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Interactive Brokers vs Ally Invest

Interactive Brokers is a good discount broker for experienced, high volume traders. . How does it compare to Ally Invest? Read our comparison chart below.

Interactive Brokers offers trades starting at just 0.5 cents per share. It also offers a tiered pricing plan that awards high volume traders with even lower rates. There is a $10,000 opening account minimum ($3,000 for clients 25 and younger). There is a monthly activity fee unless required commission minimums are met.

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 Interactive Brokers with Ally Invest, side-by-side. Read on for an in-depth look, including ratings and reviews.

 

Interactive Brokers

Ally Invest

SPECIAL OFFER
Referral Program - $200 Bonus - Learn More

Read Interactive Brokers Review

SPECIAL OFFER
Commission-Free Stock Trades - Learn More

Read Ally Invest Review

 

Benefits and Features

Stock TradingIBKR Lite: $0 per share (min $0 per order)
IBKR Pro - Fixed: $0.0005 per share (min $1.00 per order, max 1.0% of trade value)
IBKR Pro - Tiered: Starts at $0.0035 per share for less than 300,000 shares (min $0.35 per order, max 1% of trade value)
$0 per trade
Options Trading$0.15-$0.65 per contract ($1 minimum per order)
$0 base + $0.50 per contract
Annual Fee
None
$0
Cryptocurrency Trading0.12% to 0.18% of trade value ($1.75 minimum per order) 
Minimum Deposit
$0
$0
Mutual Fund Trading$0 for no-transaction-fee funds. For transaction-fee funds, 3% trade value OR $14.95, per transaction, whichever is less
  • $0 to buy/sell load mutual funds
  • $0 to buy/sell no load mutual funds
Commission Free ETFs
150+
500+
Penny Stocks $0.01 per share on the entire order for stocks priced less than $2.00.
Broker Assisted Trades
$30
$20 + Regular Commission
Inactivity Fee
$0
$0
Maintenance Fee
$0
 
Banking
No
Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.
Mobile App
Yes
Check
Desktop App
Yes
 
Forex TradingAvailable for qualified customers
Check
Futures Trading
Yes
 
Customer ServiceUnited States: Monday-Friday 8am - 10pm ET; Sunday 1pm - 7pm ET (24/7 Weekday service available in other countries)
(855) 880-2559
Locations
No
 
Online Community
Yes
 
Seminars
Yes
 
Trading PlatformDesktop, Web Trading, Mobile Apps
Web Trading, Mobile Apps
Virtual Trading
Yes
 
 

CreditDonkey® Reviews

Stock TradingStarStarStarStarStar
Options TradingStarStarStarStarStar
Mutual Fund TradingStarStarStarStarEmpty Star
Online PlatformStarStarStarStarStar
BankingStarStarStarStarEmpty Star
Mobile AppStarStarStarStarStar
Commissions and FeesStarStarStarHalf StarEmpty Star
Ease of UseStarStarStarEmpty StarEmpty Star
ResearchStarStarStarStarEmpty Star
Pros & ConsPros:
  • Large number of investments, including options, futures, and forex
  • Customize trading platform
  • Tools and opportunities for research
Cons:
  • Platform can be too much for a beginner to understand
  • Complicated pricing structure
Bottom LineGood discount broker for experienced, high volume traders... Read full review Read full review

Referral Program - $200 Bonus

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

Interactive Brokers: Pricing information from published websites as of 10/17/2023.

Ally Invest: Pricing information from published website as of 01/08/2025.

Which is Better: Interactive Brokers or Ally Invest?

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


Articles on Interactive Brokers

Interactive Brokers Reviews

Interactive Brokers offers a robust trading platform that experienced traders favor due to its competitive fee structure and extensive range of trading options.

Articles on Ally Invest

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.

Which Do You Think is Best?





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About CreditDonkey
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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.

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