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Interactive Brokers vs Ally Invest 2019

Is Ally Invest better than Interactive Brokers? Based on over 4,000 data points from our 2019 annual broker review, Interactive Brokers (80.99%) is better than Ally Invest (62.44%).

Interactive Brokers

Best For Professionals - Open Account
Exclusive Offer: New clients that open an account today receive a special margin rate

While Interactive Brokers does offer a $0 trading account type (IBKR Lite), the broker is best known for its professional traders accounts (IBKR Pro), where Interactive Brokers offers per-share pricing ($.005 per share with a $1 minimum per trade), and charges up to $20 per month between two minimum activity fees. Traders who can meet its $100,000 minimum deposit for margin trading are rewarded with an industry-leading commissions schedule, margin rates, and full support for international trading.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 Interactive Brokers Ally Invest
Overall 4 3
Interactive Brokers Review Ally Invest Review

Trading Fees

Feature Interactive Brokers Ally Invest
Minimum Deposit $0.00 $0.00
Stock Trade Fee (per trade) N/A $0.00
ETF Trade Fee $0.01 $0.00
Options Base Fee $0.00 $0.00
Options Per Contract Fee $0.70 $0.50
Mutual Fund Trade Fee $14.95 $9.95
Broker Assisted Trades Fee $30.00 $20.00
Commissions & Fees 4.5 3.5
Winner check_circle

Margin Rates

Feature Interactive Brokers
Open Account
Ally Invest
Under $24,999.99 3.08% 9.50%
$25,000.00 to $49,999.99 3.08% 9.25%
$50,000.00 to $99,999.99 3.08% 8.50%
$100,000.00 to $249,999.99 2.58% 7.25%
$250,000.00 to $499,999.99 3.18% 6.25%
$500,000.00 to $999,999.99 2.75% 5.75%
Above $1,000,000.00 2.08% 5.00%
Commissions & Fees 4.5 3.5
Winner check_circle

Account Fees

Feature Interactive Brokers Ally Invest
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $50.00
Returned ACH Fee N/A $30.00
Returned Wire Fee N/A $30.00
Stock Certificate Processing Fee N/A $300.00
Stock Certificate Delivery Fee N/A $300.00
Paper Statement Fee N/A $2.00
Paper Confirmation Fee N/A $1.00
Domestic Wire Fee $10.00 $30.00
International Wire Fee $10.00 N/A
Commissions & Fees 4.5 3.5

Investment Options

Feature Interactive Brokers Ally Invest
Stock Trading
Yes Yes
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
8 4
Futures Trading
Yes No
Forex Trading
No Yes
Commission-Free ETFs 96 all
Mutual Funds (No Load)
8534 11234
Mutual Funds (Total)
1243 18728
Bonds (US Treasury)
Yes Yes
Bonds (Corporate)
Yes Yes
Bonds (Municipal)
Yes Yes
Advisor Services
No Yes
International Trading
Yes No
Offering of Investments 5 4
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Order Types

Feature Interactive Brokers 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 5 4
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Trading Platforms

Feature Interactive Brokers Ally Invest
Desktop Platform (Windows)
Yes No
Desktop Platform (Mac)
Yes No
Web Platform
Yes Yes
Paper Trading
Yes No
Trade Journal
Yes No
Watch Lists - Total Fields
494 21
Heat Mapping
Yes No
Platforms & Tools 4.5 2.5
Winner check_circle

Charting Features

Feature Interactive Brokers Ally Invest
Charting - Trade Off Chart
Yes No
Charting - Indicators / Studies
121 117
Charting - Drawing Tools
9 36
Charting - Historical Trades
Yes No
Charting - Corporate Events
Yes Yes
Charting - Automated Analysis
No Yes
Charting - Save Profiles
Yes Yes
Charting - Study Customizations
6 5
Charting - Custom Studies
No No
Platforms & Tools 4.5 2.5
Winner check_circle

Day Trading

Feature Interactive Brokers Ally Invest
Stock Alerts - Basic Fields
Yes Yes
Stock Alerts - Advanced Fields
No No
Streaming Time & Sales
Yes No
Streaming TV
Yes No
Direct Market Routing - Stocks
Yes No
Direct Market Routing - Options
Yes No
Ladder Trading
Yes 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
Yes No
Order Liquidity Rebates
Yes No
Winner check_circle

Mobile Trading Apps

Feature Interactive Brokers 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
Yes 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 Interactive Brokers Ally Invest
Watch List Syncing
Yes Yes
Stock Alerts
Yes No
Charting - After Hours
Yes No
Charting - Drawing
No No
Charting - Study Customizations
Yes No
Heatmapping
No No
Stream Live TV
Yes No
Barcode Lookup
No No
Mobile Trading 4.5 3
Winner check_circle

Research Overview

Feature Interactive Brokers 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
No No
Screener - Options
Yes No
Screener - Bonds
Yes Yes
Misc - Portfolio Builder
Yes Yes
Misc - Portfolio Allocation
Yes No
Research 3.5 2
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Stock Research

Feature Interactive Brokers Ally Invest
Stock Research - Reports
2 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
Yes No
Research 3.5 2
Winner check_circle

ETF Research

Feature Interactive Brokers 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
No No
ETFs - Reports
Yes Yes
Research 3.5 2
Winner check_circle

Mutual Fund Research

Feature Interactive Brokers 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
No 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 3.5 2
Winner check_circle

Options Trading

Feature Interactive Brokers Ally Invest
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
37 8
Option Chains - Greeks
4 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 Interactive Brokers Ally Invest
Has Education - Stocks
Yes Yes
Has Education - ETFs
Yes No
Has Education - Options
Yes Yes
Has Education - Mutual Funds
No Yes
Has Education - Fixed Income
Yes Yes
Has Education - Retirement
No Yes
Paper Trading
Yes No
Videos
Yes No
Webinars (Monthly Avg)
20 15
Webinars (Archived)
Yes No
Live Seminars
No No
Progress Tracking
Yes No
Interactive Learning - Quizzes
Yes No
Investor Magazine
Yes No
Education 3 3.5
Winner check_circle

Banking

Feature Interactive Brokers Ally Invest
Retail Locations
0 0
Member FDIC
Yes Yes
Checking Accounts
Yes Yes
Savings Accounts
No Yes
Credit Cards
No Yes
Debit Cards
Yes Yes
Mortgage Loans
No Yes
No Fee Banking
Yes Yes
Banking 2 4
Winner check_circle

Overall

Feature Interactive Brokers Ally Invest
Interactive Brokers 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 Interactive Brokers. Is Ally Invest or Interactive Brokers 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 Interactive Brokers both cost $0 per trade. For options trading, both Ally Invest and Interactive Brokers charge the same base fee of $0. Option contracts are pricier at Interactive Brokers, costing $0.70 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. Interactive Brokers offers clients Stock Trading, Options Trading, Mutual Funds and Futures Trading while Ally Invest offers Stock Trading, Options Trading, Mutual Funds and Forex Trading. When it comes to mutual funds, Ally Invest boasts an offering of 14000 mutual funds compared to Interactive Brokers's 11000 available funds.

Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. Interactive Brokers has virtual trading, Ally Invest doesn't. For mobile trading, Ally Invest and Interactive Brokers both have a iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Clients can have Checking Accounts and Debit Cards at Interactive Brokers while customers at Ally Invest can have Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans.

Overall, between Ally Invest and Interactive Brokers, Interactive Brokers is the winner.

Ally Invest Review
Interactive Brokers 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.

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