Robinhood vs Ally Invest Comparison: Fees, Features, and More (2026)

Robinhood and Ally Invest are two leading discount brokerages offering commission-free stock and ETF trading. Use this head-to-head comparison table to evaluate fees, features, trading tools, and account options to help you decide which broker is right for you in 2026.

Head-to-Head Comparison: Robinhood vs Ally Invest (2026)
Feature Robinhood Ally Invest
Website https://robinhood.com/ https://www.ally.com/invest/
Broker Type Online discount brokerage (mobile app, web, Legend) Discount (online self-directed brokerage)
Trading: Stock & ETF? Yes Yes
ETF & Stock commission $0 commissions (SEC/FINRA sell fees may apply) $0 eligible US stocks/ETFs ($2+); $4.95 + $0.01/share if <$2
Fractional Shares? Yes ($1 min; most NMS stocks/ETFs) No
Percent Allocations? No No
Crypto Trading? Yes (US-wide via Robinhood Crypto, LLC; all states, DC, PR, USVI) No
Crypto Fees MM routing: $0 commissions (RH rebate in spread); exchange routing: 0.00-0.95% volume-tiered maker/taker; transfers $0 + network fees N/A
Options Trading? Yes Yes
Options Fee $0 commissions for stock/ETF options; $0.35 Gold/$0.50 non-Gold per index contract plus regulatory/exchange fees $0 commission + $0.50 per contract
Bond Trading Available? No (individual bonds/fixed-income not supported; bond ETFs/CEFs available) Yes
Receives payment for order flow (PFOF)? Yes (receives PFOF/rebates from market makers for equities, options, and crypto) Yes
Interface: Web trading? Yes (web including Legend browser platform; iOS/Android mobile apps) Yes
Desktop trading? No; Robinhood Legend is a free browser-based (web) platform, not downloadable. No
API Trading? Yes for crypto (official US Crypto Trading API); no official stocks/equities trading API. No
Mutual Funds: Offered? No Yes
Total Mutual Funds 0 Thousands (500+ fund families)
NTF Mutual Funds 0 Over 5,400
Non-NTF Fund Fee N/A $0 (no-load); fund loads otherwise
Early Redemption Fee? N/A Yes (no Ally fee)
Redemption Hold (Days) N/A Varies by fund (prospectus); no Ally broker hold period listed
Early Redemption Fee N/A Fund-specific (often 0–2%); Ally $0 for no-load sales
Accounts: Margin Accounts? Yes Yes ($2,000 minimum equity required)
IRAs Offered? Yes (Traditional and Roth; no SEP) Yes (Traditional/Roth/Rollover at Invest; SEP at Ally Bank)
HSAs Offered? No No
Money Market Sweep? Yes Yes (Apex FDIC bank sweep; 0% interest)
CDs Offered? No Yes (brokered CDs; $24.95 per transaction)
Robo-Advisor: Offered Yes (Robinhood Strategies hybrid managed portfolios) Yes
Robo-Advisor Service Robinhood Strategies Robo Portfolios
Robo-Advisor Fees 0.25% AUM/yr; Gold ($5/mo): 0% over $100k ($250/yr cap). $50 min. ETF expenses extra. 0% cash-enhanced (30% cash buffer) or 0.30% market-focused; ETF expenses extra
Basics: Headquarters Menlo Park, CA Charlotte, NC
Year Founded 2013 2017
Clearing Firm Robinhood Securities, LLC Apex Clearing Corporation
Local Branches? No No
New Account Minimum $0 $0

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