Ally Invest Logo
Our top alternative brokers to Ally Invest
E-Trade
4.8
Visit broker
Charles Schwab
4.8
Visit broker
Our top alternative brokers to Ally Invest
E-Trade
4.8
Visit broker
Charles Schwab
4.8
Visit broker
Ally Invest Alternatives

The best alternatives to Ally Invest are

  1. E-Trade - US stockbroker
  2. Charles Schwab - US discount broker
  3. TD Ameritrade - US-based stockbroker
  4. Interactive Brokers - US discount broker

Let's see in a bit more detail how the Ally Invest alternatives compare to Ally Invest and each other:

Ally Invest alternatives comparison
Ally Invest E-Trade Charles Schwab TD Ameritrade Interactive Brokers
Overall score 4.6 4.8 4.8 4.8 4.9
Fees score 4.5 stars 4.4 stars 4.4 stars 4.3 stars 4.3 stars
Account opening score 4.4 stars 3.8 stars 4.5 stars 2.9 stars 3.4 stars
Deposit and withdrawal score 2.1 stars 2.2 stars 2.2 stars 2.2 stars 2.5 stars
Web platform score 3.5 stars 4.0 stars 4.2 stars 4.3 stars 4.3 stars
Markets and products score 2.9 stars 3.0 stars 3.3 stars 3.9 stars 5.0 stars
Visit broker Visit broker Visit broker Visit broker Visit broker

Why are these brokers considered good alternatives to Ally Invest? There are many areas based on which Ally Invest can be compared with others. When we say a given online broker is a good alternative to Ally Invest we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

Ally Invest alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • Ally Invest is recommended for investors and traders looking for low fees and focusing on the us market
  • E-Trade is recommended for investors and traders looking for solid research and a great mobile trading platform
  • Charles Schwab is recommended for investors and traders looking for solid research, low fees and great customer service
  • TD Ameritrade is recommended for investors and traders looking for solid research and a well-equipped desktop trading platform
  • Interactive Brokers is recommended for traders looking for low fees and a professional trading environment

Important factors of finding Ally Invest alternatives

So far BrokerChooser has reviewed 63 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether Ally Invest or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. Ally Invest is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost Ally Invest alternative.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you cannot make a deposit with your credit card at Ally Invest, some alternatives might allow you to do that.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Ally Invest alternative is a must.


Now let's dive into the details of how Ally Invest and its alternatives perform in the most important areas!

Ally Invest alternatives
Ally Invest

Ally Invest is a US stockbroker regulated by the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA). Its parent company, Ally Financial Inc. dates back to 1911 as the former company, General Motors Acceptance Corporation (GMAC) was founded then. Ally Financial Inc. is listed on the New York Stock Exchange and has a banking subsidiary, called Ally Bank.

Ally Invest is considered safe because it has a long track record and is regulated by top-tier financial authorities.

Recommended for investors and traders looking for low fees and focusing on the us market

Pros Cons
Low trading and non-trading fees You can trade only on US markets
Easy and fully digital account opening Forex trading is available through a separate account
Great education High financing (margin) rates

Visit broker

Fees
4.5

Ally Invest has low trading fees and low non-trading fees. It even charges zero base commission on stocks and ETFs. On the negative side, financing fees are quite high.
Pros Cons
Low trading fees High financing (margin) rates
Low non-trading fees
Zero commission stock, ETF and options trading
Ally Invest alternatives trading fees
Ally Invest E-Trade Charles Schwab TD Ameritrade Interactive Brokers
US stock $0.0 $0.0 $0.0 $0.0 $1.0
UK stock - - - - $7.2

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k

Visit broker More

Account opening
4.4

The account opening is fully digital and user-friendly. It also has no minimum deposit. On the other hand, the account verification takes ~3 business days which is slower than at some other brokers.
Pros Cons
Fully digital Slow account verification
No minimum deposit
Low minimum deposit
Ally Invest alternatives minimum deposit and account open times
Ally Invest E-Trade Charles Schwab TD Ameritrade Interactive Brokers
Minimum deposit $0 $0 $0 $0 $0
Time to open account 1-3 days >3 days 1 day 1-3 days 1-3 days

Learn more about Ally Invest minimum deposit here.

