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.

	Ally Invest	Charles Schwab
	SPECIAL OFFER Get Up to $3,500 - 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
Minimum Deposit	$0	$0
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	500+	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	$20 + Regular Commission	$25.00 service charge
Customer Service	(855) 880-2559	24/7
Inactivity Fee		None
Maintenance Fee		$0
Banking	Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.	Yes
Mobile App		Yes
Desktop App		Yes
Forex Trading
Futures Trading		$1.50 per contract
Locations		300 locations
Online Community		Yes
Seminars		Yes
Virtual Trading		No
	CreditDonkey® Reviews
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: Low commission for stock trades No account minimums Ally platform Cons: No physical locations	Pros: 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	Good low-price discount stock broker for savvy investors... Read full review	Good choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research... Read full review
	Get Up to $3,500 Commission-Free Stock Trades Get Up to $3,500 Cash Bonus	$0 Commissions on Online Stock, ETF, and Options Trades 500 Commission-Free Online and Options Trades New Schwab Client - $100 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 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 Trading
Ally Invest offers free trades for stocks and ETFs. But is it good? Find out how it compares to other online brokers.
• Ally Invest vs Robinhood
• Ally Invest vs Fidelity
• Ally Invest vs TD Ameritrade
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 vs E*TRADE
• Ally Invest vs Vanguard
• Ally Invest vs Betterment
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 vs Acorns
• Ally Invest vs Merrill Edge
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.
• Charles Schwab vs Scottrade

Which Do You Think is Best?

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