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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 $4.95 per trade and options trading at $4.95 + $0.65 per contract. There is no minimum deposit.
While Fidelity offers stock trades at $4.95 per trade, 93 commission free ETFs, and more than 180 branch locations. There is a $2,500 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 Cash Bonus and Commission Free Trades for 90 Days - | Get 500 Free Trades for 2 Years - | |
Benefits and Features | ||
| Stock Trading | $4.95 per trade ($3.95 per equity trade special pricing for high-volume/high-balance traders) | |
| Options Trading | $4.95 base + $0.65 per contract (50 cents per options contract special pricing for high-volume/high-balance traders) | $4.95 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 | 93 including 8 Fidelity Factor ETFs, 11 Fidelity Sector ETFs, 3 Fidelity Bond ETFs, Fidelity ONEQ, and 70 commission-free funds from iShares ETFs | |
| Penny Stocks | $0.01 per share on the entire order for stocks priced less than $2.00. Maximum commission per order not to exceed 5% of the trade value, with minimum commission of $4.95. | |
| Broker Assisted Trades | $32.95 per trade for representative-assisted trades. | |
| Customer Service | ||
| Inactivity Fee | ||
| Maintenance Fee | $12 per year for each noncore Fidelity fund under $2,000. $25 per year for SIMPLE IRAs. $48 per year ($12 per quarter) administrative fee for Fidelity HSA. | |
| 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 | | |
| Futures Trading | | |
| Locations | ||
| Online Community | Trader Network to connect with other investors | |
| 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 | | |
| Pros & Cons | Pros:
| Pros:
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| Bottom Line | Good low-price discount stock broker for savvy investors... | Comprehensive online broker with in-depth research... |
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| 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 09/18/2017 Fidelity: Pricing information from published website as of 02/28/2017 | ||
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 TD Ameritrade.
In short: Ally Invest's stock trading, options trading, and commissions and fees are impressive. Fidelity's research is excellent.
Explore Ally Invest In-Depth
Ally Invest
Ally Invest (formerly TradeKing) offers one of the lowest trade fees, but is it good? Learn the pros and cons and see comparisons with other online brokers in this in-depth review.
Ally Invest Login
Ally Invest offers 24/7 customer service and online login access. The best way to connect with Ally Invest customer service may surprise you. Read on.
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