Compare Ally Invest vs tastyworks


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

Ally Invest vs tastyworks
overall rating
4.7
4.7
overall pros
  • Low trading and non-trading fees
  • Easy and fully digital account opening
  • Great education
  • Low trading fees
  • Great educational materials
  • Good research tools
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 selection
  • Few deposit and withdrawal options
  • No demo account
fees
4.5
  • Low trading fees
  • Low non-trading fees
  • Zero commission on most stocks and ETFs
  • Margin rates could be lower
4.5
  • Low trading fees
  • Low stock and ETF fees
  • No inactivity fee
  • Withdrawal fee for bank (wire) transfers
account opening
4.4
  • Fully digital
  • Low minimum deposit
  • Slow account verification
5.0
  • Fast
  • Fully digital
  • No 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
1.9
  • No deposit fee
  • User-friendly
  • Free ACH withdrawals in the US
  • Credit/Debit card not available
  • Only one account base currency
  • High fee for wire withdrawals
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
3.4
  • Clear fee report
  • Price alerts
  • Two-step (safer) authentication for certain functions
  • Limited customizability (for charts, workspace)
  • Not suited for beginners
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
4.2
  • User-friendly
  • Touch/Face ID login
  • Order confirmation
  • No price alerts
desktop trading platform
3.9
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • Not suited for beginners
markets and products
2.9
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
2.6
  • Stock
  • ETF
  • Options
  • Futures
research
3.8
  • Good interactive chart
  • Trading ideas
  • Good option strategy analyzer
  • Screener only for ETFs
5.0
  • Good interactive chart
  • Trading ideas
  • Quality news flow
  • Limited fundamental data
customer service
3.5
  • Phone support
  • Live chat
  • 24/7 availability
  • Average speed of customer support
4.0
  • Phone support
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 support
education
4.3
  • Trading platform tutorial
  • Educational videos
  • No demo account
4.5
  • Trading platform tutorial
  • Educational videos
  • Good production quality
  • No demo account
  • 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
  • High level of investor protection
  • Financial information is publicly available
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Investors and traders looking for low fees and focusing on the US market Options and futures traders focusing on US markets
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