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 and reviews.

	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
Annual Fee	None	$0
Cryptocurrency Trading	No
Minimum Deposit	$0	$0
Mutual Fund Trading	$0 for funds from Schwab Mutual Fund OneSource and up to $74.95 per purchase 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
Inactivity Fee	None	$0
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
Customer Service	24/7	(855) 880-2559
Locations	300 locations
Online Community	Yes
Seminars	Yes
Trading Platform	Desktop, Web Trading, Mobile Apps	Web Trading, Mobile Apps
Virtual Trading	Yes (thinkorswim platforms)
	CreditDonkey® Reviews
Stock Trading
Options Trading
Mutual Fund Trading
Online Platform
Banking
Mobile App
Commissions and Fees
Ease of Use
Research
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
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	Read full review
	$0 Commissions on Online Stock, ETF, and Options Trades 500 Commission-Free Online and Options Trades Schwab's Referral Offer - Up to $1,000 Bonus	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 11/09/2024. 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.

Articles on Charles Schwab

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