Visit broker More

Deposit and withdrawal
2.1

Ally Invest doesn't charge deposit fee and transferring money is easy and user-friendly. On the other hand you can use only bank transfer, and a high fee is charged for wire transfer withdrawals.
Pros Cons
No deposit fee Credit/Debit card not available
User-friendly High outgoing wire transfer fee
Free ACH withdrawal
Ally Invest and alternatives withdrawal options and fees
Ally Invest E-Trade Charles Schwab TD Ameritrade Interactive Brokers
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card No No No No No
Electronic wallets No No No No No
Withdrawal fee $0 $0 $0 $0 $0

Visit broker More

Web trading platform
3.5

Ally Invest's web trading platform is user-friendly, has a convenient search function. On the negative side, there is no two-step login and does not give a clear fee report.
Pros Cons
User-friendly No clear fee report available
Good search function No two-step (safer) login
Good customizability (for charts, workspace)
Ally Invest - Web trading platform
Ally Invest and alternatives trading platform scores
Ally Invest E-Trade Charles Schwab TD Ameritrade Interactive Brokers
Web platform score 3.5 stars 4.0 stars 4.2 stars 4.3 stars 4.3 stars
Mobile platform score 3.3 stars 4.5 stars 4.2 stars 4.8 stars 3.5 stars
Desktop platform score - - 4.0 stars 4.5 stars 3.0 stars

Learn more about Ally Invest's web trading platform in the detailed Ally Invest review.

Visit broker

Markets and products
2.9

At Ally Invest you can trade with different asset classes, from stocks to options. On the negative side, the product selection covers only the US market. Forex trading is available only through a separate Ally Forex account.
Ally Invest and alternatives markets and products
Ally Invest E-Trade Charles Schwab TD Ameritrade Interactive Brokers
Stock Yes Yes Yes Yes Yes
ETF Yes Yes Yes Yes Yes
Forex No No No Yes Yes
Fund Yes Yes Yes Yes Yes
Bond Yes Yes Yes Yes Yes
Options Yes Yes Yes Yes Yes
Futures No Yes Yes Yes Yes
CFD No No No No Yes
Crypto No No No No Yes

Visit broker More

Verdict

Ally Invest is one of the biggest US stockbrokers regulated by top-tier regulators.

Ally Invest has low trading and non-trading fees and offers a good product range in the US. The account opening is easy and fully digital. We also liked the quality of the educational tools.

It has some drawbacks though. You can trade only on US exchanges and margin rates are high. Forex trading is available only through a separate Ally Forex account provided by GAIN Capital (Forex.com).

As the trading fees are low and no inactivity fee is charged, feel free to try Ally Invest.

Ally Invest
Summary Ally Invest is a US stockbroker, regulated by top-tier authorities the SEC and FINRA. The company is listed on the New York Stock Exchange and has a banking background.
Fees score 4.5 stars
Recommended for Investors and traders looking for low fees and focusing on the US market

Visit broker More

Ally Invest alternatives
E-Trade

E-Trade is a US-based stockbroker founded in 1982. It is regulated by top-tier regulators like the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

E-Trade is considered safe because it has a long track record, is listed on a stock exchange, has a banking background, discloses its financials and is regulated by top-tier, US regulators.

In February 2020, E-trade was acquired by Morgan Stanley. In case you are curious, we have written an article about this in which you can find the reasons behind the acquisition.

