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TradeStation vs Ally Invest


 TradeStation
 Visit SiteLearn More
 

TradeStation

Ally Invest

SPECIAL OFFER
50% Off Futures Brokerage Fees for New Customers with Code FUTRAFZT - Learn More

SPECIAL OFFER
Commission-Free Stock Trades - Learn More

Read Ally Invest Review

 

Benefits and Features

Stock Trading
$0 commission
$0 per trade
Options Trading$0 Commission + $0.60 per contract
$0 base + $0.50 per contract
Annual Fee
None
 
Cryptocurrency TradingNo
(all trading and withdrawals in TradeStation Crypto accounts are permanently suspended effective 02/22/2024 5PM ET)
 
Minimum Deposit
$0
$0
Mutual Fund Trading
$14.95 per transaction
  • $0 to buy/sell load mutual funds
  • $0 to buy/sell no load mutual funds
Commission Free ETFs
more than 2,000 ETFs
500+
Phone Support800.822.0512 U.S. (toll-free) | 954.652.7900 U.S. (direct)
Monday - Friday, 8AM - 5PM ET
 
Live Chat SupportYes (Monday - Friday, 8AM - 5PM ET) 
Email Support
Yes (Sales@TradeStation.com)
 
Human Advisors
Yes
 
Robo Advisor
No
 
Penny Stocks
Yes
$0.01 per share on the entire order for stocks priced less than $2.00.
Tax Loss Harvesting
No
 
Goal Tracker
No
 
Automatic Deposits
No
 
Broker Assisted Trades
$25
$20 + Regular Commission
Good For
Day Traders
 
Inactivity Fee
$10/month
 
Maintenance Fee
$0
 
Online Platform
Yes
 
iPhone App
Yes (4.5 stars, 17.3K ratings)
 
Android App
Yes (4.4 stars, 5.98K ratings)
 
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
 
Two-Factor AuthenticationAuth0 Guardian app, SMS, or Google Authenticator app 
Forex TradingYes (not available in TradeStation US)
Check
Futures Trading
Yes
 
Bond Trading
Yes
 
CFD TradingYes (CFD trading is not permitted in the US.) 
Currency TradingYes (not available in TradeStation US) 
Customer ServiceMonday – Friday, 8:00 a.m. – 5:00 p.m. ET
  • Live Chat
  • Phone Support: 800.822.0512 U.S. (toll-free) | 954.652.7900 U.S. (direct)
  • Email: Sales@TradeStation.com
(855) 880-2559
Locations
Online only
 
Online Community
Yes
 
Seminars
Yes
 
Trading PlatformDesktop, Web Trading, Mobile Apps, FuturesPlus, TS Crypto 
Virtual Trading
Yes
 
Fractional Shares
No
 
Taxable Accounts
Yes
 
401k Plans
No
 
IRA Accounts
Yes
 
Roth IRA Accounts
Yes
 
SEP IRA Accounts
Yes
 
Trust Accounts
Yes
 
529 Plans
No
 
 

CreditDonkey® Reviews

 TradeStation
Stock TradingStarStarStarStarStar
Options TradingStarStarStarStarStar
Mutual Fund TradingStarStarStarStarStar
BankingStarStarStarStarHalf Star
Mobile AppStarStarStarHalf StarEmpty Star
Commissions and FeesStarStarStarStarStar
Ease of UseStarStarStarStarEmpty Star
Online CommunityStarStarStarStarStar
ResearchStarStarStarHalf StarEmpty Star
Trading PlatformStarStarStarStarEmpty Star
Pros & ConsPros:
  • Low commission for stock trades
  • No account minimums
  • Ally platform
Cons:
  • No physical locations
Bottom LineGood low-price discount stock broker for savvy investors... Read full review
 Visit SiteLearn More

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

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

TradeStation

Invest and Earn Up to $3,500

Enroll your new or existing TradeStation account in this offer by using promo code TSTVAGFD on your new account application, requesting to enroll via telephone or with a TradeStation Representative, or completing the enrollment form. Within 45 days of account enrollment, fund your account with at least $5,000. Maintain at least $5,000 in your account for 270 calendar days. New assets will be aggregated during the 45-calendar day period following the enrollment date to determine the amount of your cash offer.

New AssetsCash Bonus
$5,000 - $24,999$150
$25,000 – $99,999$300
$100,000 – $249,999$500
$250,000 – $499,999$1,000
$500,000 – $999,999$2,000
$1,000,000 or more$3,500


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.

Is Ally Invest Good For Beginners

Ally Invest is a popular fee-free online brokerage. Is it good for beginners? Read on.

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 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?





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