E*TRADE vs Ally Invest 2025
In this head to head comparison of E*TRADE vs Ally Invest, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
In this head to head comparison of E*TRADE vs Ally Invest, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
In the world of online brokerage, both E*TRADE and Ally Invest offer strong options for investors, but there are notable differences. E*TRADE excels with its broader variety of investment options, particularly futures trading, which is unavailable with Ally Invest. Both platforms provide a comprehensive selection including stock trading, margin trading, mutual funds, options trading, and OTC stocks, alongside traditional and Roth IRA accounts. Neither offers forex or crypto trading, maintaining identical stances with zero cryptocurrencies available for trading. Ultimately, both platforms rate equally for their range of investments, receiving 4.5-star ratings; however, when ranked, E*TRADE holds a slight edge as it is positioned fourth among 14 brokers, compared to Ally Invest's eighth place ranking.
E*TRADE and Ally Invest present a solid foundation for individuals interested in traditional online trading activities. Both brokers are well-suited for those seeking to trade stocks, options, and mutual funds with the added capability of trading on margin. Investors can also engage in OTC stock trading on both platforms. The absence of fractional shares trading could be a consideration for investors who prefer to trade smaller amounts of high-priced stocks, as neither platform supports this feature.
While E*TRADE presents a slight advantage in terms of investment diversity with the inclusion of futures trading, Ally Invest remains competitive, particularly for those who may not find futures necessary in their investment strategy. Both services offer advisor services for clients looking for professional guidance. For investors aiming for a comprehensive investment experience without the need for cryptocurrency or forex trading, both brokers stand as competent choices, with E*TRADE slightly edging ahead in certain areas of investment range.
Feature |
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Stock Trading | Yes | Yes |
Account Feature - Margin Trading | Yes | Yes |
Fractional Shares (Stocks) | No | No |
OTC Stocks | Yes | Yes |
Mutual Funds | Yes | Yes |
Options Trading | Yes | Yes |
Futures Trading | Yes | No |
Crypto Trading | No | No |
Crypto Trading - Total Coins | 0 | 0 |
Range of Investments |
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Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025: A Beginner-Friendly Guide to an Advanced Market
When it comes to choosing between E*TRADE and Ally Invest for trading platforms and tools, the distinction is quite clear. E*TRADE stands out with a higher rating of four stars, while Ally Invest holds three stars. E*TRADE offers comprehensive features that place it at fifth among 14 brokers according to StockBrokers.com, whereas Ally Invest ranks tenth. With E*TRADE, you gain access to a plethora of functionalities suited for those who seek a more in-depth trading experience, something that shows in their platform's offerings.
E*TRADE provides the flexibility of a downloadable trading platform for both Windows and Mac, something Ally Invest does not offer. Both brokers offer browser-based platforms, but E*TRADE enhances your experience with features like paper trading and the ability to adjust open orders directly on stock charts. E*TRADE's platform boasts an impressive offering of 121 technical indicators and 37 drawing tools, surpassing Ally Invest's slightly lower 120 indicators and 36 tools. Additionally, E*TRADE supports features like viewing historical trades and corporate events on charts, which adds valuable context for traders.
When it comes to customizing and organizing your trading, E*TRADE allows for more personalization and detailed watchlists, with up to 43 columns compared to Ally Invest's 10. E*TRADE also enables traders to set custom date ranges on charts and offers the capability to save multiple chart profiles, enhancing the user experience significantly. Even with both platforms offering conveniences like automated technical analysis and the ability to add notes to charts, E*TRADE's more comprehensive set of features makes it a preferable choice for a nuanced trading setup.
Feature |
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Web Trading Platform | Yes | Yes |
Desktop Trading Platform | Yes | No |
Desktop Platform (Mac) | Yes | No |
Paper Trading | Yes | No |
Watch Lists - Total Fields | 43 | 10 |
Charting - Indicators / Studies | 121 | 120 |
Charting - Drawing Tools | 37 | 36 |
Platforms & Tools |
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Dive deeper: Best Online Brokers & Trading Platforms for 2025, Best Paper Trading Apps & Platforms for 2025
E*TRADE and Ally Invest both offer a wide range of educational resources for beginners looking to dive into the world of investing. Both brokers provide education on stocks, ETFs, options, mutual funds, and bonds. E*TRADE sets itself apart by offering paper trading, educational videos, and webinars, which can enhance the learning experience for those who prefer a more interactive approach. While Ally Invest covers the same asset classes, it does not offer paper trading or video content, which could be a consideration for novices who value these tools in their learning journey.