Recommended for investors and traders looking for solid research and a great mobile trading platform

Pros Cons
Low trading fees (free stock and ETF trading) Only US markets covered
User-friendly mobile trading platform Slow account verification
Great research tools No forex

Visit broker

Fees
4.4

E-Trade offers free stock, ETF trading. Some mutual funds and bonds are also free. The non-trading fees are low. On the negative side, the fees for non-free mutual funds are high.
Pros Cons
Low non-trading fees Higher fees for non-free mutual funds
Free stock and ETF trading
Some mutual funds and bonds are free
Ally Invest vs. E-Trade: Trading fees
E-Trade Ally Invest
Apple benchmark fee $0.2 $0.2
Vodafone benchmark fee - -
EURUSD benchmark fee - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Visit broker More

Account opening
3.8

The account opening is fully digital and user-friendly for US clients. On the flip side, the account verification process was slow.
Pros Cons
Fully digital Slow
User-friendly
Ally Invest vs. E-Trade: Minimum deposit, time to open an account
E-Trade Ally Invest
Minimum deposit $0 $0
Time to open account >3 days 1-3 days

If you are interested more in E-Trade minimum deposit, this overview will help you.

Visit broker More

Deposit and withdrawal
2.2

E-Trade charges no deposit fees and transferring money is user-friendly. On the flip side, you can only use bank transfer and a high fee is charged for wire transfer withdrawals.
Pros Cons
No deposit fee Credit/Debit card not available
User-friendly $25 fee for wire transfer withdrawal
Ally Invest vs. E-Trade: Withdrawal options
E-Trade Ally Invest
Bank Transfer Yes Yes
Credit/Debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

Visit broker More

Web trading platform
4.0

E-Trade has a great web-based user-friendly trading platform with a clear fee report. On the negative side, there is no two-step login and cannot be customized.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report Limited customizability (for charts, workspace)
Good search function
Web trading platform of E-Trade, a Ally Invest alternative
Ally Invest vs. E-Trade: Trading platform scores
E-Trade Ally Invest
Web platform score 4.0 stars 3.5 stars
Mobile platform score 4.5 stars 3.3 stars
Desktop platform score - -

Learn more about E-Trade's web trading platform in the detailed E-Trade review.

Visit broker

Markets and products
3.0

At E-Trade, you can trade with a lot of asset classes, from stocks to futures. On the other hand, there is US market only and you can't trade with forex.
Ally Invest vs. E-Trade: Markets and products
E-Trade Ally Invest
Stock Yes Yes
ETF Yes Yes
Forex No No
Fund Yes Yes
Bond Yes Yes
Options Yes Yes
Futures Yes No
CFD No No
Crypto No No

Visit broker More

Verdict

E-Trade is one of the biggest US stockbrokers regulated by top-tier regulators. 

At the end of 2019, riding the commission-free trading trend in the USA E-Trade introduced zero commission on stock and ETF trades. E-Trade's research functions are high-quality and channel a lot of tools, including trading ideas, and strategy builders as well. We liked the easy handling and the personalizable features of the mobile trading platform

It has some drawbacks though. E-Trade doesn't provide credit/debit cards and electronic wallets for money transfers and the product portfolio covers only US markets. In addition, the account verification process is slow. 

As the trading fees are generally low, the research tools are great and no inactivity fee is charged, feel free to try E-Trade.

E-Trade
Summary E-Trade is a US stockbroker, regulated by top-tier authorities the SEC and FINRA. The company is listed on NASDAQ and has a banking background.
Fees score 4.4 stars
Recommended for Investors and traders looking for solid research and a great mobile trading platform

Visit broker More

Ally Invest alternatives
Charles Schwab

Charles Schwab was founded in 1971 and it is a US discount broker listed on the New York Stock Exchange.

It is regulated by several top-tier financial authorities, such as the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Financial Conduct Authority (FCA).

