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Comparison Ally Invest vs Charles Schwab

The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Ally Invest vs Charles Schwab. Is Ally Invest or Charles Schwab a better online broker?

First of all, we’ll compare the commission fees of the two brokers. The commission fee of Ally Invest on regular transactions of the stock exchange is $4.95, and Charles Schwab has a commission fee of $4.95. When analyzing trading options, the commission fees of Ally Invest is $4.95 + $0.65 per contract, and that one of Charles Schwab is $4.95 + $0.65 per contract. The full online broker reviews contains more detailed information on the brokers’ commission fees.

It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Robo Advisor are provided to customers by Ally Invest and Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Robo Advisor are provided by Charles Schwab. Concerning the platforms, Ally Invest uses Web Platform, Android App, iOS App, while Charles Schwab uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App.

Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. Ally Invest was founded in 2005 in United States, and it is regulated by CFTC, NFA. And Charles Schwab was founded in 1973 in United States, and it is regulated by SIPC. Withdrawal of funds from Ally Invest can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $0. And Charles Schwab provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of $0. The time for withdrawal in Ally Invest is 3-5 days, and that one in Charles Schwab is 5 days.

Overall, Ally Invest boasts 3.7 stars versus Charles Schwab 4.1 stars.

Overall Rating

 
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
 
Ally Invest
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
Charles Schwab
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education

Fees

Fees
Stock
ETFs
Options
Mutual Funds
Bonds
Forex Spreads
Ally Invest
Stock
$4.95
ETFs
$4.95
Options
$4.95 + $0.65 per contract
Mutual Funds
$9.95
Bonds
$1 per bond
Forex Spreads
0
Charles Schwab
Stock
$4.95
ETFs
$29.85
Options
$4.95 + $0.65 per contract
Mutual Funds
$49.95
Bonds
$1
Forex Spreads
N/A

Types of trading

Types of trading
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Futures Trading
Robo Advisor
Ally Invest
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Futures Trading
Robo Advisor
Charles Schwab
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Futures Trading
Robo Advisor

Platforms

Platforms
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
Ally Invest
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
Charles Schwab
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform

Tools

Tools
Research & Analysis
Education
Demo account
Ally Invest
Research & Analysis
Education
Demo account
Charles Schwab
Research & Analysis
Education
Demo account

Mobile App

Mobile App
Android App
iOS App
Ally Invest
Android App
iOS App
Charles Schwab
Android App
iOS App

Deposits

Deposits
Minimum deposit
Bank Wire
Visa/Mastercard
Ally Invest
Minimum deposit
$0
Bank Wire
Visa/Mastercard
Charles Schwab
Minimum deposit
$0
Bank Wire
Visa/Mastercard

Withdrawals

Withdrawals
Bank Wire
Visa/Mastercard
Withdrawal Time
Withdrawal Fee
Ally Invest
Bank Wire
Visa/Mastercard
Withdrawal Time
3-5 days
Withdrawal Fee
$0
Charles Schwab
Bank Wire
Visa/Mastercard
Withdrawal Time
5 days
Withdrawal Fee
$0

Security & Fairness

Security & Fairness
Сountry of Origin
Year Founded
Regulated By
Ally Invest
Сountry of Origin
United States
Year Founded
2005
Regulated By
CFTC, NFA
Charles Schwab
Сountry of Origin
United States
Year Founded
1973
Regulated By
SIPC

Customer Service

Customer Service
Phone
Email
Live Chat
 
Ally Invest
Phone
1-855-880-2559
Email
support@ally.invest.com
Live Chat
Yes
Charles Schwab
Phone
1-877-853-1802
Email
Email form
Live Chat
Yes

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