The StockBrokers.com 2017 Brokerage Review
compares Schwab Intelligent Portfolios vs Ally Invest Advisors. Compare Schwab Intelligent Portfolios and Ally Invest Advisors trade commissions, fees and overall broker ratings by using the table below. Is Schwab Intelligent Portfolios or Ally Invest Advisors a better online broker?
Looking at both brokers, first we will take a look at the commission rates for both placing regular stock and options trades. Schwab Intelligent Portfolios and Ally Invest Advisors have equal fees for trading equities, $0 per trade. With options, the base fee is $0 for both Schwab Intelligent Portfolios and Ally Invest Advisors. Contracts cost $0 each at both brokerages. It should be noted that not every broker uses a flat rate stock trade fee structure, so it is important to read the full commission notes (head over to any online brokerage review
page, then navigate to the "Commission Notes" section).
Alongside trade commissions, being able to trade the way you want is a must. Schwab Intelligent Portfolios alongside Ally Invest Advisors both do not offer Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading. When it comes to mutual funds, both brokers offer clients access to the same number, . Commission free ETFs can also be a nice plus, which for investors means access to funds at both brokers.
Last but not least, by breaking down important features that each broker offers, we can really help to separate the two brokers. Neither broker offers virtual trading. For mobile trading, Schwab Intelligent Portfolios and Ally Invest Advisors both do not offer the iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Banking is not popular with Schwab Intelligent Portfolios and Ally Invest Advisors as Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are all unavailable. On the whole, when it comes to tools, research, and trading on the go, Unfortunately, neither Schwab Intelligent Portfolios nor Ally Invest Advisors received awards for Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, Schwab Intelligent Portfolios comes out on top with 4.50 stars over Ally Invest Advisors's 3.50 stars.