Comparison Ally Invest vs TD Ameritrade

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

First of all, we’ll compare the commission fees of the two brokers. Ally Invest has a commission fee of $4.95, and TD Ameritrade has a commission fee of $6.95. When analyzing trading options, the commission fees of Ally Invest is $4.95 + $0.65 per contract, and that one of TD Ameritrade is $6.95 + $0.75. Now, let’s compare commission fees in Forex, the commission fee of Ally Invest is 0, and the commission fee of TD Ameritrade is $0.10 per 1,000 units. The full online broker reviews contains more detailed information on the brokers’ commission fees.

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 TD Ameritrade provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading. As for platforms, Ally Invest offers Web Platform, Android App, iOS App, while TD Ameritrade offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, 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 founded in 2005 in United States, and it is regulated by CFTC, NFA. And TD Ameritrade was founded in 1975 in USA, and it is regulated by SEC, FINRA. Withdrawal of funds from Ally Invest can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $0. And TD Ameritrade provides the ability to withdraw funds using Bank Wire with a withdrawal fee of free. The withdrawal time for Ally Invest is 3-5 days, and that one for TD Ameritrade is one Business Day.

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