypto Trading info No Yes info
Crypto Trading - Total Coins info 0 22
Range of Investments 4.5/5 Stars 3.5/5 Stars

Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025

Trading platforms and tools

When it comes to trading platforms and tools, both Ally Invest and Robinhood have their own strengths and weaknesses. Neither platform offers desktop applications for Windows or Mac, but both are accessible via browser-based platforms. Ally Invest stands out with extensive charting options, offering 120 technical indicators and 36 drawing tools compared to Robinhood's 16 and 23, respectively. Additionally, Ally Invest provides features like automated technical analysis, whereas Robinhood allows stock chart order adjustments and custom date ranges. Despite these differences, Robinhood edges out Ally Invest in overall user ratings, scoring 3.5 stars compared to Ally Invest’s 3 stars, and ranking just ahead at #9 out of 16 brokers by StockBrokers.com.

For users keen on personalized and detailed market analysis, Ally Invest delivers several advantages. Its platform supports complex charting functions with 10 columns available for watch lists, significantly more than Robinhood's 3. Users can also add notes and index overlays to charts, which both platforms offer. However, Ally Invest falls short in providing paper trading, stock chart order adjustments, and custom study creation, which might limit the experience for more hands-on traders.

Robinhood, meanwhile, offers a straightforward approach geared towards casual traders who value simplicity. It provides the unique ability to adjust open orders on stock charts and displays custom date ranges. Although its tools are fewer in number, simplicity might suit beginners better. Both platforms lack a trading journal, paper trading, and the ability to display historical trades or corporate events on charts. Overall, users need to weigh these features against their trading style to decide which platform fits their needs best.

Feature Ally Invest logoAlly Invest
Robinhood logoRobinhood
Web Trading Platform info Yes Yes
Desktop Trading Platform info No No
Desktop Platform (Mac) info No No
Paper Trading info No No
Watch Lists - Total Fields info 10 3
Charting - Indicators / Studies info 120 16
Charting - Drawing Tools info 36 23
Platforms & Tools 3/5 Stars 3.5/5 Stars

Dive deeper: Best Online Brokerage Accounts for 2025, Best Paper Trading Platforms for 2025

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Beginners and education

Ally Invest and Robinhood both provide essential educational resources for beginner investors seeking to understand the mechanics of stock, ETF, and options trading. While both platforms support users with educational content in these areas, Ally Invest extends its offerings by including educational material about mutual funds and bonds, aspects that Robinhood does not cover. Neither platform currently offers paper trading, educational videos, or quizzes, which may be a consideration for those seeking interactive learning experiences. Ally Invest and Robinhood are comparably rated for education, each earning a solid four out of five stars. However, Ally Invest has a slight edge when it comes to diverse educational content, particularly for those interested in mutual funds and bonds.

Although webinars are exclusive to Robinhood, aiding users through discussions of market trends and strategies, other additional education tracking tools, such as learning progress tracking, are not featured by either platform. For those who prefer structured learning sessions, Robinhood's webinars can be advantageous. Overall, Ally Invest ranks slightly higher than Robinhood in education according to StockBrokers.com, taking the eighth spot among 16 brokers. Given these differences, new investors might choose Ally Invest for its broader educational scope on financial products, or Robinhood for its engaging webinar offerings.

Feature Ally Invest logoAlly Invest
Robinhood logoRobinhood
Education (Stocks) info Yes Yes
Education (ETFs) info Yes Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info Yes No
Education (Bonds) info Yes No
Paper Trading info No No
Videos info No No
Webinars info No Yes
Education 4/5 Stars 4/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2025

Stock trading apps

When comparing the stock trading app capabilities of Ally Invest and Robinhood, Robinhood edges out slightly ahead, earning a 4.5-star rating against Ally Invest's 4 stars. Ranked 7th out of 16 brokers by StockBrokers.com, Robinhood offers a more comprehensive suite of features that cater to a broader spectrum of users. On the other hand, Ally Invest is ranked 13th, offering solid features but lacking some of the enhanced functionalities found in Robinhood's offering.

