Online brokers compared for fees, trading platforms, safety and more. See how Ally Invest stacks up against Oanda!
Last update of data—Dec 2022
Ally Invest is a US stockbroker, regulated by top-tier authorities the SEC and FINRA. The company is listed on the New York Stock Exchange and has a banking background.
Oanda is a US forex broker. It is regulated by top-tier authorities like the UK FCA and Australia's ASIC.
Recommended for investors and traders looking for low fees and focusing on the US market.
Recommended for forex traders who value a user-friendly platform and great research tools.
Ally Invest
Ally Invest is a US stockbroker, regulated by top-tier authorities the SEC and FINRA. The company is listed on the New York Stock Exchange and has a banking background.
Recommended for investors and traders looking for low fees and focusing on the US market.
Oanda
Oanda is a US forex broker. It is regulated by top-tier authorities like the UK FCA and Australia's ASIC.
Recommended for forex traders who value a user-friendly platform and great research tools.
Ally Invest's service is on par with Oanda's and a comparison of their fees shows that Ally Invest's fees are slightly lower than Oanda's.
Account opening takes about the same effort at Ally Invest compared to Oanda, deposit and withdrawal processes are more complicated at Ally Invest, while customer service quality is somewhat lower than Oanda's.
Our experts rated the trading platform of Ally Invest as less user-friendly than the platform of Oanda, found that clients have access to slightly more markets and products with Ally Invest, while Oanda provides just about the same quality of research and education.
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.
Brokers displayed might not be available in United States.