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Ally Invest vs Charles Schwab


 

Ally Invest

Charles Schwab

SPECIAL OFFER
Commission-Free Stock Trades - Learn More

Read Ally Invest Review

SPECIAL OFFER
$0 Commissions on Online Stock, ETF, and Options Trades - Learn More

Read Charles Schwab Review

 

Benefits and Features

Stock Trading
$0 per trade
$0 commission on U.S. stocks and ETFs
Options Trading
$0 base + $0.50 per contract
$0 + $0.65 per contract
Annual Fee
$0
None
Cryptocurrency Trading 
No
Minimum Deposit
$0
$0
Mutual Fund Trading
  • $0 to buy/sell load mutual funds
  • $0 to buy/sell no load mutual funds
$0 for funds from Schwab Mutual Fund OneSource and up to $74.95 per purchase for all other funds
Commission Free ETFs
500+
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
$20 + Regular Commission
$25.00 service charge
Inactivity Fee
$0
None
Maintenance Fee 
$0
BankingIntegrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.
Yes
Mobile App
Check
Yes
Desktop App 
Yes
Forex Trading
Check
 
Futures Trading 
$2.25 per contract
Customer Service
(855) 880-2559
24/7
Locations 
300 locations
Online Community 
Yes
Seminars 
Yes
Trading Platform
Web Trading, Mobile Apps
Desktop, Web Trading, Mobile Apps
Virtual Trading 
Yes (thinkorswim platforms)
 

CreditDonkey® Reviews

Stock TradingStarStarStarStarHalf Star
Options TradingStarStarStarHalf StarEmpty Star
Mutual Fund TradingStarStarStarStarEmpty Star
Online PlatformStarStarStarStarStar
BankingStarStarStarStarStar
Mobile AppStarStarStarHalf StarEmpty Star
Commissions and FeesStarStarStarEmpty StarEmpty Star
Ease of UseStarStarStarStarEmpty Star
ResearchStarStarStarStarStar
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:
  • Commission costs on mutual funds outside of the commission-free funds
  • Robo-advisor option requires a minimum investment of $5,000
Bottom Line 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

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.

Charles Schwab: Pricing information from published websites as of 05/21/2025.


Articles on Ally Invest

Ally Invest Roth IRA

Ally Invest's Roth IRA account has no annual fee and no commission trades. Is it right for your retirement funds? Read on to learn how Ally Invest Roth IRA accounts work.

Articles on Charles Schwab

Charles Schwab

Charles Schwab is one of the oldest names in the world of investing. With low fees, no account minimums, and robust research tools, it's a good brokerage for all levels of investors.

Which Do You Think is Best?





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