Comparison Ally Invest vs Firstrade

The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Ally Invest vs Firstrade. Is Ally Invest or Firstrade 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 Firstrade has a commission fee of $0. When analyzing trading options, the commission fees of Ally Invest is $4.95 + $0.65 per contract, and that one of Firstrade is $0. 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 Firstrade. As for platforms, Ally Invest offers Web Platform, Android App, iOS App, while Firstrade offers 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 established in 2005 in United States, and it is regulated by CFTC, NFA. And Firstrade was established in 1985 in United States, and it is regulated by SEC and FINRA. We can withdraw funds from Ally Invest with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $0. And Firstrade provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is $30 domestic US, $50 international. The time for withdrawal in Ally Invest is 3-5 days, and that one in Firstrade is 2-3 business days.

As a result, the rating of Ally Invest is 3.7 stars versus that of Firstrade of 3.9 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
Firstrade
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
Firstrade
Stock
$0
ETFs
$0
Options
$0
Mutual Funds
$0
Bonds
$40
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
Firstrade
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
Firstrade
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform

Tools

Tools
Research & Analysis
Education
Demo account
Ally Invest
Research & Analysis
Education
Demo account
Firstrade
Research & Analysis
Education
Demo account

Mobile App

Mobile App
Android App
iOS App
Ally Invest
Android App
iOS App
Firstrade
Android App
iOS App

Deposits

Deposits
Minimum deposit
Bank Wire
Visa/Mastercard
Ally Invest
Minimum deposit
$0
Bank Wire
Visa/Mastercard
Firstrade
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
Firstrade
Bank Wire
Visa/Mastercard
Withdrawal Time
2-3 business days
Withdrawal Fee
$30 domestic US, $50 international

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
Firstrade
Сountry of Origin
United States
Year Founded
1985
Regulated By
SEC and FINRA

Customer Service

Customer Service
Phone
Email
Live Chat
 
Ally Invest
Phone
1-855-880-2559
Email
support@ally.invest.com
Live Chat
Yes
Firstrade
Phone
Yes
Email
Yes
Live Chat
No

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