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Ally Invest vs SpeedTrader 2019

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 Ally Invest better than SpeedTrader? After scoring brokers on over 4,000 data points for our 2019 review, Ally Invest (62.44%) is better than SpeedTrader (51.25%). Backed by Ally Financial, Ally Invest is a low-cost broker providing $4.95 stock trades. Ally’s complete universal-account management experience makes the brokerage ideal for current Ally Bank customers; however, convenience aside, Ally Invest struggles to stand out against industry leaders.

Special Offer up to $3,500 cash bonus + 90 Days Commission-Free Trades Open Account
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Overall Rating

Feature Ally Invest SpeedTrader
Overall 3 2.5
Ally Invest Review SpeedTrader Review

Trading Fees

Feature Ally Invest SpeedTrader
Minimum Deposit $0.00 $30,000.00
Stock Trade Fee (per trade) $4.95 $4.49
ETF Trade Fee $4.95 $4.49
Options Base Fee $4.95 N/A
Options Per Contract Fee $0.65 $0.00
Mutual Fund Trade Fee $9.95 $50.00
Broker Assisted Trades Fee $20.00 $30.00
Commissions & Fees 3.5 4
Winner check_circle

Margin Rates

Feature Ally Invest
Open Account
SpeedTrader
Under $24,999.99 9.75% 6.00%
$25,000.00 to $49,999.99 9.50% 6.00%
$50,000.00 to $99,999.99 8.75% 6.00%
$100,000.00 to $249,999.99 7.50% 6.00%
$250,000.00 to $499,999.99 6.50% 6.00%
$500,000.00 to $999,999.99 6.00% 6.00%
Above $1,000,000.00 5.25% 6.00%
Commissions & Fees 3.5 4
Winner check_circle

Account Fees

Feature Ally Invest SpeedTrader
IRA Annual Fee $0.00 N/A
IRA Closure Fee $50.00 N/A
Returned ACH Fee $30.00 $40.00
Returned Wire Fee $30.00 $40.00
Stock Certificate Processing Fee $300.00 N/A
Stock Certificate Delivery Fee $300.00 N/A
Paper Statement Fee $2.00 $10.00
Paper Confirmation Fee $1.00 $4.00
Domestic Wire Fee $30.00 $25.00
International Wire Fee N/A $75.00
Commissions & Fees 3.5 4

Investment Options

Feature Ally Invest SpeedTrader
Stock Trading
Yes Yes
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
No No
Forex Trading
Yes No
Commission-Free ETFs 116 0
Mutual Funds (No Load)
7200 0
Mutual Funds (Total)
14000 0
Bonds (US Treasury)
Yes No
Bonds (Corporate)
Yes No
Bonds (Municipal)
Yes No
Advisor Services
Yes No
International Trading
No No
Offering of Investments 4 2.5
Winner check_circle

Order Types

Feature Ally Invest SpeedTrader
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 No
Order Type - MultiContingent
No No
Order Type - OCO
Yes Yes
Order Type - OTO
Yes No
Order Type - OTOCO
No No
Offering of Investments 4 2.5
Winner check_circle

Trading Platforms

Feature Ally Invest SpeedTrader
Desktop Platform (Windows)
No Yes
Desktop Platform (Mac)
No No
Web Platform
Yes Yes
Paper Trading
No Yes
Trade Journal
No No
Watch Lists - Total Fields
21 30
Two-Factor Authentication Login
Yes No
Heat Mapping
No No
Platforms & Tools 2.5 3
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Charting Features

Feature Ally Invest SpeedTrader
Charting - Trade Off Chart
No Yes
Charting - Indicators / Studies
117 36
Charting - Drawing Tools
36 9
Charting - Historical Trades
No No
Charting - Corporate Events
Yes No
Charting - Automated Analysis
Yes No
Charting - Save Profiles
Yes Yes
Charting - Study Customizations
5 8
Charting - Custom Studies
No No
Platforms & Tools 2.5 3
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Day Trading

Feature Ally Invest SpeedTrader
Stock Alerts - Basic Fields
Yes Yes
Stock Alerts - Advanced Fields
No Yes
Streaming Time & Sales
No Yes
Streaming TV
No No
Direct Market Routing - Stocks
No Yes
Direct Market Routing - Options
No Yes
Ladder Trading
No Yes
Trade Hot Keys
No Yes
Level 2 Quotes - Stocks
No Yes
Level 2 Quotes - Options
No Yes
Trade Ideas - Backtesting
No No
Short Locator
No Yes
Client Liquidity Rebates
No No
Winner check_circle

Mobile Trading Apps

Feature Ally Invest SpeedTrader
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
No No
Trading - Stocks
Yes Yes
Trading - After-Hours
No Yes
Trading - Conditional Orders
No No
Trading - Mutual Funds
No No
Trading - Simple Options
Yes Yes
Trading - Complex Options
Yes No
Trading - Option Rolling
No No
Touch / Face ID
Yes No
Winner check_circle

Mobile App Features

Feature Ally Invest SpeedTrader
Watch List Syncing
Yes No
Stock Alerts - Basic Fields
No No
Charting - After Hours
No Yes
Charting - Drawing
No No
Charting - Study Customizations
No No
Customizable Homescreen
No No
Heatmapping
No No
Stream Live TV
No No
Barcode Lookup
No No
Mobile Trading 3 2.5
Winner check_circle

