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.