Comparison Ally Invest vs Zacks Trade

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

First of all, we’ll compare the commission fees of the two brokers. The commission fee of Ally Invest on regular transactions of the stock exchange is $4.95, and Zacks Trade has a commission fee of $0.01 per share with $1 minimum or 1% of trade value if <$1 per share. When analyzing trading options, the commission fees of Ally Invest is $4.95 + $0.65 per contract, and that one of Zacks Trade is $1 for First Contract + $0.75 per additional. For trading in Forex, the commission fee of Ally Invest is 0, while the commission fee of Zacks Trade is -. 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 Zacks Trade provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading. As for platforms, Ally Invest offers Web Platform, Android App, iOS App, while Zacks Trade 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 Zacks Trade was founded in Original company 1978, online brokerage 2008 in United States, and it is regulated by SEC, FINRA, SIPC. We can withdraw funds from Ally Invest with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $0. And Zacks Trade provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is 1 withdrawal free monthly. The withdrawal time for Ally Invest is 3-5 days, and that one for Zacks Trade is 4-7 working days.

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