StockBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure

Charles Schwab vs Ally Invest 2019

Is Ally Invest better than Charles Schwab? Based on over 4,000 data points from our 2019 annual broker review, Charles Schwab (84.06%) is better than Ally Invest (62.44%).

Charles Schwab

Best for IRA accounts - Open Account
Special Offer: $0 online stock, ETF, and options commissions at Schwab.

For investors seeking access to $0 stock and ETF trades alongside excellent research tools for performing market analysis, Charles Schwab will not disappoint. Charles Schwab is also our number one pick for IRA accounts and broader retirement investing. Read full review

Ally Invest

Best for IRA Accounts Overall
Among the bank and brokerage combinations, Ally shines and competes with the best in the industry. Ally’s high-yield savings account is easy to use and offers competitive annual yields above 2%. Also, Ally does not nickel and dime its customers; it embraces no-fee banking. Read full review.

Overall Rating

Feature Charles Schwab Ally Invest
Overall 4 3
Charles Schwab Review Ally Invest Review

Trading Fees

Feature Charles Schwab Ally Invest
Minimum Deposit $0.00 $0.00
Stock Trade Fee (per trade) $0.00 $0.00
ETF Trade Fee $0.00 $0.00
Options Base Fee $0.00 $0.00
Options Per Contract Fee $0.65 $0.50
Mutual Fund Trade Fee $49.95 $9.95
Broker Assisted Trades Fee $25.00 $20.00
Commissions & Fees 4.5 3.5
Winner check_circle

Margin Rates

Feature Charles Schwab
Open Account
Ally Invest
Under $24,999.99 9.33% 9.50%
$25,000.00 to $49,999.99 8.83% 9.25%
$50,000.00 to $99,999.99 7.88% 8.50%
$100,000.00 to $249,999.99 7.83% 7.25%
$250,000.00 to $499,999.99 7.58% 6.25%
$500,000.00 to $999,999.99 6.08% 5.75%
Above $1,000,000.00 5.75% 5.00%
Commissions & Fees 4.5 3.5
Winner check_circle

Account Fees

Feature Charles Schwab Ally Invest
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $50.00 $50.00
Returned ACH Fee $25.00 $30.00
Returned Wire Fee $25.00 $30.00
Stock Certificate Processing Fee $100.00 $300.00
Stock Certificate Delivery Fee N/A $300.00
Paper Statement Fee $0.00 $2.00
Paper Confirmation Fee $0.00 $1.00
Domestic Wire Fee $25.00 $30.00
International Wire Fee $25.00 N/A
Commissions & Fees 4.5 3.5

Investment Options

Feature Charles Schwab Ally Invest
Stock Trading
Yes Yes
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
Yes No
Forex Trading
No Yes
Commission-Free ETFs all all
Mutual Funds (No Load)
7291 11234
Mutual Funds (Total)
9978 18728
Bonds (US Treasury)
Yes Yes
Bonds (Corporate)
Yes Yes
Bonds (Municipal)
Yes Yes
Advisor Services
Yes Yes
International Trading
Yes No
Offering of Investments 4.5 4
Winner check_circle

Order Types

Feature Charles Schwab Ally Invest
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes Yes
Order Type - Contingent
Yes Yes
Order Type - MultiContingent
Yes No
Order Type - OCO
Yes Yes
Order Type - OTO
Yes Yes
Order Type - OTOCO
Yes No
Offering of Investments 4.5 4
Winner check_circle

Trading Platforms

Feature Charles Schwab Ally Invest
Desktop Platform (Windows)
Yes No
Desktop Platform (Mac)
Yes No
Web Platform
Yes Yes
Paper Trading
No No
Trade Journal
Yes No
Watch Lists - Total Fields
125 21
Heat Mapping
Yes No
Platforms & Tools 4.5 2.5
Winner check_circle

Charting Features

Feature Charles Schwab Ally Invest
Charting - Trade Off Chart
Yes No
Charting - Indicators / Studies
41 117
Charting - Drawing Tools
15 36
Charting - Historical Trades
No No
Charting - Corporate Events
Yes Yes
Charting - Automated Analysis
Yes Yes
Charting - Save Profiles
Yes Yes
Charting - Study Customizations
7 5
Charting - Custom Studies
No No
Platforms & Tools 4.5 2.5
Winner check_circle

Day Trading

Feature Charles Schwab Ally Invest
Stock Alerts - Basic Fields
Yes Yes
Stock Alerts - Advanced Fields
Yes No
Streaming Time & Sales
Yes No
Streaming TV
Yes No
Direct Market Routing - Stocks
Yes No
Direct Market Routing - Options
No No
Ladder Trading
No No
Trade Hot Keys
Yes No
Level 2 Quotes - Stocks
Yes No
Level 2 Quotes - Options
Yes No
Trade Ideas - Backtesting
Yes Yes
Short Locator
No No
Order Liquidity Rebates
No No
Winner check_circle

Mobile Trading Apps

Feature Charles Schwab Ally Invest
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
Yes No
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes No
Trading - Conditional Orders
No No
Trading - Mutual Funds
Yes No
Trading - Simple Options
Yes Yes
Trading - Complex Options
Yes Yes
Trading - Option Rolling
No No
Touch / Face ID
Yes Yes
Winner check_circle

Mobile App Features

Feature Charles Schwab Ally Invest
Watch List Syncing
Yes Yes
Stock Alerts
No No
Charting - After Hours
No No
Charting - Drawing
No No
Charting - Study Customizations
Yes No
Heatmapping
Yes No
Stream Live TV
Yes No
Barcode Lookup
No No
Mobile Trading 4 3
Winner check_circle

