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Ally Invest vs Citi Self Invest 2024

StockBrokers.com

Written by StockBrokers.com

October 30, 2024

In this head to head comparison of Ally Invest vs Citi Self Invest, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.

Ally Invest
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.50
Citi Self Invest
3.5/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): N/A

Investment options

When evaluating the available investment options between Ally Invest and Citi Self Invest, it becomes clear that Ally Invest offers a more comprehensive range of services for investors. Ally Invest stands out with stock and margin trading, OTC stocks, mutual funds, options trading, and advisor services, earning it a rating of 4.5 out of 5 stars and a ranking of 8th out of 18 brokers by StockBrokers.com. In contrast, Citi Self Invest, which offers stock trading and mutual funds without margin or options trading, is rated 2.5 stars and is ranked last (18th) for investment options.

Both Ally Invest and Citi Self Invest provide similar fundamental services, such as stock trading, mutual funds, and IRA accounts, making them capable choices for standard investment needs. However, Ally Invest edges ahead with its additional offerings in margin trading, OTC stocks, options trading, and the availability of advisor services, which are not available through Citi Self Invest. Neither broker provides fractional shares, forex, futures, cryptocurrency trading, or coverage of crypto coins.

Overall, Ally Invest emerges as a better choice for investors seeking a broader array of investment options, including access to more complex trading activities and professional advisory services. While Citi Self Invest caters to basic investment needs, its limited options and absence of brokerage services like options and advisor services may not suffice for more diverse or experienced investor portfolios. Consequently, individuals aiming for a well-rounded brokerage experience may find Ally Invest more aligned with their investment goals.

Feature Ally Invest logoAlly Invest
Citi Self Invest logoCiti Self Invest
Stock Trading info Yes Yes
Margin Trading Yes No
Fractional Shares info No No
OTC Stocks info Yes No
Mutual Funds info Yes Yes
Options Trading info Yes No
Futures Trading info No No
Crypto Trading info No No
Crypto Trading - Total Coins info 0 0
Investment Options 4.5/5 Stars 2.5/5 Stars

Dive deeper: Best Options Trading Platforms & Brokers, 5 Best Futures Trading Platforms of 2024

Trading platforms and tools

When evaluating the trading platforms and tools provided by Ally Invest and Citi Self Invest, Ally Invest emerges as a stronger contender. Both brokers lack desktop downloadable platforms for Windows and Mac, offering only browser-based trading. However, Ally Invest distinguishes itself with a more robust set of charting tools and technical indicators, granting it a higher rating of 3.5 stars compared to Citi Self Invest's 2.5 stars. Furthermore, Ally Invest's superior ranking of #11 out of 18 brokers by StockBrokers.com highlights its enhanced capabilities, particularly in features crucial to active traders.

Ally Invest offers an impressive lineup of 120 technical indicators and 36 drawing tools for charting, significantly overshadowing Citi Self Invest, which provides none. This vast array of tools supports more detailed and customized market analysis on Ally's platform. Additionally, Ally Invest allows notes and index overlays on charts and automated technical analysis, which are not options on Citi's platform. The customization available for simple moving average studies on Ally also gives traders further depth in managing their strategies.

Moreover, for users who rely on watch lists, Ally Invest provides a more user-friendly setup with 10 columns available, while Citi Self Invest offers none. Although both platforms are limited in that they don't support paper trading or trading journals, Ally Invest's features for chart management, such as the ability to save multiple chart profiles, provide added value for traders seeking an intuitive and flexible online trading experience. Despite these differences, both services fall short in areas such as custom studies for charts and the ability to display corporate events or historical trades on the graph.

Feature Ally Invest logoAlly Invest
Citi Self Invest logoCiti Self Invest
Web Trading Platform info Yes Yes
Desktop Trading Platform info No No
Desktop Platform (Mac) info No No
Paper Trading info No No
Watch Lists - Total Fields info 10 0
Charting - Indicators / Studies info 120 0
Charting - Drawing Tools info 36 0
Platforms & Tools 3.5/5 Stars 2.5/5 Stars

Dive deeper: Best Stock Brokers for 2024, Best Paper Trading Platforms of 2024

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Beginners and education

When it comes to educational resources for novice investors, Ally Invest and Citi Self Invest show noticeable differences. Ally Invest stands out by offering an extensive array of stock, ETF, options, mutual fund, and bond educational resources. Despite the absence of interactive components such as paper trading, educational videos, webinars, and quizzes, Ally Invest maintains a quality educational platform, earning a commendable 4-star rating. This robust offering secures Ally Invest a mid-tier position, ranked 9th out of 18 brokers in the StockBrokers.com assessment for education.

Conversely, Citi Self Invest lags behind in investor education, providing no educational support for stocks, ETFs, options, mutual funds, or bonds. It slightly makes up for this with educational quizzes and a tracking feature for learning progress, yet these are not enough to compete when compared to its counterparts. This deficiency is reflected in its 1.5-star rating for education and a low placement, ranking 18th also on StockBrokers.com. For beginners prioritizing educational resources, Ally Invest emerges as a significantly more capable platform.