Recommended for investors and traders looking for solid research, low fees and great customer service

Pros Cons
Free stock and ETF trading High fees for some mutual funds
Outstanding research Product selection covers only the US market
Great customer service Not well-structured educational platform

Visit broker

Fees
4.4

Charles Schwab offers free stock and ETF trading, while some mutual funds and bonds are also free. Non-trading fees are also low. On the negative side, the fees for some mutual funds are quite high.
Pros Cons
Low non-trading fees High fees for non-free mutual funds
Free stock and ETF trading
Some mutual funds and bonds are free
Ally Invest vs. Charles Schwab: Trading fees
Charles Schwab Ally Invest
Apple benchmark fee $0.2 $0.2
Vodafone benchmark fee - -
EURUSD benchmark fee - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Visit broker More

Account opening
4.5

Opening an account at Charles Schwab is easy, fast and fully digital. For US-clients there is no minimum deposit. If you open an account outside the US, there is a $25,000 minimum deposit.
Pros Cons
Fast For non-US clients $25,000 minimum deposit
Fully digital
No minimum deposit
Ally Invest vs. Charles Schwab: Minimum deposit, time to open an account
Charles Schwab Ally Invest
Minimum deposit $0 $0
Time to open account 1 day 1-3 days

If you are interested more in Charles Schwab minimum deposit, this overview will help you.

Visit broker More

Deposit and withdrawal
2.2

Transferring money is easy and user-friendly at Charles Schwab and there is no deposit fee. On the flip side, you can only use bank transfer and a high fee is charged for wire transfer withdrawals.
Pros Cons
No deposit fee High fee for wire (bank transfer) withdrawals
User-friendly
Ally Invest vs. Charles Schwab: Withdrawal options
Charles Schwab Ally Invest
Bank Transfer Yes Yes
Credit/Debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

Visit broker More

Web trading platform
4.2

Charles Schwab offers a good web-based trading platform with a clean design. On the flip side, the platform is not customizable.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Price alerts
Web trading platform of Charles Schwab, a Ally Invest alternative
Ally Invest vs. Charles Schwab: Trading platform scores
Charles Schwab Ally Invest
Web platform score 4.2 stars 3.5 stars
Mobile platform score 4.2 stars 3.3 stars
Desktop platform score 4.0 stars -

Learn more about Charles Schwab's web trading platform in the detailed Charles Schwab review.

Visit broker

Markets and products
3.3

At Charles Schwab, you can trade with a lot of asset classes, from stocks to futures. Unfortunately, the product portfolio covers only US exchanges.
Ally Invest vs. Charles Schwab: Markets and products
Charles Schwab Ally Invest
Stock Yes Yes
ETF Yes Yes
Forex No No
Fund Yes Yes
Bond Yes Yes
Options Yes Yes
Futures Yes No
CFD No No
Crypto No No

Visit broker More

Verdict

Charles Schwab is one of the biggest discount US brokers regulated by top-tier regulators.

Reflecting the wave of introducing commission-free trading at the end of 2019, Charles Schwab charges no commission for stock and ETF tradesIts research is outstanding and covers many tools, including trading ideas and detailed fundamental data. The customer service is great, you will get relevant answers within a short time.

It has some drawbacks though. It charges high fees for some mutual funds and the product portfolio covers only US markets. Lastly, the educational platform is not well-structured. 

As the trading and non-trading fees are generally low, research tools are great and the account opening is seamless, feel free to try it.

Charles Schwab
Summary Charles Schwab is a US discount broker, regulated by top-tier US authorities the SEC and FINRA. The company is listed on the New York Stock Exchange and holds a banking license.
Fees score 4.4 stars
Recommended for Investors and traders looking for solid research, low fees and great customer service

Visit broker More

Ally Invest alternatives
TD Ameritrade

TD Ameritrade was founded in 1978 and it is one of the biggest US-based stockbrokers. It is regulated by top-tier regulators like the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) and the Commodity Futures Trading Commission (CFTC).

TD Ameritrade is considered a safe broker since it has a long track record, is listed on a stock exchange, has a banking background, discloses its financials, and is regulated by top-tier regulators.

