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Ally Invest vs tastytrade 2023

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Written by StockBrokers.com

April 11, 2023

Is Ally Invest better than tastytrade? After testing 17 of the best online brokers over three months, Ally Invest (84.59%) is better than tastytrade (81.30%). For current Ally customers looking to invest in stocks, Ally's universal-accounts experience and easy-to-use website offer a convenient solution. Its website is far stronger than the mobile app.

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  • 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_boxMerrill Edge
  • check_box_outline_blankcheck_boxRobinhood
  • check_box_outline_blankcheck_boxSofi Invest
  • check_box_outline_blankcheck_boxtastytrade
  • 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

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Overall RatingAlly Investtastytrade
Overall 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4.5/5 Stars 4/5 Stars
Platforms & Tools 3.5/5 Stars 4.5/5 Stars
Mobile Trading Apps 4/5 Stars 4/5 Stars
Research 4/5 Stars 2/5 Stars
Customer Service 4/5 Stars 4.0/5 Stars
Education 4/5 Stars 4.5/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review Ally Invest Review tastytrade Review
Trading FeesAlly Investtastytrade
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
Penny Stock Fees (OTC) $4.95 info N/A
Mutual Fund Trade Fee $0.00 N/A
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.50 $0.50 info
Futures (Per Contract) N/A $1.25
Broker Assisted Trade Fee $20 $0
Margin RatesAlly Investtastytrade
Margin Rate Under $25,000 12.50% 11.00%
Margin Rate $25,000 to $49,999.99 12.25% 10.50%
Margin Rate $50,000 to $99,999.99 11.50% 10.00%
Margin Rate $100,000 to $249,999.99 10.25% 9.50%
Margin Rate $250,000 to $499,999.99 9.25% 9.00%
Margin Rate $500,000 to $999,999.99 8.75% 8.50%
Margin Rate Above $1,000,000 8.00% 8.00%
Account FeesAlly Investtastytrade
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $25.00 $60.00
Account Transfer Out (Partial) $50.00 $75.00
Account Transfer Out (Full) $50.00 $75.00
Options Exercise Fee $0.00 $5.00
Options Assignment Fee $0.00 $5.00
Investment OptionsAlly Investtastytrade
Stock Trading Yes Yes
Margin Trading Yes Yes
Fractional Shares No Yes
OTC Stocks Yes No
Options Trading Yes Yes
Complex Options Max Legs 4 4
Futures Trading No Yes
Forex Trading Yes No
Crypto Trading No Yes
Crypto Trading - Total Coins 0 25
Mutual Funds (No Load) 13000 0
Mutual Funds (Total) 14000 0
Bonds (US Treasury) Yes No
Bonds (Corporate) Yes No
Bonds (Municipal) Yes No
Advisor Services Yes No
International Countries (Stocks) 0 0
Order TypesAlly Investtastytrade
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 No No
Order Type - OCO No Yes
Order Type - OTO No Yes
Order Type - Broker Assisted Yes Yes
BeginnersAlly Investtastytrade
Education (Stocks) Yes Yes
Education (ETFs) Yes Yes
Education (Options) Yes Yes
Education (Mutual Funds) Yes No
Education (Bonds) Yes No
Education (Retirement) Yes No
Retirement Calculator No No
Investor Dictionary Yes Yes
Paper Trading No No
Videos No No
Webinars No Yes
Webinars (Archived) Yes Yes
Progress Tracking No No
Interactive Learning - Quizzes No No
Stock Trading AppsAlly Investtastytrade
iPhone App Yes Yes
Android App Yes Yes
Apple Watch App No 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 No Yes
SB Gallery - Mobile Apps
Stock App FeaturesAlly Investtastytrade
Market Movers (Top Gainers) Yes Yes
Stream Live TV No No
Videos on Demand No No
Stock Alerts No No
Option Chains Viewable Yes Yes
Watch List (Real-time) Yes Yes
Watch List (Streaming) No Yes
Watch Lists - Create & Manage Yes Yes
Watch Lists - Column Customization No Yes
Watch Lists - Total Fields 21 33
Stock App ChartingAlly Investtastytrade
Charting - After-Hours No Yes
Charting - Can Turn Horizontally Yes Yes
Charting - Multiple Time Frames Yes No
Charting - Technical Studies 17 0