When evaluated on their overall educational offerings, E*TRADE receives a stellar 5-star rating, ranking #4 out of 14 brokers according to StockBrokers.com. This high ranking reflects its comprehensive resources and interactive learning options. In comparison, Ally Invest earns a respectable 4-star rating and ranks #7. While both brokers offer substantial educational content, E*TRADE's additional tools and resources for learning and practice make it a more attractive option for beginner investors eager to deepen their understanding and skills. However, neither broker provides educational quizzes or the ability to track learning progress.
Feature |
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Education (Stocks) | Yes | Yes |
Education (ETFs) | Yes | Yes |
Education (Options) | Yes | Yes |
Education (Mutual Funds) | Yes | Yes |
Education (Fixed Income) | Yes | Yes |
Paper Trading | Yes | No |
Videos | Yes | No |
Webinars | Yes | No |
Education |
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Dive deeper: Best Stock Trading Platforms for Beginners of 2025
When considering a stock trading app, E*TRADE emerges as a more comprehensive choice compared to Ally Invest. It offers a wealth of features, including mobile after-hours stock trading, streaming live TV, and the ability to customize watch lists and chart views extensively. E*TRADE's app excels with a perfect 5-star rating, underscoring its top-tier performance and features in the realm of mobile trading. Meanwhile, Ally Invest holds a respectable 4-star rating, but it lacks many of the advanced tools and functionalities provided by E*TRADE.
Both E*TRADE and Ally Invest offer mobile apps that are compatible with iPhone and Android devices, providing flexibility and accessibility. However, E*TRADE extends its reach further with an Apple Watch app, a feature Ally Invest does not provide. Streaming quotes are available on both platforms, yet E*TRADE edges out by also featuring mobile options trading, stock alerts, and the ability to handle after-hours trading directly from its app.
Charting capabilities further distinguish E*TRADE's app, offering features like after-hours charting, landscape mode views, and customizable technical studies, numbering 107 in total. In stark contrast, Ally Invest does not offer any technical studies and lacks the ability to view charts in landscape mode. Additionally, E*TRADE allows users to display stock comparisons directly on charts, enhancing analytical capabilities. Together, these offerings place E*TRADE at a higher ranking with StockBrokers.com, securing the #4 spot out of 14 brokers, while Ally Invest sits at #13.
Feature |
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iPhone App | Yes | Yes |
Android App | Yes | Yes |
Apple Watch App | Yes | No |
Stock Alerts | Yes | No |
Charting - After-Hours | Yes | No |
Charting - Technical Studies | 107 | 0 |
Mobile Trading Apps |
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Dive deeper: Best Stock Trading Apps for 2025
When choosing between E*TRADE and Ally Invest, both platforms offer fee-free stock trades and no minimum deposit requirement, making them accessible for investors of all levels. However, they diverge in their pricing structures for options trading and other charges. Ally Invest generally offers more competitive rates on options contracts and margin balances. On the other hand, E*TRADE provides a slightly more cost-effective solution for certain account transfer fees, and it eliminates fees for IRA closures, setting it apart in those specific areas.
Both E*TRADE and Ally Invest charge no fees for regular stock trades, enhancing their appeal to cost-conscious investors. While both do not require a minimum deposit, Ally Invest leads with a slightly lower fee per options contract at $0.50 compared to E*TRADE's $0.65. When it comes to margin balances, Ally Invest consistently offers lower rates across all tiers, including 12% for balances below $25,000 and 11% for balances ranging from $50,000 to $99,999. E*TRADE's respective rates are 12.95% and 12.2%, which may impact decision-making for those engaging in margin trading.
