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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 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 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 ($0.50 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 | 100+ including ETFs from WisdomTree | 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. 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 | ||
| 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... |
| | |
| 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. Fidelity: Pricing information from published website as of 07/20/2019. | ||
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 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 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 Fees
Ally Invest's low trade fees and no account minimums make it one of the top budget brokers on the market. See how its fees compare to other popular brokerages.
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.
Articles on Fidelity
Fidelity Review
Thinking of opening a brokerage account with Fidelity? There are many reasons to love Fidelity and a few reasons to think about going elsewhere.
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