Compare Ally Invest vs AvaTrade


Online brokers compared for fees, trading platforms, safety and more. See how Ally Invest stacks up against AvaTrade!

Ally Invest vs AvaTrade
overall rating
4.7
4.4
overall pros
  • Low trading and non-trading fees
  • Easy and fully digital account opening
  • Great education
  • Easy and fast account opening
  • Free deposit and withdrawal options
  • Great research tools
overall cons
  • You can trade only on US markets
  • Forex trading is available through a separate account
  • Lack of proper 2-step authentication
  • Only CFDs, forex, and cryptos offered
  • High inactivity fees
  • Average forex fees
fees
4.5
  • Low trading fees
  • Low non-trading fees
  • Zero commission on most stocks and ETFs
  • Margin rates could be lower
3.3
  • No withdrawal fee
  • Low CFD fees
  • High inactivity fees
  • FX trading fees are average
account opening
4.4
  • Fully digital
  • Low minimum deposit
  • Slow account verification
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
deposit and withdrawal
2.6
  • No deposit fee
  • User-friendly
  • Free ACH withdrawal
  • Credit/Debit card not available
  • High outgoing wire transfer fee
4.5
  • Free withdrawal
  • No deposit fee
  • Credit/Debit cards, electronic wallets
  • Slow withdrawal - over 3 days
web trading platform
3.5
  • User-friendly
  • Good search function
  • Good customizability (for charts, workspace)
  • No clear fee report available
  • No two-step (safer) login
3.6
  • User-friendly
  • Good search function
  • AvaProtect order type
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
  • No price alerts
mobile trading platform
3.3
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
  • No price alerts
  • Mutual funds and bonds are not covered
4.7
  • User-friendly
  • Good search function
  • AvaProtect order type
  • No two-step (safer) login
  • Only in English
desktop trading platform
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
2.9
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
2.0
  • Forex
  • CFD
  • Crypto
research
3.8
  • Good interactive chart
  • Trading ideas
  • Good option strategy analyzer
  • Screener only for ETFs
4.6
  • Good interactive chart
  • Trading ideas
  • User-friendly
  • No fundamental data on stocks
customer service
3.5
  • Phone support
  • Live chat
  • 24/7 availability
  • Average speed of customer support
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
4.3
  • Trading platform tutorial
  • Educational videos
  • No demo account
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • High level of investor protection
  • Banking background
  • Regulated by top-tier financial authorities in the US
  • No negative balance protection
  • No investor protection for forex
  • Majority of clients belong to a top-tier financial authority
  • Negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Investors and traders looking for low fees and focusing on the US market Forex and CFD traders looking for an option to use MetaTrader platforms
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