Charting - Study Customizations No No
Charting - Stock Comparisons Yes No
Trading PlatformsAlly Investtastytrade
Active Trading Platform N/A tastytrade
Desktop Trading Platform No Yes
Desktop Platform (Mac) No Yes
Web Trading Platform Yes Yes
Paper Trading No No
Trade Journal No No
Watch Lists - Total Fields 21 33
Stock Chart FeaturesAlly Investtastytrade
Charting - Adjust Trades on Chart No Yes
Charting - Indicators / Studies 117 308
Charting - Drawing Tools 36 19
Charting - Notes Yes Yes
Charting - Index Overlays Yes No
Charting - Historical Trades No Yes
Charting - Corporate Events No No
Charting - Custom Date Range No No
Charting - Custom Time Bars No No
Charting - Automated Analysis Yes No
Charting - Save Profiles Yes Yes
Trade Ideas - Technical Analysis Yes No
Charting - Study Customizations 5 7
Charting - Custom Studies No No
Day TradingAlly Investtastytrade
Streaming Time & Sales No No
Streaming TV No Yes
Direct Market Routing - Stocks No No
Ladder Trading No No
Trade Hot Keys No No
Level 2 Quotes - Stocks No No
Trade Ideas - Backtesting No No
Trade Ideas - Backtesting Adv No No
Short Locator No Yes
Order Liquidity Rebates No No
Research OverviewAlly Investtastytrade
Research - Stocks Yes Yes
Research - ETFs Yes Yes
Research - Mutual Funds Yes No
Research - Pink Sheets / OTCBB Yes No
Research - Bonds No No
Screener - Stocks No No
Screener - ETFs Yes No
Screener - Mutual Funds No No
Screener - Bonds Yes No
Misc - Portfolio Allocation No No
Stock ResearchAlly Investtastytrade
Stock Research - PDF Reports 2 0
Stock Research - Earnings Yes No
Stock Research - Insiders Yes No
Stock Research - Social Yes No
Stock Research - News Yes No
Stock Research - ESG No No
Stock Research - SEC Filings Yes No
ETF ResearchAlly Investtastytrade
ETFs - Strategy Overview Yes No
ETF Fund Facts - Inception Date Yes No
ETF Fund Facts - Expense Ratio Yes No
ETF Fund Facts - Net Assets Yes No
ETF Fund Facts - Total Holdings Yes No
ETFs - Top 10 Holdings Yes No
ETFs - Sector Exposure No No
ETFs - Risk Analysis Yes Yes
ETFs - Ratings Yes No
ETFs - Morningstar StyleMap No No
ETFs - PDF Reports Yes No
Mutual Fund ResearchAlly Investtastytrade
Mutual Funds - Strategy Overview Yes No
Mutual Funds - Performance Chart Yes No
Mutual Funds - Performance Analysis Yes No
Mutual Funds - Prospectus No No
Mutual Funds - 3rd Party Ratings Yes No
Mutual Funds - Fees Breakdown Yes No
Mutual Funds - Top 10 Holdings Yes No
Mutual Funds - Asset Allocation No No
Mutual Funds - Sector Allocation Yes No
Mutual Funds - Country Allocation No No
Mutual Funds - StyleMap No No
Options TradingAlly Investtastytrade
Option Chains - Basic View Yes Yes
Option Chains - Strategy View Yes No
Option Chains - Streaming Yes Yes
Option Chains - Total Columns 8 7
Option Chains - Greeks 1 5
Option Chains - Quick Analysis Yes Yes
Option Analysis - P&L Charts Yes Yes
Option Probability Analysis Yes Yes
Option Probability Analysis Adv No Yes
Option Positions - Greeks Yes Yes
Option Positions - Greeks Streaming No Yes
Option Positions - Adv Analysis Yes Yes
Option Positions - Rolling Yes Yes
Option Positions - Grouping Yes Yes
BankingAlly Investtastytrade
Bank (Member FDIC) Yes No
Checking Accounts Yes No
Savings Accounts Yes No
Credit Cards No No
Debit Cards Yes No
Mortgage Loans Yes No
Customer ServiceAlly Investtastytrade
Phone Support (Prospect Customers) Yes Yes
Phone Support (Current Customers) Yes Yes
Email Support Yes Yes
Live Chat (Prospect Customers) Yes Yes
Live Chat (Current Customers) Yes Yes
24/7 Support Yes No
OverallAlly Investtastytrade
Overall 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4.5/5 Stars 4/5 Stars
Platforms & Tools 3.5/5 Stars 4.5/5 Stars
Mobile Trading Apps 4/5 Stars 4/5 Stars
Research 4/5 Stars 2/5 Stars
Education 4/5 Stars 4.5/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review Ally Invest Review tastytrade Review
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Ally Invest vs tastytrade Comparison

