Compare Ally Invest vs Eightcap


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

Ally Invest vs Eightcap
overall rating
4.7
4.3
overall pros
  • Low trading and non-trading fees
  • Easy and fully digital account opening
  • Great education
  • Low forex fees
  • Seamless, quick account opening
  • Free deposit and withdrawal
overall cons
  • You can trade only on US markets
  • Forex trading is available through a separate account
  • Lack of proper 2-step authentication
  • Slim product selection
  • Limited research and educational tools
  • No negative balance protection
fees
4.5
  • Low trading fees
  • Low non-trading fees
  • Zero commission on most stocks and ETFs
  • Margin rates could be lower
4.7
  • Low trading fees
  • Low non-trading fees
  • Low forex fees
account opening
4.4
  • Fully digital
  • Low minimum deposit
  • Slow account verification
5.0
  • Fully digital
  • Low minimum deposit
  • User-friendly
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
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • No minor currencies available
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
3.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
  • 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
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
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
1.3
  • Forex
  • CFD
  • Crypto
research
3.8
  • Good interactive chart
  • Trading ideas
  • Good option strategy analyzer
  • Screener only for ETFs
1.5
  • Strategy Tester for automated trading
  • No fundamental data available
  • No/poor quality news flow
  • Trading ideas only via paid partnership
customer service
3.5
  • Phone support
  • Live chat
  • 24/7 availability
  • Average speed of customer support
4.3
  • Live chat
  • Fast response time
  • Couldn't reach phone support
education
4.3
  • Trading platform tutorial
  • Educational videos
  • No demo account
2.0
  • Demo account
  • Great market analyses and articles
  • No trading platform tutorial videos
  • No 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
  • Regulated by top-tier ASIC
  • No investor protection
  • No negative balance protection
  • Does not hold a banking license
recommended for Investors and traders looking for low fees and focusing on the US market Forex traders who prefer the MetaTrader platform
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