Ally Invest vs Fidelity
Ally Invest is a good low-price discount stock broker for savvy investors. How does it compare to Fidelity? 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 Fidelity offers stock trades at $0 per trade and more than 180 branch locations. There is no minimum deposit.
Compare Ally Invest with Fidelity, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
 | ||
 |  | |
Ally Invest | Fidelity | |
|---|---|---|
Get Up to $3,500 - | Commission-Free Trading - Online Stock, ETF and Option Trades - | |
Benefits and Features | ||
| Stock Trading | ||
| Options Trading | $0 per online trade, plus $0.65 per contract | |
| Minimum Deposit | ||
| Mutual Fund Trading | $0 to buy/sell load mutual funds $9.95 to buy/sell no load mutual funds | $0 transaction fee for Fidelity funds $0 on purchase for NTF (no transaction fee) non-Fidelity funds. ($49.95 on redemption if held less than 60 days) $49.95 on purchase for non-Fidelity funds; $0 on redemption. (Certain funds may have a $75 transaction fee). |
| Commission Free ETFs | 357 including 28 Fidelity factor, sector, stock, and bond ETFs and 329 iShares® ETFs | |
| Penny Stocks | $0.01 per share on the entire order for stocks priced less than $2.00. | |
| Broker Assisted Trades | $32.95 per trade for representative-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. | Fidelity Cash Management Account includes reimbursed ATM fees, no monthly fee, no minimum balance requirement, FDIC insurance, mobile check deposit, free billpay and free checkwriting. |
| Mobile App |  | |
| Desktop App | Active Trader Pro (requires you trade 36 times or more in a rolling 12 month period) | |
| Forex Trading | | |
| Locations | ||
| Virtual Trading | | |
CreditDonkey® Reviews | ||
| ||
| Stock Trading |  |  |
| Options Trading | | |
| Banking | | |
| Mobile App |  | |
| Commissions and Fees | | |
| Ease of Use | | |
| Online Community | | |
| Research | | |
| Trading Platform | | |
| Mutual Fund Trading | | |
| Pros & Cons | Pros:
| Pros:
|
| Bottom Line | Good low-price discount stock broker for savvy investors... | Comprehensive online broker with in-depth research... |
| | |
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. Fidelity: Pricing information from published website as of 07/17/2020. | ||
Which is Better: Ally Invest or Fidelity?
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 stock trading, options trading, and commissions and fees are impressive. Fidelity'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 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 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 Phone Number
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 Fidelity
Fidelity Investments
Thinking of opening a brokerage account with Fidelity? There are many reasons to love Fidelity and a few reasons to think about going elsewhere.
Which Do You Think is Best?
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