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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 $4.95 per trade, 91 commission free ETFs, and more than 180 branch locations. There is a $2,500 minimum deposit.

While Ally Invest (formerly TradeKing) offers stock trades at $4.95 per trade and options trading at $4.95 + $0.65 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 and pros.

 FidelityAlly Invest
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Ally Invest

Get 500 Free Trades for 2 Years - Learn More

Read Fidelity Review

Get $200 Cash Bonus or $500 in Commission-Free Trades - Learn More

Read Ally Invest Review


Benefits and Features

Stock Trading
$4.95 per trade
$4.95 per trade ($3.95 per equity trade special pricing for high-volume/high-balance traders)
Options Trading$4.95 per online trade, plus $0.65 per contract$4.95 base + $0.65 per contract (50 cents per options contract special pricing for high-volume/high-balance traders)
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 ETFs91 including 6 Fidelity Factor ETFs, 11 Fidelity Sector ETFs, 3 Fidelity Bond ETFs, Fidelity ONEQ, and 70 commission-free funds from iShares ETFs 
Penny Stocks $0.01 per share on the entire order for stocks priced less than $2.00. Maximum commission per order not to exceed 5% of the trade value, with minimum commission of $4.95.
Broker Assisted Trades$32.95 per trade for representative-assisted trades.
$20 + Regular Commission
Customer Service
(800) 343-3548
(855) 880-2559 (Open 24/7)
Inactivity Fee
Maintenance Fee$12 per year for each noncore Fidelity fund under $2,000.
$25 per year for SIMPLE IRAs.
$48 per year ($12 per quarter) administrative fee for Fidelity HSA.
Minimum Deposit
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 Manage your Ally banking and investment accounts in one place.
Mobile App
Desktop AppActive Trader Pro (requires you trade 36 times or more in a rolling 12 month period) 
Forex Trading 
Futures Trading 
More than 180
Online Community Trader Network to connect with other investors
Virtual Trading

CreditDonkey® Reviews

 FidelityAlly Invest
Stock Trading
Options Trading
Mutual Fund Trading
Mobile App
Commissions and Fees
Ease of Use
Online Community
Trading Platform
Pros & ConsPros:
  • Research reports
  • Beginner-friendly tools
  • Mobile app
  • Restricted platform
  • Low commission for stock trades
  • No account minimums
  • Online trader network
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
What Others View

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    Fidelity: Pricing information from published website as of 02/28/2017

    Ally Invest: Pricing information from published website as of 09/18/2017

    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 TD Ameritrade.

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

    Explore Fidelity In-Depth

    Explore Ally Invest In-Depth

      Ally Invest

      Ally Invest (formerly TradeKing) offers one of the lowest trade fees, but is it good? Learn the pros and cons and see comparisons with other online brokers in this in-depth review.

    Which Do You Think is Best?

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