Comparison Ally Invest vs Swissquote

A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Ally Invest vs Swissquote. Which of them: Ally Invest or Swissquote 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 Swissquote has a commission fee of from £15. When analyzing trading options, the commission fees of Ally Invest is $4.95 + $0.65 per contract, and that one of Swissquote is £1 per contract (Minimum £5). Now, let’s compare commission fees in Forex, the commission fee of Ally Invest is 0, and the commission fee of Swissquote is average spread of 1.3 pips. You can read more detailed information on commission fees in the online broker reviews.

It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Robo Advisor are provided to customers by Ally Invest and Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor are provided by Swissquote. As for platforms, Ally Invest offers Web Platform, Android App, iOS App, while Swissquote offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, Android App, iOS App.

Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. Ally Invest was established in 2005 in United States, and it is regulated by CFTC, NFA. And Swissquote was established in Switzerland in 1996, and it is regulated by FCA, FINMA, DFSA, MAS, SFC. Withdrawal of funds from Ally Invest can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $0. And Swissquote provides the ability to withdraw funds using Bank Wire with a withdrawal fee of depends on account type. The withdrawal time for Ally Invest is 3-5 days, and that one for Swissquote is 1-2 working days.

As a result, the rating of Ally Invest is 3.7 stars versus that of Swissquote of 4 stars.