For account-related fees, both brokers offer fee-free IRA accounts, though Ally Invest charges $25 for IRA closures, unlike E*TRADE which charges nothing. Additionally, Ally Invest has a $50 fee for partial account transfers, whereas E*TRADE does not charge for this service. Conversely, for full account transfers, E*TRADE's fee stands at $75, while Ally Invest once again charges $50. Despite slight differences in fees, both platforms eliminate options exercise and assignment fees, reflecting a user-friendly approach to options trading.
Feature |
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Minimum Deposit | $0.00 | $0.00 |
Stock Trades | $0.00 | $0.00 |
Options (Per Contract) | $0.65 | $0.50 |
Options Exercise Fee | $0.00 | $0.00 |
Options Assignment Fee | $0.00 | $0.00 |
IRA Annual Fee | $0.00 | $0.00 |
IRA Closure Fee | $0.00 | $25.00 |
Dive deeper: Best Free Trading Platforms for 2025
When comparing E*TRADE and Ally Invest for day trading, E*TRADE emerges as a stronger platform with several valuable features. E*TRADE provides streaming time and sales, streaming live TV, and direct market routing for stocks, which are crucial for active traders who need up-to-the-minute data and flexibility in executing trades. Additionally, E*TRADE offers trading hotkeys and level 2 quotes, further enhancing its appeal to day traders seeking advanced tools and efficient trade execution.
On the other hand, Ally Invest falls short in these areas, as it does not offer streaming time and sales, streaming live TV, or direct market routing. Furthermore, Ally Invest lacks trading hotkeys and level 2 quotes, which might limit the experience for those who require rapid and informed decision-making during trading sessions. While neither platform provides ladder trading, backtesting, or a short locator tool, E*TRADE's added capabilities make it a more suitable choice for those serious about day trading.
Feature |
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Streaming Time & Sales | Yes | No |
Streaming TV | Yes | No |
Direct Market Routing - Equities | Yes | No |
Level 2 Quotes - Stocks | Yes | No |
Trade Ideas - Backtesting | No | No |
Trade Ideas - Backtesting Adv | No | No |
Short Locator | No | No |
Dive deeper: Best Day Trading Platforms for 2025
When it comes to market research capabilities, E*TRADE stands out as a top performer, offering a comprehensive suite of tools and resources. It consistently ranks higher in ratings compared to Ally Invest, with E*TRADE scoring a perfect 5 out of 5 stars for market research, while Ally Invest earns 3.5 stars. Additionally, E*TRADE is ranked second among 14 brokers by StockBrokers.com in terms of market research, whereas Ally Invest finds itself in the eighth position. These differences highlight E*TRADE's robust offerings and make it a compelling choice for investors seeking in-depth market analysis.
E*TRADE provides extensive research options, including downloadable PDF reports across various investment types such as stocks, ETFs, and mutual funds, which are not available at Ally Invest. The broker also supports portfolio allocation insights by asset class and boasts a total of eight stock research reports, illustrating a higher level of detail in its research capabilities. Both platforms offer stock and ETF screeners, but E*TRADE extends its functionality by offering mutual fund and bond screeners. This gives E*TRADE users broader access to valuable trade ideas across different securities.
Both E*TRADE and Ally Invest integrate social media sentiment data into their stock research, although neither broker currently offers ESG research. While both platforms are solid choices for market research, E*TRADE clearly provides more comprehensive tools and resources, which is evident in its higher ratings and broader research capabilities. These features are particularly beneficial for investors who prioritize having detailed and varied financial analyses, making E*TRADE a more suitable choice for those looking to leverage extensive research in their investment decisions.
