menuclose
StockBrokers.com is committed to the highest ethical standards and reviews services independently. Learn how we make money.

Interactive Brokers vs Ally Invest 2022

Is Interactive Brokers better than Ally Invest? After testing 15 of the best online brokers over six months, Interactive Brokers (89.29%) is better than Ally Invest (74.83%). In 2022, Interactive Brokers remains our top pick for professionals because of its institutional-grade desktop trading platform and rock-bottom margin rates. Professionals aside, Interactive Brokers also appeals to active traders and casual investors with $0 trades and a user-friendly web platform.

Select Brokersexpand_moreclose
close Interactive Brokers

New clients, special margin rates.

Visit Site

close Ally Invest
addAdd Broker
closeClose Menu
navigate_before navigate_next
Overall Rating expand_moreexpand_less Interactive Brokers Ally Invest
Overall starstarstarstarstar_border starstarstarstarstar_border
Commissions & Fees starstarstarstarstar_border starstarstarstarstar_border
Investment Options starstarstarstarstar starstarstarstarstar_border
Platforms & Tools starstarstarstarstar_border starstarstarstar_borderstar_border
Mobile Trading Apps starstarstarstarstar_border starstarstarstar_borderstar_border
Research starstarstarstarstar starstarstarstar_borderstar_border
Customer Service starstarstarstar_borderstar_border starstarstarstarstar_border
Education starstarstarstarstar_border starstarstarstar_borderstar_border
Ease Of Use starstarstarstarstar_border starstarstarstarstar_border
Winner check_circle
Review Interactive Brokers Review Ally Invest Review
Trading Fees expand_moreexpand_less Interactive Brokers Ally Invest
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
Mutual Fund Trade Fee $14.95 $9.95
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.65 $0.50
Futures (Per Contract) $0.85 N/A
Broker Assisted Trade Fee $30.00 $20.00
Margin Rates expand_moreexpand_less Interactive Brokers Ally Invest
Margin Rate Under $24,999.99 1.58% 7.75%
Margin Rate $25,000.00 to $49,999.99 1.58% 7.50%
Margin Rate $50,000.00 to $99,999.99 1.58% 6.75%
Margin Rate $100,000.00 to $249,999.99 1.08% 5.50%
Margin Rate $250,000.00 to $499,999.99 1.08% 4.50%
Margin Rate $500,000.00 to $999,999.99 1.08% 4.00%
Margin Rate Above $1,000,000.00 0.75% 3.25%
Account Fees expand_moreexpand_less Interactive Brokers Ally Invest
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) $0.00 $50.00
Options Exercise Fee 0.00 0.00
Options Assignment Fee 0.00 0.00
Investment Options expand_moreexpand_less Interactive Brokers Ally Invest
Stock Trading Yes Yes
Fractional Shares Yes No
OTCBB / Pink Sheets Yes Yes
Options Trading Yes Yes
Complex Options Max Legs 6 4
Futures Trading Yes No
Forex Trading No Yes
Crypto Trading Yes No
Crypto Trading - Total Coins 4 0
Mutual Funds (No Load) 10882 11806
Mutual Funds (Total) 11160 19024
Bonds (US Treasury) Yes Yes
Bonds (Corporate) Yes Yes
Bonds (Municipal) Yes Yes
Advisor Services No Yes
International Countries (Stocks) 33 0
Order Types expand_moreexpand_less Interactive Brokers 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 expand_moreexpand_less Interactive Brokers Ally Invest
Education (Stocks) Yes Yes
Education (ETFs) Yes Yes
Education (Options) Yes Yes
Education (Mutual Funds) No Yes
Education (Bonds) Yes Yes
Education (Retirement) Yes Yes
Retirement Calculator No No
Investor Dictionary Yes Yes
Paper Trading Yes No
Videos Yes No
Webinars (Archived) Yes Yes
Progress Tracking Yes No
Interactive Learning - Quizzes Yes No
Stock Trading Apps expand_moreexpand_less 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 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 expand_moreexpand_less Interactive Brokers Ally Invest
Market Movers (Top Gainers) Yes Yes
Stream Live TV Yes No
Videos on Demand Yes 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
Watch Lists - Total Fields 669 21
Stock App Charting expand_moreexpand_less Interactive Brokers Ally Invest
Charting - After-Hours Yes No
Charting - Can Turn Horizontally Yes Yes
Charting - Multiple Time Frames Yes Yes
Charting - Technical Studies 70 17
Charting - Study Customizations Yes No
Charting - Stock Comparisons No Yes
Trading Platforms expand_moreexpand_less Interactive Brokers Ally Invest
Desktop Trading Platform Yes No
Web Trading Platform Yes Yes
Paper Trading Yes No
Trade Journal Yes No
Watch Lists - Total Fields 669 21
Stock Chart Features expand_moreexpand_less Interactive Brokers Ally Invest
Charting - Adjust Trades on Chart Yes No
