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 $0 per trade and options trading at $0 + $0.50 per contract. There is no minimum deposit.
While Charles Schwab offers stock and ETF trades at $0 commission and options trading at $0 commission + $0.65 per contract. 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 | Charles Schwab | |
---|---|---|
Commission-Free Stock Trades - | $0 Commissions on Online Stock, ETF, and Options Trades - | |
Benefits and Features | ||
Stock Trading | $0 commission on U.S. stocks and ETFs | |
Options Trading | ||
Minimum Deposit | ||
Mutual Fund Trading |
| $0 for no-transaction-fee funds $49.95 for all other funds |
Commission Free ETFs | 2,000+ 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. | |
Broker Assisted Trades | ||
Inactivity Fee | ||
Maintenance Fee | ||
Banking | Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place. | |
Mobile App | ||
Desktop App | ||
Forex Trading | ||
Futures Trading | ||
Customer Service | ||
Locations | ||
Online Community | ||
Seminars | ||
Virtual Trading | ||
CreditDonkey® Reviews | ||
Stock Trading | ||
Options Trading | ||
Mutual Fund Trading | ||
Banking | ||
Mobile App | ||
Commissions and Fees | ||
Ease of Use | ||
Online Community | ||
Research | ||
Trading Platform | ||
Online Platform | ||
Pros & Cons | Pros:
| Pros:
|
Bottom Line | Good low-price discount stock broker for savvy investors... | Good choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research... |
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 04/01/2021. Charles Schwab: Pricing information from published websites as of 04/09/2024. |
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 Robinhood.
In short: Ally Invest's options trading, mutual fund trading, and commissions and fees are impressive. Charles Schwab's research is excellent.