Fidelity Investments vs Ally Invest Review
The StockBrokers.com annual review (9 years running) takes six months to complete and produces over 30,000 words of research each year. Here's how we test.
Is Fidelity Investments better than Ally Invest? After scoring brokers in nine separate categories for our 2019 review, Fidelity Investments (86.62%) is better than Ally Invest (62.44%). From industry-leading research to excellent trading tools, mobile apps, and retirement services, Fidelity defines “value” and provides investors with everything they need to succeed, and more.
First, we will break down the commission charges of both brokers for placing stock and options trades. Ally Invest and Fidelity Investments both cost $4.95 per trade. For options trading, both Ally Invest and Fidelity Investments charge the same base fee of $4.95. Option contracts at both of the brokerages are the same at $0.65 each. 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. Fidelity Investments offers clients Stock Trading, Options Trading and Mutual Funds while Ally Invest offers Stock Trading, Options Trading, Mutual Funds and Forex Trading. As far as mutual funds go, Ally Invest boasts an offering of 14000 mutual funds compared to Fidelity Investments's 11782 available funds.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Neither broker offers virtual trading. For mobile trading, Ally Invest and Fidelity Investments both have a iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Clients can have Checking Accounts, Savings Accounts, Debit Cards and Credit Cards at Fidelity Investments while customers at Ally Invest can have Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans.
Overall, between Ally Invest and Fidelity Investments, Fidelity Investments is the winner.
Ally Invest Review
Fidelity Investments 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.