Save money and be informed. CreditDonkey is a personal finance comparison and reviews website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†

Fidelity vs Ally Invest

Fidelity is a comprehensive online broker with in-depth research. How does it compare to Ally Invest? Read our comparison chart below.

Fidelity offers stock trades at $0 per trade and more than 180 branch locations. There is no minimum deposit.

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

 Ally Invest
 Learn MoreVisit Site
 

Fidelity

Ally Invest

SPECIAL OFFER
Commission-Free Trading - Online Stock, ETF and Option Trades - Learn More

Read Fidelity Review

SPECIAL OFFER
Get Up to $3,000 - Learn More

Read Ally Invest Review

 

Benefits and Features

Stock Trading
$0 per trade
$0 per trade
Options Trading$0 per online trade, plus $0.65 per contract
$0 base + $0.50 per contract
Annual Fee
None
 
Cryptocurrency Trading
No
 
Minimum Deposit
$0
$0
Mutual Fund Trading
  • $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).
  • $0 to buy/sell load mutual funds
  • $9.95 to buy/sell no load mutual funds
Commission Free ETFs357 including 28 Fidelity factor, sector, stock, and bond ETFs and 329 iShares® ETFs
500+
Phone Support
(800) 343-3548; available 24/7
 
Live Chat Support
No
 
Email Support
Yes
 
Human AdvisorsOptional coaching or investment management with human advisors (for added fees) 
Robo AdvisorOptional Fidelity Go robo-advisory service 
Assets Under Management
$4.9 Trillion
 
Penny Stocks $0.01 per share on the entire order for stocks priced less than $2.00.
Tax Loss Harvesting
No
 
Goal Tracker
Yes
 
Automatic Deposits
Yes
 
Broker Assisted Trades$32.95 per trade for representative-assisted trades.
$20 + Regular Commission
Customer Service 
(855) 880-2559
Good ForMore experienced DIY investors; Mutual fund investors 
Inactivity Fee
$0
 
Maintenance Fee
$0 account service fee
 
Online PlatformYes (access to Active Trader Pro is available to those who trade 36 times or more in a rolling 12 month period) 
iPhone App
Yes (4.8 stars, 1.7m ratings)
 
Android App
Yes (4.5 stars, 97k ratings)
 
BankingFidelity Cash Management Account includes reimbursed ATM fees, no monthly fee, no minimum balance requirement, FDIC insurance, mobile check deposit, free billpay and free checkwriting.Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.
Mobile App
Check
Check
Two-Factor Authentication
Yes
 
Forex Trading 
Check
Locations
More than 180
 
Online Community
Yes, it has a investor forum
 
SeminarsYes, frequent webinars and courses for beginners 
Virtual Trading
No
 
Fractional Shares
Yes
 
Taxable Accounts
Yes
 
401k Plans
Yes
 
IRA Accounts
Yes
 
Roth IRA Accounts
Yes
 
SEP IRA Accounts
Yes
 
Trust Accounts
Yes
 
529 Plans
Yes
 
 

CreditDonkey® Reviews

 Ally Invest
Stock TradingStarStarStarStarEmpty StarStarStarStarStarStar
Options TradingStarStarStarStarEmpty StarStarStarStarStarStar
Mutual Fund TradingStarStarStarStarHalf Star
BankingStarStarStarStarStarStarStarStarStarHalf Star
Mobile AppStarStarStarStarEmpty StarStarStarStarHalf StarEmpty Star
Commissions and FeesStarStarStarStarEmpty StarStarStarStarStarStar
ResearchStarStarStarStarStarStarStarStarHalf StarEmpty Star
Ease of UseStarStarStarStarEmpty Star
Online CommunityStarStarStarStarStar
Trading PlatformStarStarStarStarEmpty Star
Pros & ConsPros:
  • Research reports
  • Beginner-friendly tools
  • Mobile app
Cons:
  • Restricted platform
Pros:
  • Low commission for stock trades
  • No account minimums
  • Ally platform
Cons:
  • No physical locations
Bottom LineComprehensive online broker with in-depth research... Read full reviewGood low-price discount stock broker for savvy investors... Read full review
 Learn MoreVisit Site

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Fidelity: Pricing information from published website as of 12/05/2020.