Feature |
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Research - Stocks | Yes | Yes |
Screener - Stocks | Yes | Yes |
Research - ETFs | Yes | Yes |
Screener - ETFs | Yes | Yes |
Research - Mutual Funds | Yes | Yes |
Screener - Mutual Funds | Yes | No |
Research - Fixed Income | Yes | Yes |
Screener - Fixed Income | Yes | Yes |
Research |
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When comparing the banking capabilities of E*TRADE and Ally Invest, both online brokers provide a range of services suited for personal finance needs. E*TRADE and Ally Invest each offer checking and savings accounts, allowing users to manage their everyday banking efficiently. Customers can use debit cards at both institutions, ensuring easy access to cash and purchases. Additionally, both brokers offer credit cards, adding flexibility to their financial product line-ups. Those seeking home ownership options can explore mortgage loans through either E*TRADE or Ally Invest. In terms of investment options, both platforms provide Certificates of Deposit (CDs), enabling customers to grow their savings over time with potentially higher returns. Whether you choose E*TRADE or Ally Invest, you can count on a variety of banking services to support your financial journey.
Feature |
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Checking Accounts | Yes | Yes |
Savings Accounts | Yes | Yes |
Debit Cards | Yes | Yes |
Credit Cards | Yes | Yes |
Mortgage Loans | Yes | Yes |
Brokerage CDs | Yes | Yes |
Dive deeper: Best Brokerage Checking Accounts for 2025
After opening live accounts and testing 14 of the best online brokers, our research and live account testing finds that E*TRADE is better than Ally Invest. E*TRADE finished with an overall score of 95.4%, while Ally Invest finished with a score of 80.1%.
E*TRADE is a top-performing broker whose highlights include $0 trades, two excellent mobile apps and the Power E*TRADE platform. Crypto, however, is not available.
Neither E*TRADE nor Ally Invest offer crypto trading, with both platforms providing access to zero cryptocurrency coins.
Dive deeper: Best Online Brokers for Crypto Trading in 2025
Both E*TRADE and Ally Invest offer traditional and Roth IRA accounts with no annual fees, but only E*TRADE allows you to close your IRA account without a closure fee, while Ally Invest charges $25 for this service.
Dive deeper: Best IRA Accounts for 2025
Select Brokers
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0 of 5Overall Rating | E*TRADE | Ally Invest | |
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Platforms & Tools |
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Mobile Trading Apps |
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Research |
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Customer Service |
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Education |
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Ease of Use |
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Winner | check_circle | ||
Review | E*TRADE Review | Ally Invest Review |
Broker Screenshots | E*TRADE | Ally Invest | |
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Broker Gallery (click to expand) |
Trading Fees | E*TRADE | Ally Invest | |
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Minimum Deposit | $0.00 | $0.00 | |
Stock Trades | $0.00 | $0.00 | |
Penny Stock Fees (OTC) | $6.95 | $4.95 | |
Mutual Fund Trade Fee | $0.00 | $0.00 | |
Options (Per Contract) | $0.65 | $0.50 | |
Futures (Per Contract) | $1.50 | (Not offered) | |
Broker Assisted Trade Fee | $25 | $20 |
Margin Rates | E*TRADE | Ally Invest | |
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Margin Rate Under $25,000 | 12.95% | 12% | |
Margin Rate $25,000 to $49,999.99 | 12.7% | 11.75% | |
Margin Rate $50,000 to $99,999.99 | 12.2% | 11% | |
Margin Rate $100,000 to $249,999.99 | 11.7% | 9.75% | |