Comparing brokers side by side is no easy task. For our 2023 annual broker review, we spent hundreds of hours assessing 17 brokerages to find the best online broker. Let's compare Ally Invest vs tastytrade.

Is Ally Invest or tastytrade better for beginners?

tastytrade offers more comprehensive new investor education for beginner investors than Ally Invest. Ally Invest offers investors access to Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement), while tastytrade offers investors access to Education (Stocks), Education (ETFs) and Education (Options). Neither have Paper Trading and Videos. See our guide to Best Paper Trading Platforms for more.

What about Ally Invest vs tastytrade pricing?

Ally Invest and tastytrade charge the same amount for regular stock trades, $0.00. Ally Invest and tastytrade both charge $0.50 per option contract. For a complete commissions summary, see our best brokers for free stock trading guide.

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

Ally Invest offers investors access to Stock Trading, Options Trading, OTC Stocks, Mutual Funds, Forex Trading and Advisor Services, while tastytrade offers investors access to Stock Trading, Fractional Shares, Options Trading and Futures Trading. Looking at Mutual Funds, tastytrade trails Ally Invest in its offering of no transaction fee (NTF) mutual funds, with Ally Invest offering 3900 and tastytrade offering 0.

Which trading platform is better: Ally Invest or tastytrade?

To compare the trading platforms of Ally Invest and tastytrade, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, tastytrade offers a better experience. With research, Ally Invest offers superior market research. Finally, we found tastytrade 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, Savings Accounts, Debit Cards and Mortgage Loans are offered by Ally Invest while tastytrade offers neither of these. Neither have Credit Cards.

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. Its website is far stronger than the mobile app.

Is tastytrade good?

Tastytrade isn’t for every investor, but its platform is ideal for frequent options and futures traders, offering efficient workflow, useful risk management tools, killer design, and online content that make you feel like you’re on a trading desk.

Ally Invest vs tastytrade Winner

Overall winner: Ally Invest

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tastytrade, Inc. (“tastytrade”) has entered into a Marketing Agreement with Marketing Agent (“Marketing Agent”) whereby tastytrade pays compensation to Marketing Agent to recommend tastytrade’s brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Marketing Agent by tastytrade and/or any of its affiliated companies. Neither tastytrade nor any of its affiliated companies is responsible for the privacy practices of Marketing Agent or this website. tastytrade does not warrant the accuracy or content of the products or services offered by Marketing Agent or this website. Marketing Agent is independent and is not an affiliate of tastytrade. tastytrade was previously known as tastyworks, Inc.

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