Comparison Ally Invest vs Olymp Trade
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Ally Invest vs Olymp Trade. Which of them: Ally Invest or Olymp Trade a better online broker?
First of all, we’ll compare the commission fees of the two brokers. Let’s analyze the commission fees on trading options. Ally Invest has a commission fee of $4.95 + $0.65 per contract, Olymp Trade has a commission fee of none. 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 Options Trading are provided by Olymp Trade. As for platforms, Ally Invest offers Web Platform, Android App, iOS App, while Olymp Trade offers 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 Olymp Trade was established in 2014 in St. Vincent and the Grenadines, and it is regulated by Not Regulated. We can withdraw funds from Ally Invest with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $0. And Olymp Trade provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is free. The time for withdrawal in Ally Invest is 3-5 days, and that one in Olymp Trade is 1 - 5 business days.
Overall, Ally Invest boasts 3.7 stars versus Olymp Trade 4 stars.