Comparison Ally Invest vs Saxo Bank
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Ally Invest vs Saxo Bank. Which of them: Ally Invest or Saxo Bank a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. The commission fee of Ally Invest on regular transactions of the stock exchange is $4.95, and Saxo Bank has a commission fee of from 0.1% commission. When analyzing trading options, the commission fees of Ally Invest is $4.95 + $0.65 per contract, and that one of Saxo Bank is from £2.50 per lot. For trading in Forex, the commission fee of Ally Invest is 0, while the commission fee of Saxo Bank is from 0.4 pips. 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 Saxo Bank provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor. Concerning the platforms, Ally Invest uses Web Platform, Android App, iOS App, while Saxo Bank uses Desktop Platform (Windows), Desktop Platform (MacOS), 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 Saxo Bank was established in 1992 in Denmark, and it is regulated by FCA, FSA, DFSA, ASIC, FSC. We can withdraw funds from Ally Invest with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $0. And Saxo Bank provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is 0. The withdrawal time for Ally Invest is 3-5 days, and that one for Saxo Bank is 1-2 business days.
Overall, Ally Invest boasts 3.7 stars versus Saxo Bank 4.1 stars.