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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 $3,500 - 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
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+
Penny Stocks $0.01 per share on the entire order for stocks priced less than $2.00.
Broker Assisted Trades$32.95 per trade for representative-assisted trades.
$20 + Regular Commission
Customer Service
(800) 343-3548
(855) 880-2559
Inactivity Fee
$0
 
Maintenance Fee
$0 account service fee
 
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
Desktop AppActive Trader Pro (requires you trade 36 times or more in a rolling 12 month period) 
Forex Trading 
Check
Locations
More than 180
 
Virtual Trading
Check
 
 

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

Commission-Free Trading - Online Stock, ETF and Option Trades

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 07/18/2019.

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 Betterment.

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 low trade commissions. 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?





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

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