Comparison Ally Invest vs IQ Option
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Ally Invest vs IQ Option. Is Ally Invest or IQ Option a better online broker?
First of all, we’ll compare the commission fees of the two brokers. Ally Invest has a commission fee of $4.95, and IQ Option has a commission fee of from 0.16%. When analyzing trading options, the commission fees of Ally Invest is $4.95 + $0.65 per contract, and that one of IQ Option is from 0.035%. Now, let’s compare commission fees in Forex, the commission fee of Ally Invest is 0, and the commission fee of IQ Option is from 0.03%. The full online broker reviews contains more detailed information on the brokers’ commission fees.
Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are Ally Invest provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Robo Advisor, and IQ Option provides customers with Stocks Trading, Options Trading, ETFs Trading, Forex Trading, Crypto Trading. As for platforms, Ally Invest offers Web Platform, Android App, iOS App, while IQ Option offers 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 IQ Option was established in 2013 in Seychelles, and it is regulated by Not Regulated. Withdrawal of funds from Ally Invest can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $0. And IQ Option provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of free. The time for withdrawal in Ally Invest is 3-5 days, and that one in IQ Option is within 1 business day.
Overall, Ally Invest boasts 3.7 stars versus IQ Option 3.9 stars.