Compare Ally Invest vs Trading 212


Online brokers compared for fees, trading platforms, safety and more. See how Ally Invest stacks up against Trading 212!

Ally Invest vs Trading 212
overall rating
4.7
4.6
overall pros
  • Low trading and non-trading fees
  • Easy and fully digital account opening
  • Great education
  • Real stocks and ETFs are commission-free
  • Quick and easy account opening
  • Great trading platforms
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 portfolio
  • Basic tools for fundamental analysis
  • High forex fee
fees
4.5
  • Low trading fees
  • Low non-trading fees
  • Zero commission on most stocks and ETFs
  • Margin rates could be lower
3.8
  • Free stock and ETF trading
  • Low CFD fees
  • No withdrawal and inactivity fee
  • High forex fees
  • High financing rate
account opening
4.4
  • Fully digital
  • Low minimum deposit
  • Slow account verification
4.5
  • Fast
  • Fully digital
  • No minimum deposit
  • Problems with verification
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
  • Few base currencies available in each country
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
4.9
  • User-friendly
  • Two-step (safer) login
  • Good search function
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
  • Good search function
  • Price alerts
desktop trading platform
markets and products
2.9
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
3.7
  • Stock
  • ETF
  • Forex
  • CFD
  • Crypto
research
3.8
  • Good interactive chart
  • Trading ideas
  • Good option strategy analyzer
  • Screener only for ETFs
2.8
  • Good interactive chart
  • User-friendly
  • 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
3.6
  • Phone support
  • Relevant answers
  • 24/7 availability
  • No live chat
education
4.3
  • Trading platform tutorial
  • Educational videos
  • No demo account
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No webinars
  • 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
  • Negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Investors and traders looking for low fees and focusing on the US market Active CFD and FX traders and investors looking for intuitive trading platforms
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