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Comparison Ally Invest vs Fidelity
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Ally Invest vs Fidelity. Is Ally Invest or Fidelity a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. Ally Invest has a commission fee of $4.95, and Fidelity 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 Fidelity is $4.95 + $0.65. You can read more detailed information on commission fees in the online broker reviews.
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, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading are provided by Fidelity. Concerning the platforms, Ally Invest uses Web Platform, Android App, iOS App, while Fidelity uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App.
In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. Ally Invest was established in 2005 in United States, and it is regulated by CFTC, NFA. And Fidelity was established in 1946 in USA, and it is regulated by SEC, FINRA, FCA (UK). We can withdraw funds from Ally Invest with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $0. And Fidelity provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $10 (Bank Wire). The time for withdrawal in Ally Invest is 3-5 days, and that one in Fidelity is immediate (Bank Wire).
Overall, Ally Invest boasts 3.7 stars versus Fidelity 4.3 stars.