Feature Ally Invest logoAlly Invest
Citi Self Invest logoCiti Self Invest
Education (Stocks) info Yes No
Education (ETFs) info Yes No
Education (Options) info Yes No
Education (Mutual Funds) info Yes No
Education (Bonds) info Yes No
Paper Trading info No No
Videos info No No
Webinars info No No
Education 4/5 Stars 1.5/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2024

Stock trading apps

When evaluating the stock trading apps of Ally Invest and Citi Self Invest, Ally Invest generally comes out on top. With a rating of 4 stars compared to Citi Self Invest's 3 stars and ranked #13 by StockBrokers.com out of 18 brokers, Ally Invest makes a stronger impression in the mobile stock trading arena. Citi Self Invest, while offering several similar features, ranks at #17, indicating room for improvement in enhancing its app's capabilities.

Both Ally Invest and Citi Self Invest cater to users on both iPhone and Android platforms, offering robust accessibility for traders on the go. Each supports essential features, such as the ability to create custom watch lists and view multiple time frames for charting. However, neither brokerage provides advanced tools such as streaming quotes, live TV, video on demand, stock alerts, or technical studies in their apps, which could be a drawback for traders seeking comprehensive, real-time data analysis.

Distinctively, Ally Invest allows for mobile after-hours stock trading and mobile options trading, potentially broadening opportunities for active traders. In contrast, Citi Self Invest does not support mobile options trading, which might limit its appeal for traders looking to engage comprehensively within the mobile platform. Furthermore, both platforms lack features such as Apple Watch support, landscape mode for charts, customizable watch list columns, after-hours charting, and the ability to display stock comparisons on charts, suggesting that both brokers could further enhance their mobile app offerings to meet evolving trader demands.

Feature Ally Invest logoAlly Invest
Citi Self Invest logoCiti Self Invest
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info No No
Stock Alerts info No No
Charting - After-Hours info No No
Charting - Technical Studies info 0 0
Mobile Trading Apps 4/5 Stars 3/5 Stars

Dive deeper: Best Stock Trading Apps of 2024

Fees

When comparing Ally Invest and Citi Self Invest, both platforms offer compelling options for investors, with zero minimum deposit requirements and commission-free stock trades, making them attractive to beginner investors. However, Ally Invest provides a broader range of features, such as options trading at a $0.50 per contract fee, alongside margin trading with tiered rates, while Citi Self Invest does not offer these services. Furthermore, Ally Invest proves beneficial in terms of account closure and transfer costs, with lower fees across IRA closures and both partial and full account transfers, positioning it as a more cost-effective option for users who anticipate making such transitions.

Ally Invest requires a $0.50 fee per options contract, an advantage for traders seeking options trading services, which Citi Self Invest does not provide. Additionally, Ally Invest charges no fees for options exercise and assignment, enhancing its appeal to active options traders. For those interested in margin trading, Ally Invest offers a tiered interest rate ranging from 12% to 13%, depending on the amount borrowed. In contrast, Citi Self Invest does not extend margin trading facilities, limiting its offering for investors looking to leverage their investments through borrowing.

In terms of additional fees, Ally Invest maintains a budget-friendly profile with $0 charges for IRA annual fees, but marginally charges a $25 fee for IRA account closures, significantly lower than Citi Self Invest’s $95. Account transfers with Ally Invest incur a $50 fee, whether partial or full, whereas Citi Self Invest demands a steeper $95 charge. These cost considerations make Ally Invest a preferable choice for investors who value cost-efficiency in their trading and account management activities. Overall, while both platforms have strengths, Ally Invest covers a wider range of investment services at a more affordable rate compared to Citi Self Invest.

Feature Ally Invest logoAlly Invest
Citi Self Invest logoCiti Self Invest
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
Options (Per Contract) $0.50 N/A
Options Exercise Fee $0.00 N/A
Options Assignment Fee $0.00 N/A
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $25.00 $95.00
Commissions & Fees 4.5/5 Stars 4.5/5 Stars

Dive deeper: Best Brokers for Free Stock Trading of 2024

Day Trading

When evaluating the day trading capabilities of Ally Invest and Citi Self Invest, both platforms present a similar set of features, or rather, the lack thereof. Neither Ally Invest nor Citi Self Invest provide streaming time and sales data for stocks, which could be a limitation for active traders seeking real-time market information. Additionally, both platforms do not offer streaming live TV, direct market routing for stocks, ladder trading, or trading hotkeys for keyboard trade entry. These features are often favored by day traders requiring rapid access to market shifts and seamless execution of trades.

In terms of analytical capabilities and market insights, both Ally Invest and Citi Self Invest fall short, as they do not support level 2 quotes, which are crucial for in-depth analysis of market depth. Furthermore, they lack basic and advanced strategy backtesting tools, preventing traders from testing trading strategies against historical data. Both platforms also do not provide a short locator tool for tracking the availability of shares to short, nor do they offer order liquidity rebates. As such, traders might need to look elsewhere if these features align with their trading needs.

