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 | |
---|---|---|
$0 Commissions on Online Stock, ETF, and Options Trades - | Commission-Free Stock Trades - | |
Benefits and Features | ||
Stock Trading | $0 commission on U.S. stocks and ETFs | |
Options Trading | ||
Minimum Deposit | ||
Mutual Fund Trading | $0 for no-transaction-fee funds $49.95 for all other funds |
|
Commission Free ETFs | 2,000+ across asset classes and fund companies, $0 commission through Schwab ETF OneSourceā¢. | |
Penny Stocks | $0.01 per share on the entire order for stocks priced less than $2.00. | |
Broker 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. | |
Mobile App | ![]() | |
Desktop App | ||
Forex Trading | ![]() | |
Futures Trading | ||
Locations | ||
Online Community | ||
Seminars | ||
Virtual Trading | ||
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:
| Pros:
|
Bottom Line | Good choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research... | Good low-price discount stock broker for savvy investors... |
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.