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, reviews, pros and cons.

	Interactive Brokers	Ally Invest


	Earn $200 with Referrals - Learn More Read Interactive Brokers Review	SPECIAL OFFER Commission-Free Stock Trades - Learn More Read Ally Invest Review
	Benefits and Features
Stock Trading	Fixed pricing: $0.005 per share (min $0.35 per order, max 1.0% of trade value). Tiered pricing: 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	$.15-$.70 per contract ($1 minimum per order)	$0 base + $0.50 per contract
Minimum Deposit	$10,000 for individual accounts; $5,000 for IRAs; $3,000 for clients 25 and under	$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, for transaction-fee funds	$0 to buy/sell load mutual funds $9.95 to buy/sell no load mutual funds
Commission Free ETFs	48	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
Customer Service	United States: Monday-Friday 8am - 10pm ET; Sunday 1pm - 7pm ET (24/7 Weekday service available in other countries)	(855) 880-2559
Inactivity Fee	$10/month for accounts under $100,000; $20/month for accounts under $2,000; $3/month for clients 25 and younger
Maintenance Fee	Waived if account value is at least $100,000 OR if monthly commission requirements are met. If not met, the activity fee is the difference. For accounts less than $100,000: the commission requirement is $10/month. For accounts less than $2,000: the commission requirement is $20/month. For clients 25 and younger: the commission requirement is $3/month.
Banking	No	Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.
Mobile App	Yes
Desktop App	Yes
Forex Trading	Available for qualified customers
Futures Trading	Yes
Locations	No
Online Community	Yes
Seminars	Yes
Virtual Trading	Yes
	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: Large number of investments, including options, futures, and forex Customize trading platform Tools and opportunities for research Cons: $10,000 minimum to open an account. Platform can be too much for a beginner to understand Inactivity fees if you don't meet the trade commission requirements.	Pros: Low commission for stock trades No account minimums Ally platform Cons: No physical locations
Bottom Line	Good discount broker for experienced, high volume traders... Read full review	Good low-price discount stock broker for savvy investors... Read full review

		Commission-Free Stock Trades $3,500 Cash Bonus Get Up to $3,500 Cash Bonus
What Others View	Robinhood E*TRADE
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 09/15/2019. Ally Invest: Pricing information from published website as of 07/18/2019.

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 Betterment.

In short: Interactive Brokers' mobile app is outstanding. Ally Invest's banking, commissions and fees, and ease of use are noteworthy. In particular, the banking and commissions and fees are impressive.

Articles on Interactive Brokers

Interactive Brokers Review

Do you have $10,000 and plenty of trading knowledge? Interactive Brokers may provide you with a solid trading platform. With their competitive fees and robust trading options, they are a common choice for the experienced trader.

Articles on Ally Invest

Ally Invest

Ally Invest offers free trades for stocks and ETFs. But is it good? Find out how it compares to other online brokers.

Ally Invest Fees

Ally Invest offers commission-free stock trading and no minimum deposit. But are there hidden fees? Read this review before you open an account.

Ally Invest Promotions

You can earn up to $3,500 with Ally Invest's exciting new offer. They have no commission fees for stocks and ETFs, making them a popular choice for investors.

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 Login

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?

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.

Best Discount Broker

The best online broker offers low fees, great customer service, and smart research tools. Find the best discount brokerage to consider.

Best Options Broker

The best options broker offers great service, low prices, and a user-friendly trading platform. Find the top options brokers to consider.

Study: Best Stock Broker for Penny Stocks

The name "penny stock" can be misleading. To the untrained investment ear, it sounds like an easy trading gig with little at stake. However, nothing can be further from the truth, as it's a very volatile market that should be researched thoroughly before trading, especially by novices. It's more for seasoned traders who understand the pitfalls and the risk involved; it takes some finesse to trade in this arena — and be profitable at it.

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Interactive Brokers vs Ally Invest

Benefits and Features

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