Margin Rate $250,000 to $499,999.99 | 11.2% | 8.75% | |
Margin Rate $500,000 to $999,999.99 | Varies | 8.25% | |
Margin Rate Above $1,000,000 | Varies | 7.5% |
Account Fees | E*TRADE | Ally Invest | |
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IRA Annual Fee | $0.00 | $0.00 | |
IRA Closure Fee | $0.00 | $25.00 | |
Account Transfer Out (Partial) | $0.00 | $50.00 | |
Account Transfer Out (Full) | $75.00 | $50.00 | |
Options Exercise Fee | $0.00 | $0.00 | |
Options Assignment Fee | $0.00 | $0.00 |
Investment Options | E*TRADE | Ally Invest | |
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Stock Trading | Yes | Yes | |
Account Feature - Margin Trading | Yes | Yes | |
Fractional Shares (Stocks) | No | No | |
OTC Stocks | Yes | Yes | |
Options Trading | Yes | Yes | |
Complex Options Max Legs | 4 | 4 | |
Futures Trading | Yes | No | |
Forex Trading | No | No | |
Crypto Trading | No | No | |
Crypto Trading - Total Coins | 0 | 0 | |
Fixed Income (Treasurys) | Yes | Yes | |
Fixed Income (Corporate Bonds) | Yes | Yes | |
Fixed Income (Municipal Bonds) | Yes | Yes | |
Traditional IRAs | Yes | Yes | |
Roth IRAs | Yes | Yes | |
Advisor Services | Yes | Yes | |
International Countries (Stocks) | 0 | 0 |
Order Types | E*TRADE | Ally Invest | |
---|---|---|---|
Order Type - Market | Yes | Yes | |
Order Type - Limit | Yes | Yes | |
Order Type - After Hours | Yes | Yes | |
Order Type - Stop | Yes | Yes | |
Order Type - Trailing Stop | Yes | No | |
Order Type - OCO | Yes | No | |
Order Type - OTO | Yes | No | |
Order Type - Broker Assisted | Yes | Yes |
Beginners | E*TRADE | Ally Invest | |
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Education (Stocks) | Yes | Yes | |
Education (ETFs) | Yes | Yes | |
Education (Options) | Yes | Yes | |
Education (Mutual Funds) | Yes | Yes | |
Education (Fixed Income) | Yes | Yes | |
Education (Retirement) | Yes | Yes | |
Retirement Calculator | Yes | No | |
Investor Dictionary | Yes | Yes | |
Paper Trading | Yes | No | |
Videos | Yes | No | |
Webinars | Yes | No | |
Progress Tracking | No | No | |
Interactive Learning - Quizzes | No | No |
Stock Trading Apps | E*TRADE | Ally Invest | |
---|---|---|---|
iPhone App | Yes | Yes | |
Android App | Yes | Yes | |
Apple Watch App | Yes | No | |
Trading - Stocks | Yes | Yes | |
Trading - After-Hours | Yes | Yes | |
Trading - Simple Options | Yes | Yes | |
Trading - Complex Options | Yes | Yes | |
Order Ticket RT Quotes | Yes | Yes | |
Order Ticket SRT Quotes | Yes | No |
Stock App Features | E*TRADE | Ally Invest | |
---|---|---|---|
Market Movers (Top Gainers) | Yes | Yes | |
Stream Live TV | Yes | No | |
Videos on Demand | No | No | |
Stock Alerts | Yes | No | |
Option Chains Viewable | Yes | Yes | |
Watch List (Real-time) | Yes | Yes | |
Watch List (Streaming) | Yes | No | |
Watch Lists - Create & Manage | Yes | Yes | |
Watch Lists - Column Customization | Yes | No |
Stock App Charting | E*TRADE | Ally Invest | |
---|---|---|---|
Charting - After-Hours | Yes | No | |
Charting - Can Turn Horizontally | Yes | No | |
Charting - Multiple Time Frames | Yes | Yes | |
Charting - Technical Studies | 107 | 0 | |
Charting - Study Customizations | Yes | No | |
Charting - Stock Comparisons | Yes | No |
Trading Platforms | E*TRADE | Ally Invest | |
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Active Trading Platform | Power E*TRADE | N/A | |
Desktop Trading Platform | Yes | No | |
Desktop Platform (Mac) | Yes | No | |
Web Trading Platform | Yes | Yes | |
Paper Trading | Yes | No | |
Trade Journal | No | No | |
Watch Lists - Total Fields | 43 | 10 |
Stock Chart Features | E*TRADE | Ally Invest | |
---|---|---|---|
Charting - Adjust Trades on Chart | Yes | No | |
Charting - Indicators / Studies | 121 | 120 | |
Charting - Drawing Tools | 37 | 36 | |
Charting - Notes | Yes | Yes | |