Charting - Indicators / Studies 121 117
Charting - Drawing Tools 9 36
Charting - Notes Yes Yes
Charting - Index Overlays Yes Yes
Charting - Historical Trades Yes No
Charting - Corporate Events Yes Yes
Charting - Custom Date Range No No
Charting - Custom Time Bars Yes No
Charting - Automated Analysis Yes Yes
Charting - Save Profiles Yes Yes
Trade Ideas - Technical Analysis Yes Yes
Charting - Study Customizations 6 5
Charting - Custom Studies No No
Day Trading expand_moreexpand_less Interactive Brokers Ally Invest
Streaming Time & Sales Yes No
Streaming TV Yes No
Direct Market Routing - Stocks Yes No
Ladder Trading Yes No
Trade Hot Keys Yes No
Level 2 Quotes - Stocks Yes No
Trade Ideas - Backtesting Yes Yes
Trade Ideas - Backtesting Adv Yes No
Short Locator Yes No
Order Liquidity Rebates Yes No
Research Overview expand_moreexpand_less Interactive Brokers Ally Invest
Research - Stocks Yes Yes
Research - ETFs Yes Yes
Research - Mutual Funds Yes Yes
Research - Pink Sheets / OTCBB Yes Yes
Research - Bonds Yes No
Screener - Stocks Yes No
Screener - ETFs Yes Yes
Screener - Mutual Funds Yes No
Screener - Bonds Yes Yes
Misc - Portfolio Allocation Yes No
Stock Research expand_moreexpand_less Interactive Brokers Ally Invest
Stock Research - PDF Reports 5 2
Stock Research - Earnings Yes Yes
Stock Research - Insiders Yes Yes
Stock Research - Social Yes No
Stock Research - News Yes Yes
Stock Research - ESG Yes No
Stock Research - SEC Filings Yes Yes
ETF Research expand_moreexpand_less Interactive Brokers Ally Invest
ETFs - Strategy Overview Yes Yes
ETF Fund Facts - Inception Date Yes Yes
ETF Fund Facts - Expense Ratio Yes Yes
ETF Fund Facts - Net Assets Yes Yes
ETF Fund Facts - Total Holdings Yes Yes
ETFs - Top 10 Holdings Yes Yes
ETFs - Sector Exposure Yes No
ETFs - Risk Analysis Yes Yes
ETFs - Ratings Yes Yes
ETFs - Morningstar StyleMap Yes No
ETFs - PDF Reports Yes Yes
Mutual Fund Research expand_moreexpand_less Interactive Brokers Ally Invest
Mutual Funds - Strategy Overview Yes Yes
Mutual Funds - Performance Chart No Yes
Mutual Funds - Performance Analysis Yes Yes
Mutual Funds - Prospectus Yes No
Mutual Funds - 3rd Party Ratings Yes Yes
Mutual Funds - Fees Breakdown Yes Yes
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 expand_moreexpand_less Interactive Brokers Ally Invest
Option Chains - Basic View Yes Yes
Option Chains - Strategy View Yes Yes
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 - Greeks Streaming Yes No
Option Positions - Adv Analysis Yes Yes
Option Positions - Rolling Yes Yes
Option Positions - Grouping Yes Yes
Banking expand_moreexpand_less Interactive Brokers Ally Invest
Bank (Member FDIC) Yes Yes
Checking Accounts Yes Yes
Savings Accounts No Yes
Credit Cards No No
Debit Cards Yes Yes
Mortgage Loans No Yes
Customer Service expand_moreexpand_less Interactive Brokers Ally Invest
Phone Support (Prospect Customers) Yes Yes
Phone Support (Current Customers) Yes Yes
Email Support Yes Yes
Live Chat (Prospect Customers) No Yes
Live Chat (Current Customers) Yes Yes
24/7 Support No No
Overall expand_moreexpand_less Interactive Brokers Ally Invest
Overall starstarstarstarstar_border starstarstarstarstar_border
Commissions & Fees starstarstarstarstar_border starstarstarstarstar_border
Investment Options starstarstarstarstar starstarstarstarstar_border
Platforms & Tools starstarstarstarstar_border starstarstarstar_borderstar_border
Mobile Trading Apps starstarstarstarstar_border starstarstarstar_borderstar_border
Research starstarstarstarstar starstarstarstar_borderstar_border
Education starstarstarstarstar_border starstarstarstar_borderstar_border
Ease Of Use starstarstarstarstar_border starstarstarstarstar_border
  • check_box_outline_blankcheck_boxAlly Invest
  • check_box_outline_blankcheck_boxCharles Schwab
  • check_box_outline_blankcheck_boxE*TRADE
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxFidelity
  • check_box_outline_blankcheck_boxFirstrade
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxJ.P. Morgan Self-Directed Investing
  • check_box_outline_blankcheck_boxLightspeed
  • check_box_outline_blankcheck_boxMerrill Edge
  • check_box_outline_blankcheck_boxRobinhood
  • check_box_outline_blankcheck_boxSofi Invest
  • check_box_outline_blankcheck_boxSpeedTrader
  • check_box_outline_blankcheck_boxTD Ameritrade
  • check_box_outline_blankcheck_boxTradeStation
  • check_box_outline_blankcheck_boxTradier
  • check_box_outline_blankcheck_boxVanguard
  • check_box_outline_blankcheck_boxWebull
Compare 0 of 5
arrow_upward

