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Charles Schwab vs Ally Invest

Charles Schwab is a good choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research. How does it compare to Ally Invest? Read our comparison chart below.

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.

While 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.

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

 Ally Invest
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Charles Schwab

Ally Invest

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

Read Ally Invest Review

 

Benefits and Features

Stock Trading
$4.95 per trade
$4.95 per trade ($3.95 per equity trade special pricing for high-volume/high-balance traders)
Options Trading
$4.95 + $0.65 per contract
$4.95 base + $0.65 per contract (50 cents per options contract special pricing for high-volume/high-balance traders)
Minimum Deposit
$1,000
$0
Mutual Fund Trading$0 for no-transaction-fee funds $76 for all other funds$0 to buy/sell load mutual funds
$9.95 to buy/sell no load mutual funds
Commission Free ETFs
200+
 
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 Tradesonline pricing + $25.00 service charge
$20 + Regular Commission
Customer Service
24/7
(855) 880-2559 (Open 24/7)
Inactivity Fee
None
 
Maintenance Fee
$0
 
Banking
Yes
Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.
Mobile App
Yes
Desktop App
Yes
 
Forex Trading 
Futures Trading
$1.50 per contract
Locations
300 locations
 
Online Community
Yes
Trader Network to connect with other investors
Seminars
Yes
 
Virtual Trading
No
 
 

CreditDonkey® Reviews

 Ally Invest
Stock Trading
Options Trading
Mutual Fund Trading
Online Platform
Banking
Mobile App
Commissions and Fees
Ease of Use
Research
Online Community
Trading Platform
Pros & ConsPros:
  • 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:
  • $1,000 minimum to open a brokerage account
  • Commission costs on mutual funds outside of the commission-free funds
  • Robo-advisor option requires a minimum investment of $5,000
Pros:
  • Low commission for stock trades
  • No account minimums
  • Ally LIVE platform
Cons:
  • No physical locations
Bottom LineGood choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research... Read full reviewGood low-price discount stock broker for savvy investors... Read full review
 Learn MoreVisit Site
What Others View

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    Charles Schwab: Pricing information from published websites as of 4/16/2018

    Ally Invest: Pricing information from published website as of 09/18/2017

    Which is Better: Charles Schwab or Ally Invest?

    Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Charles Schwab or TD Ameritrade.

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


    Explore Charles Schwab In-Depth


    Explore Ally Invest In-Depth


    Which Do You Think is Best?


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