Compare Ally Invest vs Zacks Trade


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

Ally Invest vs Zacks Trade
overall rating
4.7
4.6
overall pros
  • Low trading and non-trading fees
  • Easy and fully digital account opening
  • Great education
  • Low fees
  • Extensive stock and ETF selection
  • Great customer service
overall cons
  • You can trade only on US markets
  • Forex trading is available through a separate account
  • Lack of proper 2-step authentication
  • Complex desktop platform and research tools
  • Slow and complicated account opening
  • Limited educational tools
fees
4.5
  • Low trading fees
  • Low non-trading fees
  • Zero commission on most stocks and ETFs
  • Margin rates could be lower
4.3
  • Low stock and ETF fees
  • No withdrawal fee
  • No inactivity fee
  • High fund fees
account opening
4.4
  • Fully digital
  • Low minimum deposit
  • Slow account verification
2.8
  • Fully digital
  • No minimum deposit
  • Slow
  • Not user-friendly
deposit and withdrawal
2.6
  • No deposit fee
  • User-friendly
  • Free ACH withdrawal
  • Credit/Debit card not available
  • High outgoing wire transfer fee
3.5
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
  • Credit/Debit card not available
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
4.5
  • 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
3.8
  • Two-step (safer) login
  • Good search function
  • Good variety of order types
  • User interface is a bit complex
  • Alerts only through chatbot
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
3.8
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
3.8
  • Good interactive chart
  • Trading ideas
  • Good option strategy analyzer
  • Screener only for ETFs
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
4.3
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
4.3
  • Trading platform tutorial
  • Educational videos
  • No demo account
2.5
  • Demo account
  • Trading platform tutorial
  • No 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
  • High level of investor protection
  • 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 Traders and investors looking for comprehensive research tools, a wide product selection and low fees
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