Using data from our latest annual broker review which tested more than a dozen different online brokers over six months, we can compare Ally Invest vs Chase You Invest Trade to determine which broker is best. Let's dive in.
First, we will break down the commission charges of both brokers for placing stock and options trades. Chase You Invest Trade, with its regular stock trades costing $2.95, is more expensive than Ally Invest's rate of $0 per trade. Looking at trading options, Ally Invest's base fee is $0 while Chase You Invest Trade's is $2.95. Ally Invest's per contract rate of $0.50 is less than Chase You Invest Trade which charges $0.75. Instead of flat rate fees, several brokers charge a per-share fee instead. For a complete review of trading charges, read our full online broker reviews.
Next, investors want to make sure they can trade the investment vehicle they want. Chase You Invest Trade provides its clients with Stock Trading, Options Trading and Mutual Funds while Ally Invest provides clients access to Stock Trading, Options Trading, Mutual Funds and Forex Trading. As far as mutual funds go, Chase You Invest Trade trails Ally Invest by 11,300 total mutual funds, with Ally Invest offering 14000 and Chase You Invest Trade offering 2700.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Neither broker offers virtual trading. For mobile trading, Chase You Invest Trade supports the iPhone App and Android App while Ally Invest supports the iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Both Ally Invest and Chase You Invest Trade offer Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans.
Overall, between Ally Invest and Chase You Invest Trade, Ally Invest is the winner.
Ally Invest Review
Chase You Invest Trade Review