Compare Ally Invest vs Plus500


Online brokers compared for fees, trading platforms, safety and more. See how Ally Invest stacks up against Plus500!

Ally Invest vs Plus500
overall rating
4.7
4.3
overall pros
  • Low trading and non-trading fees
  • Easy and fully digital account opening
  • Great education
  • Easy-to-use platform
  • Low CFD fees
  • Great account opening
overall cons
  • You can trade only on US markets
  • Forex trading is available through a separate account
  • Lack of proper 2-step authentication
  • Limited product range, only CFDs
  • Minimal research tools
  • Mediocre educational section
fees
4.5
  • Low trading fees
  • Low non-trading fees
  • Zero commission on most stocks and ETFs
  • Margin rates could be lower
2.9
  • Low trading fees
  • No withdrawal fee
  • Inactivity fee
account opening
4.4
  • Fully digital
  • Low minimum deposit
  • Slow account verification
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
deposit and withdrawal
2.6
  • No deposit fee
  • User-friendly
  • Free ACH withdrawal
  • Credit/Debit card not available
  • High outgoing wire transfer fee
5.0
  • Credit/Debit card available
  • No deposit fee
  • Five withdrawals per month free
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
4.4
  • 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
4.9
  • User-friendly
  • Two-step (safer) login
  • Good search function
desktop trading platform
markets and products
2.9
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
1.9
  • CFD
research
3.8
  • Good interactive chart
  • Trading ideas
  • Good option strategy analyzer
  • Screener only for ETFs
2.8
  • Good interactive chart
  • User-friendly
  • No trading ideas
  • No fundamental data available
  • No/poor quality news flow
customer service
3.5
  • Phone support
  • Live chat
  • 24/7 availability
  • Average speed of customer support
5.0
  • Live chat
  • Relevant answers
  • 24/7 availability
  • No phone support
education
4.3
  • Trading platform tutorial
  • Educational videos
  • No demo account
2.5
  • Demo account
  • Educational videos
  • No trading platform tutorial videos
  • No webinars
  • No educational articles
  • 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
  • Listed on stock exchange
  • Negative balance protection
  • Financial information is publicly available
  • Does not hold a banking license
recommended for Investors and traders looking for low fees and focusing on the US market Experienced traders looking for an easy-to-use platform and a great user experience
×