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Ally Invest vs Charles Schwab

Ally Invest is a good low-price discount stock broker for savvy investors. How does it compare to Charles Schwab? Read our comparison chart below.

Ally Invest (formerly TradeKing) offers stock trades at $4.95 per trade and options trading at $4.95 + $0.65 per contract. There is no minimum deposit.

While Charles Schwab offers stock trades at $4.95 per trade and options trading at $4.95 + $0.65 per contract. It also offers 200+ commission free ETFs. There is no minimum deposit, no maintenance fee, and no inactivity fee.

Compare Ally Invest with Charles Schwab, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 Ally Invest
 Visit SiteLearn More
 

Ally Invest

Charles Schwab

SPECIAL OFFER
Get Up to $3,500 Cash Bonus and Commission Free Trades for 90 Days - Learn More

Read Ally Invest Review

SPECIAL OFFER
500 Commission-Free Online and Options Trades - Learn More

Read Charles Schwab Review

 

Benefits and Features

Stock Trading$4.95 per trade ($3.95 per equity trade special pricing for high-volume/high-balance traders)
$4.95 per trade
Options Trading$4.95 base + $0.65 per contract ($0.50 per options contract special pricing for high-volume/high-balance traders)
$4.95 + $0.65 per contract
Minimum Deposit
$0
$0
Mutual Fund Trading$0 to buy/sell load mutual funds
$9.95 to buy/sell no load mutual funds
$0 for no-transaction-fee funds $49.95 for all other funds
Commission Free ETFs100+ including ETFs from WisdomTree500+ across asset classes and fund companies, $0 commission through Schwab ETF OneSourceā„¢.
Penny Stocks$0.01 per share on the entire order for stocks priced less than $2.00. Maximum commission per order not to exceed 5% of the trade value, with minimum commission of $4.95. 
Broker Assisted Trades
$20 + Regular Commission
online pricing + $25.00 service charge
Customer Service
(855) 880-2559 (Open 24/7)
24/7
Inactivity Fee 
None
Maintenance Fee 
$0
BankingIntegrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.
Yes
Mobile App
Yes
Desktop App 
Yes
Forex Trading
 
Futures Trading
$1.50 per contract
Locations 
300 locations
Online CommunityTrader Network to connect with other investors
Yes
Seminars 
Yes
Virtual Trading 
No
 

CreditDonkey® Reviews

 Ally Invest
Stock Trading
Options Trading
Banking
Mobile App
Commissions and Fees
Ease of Use
Online Community
Research
Trading Platform
Mutual Fund Trading
Online Platform
Pros & ConsPros:
  • Low commission for stock trades
  • No account minimums
  • Ally LIVE platform
Cons:
  • No physical locations
Pros:
  • Vast selection of commission-free ETFs and mutual funds
  • 2 platforms (one for beginners and one for advanced traders)
  • 24/7 customer service including online chat
Cons:
  • Commission costs on mutual funds outside of the commission-free funds
  • Robo-advisor option requires a minimum investment of $5,000
Bottom LineGood low-price discount stock broker for savvy investors... Read full reviewGood choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research... Read full review
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What Others View

    Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

    Ally Invest: Pricing information from published website as of 5/10/2019.

    Charles Schwab: Pricing information from published websites as of 4/19/2019.

    Which is Better: Ally Invest or Charles Schwab?

    Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Ally Invest or Betterment.

    In short: Ally Invest's options trading and commissions and fees are impressive. Charles Schwab's research is excellent.


    Articles on Ally Invest


    Articles on Charles Schwab


    Which Do You Think is Best?


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