Both Ally Invest and Robinhood provide iPhone and Android apps, catering to users on these popular platforms. Robinhood goes a step further by offering an Apple Watch app, allowing for even more accessibility, while Ally Invest does not offer this feature. In terms of trading capabilities, both platforms support mobile options trading and create custom watch lists, but Robinhood provides advanced functionalities such as streaming quotes and the ability to receive stock alerts, which are not available with Ally Invest.

Robinhood offers a more dynamic charting experience compared to Ally Invest. While both platforms allow users to view multiple time frames for charting, only Robinhood offers the ability to customize watch list columns and supports after-hours charting. Furthermore, with six technical studies available for its mobile app charting, Robinhood provides users with more tools to analyze market trends. Conversely, Ally Invest does not offer technical studies on its app, limiting some in-depth analysis capabilities.

Feature Ally Invest logoAlly Invest
Robinhood logoRobinhood
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info No Yes
Stock Alerts info No Yes
Charting - After-Hours info No Yes
Charting - Technical Studies info 0 6
Mobile Trading Apps 4/5 Stars 4.5/5 Stars

Dive deeper: Best Stock Trading Apps for 2025

Fees

When comparing Ally Invest and Robinhood, both offer $0 minimum deposits and charge no fees for regular stock trades, making them attractive options for cost-conscious investors. A notable distinction is in the options trading fees: Ally Invest charges $0.50 per contract, whereas Robinhood offers this service for free. Additionally, Ally Invest charges higher margin interest rates than Robinhood, with Ally’s rates starting at 13% for balances below $25,000 compared to Robinhood’s 5.75% for the same range. In terms of account transfers, Ally Invest is more economical, charging $50 for both partial and full transfers, while Robinhood has higher fees at $100 for each.

Ally Invest and Robinhood both provide commission-free trading, which is a significant advantage, offering a similar initial investment experience. However, Robinhood gains an edge with no fees on options contracts, making it more appealing to options traders or those looking to keep costs down. On the other hand, potential Ally Invest users should be mindful of various charges like the IRA closure fee of $25 compared to Robinhood’s lack of such fees, influencing financial strategies for retirement accounts.

For those planning on leveraging margin trading, Robinhood stands out due to its considerably lower margin rates, providing opportunity for greater cost savings. Nonetheless, for investors prioritizing ease with cost-effective account transfers, Ally Invest’s fee structure aligns better, potentially offsetting other higher charges they impose. Weighing these differences can help investors determine which brokerage aligns best with their individual trading needs and financial strategies.

Feature Ally Invest logoAlly Invest
Robinhood logoRobinhood
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Options (Per Contract) info $0.50 $0.00
Options Exercise Fee info $0.00 $0.00
Options Assignment Fee info $0.00 $0.00
IRA Annual Fee info $0.00 $0.00
IRA Closure Fee info $25.00 $0.00

Dive deeper: Best Free Trading Platforms for 2025

Day Trading

When it comes to day trading capabilities, both Ally Invest and Robinhood offer a streamlined, user-friendly experience, but their feature sets have several overlaps and differences to consider. For traders looking for advanced tools, neither platform provides streaming time and sales for stocks, streaming live TV, or direct market routing. Both also lack trading hotkeys for quick keyboard trade entries, and do not support level 2 quotes, which might be a drawback for those who need to see deeper market data.

However, one area where Robinhood edges ahead is its ladder trading feature, a useful tool for traders interested in viewing price action in a vertical format, while Ally Invest does not offer this. Nevertheless, both platforms fall short in areas like basic and advanced strategy backtesting and lack a short locator tool for real-time share shorting availability. Additionally, neither Ally Invest nor Robinhood offers order liquidity rebates, which could impact profitability for high-volume traders relying on maker/taker rebates. Overall, while each platform offers basic trading features, Robinhood might provide an edge with its ladder trading capability for those who find that useful in their trading strategies.

Feature Ally Invest logoAlly Invest
Robinhood logoRobinhood
Streaming Time & Sales info No No
Streaming TV info No No
Direct Market Routing - Stocks info No No
Level 2 Quotes - Stocks info No No info
Trade Ideas - Backtesting info No No
Trade Ideas - Backtesting Adv info No No
Short Locator info No No

Dive deeper: Best Day Trading Platforms for 2025

Market Research

When it comes to market research capabilities, Ally Invest has a more comprehensive offering than Robinhood, particularly for investors looking to dive deep into their investment choices. With Ally Invest, users can access a wider range of research tools, including those for stocks, ETFs, mutual funds, bonds, and OTCBB. This is coupled with features like the ability to see portfolio allocation by asset class and using social media sentiment data for stock research. Ally Invest's robust market research earns it a 3.5-star rating, placing it at #8 in a ranking of 16 brokers by StockBrokers.com. In contrast, Robinhood's market research resources are more limited, reflected in a 2-star rating and a #10 ranking.