Recommended for investors and traders looking for solid research and a well-equipped desktop trading platform

Pros Cons
Low trading fees (free stock and ETF trading) You can trade only in the US markets
Superb desktop trading platform Slow and not fully digital account opening
Great customer support No credit/debit cards and electronic wallets for money transfer

Visit broker

Fees
4.3

TD Ameritrade provides free stock and ETF trading. The forex, bond, and options fees are low as well. On the other hand, they charge high fees for mutual funds.
Pros Cons
Low trading fees High fund fees
Low non-trading fees
Free stocks and ETFs
Ally Invest vs. TD Ameritrade: Trading fees
TD Ameritrade Ally Invest
Apple benchmark fee $0.2 $0.2
Vodafone benchmark fee - -
EURUSD benchmark fee $13.4 -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Visit broker More

Account opening
2.9

As a new client, you can change from many different account types at TD Ameritrade and as US citizen you will face no minimum deposit. Unfortunately, the process is not fully digital.
Pros Cons
No minimum deposit Not fully digital
Many account types
Ally Invest vs. TD Ameritrade: Minimum deposit, time to open an account
TD Ameritrade Ally Invest
Minimum deposit $0 $0
Time to open account 1-3 days 1-3 days

If you are interested more in TD Ameritrade minimum deposit, this overview will help you.

Visit broker More

Deposit and withdrawal
2.2

TD Ameritrade has user-friendly account funding and charges no deposit fees, but are several drawbacks as well. You can use only bank transfer and a high fee is charged for wire transfer withdrawals.
Pros Cons
No deposit fee Credit/Debit card not available
User-friendly High withdrawal fee for wire transfers
Ally Invest vs. TD Ameritrade: Withdrawal options
TD Ameritrade Ally Invest
Bank Transfer Yes Yes
Credit/Debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

Visit broker More

Web trading platform
4.3

TD Ameritrade offers a good web-based trading platform with a clean design. On the flip side, there is no two-step login and the platform is not customizable.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report Limited customizability (for charts, workspace)
Good variety of order types
Web trading platform of TD Ameritrade, a Ally Invest alternative
Ally Invest vs. TD Ameritrade: Trading platform scores
TD Ameritrade Ally Invest
Web platform score 4.3 stars 3.5 stars
Mobile platform score 4.8 stars 3.3 stars
Desktop platform score 4.5 stars -

Learn more about TD Ameritrade's web trading platform in the detailed TD Ameritrade review.

Visit broker

Markets and products
3.9

At TD Ameritrade you can trade with a lot of asset classes, from stocks to futures and forex. We also liked the additional features like social trading and the robo-advisory service. On the other hand, the offered products cover only the U.S. market.
Ally Invest vs. TD Ameritrade: Markets and products
TD Ameritrade Ally Invest
Stock Yes Yes
ETF Yes Yes
Forex Yes No
Fund Yes Yes
Bond Yes Yes
Options Yes Yes
Futures Yes No
CFD No No
Crypto No No

Visit broker More

Verdict

TD Ameritrade is one of the biggest US online brokers. Reflecting the wave of introducing commission-free trading at the end of 2019, TD Ameritrade now charges no commission of stock and ETF trades.

Research and education are outstanding and covers a lot of tools. The Thinkorswim desktop trading platform is one of the best on the marketThe customer service is great, you will get relevant answers within a short time.

It has some drawbacks though. It charges high financing (margin) rates and it doesn't provide credit/debit cards and electronic wallets for money transfers. Furthermore, the product portfolio covers products only from U.S. markets. 

As there are great education tools including a demo account, feel free to try it.

TD Ameritrade
Summary TD Ameritrade is a US stockbroker, regulated by top-tier authorities the SEC and FINRA. The company is listed on NASDAQ and has a banking background as part of the TD Group.
Fees score 4.3 stars
Recommended for Investors and traders looking for solid research and a well-equipped desktop trading platform

Visit broker More

Ally Invest alternatives
Interactive Brokers

Interactive Brokers was founded in 1978 and is one of the biggest US-based discount brokers. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).

As it has licenses from multiple top-tier regulators, the broker is considered safe. Also, having a long track record and publicly disclosed financials while being listed on a stock exchange are also great signs for its safety.

