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 Fidelity. Is Ally Invest or Fidelity 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 Fidelity charge the same amount for regular stock trades, $0. Looking at options, the base fees charged are the same for both brokers, $0. Each option contract then costs $0.65 at Fidelity and $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. Fidelity 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. When it comes to mutual funds, Fidelity trails Ally Invest by 2,218 total mutual funds, with Ally Invest offering 14000 and Fidelity offering 11782.
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 Fidelity offer virtual trading. For mobile trading, Ally Invest along with Fidelity 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 and Credit Cards are available to clients of Fidelity while Ally Invest offers customers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans.
Overall, between Ally Invest and Fidelity, Fidelity is the winner.
Ally Invest Review