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Ally Invest vs TradeStation Securities Review

Brandon Reinkensmeyer

Published by Brandon Reinkensmeyer


Monday, July 17th, 2017

Using data from the StockBrokers.com 2017 Broker Rankings, we can compare Ally Invest vs TradeStation Securities to determine which broker is better for you. Our database includes thousands of data points on everything from research to trading tools. Let's take a closer look at Ally Invest and TradeStation Securities.

First we will break down the commission charges of both brokers for placing stock and options trades. TradeStation Securities charges $5.00 per stock trade which is $0.05 more than Ally Invest which charges clients $4.95 per trade. For options trading, TradeStation Securities has a base fee of $5.00, and Ally Invest a base fee of $4.95. Each contract then costs $0.65 at Ally Invest and $0.50 at TradeStation Securities for a difference in price of $0.15 per contract. Note that flat rate trading is not available everywhere though, so it is important to read the complete commission notes for each broker to know the full breakdown (go to any stock broker review page, then scroll down to the "Commission Notes" section).

Trading fees aside, having access to trade what you want is also an important consideration. TradeStation Securities offers clients Stock Trading, Options Trading, Mutual Funds and Futures Trading while Ally Invest offers Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading. As far as mutual funds go, Ally Invest offers its clients access to 10138 different mutual funds while TradeStation Securities has 4854 available funds, a difference of 5,284.00. And, commission free ETFs deserve a mention, which for investors means access to 0 funds at both brokers.

Finally, by looking at the most popular features and offerings of each broker, we can really see the differences between the two. Ally Invest and TradeStation Securities both have virtual trading. For mobile trading, Ally Invest supports the iPhone App and Android App while TradeStation Securities supports the iPhone App, iPad App and Android App. Online banking is also used by many clients, and multiple brokerages provide these services. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are available to clients of Ally Invest while TradeStation Securities offers clients none of these. All things considered, when it comes to platform tools, research, and trading via smartphone, TradeStation Securities posted awards for Best in Class - Platforms & Tools in 2014, while Ally Invest found itself with none of these.

Overall, Ally Invest comes out on top with 4.00 stars over TradeStation Securities's 3.50 stars.
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Overall
Commissions & Fees
Offering of Investments
Platforms & Tools
Research
Customer Service
Mobile Trading
Ease of Use
Education
Order Execution
Banking
Stock Trade Fee (flat)
Options Base Fee
Options Per Contract Fee
Mutual Fund Trade Fee
Broker Assisted Trades Fee
Minimum Deposit
No Inactivity Fees
No Fee IRAs
Stock Trading
Options Trading
Mutual Funds
Forex Trading
Futures Trading
Desktop Platform (Windows)
Web Platform
Virtual Trading
Charting - Drawing Tools
Charting - Indicators / Studies
Option Chains - Total Columns
Watch Lists - Total Fields
iPhone App
iPad App
Android App
Android Tablet App
Apple Watch App
Trading - After-Hours
Trading - Mutual Funds
Trading - Conditional Orders
Trading - Simple Options
Trading - Complex Options
Commission Free ETFs
Mutual Funds (No Load)
Mutual Funds (Total)
# of Easy to Borrow Stocks
Retail Locations
Under $24,999.99
$25,000.00 to $49,999.99
$50,000.00 to $99,999.99
$100,000.00 to $249,999.99
$250,000.00 to $499,999.99
Above $1,000,000.00
$500,000.00 to $999,999.99
Checking Accounts
Savings Accounts
Credit Cards
Debit Cards
Mortgage Loans
No Fee Banking
Ally Invest
Special Offer Reduced pricing available for high-volume/high-balance traders Learn More
Ally Invest Review
 
4
4.5
4
4
4
4
3
3
4
1.5
4
 
$4.95
$4.95
$0.65
$9.95
$20.00
$0.00
Yes
Yes
 
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
28
84
15
21
 
Yes
No
Yes
No
No
 
No
No
No
Yes
Yes
 
0
5216
10138
3890
0
 
8.00%
8.00%
7.00%
5.75%
4.75%
4.25%
4.25%
 
Yes
Yes
Yes
Yes
Yes
Yes
TradeStation Securities
Special Offer All-New Pricing. Now Only $5/Trade + No Software Fees. Learn More
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TradeStation Securities Review
 
3.5
3.5
4
4.5
1
4.5
4
3.5
3
3.5
0.5
 
$5.00
$5.00
$0.50
$14.95
$20.00
$5,000.00
No
No
 
Yes
Yes
Yes
No
Yes
 
Yes
Yes
Yes
21
270
32
318
 
Yes
Yes
Yes
No
No
 
Yes
No
Yes
Yes
Yes
 
0
988
4854
2500
0
 
8.50%
8.25%
7.75%
7.75%
7.25%
6.75%
7.25%
 
No
No
No
No
No
No

All pricing data was obtained from a published web site as of 2/20/2017 and is believed to be accurate, but is not guaranteed. The StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page. 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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