Ally Invest vs Interactive Brokers

	Ally Invest	Interactive Brokers
	SPECIAL OFFER Commission-Free Stock Trades - Learn More Read Ally Invest Review	SPECIAL OFFER Referral Program - $200 Bonus - Learn More Read Interactive Brokers Review
	Benefits and Features
Stock Trading	$0 per trade	IBKR Lite: $0 per share (min $0 per order) IBKR Pro - Fixed: $0.0005 per share (min $1.00 per order, max 1.0% of trade value) IBKR Pro - Tiered: Starts at $0.0035 per share for less than 300,000 shares (min $0.35 per order, max 1% of trade value)
Options Trading	$0 base + $0.50 per contract	$0.15-$0.65 per contract ($1 minimum per order)
Annual Fee	$0	None
Cryptocurrency Trading		0.12% to 0.18% of trade value ($1.75 minimum per order)
Minimum Deposit	$0	$0
Mutual Fund Trading	$0 to buy/sell load mutual funds $0 to buy/sell no load mutual funds	$0 for no-transaction-fee funds. For transaction-fee funds, 3% trade value OR $14.95, per transaction, whichever is less
Commission Free ETFs	500+	150+
Penny Stocks	$0.01 per share on the entire order for stocks priced less than $2.00.
Broker Assisted Trades	$20 + Regular Commission	$30
Inactivity Fee	$0	$0
Maintenance Fee		$0
Banking	Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.	No
Mobile App		Yes
Desktop App		Yes
Forex Trading		Available for qualified customers
Futures Trading		Yes
Customer Service	(855) 880-2559	United States: Monday-Friday 8am - 10pm ET; Sunday 1pm - 7pm ET (24/7 Weekday service available in other countries)
Locations		No
Online Community		Yes
Seminars		Yes
Trading Platform	Web Trading, Mobile Apps	Desktop, Web Trading, Mobile Apps
Virtual Trading		Yes
	CreditDonkey® Reviews
Stock Trading
Options Trading
Mutual Fund Trading
Online Platform
Banking
Mobile App
Commissions and Fees
Ease of Use
Research
Pros & Cons		Pros: Large number of investments, including options, futures, and forex Customize trading platform Tools and opportunities for research Cons: Platform can be too much for a beginner to understand Complicated pricing structure
Bottom Line	Read full review	Good discount broker for experienced, high volume traders... Read full review
	Commission-Free Stock Trades Open an Ally Invest account Automated Investing to Help Save Your Time	Referral Program - $200 Bonus
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 01/08/2025. Interactive Brokers: Pricing information from published websites as of 10/17/2023.

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