Ally Invest offers investors the capability to perform comprehensive research across various asset classes, such as stocks, ETFs, and bonds. Unlike Robinhood, it also supports research for mutual funds and provides insights using social media sentiment data. Ally Invest also distinguishes itself by providing tools to see portfolio allocation by asset class, which can aid investors in maintaining a balanced investment strategy. The lack of downloadable PDF research reports and ESG research on both platforms is notable, but Ally Invest's range of tools and screeners for trade ideas across multiple asset classes sets it apart.

Robinhood also offers access to basic research tools for stocks and ETFs. However, it lacks mutual funds and bonds research capabilities, nor does it offer the ability to see portfolio allocation by asset class. Its offerings are limited to a stock screener for trade ideas and research on OTCBB. While Robinhood remains a popular choice due to its commission-free trading, those seeking detailed market research might find it lacking compared to Ally Invest's more comprehensive suite of tools.

Feature Ally Invest logoAlly Invest
Robinhood logoRobinhood
Research - Stocks info Yes Yes
Screener - Stocks info Yes Yes
Research - ETFs info Yes Yes
Screener - ETFs info Yes No
Research - Mutual Funds info Yes No
Screener - Mutual Funds info No No
Research - Bonds info Yes No
Screener - Bonds info Yes No
Research 3.5/5 Stars 2/5 Stars

Banking

When comparing the banking capabilities of online brokers Ally Invest and Robinhood, Ally Invest stands out with a range of banking services that Robinhood doesn't provide. Ally Invest offers checking and savings accounts, giving users more traditional banking options. In contrast, Robinhood does not offer these account types. Both platforms provide debit and credit cards, giving users access to some essential financial tools. Additionally, Ally Invest extends its services to include mortgage loans and certificates of deposit (CDs), both of which are not available with Robinhood. For individuals seeking a more comprehensive banking experience alongside investment services, Ally Invest offers more options compared to Robinhood's limited banking features.

Feature Ally Invest logoAlly Invest
Robinhood logoRobinhood
Checking Accounts info Yes No
Savings Accounts info Yes No
Debit Cards info Yes Yes
Credit Cards info Yes Yes
Mortgage Loans info Yes No
CDs info Yes No

Dive deeper: Best Bank Accounts for Trading Stocks for 2025

Winner

After opening live accounts and testing 16 of the best online brokers, our research and live account testing finds that Ally Invest is better than Robinhood. Ally Invest finished with an overall score of 80.1%, while Robinhood finished with a score of 77.3%.

For current Ally customers looking to invest in stocks, Ally's universal-accounts experience and easy-to-use website offer a convenient solution. Its website is far stronger than the mobile app.

FAQs

Can you trade cryptocurrency with Ally Invest or Robinhood?

When comparing Ally Invest and Robinhood for trading options, Ally Invest does not offer crypto trading, while Robinhood supports crypto trading and provides access to 22 different coins.

Dive deeper: Best Online Brokers for Crypto Trading in 2025

Does Ally Invest or Robinhood offer IRAs?

Both Ally Invest and Robinhood offer traditional and Roth IRA accounts with zero annual fees, though Ally Invest charges a $25 closure fee for IRA accounts while Robinhood does not impose a closure fee.

