Charles Schwab vs Ally Invest

Charles Schwab is a good choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research. How does it compare to Ally Invest? Read our comparison chart below.

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.

While 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.

Compare Charles Schwab with Ally Invest, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

	Charles Schwab	Ally Invest
	SPECIAL OFFER $0 Commissions on Online Stock, ETF, and Options Trades - Learn More Read Charles Schwab Review	SPECIAL OFFER Commission-Free Stock Trades - Learn More Read Ally Invest Review
	Benefits and Features
Stock Trading	$0 commission on U.S. stocks and ETFs	$0 per trade
Options Trading	$0 + $0.65 per contract	$0 base + $0.50 per contract
Minimum Deposit	$0	$0
Mutual Fund Trading	$0 for no-transaction-fee funds $49.95 for all other funds	$0 to buy/sell load mutual funds $0 to buy/sell no load mutual funds
Commission Free ETFs	2,000+ across asset classes and fund companies, $0 commission through Schwab ETF OneSource™.	500+
Penny Stocks		$0.01 per share on the entire order for stocks priced less than $2.00.
Broker Assisted Trades	$25.00 service charge	$20 + Regular Commission
Customer Service	24/7	(855) 880-2559
Inactivity Fee	None
Maintenance Fee	$0
Banking	Yes	Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.
Mobile App	Yes
Desktop App	Yes
Forex Trading
Futures Trading	$2.25 per contract
Locations	300 locations
Online Community	Yes
Seminars	Yes
Virtual Trading	No
	CreditDonkey® Reviews
Stock Trading
Options Trading
Mutual Fund Trading
Online Platform
Banking
Mobile App
Commissions and Fees
Ease of Use
Research
Online Community
Trading Platform
Pros & Cons	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	Pros: Low commission for stock trades No account minimums Ally platform Cons: No physical locations
Bottom Line	Good choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research... Read full review	Good low-price discount stock broker for savvy investors... Read full review
	$0 Commissions on Online Stock, ETF, and Options Trades 500 Commission-Free Online and Options Trades	Commission-Free Stock Trades Open an Ally Invest account Automated Investing to Help Save Your Time
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Charles Schwab: Pricing information from published websites as of 11/14/2021. Ally Invest: Pricing information from published website as of 04/01/2021.

Which is Better: Charles Schwab or Ally Invest?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Charles Schwab or Robinhood.

In short: Charles Schwab's research is excellent. Ally Invest's options trading, mutual fund trading, and commissions and fees are impressive.

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 Robinhood

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 Acorns

Is Ally Invest Good For Beginners

Ally Invest is a popular fee-free online brokerage. Is it good for beginners? Read on.

Ally Invest Roth IRA

Ally Invest's Roth IRA account has no annual fee and no commission trades. 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.

Which Do You Think is Best?

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