Comparison Ally Invest vs eToro

The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Ally Invest vs eToro. Is Ally Invest or eToro a better online broker?

Firstly, let’s compare commission fees provided by these brokers for regular transactions. Ally Invest has a commission fee of $4.95, and eToro has a commission fee of 0.09% spread per side. For trading in Forex, the commission fee of Ally Invest is 0, while the commission fee of eToro is from 3 pips. You can read more detailed information on commission fees in the online broker reviews.

Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are Ally Invest provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Robo Advisor, and eToro provides customers with Stocks Trading, ETFs Trading, Forex Trading, Crypto Trading. Concerning the platforms, Ally Invest uses Web Platform, Android App, iOS App, while eToro uses Web Platform, Android App, iOS App.

In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. Ally Invest was founded in 2005 in United States, and it is regulated by CFTC, NFA. And eToro was founded in 2007 in Cyprus, and it is regulated by CySEC, FCA, ASIC. Withdrawal of funds from Ally Invest can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $0. And eToro provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of $25. The withdrawal time for Ally Invest is 3-5 days, and that one for eToro is within 1 business day.

As a result, the rating of Ally Invest is 3.7 stars versus that of eToro of 4.5 stars.