Comparing brokers side by side is no easy task. For our 2017 Broker Review
, we factored in 308 different variables to assess 16 different brokers. So when taking a look at Personal Capital vs Ally Invest Advisors, there is a huge database of information available to us.
To start this comparison, first we will take a look at the broker commission rates for placing regular stock and options trades. Personal Capital and Ally Invest Advisors have equal fees for trading equities, $0 per trade. For options trading, both Personal Capital and Ally Invest Advisors charge the same base fee of $0. Contracts at both of the brokerages are the same at $0 each. Not all brokers charge a flat rate fee per trade though, so it is important to read the full commission notes to know the complete breakdown (go to any online broker review
page, then scroll to the "Commissions Notes" section).
Next to commission rates, being able to trade the instrument you want is important. Personal Capital alongside Ally Invest Advisors both do not offer Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading. Looking at mutual funds, both Personal Capital and Ally Invest Advisors provide clients with access to total funds. Commission free ETFs also should not be forgotten, which for investors means access to funds at both brokers.
Lastly, taking a look at popular features and functionality, we can go a bit deeper to really break down the difference of both brokers. Neither broker offers virtual trading. Taking a look at mobile trading, Neither Personal Capital nor Ally Invest Advisors supports the iPhone App, iPad App and Android App. Not to be left out, online banking is also a nice benefit for many investors, and some brokerages provide these services to clients. Unfortunately Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are not available at Personal Capital or Ally Invest Advisors . On the whole, when it comes to tools, research, and trading on the go, Both Personal Capital and Ally Invest Advisors found themselves without awards for Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading in 2014.
Overall, Personal Capital boasts 4.50 stars versus Ally Invest Advisors's 3.50 stars.