Research Overview

Feature Charles Schwab Ally Invest
Research - Stocks
Yes Yes
Research - ETFs
Yes Yes
Research - Mutual Funds
Yes Yes
Research - Pink Sheets / OTCBB
Yes Yes
Research - Fixed Income
Yes No
Screener - Stocks
Yes No
Screener - ETFs
Yes No
Screener - Mutual Funds
Yes No
Screener - Options
Yes No
Screener - Bonds
Yes Yes
Misc - Portfolio Builder
Yes Yes
Misc - Portfolio Allocation
Yes No
Research 5 2
Winner check_circle

Stock Research

Feature Charles Schwab Ally Invest
Stock Research - Reports
8 2
Stock Research - Earnings
Yes Yes
Stock Research - Insiders
Yes Yes
Stock Research - Metric Comp
Yes No
Stock Research - SEC Filings
Yes Yes
Stock Research - Social
Yes No
Stock Research - Balance Sheet
Yes Yes
Stock Research - Cash Flows
Yes Yes
Stock Research - News
Yes Yes
Stock Research - ESG
No No
Research 5 2
Winner check_circle

ETF Research

Feature Charles Schwab Ally Invest
ETFs - Strategy Overview
Yes Yes
ETFs - Top 10 Holdings
Yes No
ETFs - Sector Exposure
Yes No
ETFs - Risk Analysis
Yes Yes
ETFs - Performance Analysis
Yes Yes
ETFs - Ratings
Yes Yes
ETFs - Morningstar StyleMap
Yes No
ETFs - Reports
Yes Yes
Research 5 2
Winner check_circle

Mutual Fund Research

Feature Charles Schwab Ally Invest
Mutual Funds - Strategy Overview
Yes Yes
Mutual Funds - Prospectus
Yes No
Mutual Funds - Reports
Yes Yes
Mutual Funds - Fees Breakdown
Yes Yes
Mutual Funds - Top 10 Holdings
Yes No
Mutual Funds - Asset Allocation
Yes No
Mutual Funds - Sector Allocation
Yes Yes
Mutual Funds - Country Allocation
Yes No
Mutual Funds - StyleMap
Yes No
Mutual Funds - 3rd Party Ratings
Yes Yes
Research 5 2
Winner check_circle

Options Trading

Feature Charles Schwab Ally Invest
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
44 8
Option Chains - Greeks
5 1
Option Chains - Quick Analysis
Yes Yes
Option Analysis - P&L Charts
Yes Yes
Option Probability Analysis
Yes Yes
Option Probability Analysis Adv
Yes No
Option Positions - Greeks
Yes Yes
Option Positions - Adv Analysis
Yes Yes
Option Positions - Rolling
Yes No
Option Positions - Grouping
Yes Yes
Platforms & Tools 4.5 2.5
Winner check_circle

Beginners

Feature Charles Schwab Ally Invest
Has Education - Stocks
Yes Yes
Has Education - ETFs
Yes No
Has Education - Options
Yes Yes
Has Education - Mutual Funds
Yes Yes
Has Education - Fixed Income
Yes Yes
Has Education - Retirement
Yes Yes
Paper Trading
No No
Videos
Yes No
Webinars (Monthly Avg)
50 15
Webinars (Archived)
Yes No
Live Seminars
Yes No
Progress Tracking
No No
Interactive Learning - Quizzes
No No
Investor Magazine
Yes No
Education 4.5 3.5
Winner check_circle

Banking

Feature Charles Schwab Ally Invest
Retail Locations
357 0
Member FDIC
Yes Yes
Checking Accounts
Yes Yes
Savings Accounts
Yes Yes
Credit Cards
Yes Yes
Debit Cards
Yes Yes
Mortgage Loans
Yes Yes
No Fee Banking
Yes Yes
Banking 4.5 4
Winner check_circle

Overall

Feature Charles Schwab Ally Invest
Charles Schwab Review Ally Invest Review
Overall 4 3
Winner check_circle

The StockBrokers.com annual broker review assesses more than a dozen different brokers over six months, surfacing the best online stock brokers. This review compares Ally Invest vs Charles Schwab. Is Ally Invest or Charles Schwab a better online broker?

First, we will make a comparison of the stock and option trading fees for trading with both brokers. Ally Invest and Charles Schwab charge the same amount for regular stock trades, $0. Looking at options, the base fees charged are the same for both brokers, $0. Option contracts are pricier at Charles Schwab, costing $0.65 versus $0.50 at Ally Invest. Note that some brokers charge a per-share fee instead of a flat-fee commission. For a full breakdown of commissions, read our online broker reviews.

For our next comparison of these two brokers, being able to trade the way you want is a must. Charles Schwab supports Stock Trading, Options Trading, Mutual Funds and Futures Trading while Ally Invest supports Stock Trading, Options Trading, Mutual Funds and Forex Trading. When it comes to mutual funds, Charles Schwab trails Ally Invest by 8,154 total mutual funds, with Ally Invest offering 14000 and Charles Schwab offering 5846.

Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. Neither Ally Invest and Charles Schwab offer virtual trading. For mobile trading, Ally Invest along with Charles Schwab both support the iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are available to customers of Ally Invest and Charles Schwab.

Overall, between Ally Invest and Charles Schwab, Charles Schwab is the winner.

Ally Invest Review
Charles Schwab Review



All pricing data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.

arrow_drop_upBack to top