Ally Invest: Pricing information from published website as of 04/01/2021.

Ally Invest

Get Up to $3,000

Expires 9/30/2022

The minimum qualifying deposit to receive a cash bonus is $10,000. Accounts will be reviewed 60 days after account opening to determine the total qualifying deposit. Corresponding cash bonus will be credited to the account within 10 business days. Once the bonus is credited to the account, the bonus and qualifying deposit (minus any trading losses) is not available for withdrawal for 300 days. If the qualifying deposit is withdrawn, the bonus may be revoked.

Deposit or TransferCash Bonus
$10,000 - $24,999$100
$25,000 - $99,999$250
$100,000 - $249,999$300
$250,000 - $499,999$600
$500,000 - $999,999$1,200
$1,000,000 - $1,999,999$2,000
$2,000,000+$3,000

Ally Invest

Get Up to $3,000 Cash Bonus

Expires 9/30/2022

New Ally Invest customers only. Account must be funded for at least 60 days to be eligible for cash bonus.

Ally Invest

Commission-Free Stock Trades

With no minimum account balance and no minimum trade activity

Which is Better: Fidelity or Ally Invest?

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

In short: Fidelity's research is excellent. Ally Invest's stock trading, options trading, and commissions and fees are impressive.


Articles on Fidelity

Fidelity Investments

Thinking of opening a brokerage account with Fidelity? There are many reasons to love Fidelity and a few reasons to think about going elsewhere.

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 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 Phone Number

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?





You Might Also Like

How to Buy Stocks Online

How to Buy Stocks Online

So you want to know how to buy stocks online but have questions. How to start? Are the fees high? Is it safe? This detailed guide will help.
Best Trading Platform for Beginners

Best Trading Platform for Beginners

New to investing and having trouble choosing a broker? How do you choose a trading platform that's best for beginners?
Can I Have Multiple Trading Accounts

Can I Have Multiple Trading Accounts

Is it a good (or bad) idea to have multiple trading accounts? Find out what you need to know about having two or more investment accounts.
Best Ways to Invest $50,000

Best Ways to Invest $50,000

Have $50,000 to invest? Here are 12 smart investment ideas to turn $50k into even bigger money.
Best Ways to Invest $20,000

Best Ways to Invest $20,000

What to do with $20k? Learn how to invest your savings (plus 3 investments to avoid). Imagine what it could be worth in 20 years.
The Best Way to Invest $5,000

The Best Way to Invest $5,000

What can you do with $5,000? You can turn a nest egg into passive income. Learn how to invest $5k, plus 3 investments to avoid.
Residual Income

Residual Income

How do you get residual (or passive) income? And why is it so important? Take a look at real examples to get started.
Best Investment Apps for Beginners

Best Investment Apps for Beginners

Looking to start investing? You can begin with as little as $5. Check out these cheap (or free) apps for new investors.
Best Online Brokerage

Best Online Brokerage

What is the best online brokerage accounts for beginners? Read this guide to find investing platforms for mutual funds, IRAs, day trading and more.
Best Trading Platform

Best Trading Platform

Which trading platform is the best for beginners? Using the wrong broker could lose you money. Read this review to the right one for stock and options.

Next Page:

About CreditDonkey
CreditDonkey is a personal finance comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

About Us | Reviews | Deals | Tips | Privacy | Do Not Sell My Info | Terms | Contact Us
(888) 483-4925 | 680 East Colorado Blvd, 2nd Floor | Pasadena, CA 91101
© 2022 CreditDonkey Inc. All Rights Reserved.