Interactive Brokers vs Ally Invest

Interactive Brokers is a good discount broker for experienced, high volume traders. . How does it compare to Ally Invest? Read our comparison chart below.

Interactive Brokers offers trades starting at just 0.5 cents per share. It also offers a tiered pricing plan that awards high volume traders with even lower rates. There is a $10,000 opening account minimum ($3,000 for clients 25 and younger). There is a monthly activity fee unless required commission minimums are met.

While 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.

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

	Interactive Brokers	Ally Invest
	SPECIAL OFFER Referral Program - $200 Bonus - Learn More Read Interactive Brokers Review	SPECIAL OFFER Commission-Free Stock Trades - Learn More Read Ally Invest Review
	Benefits and Features
Stock Trading	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)	$0 per trade
Options Trading	$0.15-$0.65 per contract ($1 minimum per order)	$0 base + $0.50 per contract
Minimum Deposit	$0	$0
Mutual Fund Trading	$0 for no-transaction-fee funds. For transaction-fee funds, 3% trade value OR $14.95, per transaction, whichever is less, for transaction-fee funds	$0 to buy/sell load mutual funds $0 to buy/sell no load mutual funds
Commission Free ETFs	150+	500+
Penny Stocks		$0.01 per share on the entire order for stocks priced less than $2.00.
Broker Assisted Trades	$30	$20 + Regular Commission
Inactivity Fee	$0
Maintenance Fee	$0
Banking	No	Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.
Mobile App	Yes
Desktop App	Yes
Forex Trading	Available for qualified customers
Futures Trading	Yes
Customer Service	United States: Monday-Friday 8am - 10pm ET; Sunday 1pm - 7pm ET (24/7 Weekday service available in other countries)	(855) 880-2559
Locations	No
Online Community	Yes
Seminars	Yes
Virtual Trading	Yes
	CreditDonkey® Reviews
Stock Trading
Options Trading
Mutual Fund Trading
Online Platform
Banking
Mobile App
Commissions and Fees
Ease of Use
Research
Online Community
Trading Platform
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	Pros: Low commission for stock trades No account minimums Ally platform Cons: No physical locations
Bottom Line	Good discount broker for experienced, high volume traders... Read full review	Good low-price discount stock broker for savvy investors... Read full review
	Referral Program - $200 Bonus	Commission-Free Stock Trades Open an Ally Invest account Automated Investing to Help Save Your Time
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Interactive Brokers: Pricing information from published websites as of 10/17/2023. Ally Invest: Pricing information from published website as of 04/01/2021.

Which is Better: Interactive Brokers or Ally Invest?

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

In short: Interactive Brokers' mobile app is outstanding. Ally Invest's mutual fund trading, commissions and fees, and ease of use are noteworthy. In particular, the mutual fund trading and commissions and fees are impressive.

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