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.
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 |  | |
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 to buy/sell load mutual funds $9.95 to buy/sell no load mutual funds | $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 OneSource™. | |
| Penny Stocks | $0.01 per share on the entire order for stocks priced less than $2.00. | |
| Broker Assisted Trades | ||
| Customer Service | ||
| 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 | ||
| Locations | ||
| Online Community | ||
| Seminars | ||
| Virtual Trading | ||
CreditDonkey® Reviews | ||
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| Stock Trading |  |  |
| Options Trading | |  |
| Banking | | |
| Mobile App | | |
| Commissions and Fees | | |
| Ease of Use | | |
| Online Community | | |
| Research | | |
| Trading Platform | | |
| Mutual Fund Trading | | |
| 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... |
| | |
| What Others View | ||
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 07/18/2019. Charles Schwab: Pricing information from published websites as of 07/10/2020. | ||
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 Betterment.
In short: Ally Invest's options trading and commissions and fees are impressive. Charles Schwab's research is excellent.
Articles on Ally Invest
Ally Invest
Ally Invest offers free trades for stocks and ETFs. But is it good? Find out how it compares to other online brokers.
Ally Invest Fees
Ally Invest offers commission-free stock trading and no minimum deposit. But are there hidden fees? Read this review before you open an account.
Ally Invest Promotions
You can earn up to $3,500 with Ally Invest's exciting new offer. They have no commission fees for stocks and ETFs, making them a popular choice for investors.
Ally Invest Roth IRA
Ally Invest's Roth IRA account has no annual fee and low trade commissions. Is it right for your retirement funds? Read on to learn how Ally Invest Roth IRA accounts work.
Ally Invest Login
Ally Invest offers good customer service and online login access. The best way to connect with Ally Invest customer service may surprise you. Read on.
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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