Compare Ally Invest vs Interactive Brokers


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

Ally Invest vs Interactive Brokers
overall rating
4.7
4.9
overall pros
  • Low trading and non-trading fees
  • Easy and fully digital account opening
  • Great education
  • Low trading fees
  • Wide range of products
  • Many great research tools
overall cons
  • You can trade only on US markets
  • Forex trading is available through a separate account
  • High financing (margin) rates
  • Complicated account opening process
  • Complex desktop trading platform
  • High inactivity fee
fees
4.5
  • Low trading fees
  • Low non-trading fees
  • Zero commission stock, ETF and options trading
  • High financing (margin) rates
4.3
  • Low trading fees
  • Low stock and ETF fees
  • Free stock and ETF trading for US clients
  • Low margin rates
  • Inactivity fee
account opening
4.4
  • Fully digital
  • No minimum deposit
  • Low minimum deposit
  • Slow account verification
3.4
  • Fully digital
  • No minimum deposit for most account types
  • Not user-friendly
  • Confusing messages throughout the process
deposit and withdrawal
2.6
  • No deposit fee
  • User-friendly
  • Free ACH withdrawal
  • Credit/Debit card not available
  • High outgoing wire transfer fee
2.5
  • No deposit fee
  • Several account base currencies
  • First withdrawal each month free
  • Credit/Debit card not available
  • Not user-friendly
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
4.3
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
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
3.5
  • Two-step (safer) login
  • Good search function
  • Good variety of order types
  • User interface is a bit complex
desktop trading platform
3.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • Poor search function
  • Too complex for beginners
markets and products
2.9
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • Warrants
  • Structured Products
research
3.8
  • Good interactive chart
  • Trading ideas
  • Good option strategy analyzer
  • Basic recommendations
  • Missing screeners
3.5
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Not user-friendly
customer service
3.5
  • Phone support
  • Live chat
  • 24/7 availability
  • Average speed of customer support
4.4
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
4.0
  • Trading platform tutorial
  • Educational videos
  • No demo account
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Courses only available after registration
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Banking background
  • No negative balance protection
  • No investor protection in case of forex
  • Listed on stock exchange
  • Negative balance protection
  • Regulated by top-tier financial authorities
recommended for Investors and traders looking for low fees and focusing on the US market Traders looking for low fees and a professional trading environment
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