Ally Invest vs Acorns

Ally Invest vs Acorns Comparison Table 2024
Ally Invest Acorns
3.2

Ally Invest is #35 in our broker rankings.

3.2

Acorns is #35 in our broker rankings.

United States Flag Traders from US accepted
United States Flag Traders from US accepted

Ally Invest was founded in 2005 and serves 11 million customers through its suite of investing and financial services products. The brokerage is regulated by the US SEC with FINRA and SIPC membership. The company has a substantial $197 billion in assets under management (AUM).

Acorns is a US-based investment platform launched in 2012. This SEC-registered firm aims to make investing more accessible for anyone looking to start small, catering to a range of savings goals. With over 9 million clients, the firm has earned a strong reputation and is backed by a number of well-known investors and economists.

Bonus Offer
$5
Comment by Reviewer
"Ally Invest is an all-in-one financial solution suitable for traders of all experience levels with self-directed and managed trading accounts alongside online banking, financial advice, credit cards and loans." "Acorns will meet the needs of US traders looking for flexible investment portfolios with simple flat fees and low entry requirements."
Pros
  • Responsive customer support available 24/7 with local and international telephone help, live chat and email
  • Free demo account with $50,000 virtual funds and access to all platforms and tools
  • Competitive fees including commission-free trading on eligible US stocks and ETFs
  • Managed portfolios tailored to financial goals and risk appetite
  • Regulated by the SEC and a member of the SIPC
  • Online educational content and financial advice
  • High-quality proprietary web trading platform
  • You can reinvest dividends through DRIP
  • Leveraged trading up to $1 million
  • Access to MetaTrader 4
  • Acorns Visa debit card included with all subscriptions plus a banking and investing app
  • Earn bonus investments from popular brands when you shop their offers using your Acorns card
  • Strong regulation from the SEC and membership with FINRA/SIPC, plus FDIC insurance up to $250,000
  • Flat $3 monthly fee, plus no hidden charges, minimum balance fees or overdraft penalties
  • Five risk levels from Conservative to Aggressive and a range of savings accounts
  • Bitcoin-linked ETF offering exposure without owning BTC
  • Welcome bonuses and financial incentives
Cons
  • Some features such as the stock screener are not available on the mobile app
  • Deposits and withdrawals limited to wire transfers or cheques only
  • Forex trading is available on a separate account
  • Only US stocks are available
  • Cannot manually change or choose investments
  • Narrow choice of trading instruments with no forex
  • Monthly fee might be high for those with smaller balances
  • US clients accepted only
Instruments
Forex, Stocks, ETFs, Options, Bonds Stocks, ETFs, Bonds
Demo Account
No No
Minimum Deposit
$0 $0
Trading Platforms
  • Own
  • Own
Payment Methods
Minimum Trade
$5
Regulator
SEC, FINRA SEC, FINRA
Margin Trading
Yes No
Margin Rate
3.25%
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No Yes
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS & Android iOS & Android
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
Yes Yes
Guaranteed Stop Loss
No No
Islamic Account
No No
Account Currencies
  • USD
  • USD
Stock Exchanges
Forex Trading
Ally Invest offers 50+ currency pairs with access to MetaTrader 4 and the Ally Invest Forex Advanced Desktop platforms. Spreads compare well to alternatives with a good range of majors, minors and exotics. Forex trading not offered
GBPUSD Spread
1
EURUSD Spread
1
EURGBP Spread
1
Assets
80
More Comparisons
Ally Invest
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Acorns
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