Ally Invest vs FBS compared

Ally Invest
FBS
75.2% of retail CFD accounts lose money
Key differences
We took 8 criteria of our comparison (fee, account opening, customer service, markets&product, research, trading platform, deposit&withdrawal) and listed the angles with the greatest difference here below.
  • Deposit and withdrawal score
    2.1
    /5
  • Customer service score
    3.9
    /5
  • Account opening score
    4.2
    /5
  • Deposit and withdrawal score
    4.5
    /5
  • Customer service score
    5.0
    /5
  • Account opening score
    5.0
    /5
Recommended for
  • Beginners
    3.8
    /5
  • Equity
    4.3
    /5
  • Forex
    4.1
    /5
You can open an account in United States
You can't open an account in United States
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Basic data of broker

Overall Score
4.7

Recommended for Investors and traders looking for low fees and focusing on the US market

Overall Score
4.3

Recommended for Investors and CFD traders familiar with the MetaTrader trading platforms

Country of origin

USA

Country of origin

Cyprus

Fees

Fees score
4.5
Fees score
4.1
Fees summary

Low trading and non-trading fees, high margin rates

Fees summary

Low trading and non-trading fees

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

Crypto fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
2.1
Deposit and withdrawal score
4.5
Number of base currencies

1

Number of base currencies

2

Deposit type

Withdrawal type

Account opening

Account opening score
4.2
Account opening score
5.0
Account opening fully online
Account opening fully online
Minimum deposit
*

$0

*
Minimum deposit
*

$0.99

*
Time to open account

1-3 days

Time to open account

1 day

Required documents

Proof of identity: SSN / passport / national ID card / driver's license

Required documents

Proof of identity: national ID / passport Proof of residency: bank statement / utility bill

Trading platform

Web platform score
3.5
Web platform score
3.2
Mobile platform score
3.3
Mobile platform score
4.3
Desktop platform score
-
Desktop platform score
3.7

Markets and products

Markets and products score
2.6
Markets and products score
2.1
Stocks
Stocks
Fractional shares
Fractional shares
ETFs
ETFs
Forex
Forex
Funds
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
Crypto
CFDs
CFDs
CFD disclaimer

Disclaimer: 75.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Research, education

Research score
4.8
Research score
4.5
Charting quality

Great

Charting quality

Mid-range

Education score
3.5
Education score
5.0
Demo account
Demo account

Customer service

Customer service score
3.9
Customer service score
5.0
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

$500,000 (securities up to $500,000, cash up to $250,000). Additional insurance through Lloyd's of London for $37.5 million, including cash of up to $900,000.

Investor protection amount

€20,000 for EEA residents, no protection for other customers

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

1919

Foundation date

2009

Country of regulation

USA

Country of regulation

Cyprus, Australia, Belize

Ally Invest

For detailed information and hands-on experience, read our review of this broker.

FBS

For detailed information and hands-on experience, read our review of this broker.

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.

Ally Invest's service is slightly better than FBS's and a comparison of their fees shows that Ally Invest's fees are slightly lower than FBS's.

Account opening takes somewhat more effort at Ally Invest compared to FBS, deposit and withdrawal processes are more complicated at Ally Invest, while customer service quality is somewhat lower than FBS's.

Our experts rated the trading platform of Ally Invest as somewhat worse than the platform of FBS, found that clients have access to slightly more markets and products with Ally Invest, while FBS provides just about the same quality of research and education.

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