Charting - Historical Trades | Yes | No | |
Charting - Corporate Events | Yes | No | |
Charting - Custom Date Range | Yes | No | |
Charting - Custom Time Bars | No | No | |
Charting - Automated Analysis | Yes | Yes | |
Charting - Save Profiles | Yes | Yes | |
Trade Ideas - Technical Analysis | Yes | No | |
Charting - Study Customizations | 8 | 8 | |
Charting - Custom Studies | No | No |
Day Trading | E*TRADE | Ally Invest | |
---|---|---|---|
Streaming Time & Sales | Yes | No | |
Streaming TV | Yes | No | |
Direct Market Routing - Equities | Yes | No | |
Ladder Trading | No | No | |
Trade Hot Keys | Yes | No | |
Level 2 Quotes - Stocks | Yes | No | |
Trade Ideas - Backtesting | No | No | |
Trade Ideas - Backtesting Adv | No | No | |
Short Locator | No | No | |
Order Liquidity Rebates | No | No |
Research Overview | E*TRADE | 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 | Yes | |
Screener - Stocks | Yes | Yes | |
Screener - ETFs | Yes | Yes | |
Screener - Mutual Funds | Yes | No | |
Screener - Fixed Income | Yes | Yes | |
Portfolio Asset Allocation | Yes | No |
Stock Research | E*TRADE | Ally Invest | |
---|---|---|---|
Stock Research - PDF Reports | 8 | 0 | |
Stock Research - Earnings | Yes | No | |
Stock Research - Insiders | Yes | Yes | |
Stock Research - Social | Yes | Yes | |
Stock Research - News | Yes | Yes | |
Stock Research - ESG | No | No | |
Stock Research - SEC Filings | Yes | No |
ETF Research | E*TRADE | Ally Invest | |
---|---|---|---|
ETFs - Investment Objective | Yes | No | |
ETF Fund Facts - Inception Date | Yes | No | |
ETF Fund Facts - Expense Ratio | Yes | Yes | |
ETF Fund Facts - Total Assets | Yes | Yes | |
ETF Fund Facts - Total Holdings | Yes | No | |
ETFs - Top 10 Holdings | Yes | Yes | |
ETFs - Sector Exposure | Yes | No | |
ETFs - Risk Analysis | Yes | No | |
ETFs - Ratings | Yes | Yes | |
ETFs - Morningstar StyleMap | Yes | No | |
ETFs - PDF Reports | Yes | No |
Mutual Fund Research | E*TRADE | Ally Invest | |
---|---|---|---|
Mutual Funds - Investment Objective | Yes | Yes | |
Mutual Funds - Performance Chart | Yes | Yes | |
Mutual Funds - Performance Analysis | Yes | No | |
Mutual Funds - Prospectus | Yes | No | |
Mutual Funds - 3rd Party Ratings | Yes | Yes | |
Mutual Funds - Fees Breakdown | Yes | No | |
Mutual Funds - Top 10 Holdings | Yes | Yes | |
Mutual Funds - Asset Allocation | Yes | No | |
Mutual Funds - Sector Allocation | Yes | Yes | |
Mutual Funds - Country Allocation | Yes | No | |
Mutual Funds - StyleMap | Yes | No |
Options Trading | E*TRADE | Ally Invest | |
---|---|---|---|
Option Chains - Total Greeks | 5 | 5 | |
Option Analysis - P&L Charts | Yes | No |
Banking | E*TRADE | Ally Invest | |
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Bank (Member FDIC) | Yes | Yes | |
Checking Accounts | Yes | Yes | |
Savings Accounts | Yes | Yes | |
Credit Cards | Yes | Yes | |
Debit Cards | Yes | Yes | |
Mortgage Loans | Yes | Yes |
Customer Service | E*TRADE | Ally Invest | |
---|---|---|---|
Phone Support (Prospective Customers) | Yes | Yes | |
Phone Support (Current Customers) | Yes | Yes | |
Email Support | Yes | Yes | |
Live Chat (Prospective Customers) | No | No | |
Live Chat (Current Customers) | Yes | Yes | |
24/7 Support | Yes | Yes |
Overall | E*TRADE | Ally Invest | |
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Overall |
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Range of Investments |
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Platforms & Tools |
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Mobile Trading Apps |
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Research |
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Education |
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Ease of Use |
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Winner | check_circle | ||
Review | E*TRADE Review | Ally Invest Review |