Compare Ally Invest vs IG


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

Ally Invest vs IG
overall rating
4.7
4.6
overall pros
  • Low trading and non-trading fees
  • Easy and fully digital account opening
  • Great education
  • First-class web trading platform
  • Superb educational tools
  • Great deposit and withdrawal options
overall cons
  • You can trade only on US markets
  • Forex trading is available through a separate account
  • Lack of proper 2-step authentication
  • High stock CFD fees
  • Limited product portfolio
  • Slow customer support
fees
4.5
  • Low trading fees
  • Low non-trading fees
  • Zero commission on most stocks and ETFs
  • Margin rates could be lower
3.4
  • No withdrawal fee
  • Low stock index CFD trading fees
  • High stock CFD trading fees
account opening
4.4
  • Fully digital
  • Low minimum deposit
  • Slow account verification
4.4
  • Fully digital
  • Low minimum deposit
  • No minimum deposit for bank transfer
  • Slower account opening
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
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
5.0
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
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
5.0
  • User-friendly
  • Good search function
  • Touch/Face ID login
desktop trading platform
markets and products
2.9
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
3.5
  • ETF
  • Forex
  • Options
  • CFD
  • Crypto
  • Stocks in some countries
  • Robo-advisory in UK
  • IPOs
research
3.8
  • Good interactive chart
  • Trading ideas
  • Good option strategy analyzer
  • Screener only for ETFs
3.5
  • Good interactive chart
  • Trading ideas
  • User-friendly
  • No fundamental data available
customer service
3.5
  • Phone support
  • Live chat
  • 24/7 availability
  • Average speed of customer support
3.6
  • Phone support
  • Relevant answers
  • No 24/7 support
  • Live chat is often offline
education
4.0
  • 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
  • Listed on stock exchange
  • Negative balance protection
  • Does not hold a banking license
recommended for Investors and traders looking for low fees and focusing on the US market Traders of any experience level looking for an easy-to-use trading platform
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