Interactive Brokers vs Ally Invest Comparison

Comparing brokers side by side is no easy task. For our 2022 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Let's compare Interactive Brokers vs Ally Invest.

Is Interactive Brokers or Ally Invest better for beginners?

Interactive Brokers offers more comprehensive new investor education for beginner investors than Ally Invest. Interactive Brokers offers investors access to Paper Trading, Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Bonds) and Education (Retirement), while Ally Invest offers investors access to Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement).

What about Interactive Brokers vs Ally Invest pricing?

Interactive Brokers and Ally Invest charge the same amount for regular stock trades, $0.00. Option contracts are pricier at Interactive Brokers, costing $0.65 per contract versus $0.50 per contract at Ally Invest. For a complete commissions summary, see our best brokers for free stock trading guide.

Does Interactive Brokers or Ally Invest offer a wider range of investment options?

Interactive Brokers offers investors access to Stock Trading, Fractional Shares, Options Trading, OTCBB / Pink Sheets, Mutual Funds and Futures Trading, while Ally Invest offers investors access to Stock Trading, Options Trading, OTCBB / Pink Sheets, Mutual Funds, Forex Trading and Advisor Services. Looking at Mutual Funds, Ally Invest trails Interactive Brokers in its offering of no transaction fee (NTF) mutual funds, with Interactive Brokers offering 4329 and Ally Invest offering 0.

Which trading platform is better: Interactive Brokers or Ally Invest?

To compare the trading platforms of Interactive Brokers and Ally Invest, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Interactive Brokers offers a better experience. With research, Interactive Brokers offers superior market research. Finally, we found Interactive Brokers to provide better mobile trading apps.

Does either broker offer banking?

Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Checking Accounts and Debit Cards are offered by Interactive Brokers while Ally Invest offers Checking Accounts, Savings Accounts, Debit Cards and Mortgage Loans, neither have Credit Cards.

Is Interactive Brokers good?

In 2022, Interactive Brokers remains our top pick for professionals because of its institutional-grade desktop trading platform and rock-bottom margin rates. Professionals aside, Interactive Brokers also appeals to active traders and casual investors with $0 trades and a user-friendly web platform.

Is Ally Invest good?

For current Ally customers looking to invest in stocks, Ally's universal-accounts experience and easy-to-use website offer a convenient solution.

Interactive Brokers vs Ally Invest Winner

Overall winner: Interactive Brokers

Read Next

Explore our other online trading guides:




close
navigate_before navigate_next