Recommended for traders looking for low fees and a professional trading environment

Pros Cons
Wide range of products Extremely complex desktop trading platform
Many great research tools Complicated account opening process
Regulated by several authorities High inactivity fee

Visit broker

Fees
4.3

Interactive Brokers has low trading fees and for US clients, stock and ETF trading is free. On the negative side, there is a high inactivity fee for non-US clients.
Pros Cons
Low trading fees Inactivity fee
Low stock and ETF fees
Low financing rate
Free stock and ETF trading for US clients
Ally Invest vs. Interactive Brokers: Trading fees
Interactive Brokers Ally Invest
Apple benchmark fee $2.2 $0.2
Vodafone benchmark fee $14.9 -
EURUSD benchmark fee $17.9 -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Visit broker More

Account opening
3.4

IB's account opening process is fully digital and the required minimum deposit is low. On the negative side, the online registration is complicated and account verification takes around 2 business days.
Pros Cons
Fully digital Not user-friendly
No minimum deposit for most accounts types Confusing messages throughout the process
Ally Invest vs. Interactive Brokers: Minimum deposit, time to open an account
Interactive Brokers Ally Invest
Minimum deposit $0 $0
Time to open account 1-3 days 1-3 days

If you are interested more in Interactive Brokers minimum deposit, this overview will help you.

Visit broker More

Deposit and withdrawal
2.5

Interactive Brokers offers many account base currency options and one free withdrawal per month. The main drawbacks are that you can only use bank transfer and the process is not user-friendly.
Pros Cons
No deposit fee Credit/Debit card not available
Several account base currencies Not user-friendly
First withdrawal each month free
Ally Invest vs. Interactive Brokers: Withdrawal options
Interactive Brokers Ally Invest
Bank Transfer Yes Yes
Credit/Debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

Visit broker More

Web trading platform
4.3

Interactive Brokers's web platform is simple and easy to use even for beginners. On the negative side, it is not customizable.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Web trading platform of Interactive Brokers, a Ally Invest alternative
Ally Invest vs. Interactive Brokers: Trading platform scores
Interactive Brokers Ally Invest
Web platform score 4.3 stars 3.5 stars
Mobile platform score 3.5 stars 3.3 stars
Desktop platform score 3.0 stars -

Learn more about Interactive Brokers's web trading platform in the detailed Interactive Brokers review.

Visit broker

Markets and products
5.0

Through Interactive Brokers you can access an extremely wide range of markets, with every product type available.
Ally Invest vs. Interactive Brokers: Markets and products
Interactive Brokers Ally Invest
Stock Yes Yes
ETF Yes Yes
Forex Yes No
Fund Yes Yes
Bond Yes Yes
Options Yes Yes
Futures Yes No
CFD Yes No
Crypto Yes No

Visit broker More

Verdict

Interactive Brokers is one of the biggest US-based discount brokers, regulated by several top-tier regulators globally. We recommend this broker for advanced traders.

On the plus side, IB has a vast range of markets and products available, with diverse research tools and low costs

There are some drawbacks though: there is a high inactivity fee and the account opening process is complicated. The desktop platform is complex and hard-to-understand, especially for beginners.

If you have experience navigating complex platforms and you like transparent low-cost trading, Interactive Brokers could be a great fit for you.

Interactive Brokers
Summary Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC.
Fees score 4.3 stars
Recommended for Traders looking for low fees and a professional trading environment

Visit broker More

Ally Invest alternatives
Bottom line

Based on our analysis, there are several good alternatives to Ally Invest. They all offer similar products and target similar customers. Here's a recap of the results in a table.

Ally Invest alternatives
Broker Info Recommended for
Ally Invest US stockbroker Investors and traders looking for low fees and focusing on the US market
E-Trade US stockbroker Investors and traders looking for solid research and a great mobile trading platform
Charles Schwab US discount broker Investors and traders looking for solid research, low fees and great customer service
TD Ameritrade US-based stockbroker Investors and traders looking for solid research and a well-equipped desktop trading platform
Interactive Brokers US discount broker Traders looking for low fees and a professional trading environment

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

Gergely Korpos

Gergely Korpos

Co-founder, CPO

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Share

×