Using data from our latest annual broker review which tested more than a dozen different online brokers
over six months, we can compare Ally Invest vs TradeStation Securities to determine which broker is best. Let's dive in.
First, we will break down the commission charges of both brokers for placing stock and options trades. TradeStation Securities, with its regular stock trades costing $5.00, is more expensive than Ally Invest's rate of $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. Option contracts are pricier at Ally Invest, costing $0.65 versus $0.50 at TradeStation Securities. Instead of flat rate fees, several brokers charge a per-share fee instead. For a complete review of trading charges, read our full online broker reviews
Next, investors want to make sure they can trade the investment vehicle they want. TradeStation Securities provides its clients with Stock Trading, Options Trading, Mutual Funds and Futures Trading while Ally Invest provides clients access to Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading. As far as mutual funds go, Ally Invest offers its clients access to 10264 different mutual funds while TradeStation Securities has 4951 available funds, a difference of 5,313. And, commission free ETFs deserve a comparison, with Ally Invest having the upper hand thanks to its 100 available commission free ETFs compared to TradeStation Securities's offering of 0.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. TradeStation Securities has virtual trading, Ally Invest doesn't. For mobile trading, Ally Invest along with TradeStation Securities both support the iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are offered by Ally Invest while TradeStation Securities offers none of these. All factors considered, when it comes to platform tools, research, and mobile trading, TradeStation Securities posted awards Best in Class - Platforms & Tools in 2018, while Ally Invest found itself with none of these.
Overall, TradeStation Securities boasts 4.00 stars versus Ally Invest's 3.50 stars.