Dive deeper: Best IRA Accounts for 2025

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Compare

0 of 5
Overall Rating Ally Invest Robinhood
Overall 4/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 3/5 Stars 3.5/5 Stars
Mobile Trading Apps 4/5 Stars 4.5/5 Stars
Research 3.5/5 Stars 2/5 Stars
Customer Service 4/5 Stars N/A
Education 4/5 Stars 4/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review Ally Invest Review Robinhood Review
Broker Screenshots Ally Invest Robinhood
Trading Platform & Tools Gallery (click to expand)
Research Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Trading Fees Ally Invest Robinhood
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Penny Stock Fees (OTC) info $4.95 N/A
Mutual Fund Trade Fee info $0.00 N/A
Options (Per Contract) info $0.50 $0.00
Futures (Per Contract) info (Not offered) (Not offered)
Broker Assisted Trade Fee info $20 N/A
Margin Rates Ally Invest Robinhood
Margin Rate Under $25,000 info 13% 5.75%
Margin Rate $25,000 to $49,999.99 info 12.75% 5.75%
Margin Rate $50,000 to $99,999.99 info 12% 5.55%
Margin Rate $100,000 to $249,999.99 info 10.75% 5.25%
Margin Rate $250,000 to $499,999.99 info 9.75% 5.25%
Margin Rate $500,000 to $999,999.99 info 9.25% 5.25%
Margin Rate Above $1,000,000 info 8.5% 5% info
Account Fees Ally Invest Robinhood
IRA Annual Fee info $0.00 $0.00
IRA Closure Fee info $25.00 $0.00
Account Transfer Out (Partial) info $50.00 $100.00
Account Transfer Out (Full) info $50.00 $100.00
Options Exercise Fee info $0.00 $0.00
Options Assignment Fee info $0.00 $0.00
Investment Options Ally Invest Robinhood
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info No Yes
OTC Stocks info Yes No
Options Trading info Yes Yes
Complex Options Max Legs info 4 4
Futures Trading info No No
Forex Trading info No No
Crypto Trading info No Yes info
Crypto Trading - Total Coins info 0 22
Mutual Funds (No Load) info 13000 0
Mutual Funds (Total) info 14000 0
Bonds (US Treasury) info Yes No
Bonds (Corporate) info Yes No
Bonds (Municipal) info Yes No
Traditional IRAs info Yes Yes
Roth IRAs info Yes Yes
Advisor Services info Yes No
International Countries (Stocks) info 0 0
Order Types Ally Invest Robinhood
Order Type - Market info Yes Yes
Order Type - Limit info Yes Yes
Order Type - After Hours info Yes Yes
Order Type - Stop info Yes Yes
Order Type - Trailing Stop info No Yes
Order Type - OCO info No No
Order Type - OTO info No No
Order Type - Broker Assisted info Yes No
Beginners Ally Invest Robinhood
Education (Stocks) info Yes Yes
Education (ETFs) info Yes Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info Yes No
Education (Bonds) info Yes No
Education (Retirement) info Yes No
Retirement Calculator info No No
Investor Dictionary info Yes Yes
Paper Trading info No No
Videos info No No
Webinars info No Yes
Webinars (Archived) info Yes No
Progress Tracking info No No
Interactive Learning - Quizzes info No No
Stock Trading Apps Ally Invest Robinhood
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info No Yes
Trading - Stocks info Yes Yes
Trading - After-Hours info Yes Yes
Trading - Simple Options info Yes Yes
Trading - Complex Options info Yes Yes
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info No Yes
Stock App Features Ally Invest Robinhood
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info No No
Videos on Demand info No No
Stock Alerts info No Yes
Option Chains Viewable info Yes Yes
Watch List (Real-time) info Yes Yes
Watch List (Streaming) info No Yes
Watch Lists - Create & Manage info Yes Yes
Watch Lists - Column Customization info No Yes
Stock App Charting Ally Invest Robinhood
Charting - After-Hours info No Yes
Charting - Can Turn Horizontally info No No
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 0 6
Charting - Study Customizations info No Yes
Charting - Stock Comparisons info No No
Trading Platforms Ally Invest Robinhood
Active Trading Platform info N/A Robinhood Legend
Desktop Trading Platform info No No
Desktop Platform (Mac) info No No
Web Trading Platform info Yes Yes
Paper Trading info No No
Trade Journal info No No