Research Overview

Feature Ally Invest SpeedTrader
Research - Stocks
Yes Yes
Research - ETFs
Yes No
Research - Mutual Funds
Yes No
Research - Pink Sheets / OTCBB
Yes No
Research - Fixed Income
No No
Screener - Stocks
No No
Screener - ETFs
No No
Screener - Mutual Funds
No No
Screener - Options
No No
Screener - Bonds
No No
Misc - Portfolio Builder
Yes No
Misc - Portfolio Allocation
No No
Research 2 1
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Stock Research

Feature Ally Invest SpeedTrader
Stock Research - Reports
2 0
Stock Research - Earnings
No No
Stock Research - Insiders
No No
Stock Research - Metric Comp
No No
Stock Research - SEC Filings
No No
Stock Research - Social
No No
Stock Research - Balance Sheet
No Yes
Stock Research - Cash Flows
No No
Stock Research - News
Yes Yes
Stock Research - ESG
No No
Research 2 1
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ETF Research

Feature Ally Invest SpeedTrader
ETFs - Strategy Overview
Yes No
ETFs - Top 10 Holdings
No No
ETFs - Sector Exposure
No No
ETFs - Risk Analysis
Yes No
ETFs - Performance Analysis
Yes No
ETFs - Ratings
Yes No
ETFs - Morningstar StyleMap
No No
ETFs - Reports
Yes No
Research 2 1
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Mutual Fund Research

Feature Ally Invest SpeedTrader
Mutual Funds - Strategy Overview
Yes No
Mutual Funds - Prospectus
No No
Mutual Funds - Reports
No No
Mutual Funds - Fees Breakdown
Yes No
Mutual Funds - Top 10 Holdings
No No
Mutual Funds - Asset Allocation
No No
Mutual Funds - Sector Allocation
Yes No
Mutual Funds - Country Allocation
No No
Mutual Funds - StyleMap
No No
Mutual Funds - 3rd Party Ratings
Yes No
Research 2 1
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Options Trading

Feature Ally Invest SpeedTrader
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
8 17
Option Chains - Greeks
1 0
Option Chains - Quick Analysis
Yes No
Option Analysis - P&L Charts
Yes No
Option Probability Analysis
Yes No
Option Probability Analysis Adv
Yes No
Option Positions - Greeks
Yes No
Option Positions - Adv Analysis
Yes No
Option Positions - Rolling
No No
Option Positions - Grouping
Yes No
Platforms & Tools 2.5 3
Winner check_circle

Beginners

Feature Ally Invest SpeedTrader
Has Education - Stocks
Yes Yes
Has Education - ETFs
No No
Has Education - Options
Yes No
Has Education - Mutual Funds
Yes No
Has Education - Fixed Income
Yes No
Has Education - Retirement
Yes No
Paper Trading
No Yes
Videos
No No
Webinars (Monthly Avg)
17 1
Webinars (Archived)
No Yes
Live Seminars
Yes No
Progress Tracking
No No
Interactive Learning - Quizzes
No No
Investor Magazine
No No
Education 3.5 1
Winner check_circle

Banking

Feature Ally Invest SpeedTrader
Retail Locations
0 0
Member FDIC
Yes No
Checking Accounts
Yes No
Savings Accounts
Yes No
Credit Cards
Yes No
Debit Cards
Yes No
Mortgage Loans
Yes No
No Fee Banking
Yes No
Banking 4 0.5
Winner check_circle

Overall

Feature Ally Invest SpeedTrader
Ally Invest Review SpeedTrader Review
Overall 3 2.5
Winner check_circle
Comparing brokers side by side is no easy task. For our annual broker review, we assess over a dozen brokers on hundreds of different variables to find the best online broker. Yielding a database of over 4,000 data points, let's compare Ally Invest vs SpeedTrader.

To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. Ally Invest charges more than SpeedTrader for placing regular stock trades ($4.95 and $4.49, respectively). For options trading, SpeedTrader has a base fee of $N/A, and Ally Invest a base fee of $4.95. SpeedTrader's per contract rate of $0 is less than Ally Invest which charges $0.65. It's important to note that not all brokers charge a flat fee per trade. Thus, it is important to read the full commission notes for each broker, which we include with each online broker review.

Next to commission rates, being able to trade what you want is important. SpeedTrader offers clients Stock Trading and Options Trading while Ally Invest offers Stock Trading, Options Trading, Mutual Funds and Forex Trading. Looking at mutual funds, Ally Invest boasts an offering of 14000 mutual funds compared to SpeedTrader's 0 available funds.

Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. SpeedTrader offers virtual trading while Ally Invest does not. Taking a look at mobile trading, SpeedTrader supports the iPhone App and Android App while Ally Invest supports the iPhone App, iPad App and Android App. Not to be left out, online banking is also a nice benefit for many investors, and some brokerages provide these services to clients. Clients can have Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans at Ally Invest while customers at SpeedTrader can have none of these.

Overall, between Ally Invest and SpeedTrader, Ally Invest is the winner.

Ally Invest Review
SpeedTrader 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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