Watch Lists - Total Fields info 10 3
Stock Chart Features Ally Invest Robinhood
Charting - Adjust Trades on Chart info No Yes
Charting - Indicators / Studies info 120 16
Charting - Drawing Tools info 36 23
Charting - Notes info Yes Yes
Charting - Index Overlays info Yes Yes
Charting - Historical Trades info No No
Charting - Corporate Events info No No
Charting - Custom Date Range info No Yes
Charting - Custom Time Bars info No Yes
Charting - Automated Analysis info Yes No
Charting - Save Profiles info Yes Yes
Trade Ideas - Technical Analysis info Yes No
Charting - Study Customizations info 8 1
Charting - Custom Studies info No No
Day Trading Ally Invest Robinhood
Streaming Time & Sales info No No
Streaming TV info No No
Direct Market Routing - Stocks info No No
Ladder Trading info No Yes
Trade Hotkeys info No No
Level 2 Quotes - Stocks info No No info
Trade Ideas - Backtesting info No No
Trade Ideas - Backtesting Adv info No No
Short Locator info No No
Order Liquidity Rebates info No No
Research Overview Ally Invest Robinhood
Research - Stocks info Yes Yes
Research - ETFs info Yes Yes
Research - Mutual Funds info Yes No
Research - Pink Sheets / OTCBB info Yes Yes
Research - Bonds info Yes No
Screener - Stocks info Yes Yes
Screener - ETFs info Yes No
Screener - Mutual Funds info No No
Screener - Bonds info Yes No
Misc - Portfolio Allocation info Yes No
Stock Research Ally Invest Robinhood
Stock Research - PDF Reports info 0 0 info
Stock Research - Earnings info No Yes
Stock Research - Insiders info Yes No
Stock Research - Social info Yes No
Stock Research - News info Yes Yes
Stock Research - ESG info No No
Stock Research - SEC Filings info No No
ETF Research Ally Invest Robinhood
ETFs - Strategy Overview info Yes Yes
ETF Fund Facts - Inception Date info No Yes
ETF Fund Facts - Expense Ratio info Yes Yes
ETF Fund Facts - Net Assets info Yes Yes
ETF Fund Facts - Total Holdings info No Yes
ETFs - Top 10 Holdings info Yes Yes
ETFs - Sector Exposure info No Yes
ETFs - Risk Analysis info No No
ETFs - Ratings info Yes No
ETFs - Morningstar StyleMap info No No
ETFs - PDF Reports info No No info
Mutual Fund Research Ally Invest Robinhood
Mutual Funds - Strategy Overview info Yes No
Mutual Funds - Performance Chart info Yes No
Mutual Funds - Performance Analysis info No No
Mutual Funds - Prospectus info No No
Mutual Funds - 3rd Party Ratings info Yes No
Mutual Funds - Fees Breakdown info No No
Mutual Funds - Top 10 Holdings info Yes No
Mutual Funds - Asset Allocation info No No
Mutual Funds - Sector Allocation info Yes No
Mutual Funds - Country Allocation info No No
Mutual Funds - StyleMap info No No
Options Trading Ally Invest Robinhood
Option Chains - Basic View info Yes Yes
Option Chains - Strategy View info Yes Yes
Option Chains - Streaming info Yes Yes
Option Chains - Total Columns info 8 17
Option Chains - Greeks info 5 5
Option Chains - Quick Analysis info Yes Yes
Option Analysis - P&L Charts info No Yes
Option Probability Analysis info Yes No
Option Probability Analysis Adv info No No
Option Positions - Greeks info Yes Yes
Option Positions - Greeks Streaming info No Yes
Option Positions - Adv Analysis info No No
Option Positions - Rolling info No Yes
Option Positions - Grouping info Yes Yes
Banking Ally Invest Robinhood
Bank (Member FDIC) info Yes No
Checking Accounts info Yes No
Savings Accounts info Yes No
Credit Cards info Yes Yes
Debit Cards info Yes Yes
Mortgage Loans info Yes No
Customer Service Ally Invest Robinhood
Phone Support (Prospect Customers) info Yes No
Phone Support (Current Customers) info Yes Yes
Email Support info Yes Yes
Live Chat (Prospect Customers) info No No
Live Chat (Current Customers) info Yes Yes
24/7 Support info Yes Yes
Overall Ally Invest Robinhood
Overall 4/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 3/5 Stars 3.5/5 Stars
Mobile Trading Apps 4/5 Stars 4.5/5 Stars
Research 3.5/5 Stars 2/5 Stars
Education 4/5 Stars 4/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review Ally Invest Review Robinhood Review
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