Feature Ally Invest logoAlly Invest
Citi Self Invest logoCiti Self Invest
Streaming Time & Sales info No No
Streaming TV info No No
Direct Market Routing - Stocks info No No
Level 2 Quotes - Stocks info No No
Trade Ideas - Backtesting info No No
Trade Ideas - Backtesting Adv info No No
Short Locator info No No

Dive deeper: Best Day Trading Platforms of 2024

Market Research

When evaluating the market research capabilities of Ally Invest versus Citi Self Invest, it's clear that Ally Invest offers a more comprehensive set of tools and resources. With the provision of stock, ETFs, mutual funds, and bonds research, plus the ability to analyze Pink Sheets/OTCBB, Ally Invest provides a versatile platform for in-depth market analysis. Their capability to incorporate social media sentiment data into stock research further enhances its offerings and results in a 4-star rating and a #7 rank out of 18 brokers on StockBrokers.com. On the other hand, Citi Self Invest, with a 2.5-star rating and #15 rank, offers fewer research options, lacking mutual funds and bonds research, and does not utilize social media sentiment for stock analysis.

Both Ally Invest and Citi Self Invest allow users to see portfolio allocation by asset class, ensuring transparent tracking of investment distributions. However, neither platform provides downloadable PDF research reports for stocks, ETFs, or mutual funds, nor do they offer ESG research capabilities. Ally Invest sets itself apart with a comprehensive set of screeners, including stock, ETF, and bond screeners, helping investors find trade ideas more efficiently. Meanwhile, Citi Self Invest lacks these screeners, limiting the tools available for generating trade insights.

Overall, while both brokers provide essential market research capabilities, Ally Invest stands out for its wide-ranging research options, advanced screener tools, and inclusion of social media sentiment in stock research. The absence of certain research features, like mutual fund and bond analysis, places Citi Self Invest at a disadvantage for investors seeking robust research resources. These differences are reflected in their respective ratings and rankings, demonstrating Ally Invest's stronger market research proposition.

Feature Ally Invest logoAlly Invest
Citi Self Invest logoCiti Self Invest
Research - Stocks info Yes Yes
Screener - Stocks info Yes No
Research - ETFs info Yes Yes
Screener - ETFs info Yes No
Research - Mutual Funds info Yes No
Screener - Mutual Funds info No No
Research - Bonds info Yes No
Screener - Bonds info Yes No
Research 4/5 Stars 2.5/5 Stars

Banking

When comparing the banking capabilities of online brokers Ally Invest and Citi Self Invest, both platforms offer a comprehensive suite of financial services including checking accounts, savings accounts, debit cards, credit cards, and mortgage loans, making them suitable for a range of banking needs. However, Ally Invest distinguishes itself by offering Certificates of Deposit (CDs), which Citi Self Invest does not provide. This added feature of CDs may appeal to investors seeking diverse savings options through Ally Invest, setting it apart in this aspect of banking services.

Feature Ally Invest logoAlly Invest
Citi Self Invest logoCiti Self Invest
Checking Accounts info Yes Yes
Savings Accounts info Yes Yes
Debit Cards info Yes Yes
Credit Cards info Yes Yes
Mortgage Loans info Yes Yes
CDs info Yes No

Dive deeper: Best Bank Brokerages of 2024

Winner

After opening live accounts and testing 18 of the best online brokers, our research and live account testing finds that Ally Invest is better than Citi Self Invest. Ally Invest finished with an overall score of 83.8%, while Citi Self Invest finished with a score of 70.6%.

For current Ally customers looking to invest in stocks, Ally's universal-accounts experience and easy-to-use website offer a convenient solution. Its website is far stronger than the mobile app.

FAQs

Can you trade cryptocurrency with Ally Invest or Citi Self Invest?

When comparing Ally Invest and Citi Self Invest, neither platform offers cryptocurrency trading, providing zero coins for crypto transactions.

Dive deeper: Best Crypto Trading Platforms of 2024

Does Ally Invest or Citi Self Invest offer IRAs?

Both Ally Invest and Citi Self Invest offer traditional and Roth IRA accounts without any annual fees. However, while Ally Invest charges a $25 closure fee for IRA accounts, Citi Self Invest's closure fee is $95.

Dive deeper: Best IRA Accounts of 2024

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Compare

0 of 5
Overall Rating Ally Invest Citi Self Invest
Overall 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4.5/5 Stars 2.5/5 Stars
Platforms & Tools 3.5/5 Stars 2.5/5 Stars
Mobile Trading Apps 4/5 Stars 3/5 Stars
Research 4/5 Stars 2.5/5 Stars
Customer Service 4/5 Stars N/A
Education 4/5 Stars 1.5/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review Ally Invest Review Citi Self Invest Review
Broker Screenshots Ally Invest Citi Self Invest
Trading Platform & Tools Gallery (click to expand)
Research Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Trading Fees Ally Invest Citi Self Invest
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
Penny Stock Fees (OTC) info $4.95 N/A info
Mutual Fund Trade Fee $0.00 0
Options (Per Contract) $0.50 N/A
Futures (Per Contract) (Not offered) (Not offered)
Broker Assisted Trade Fee $20 n/a
Margin Rates Ally Invest Citi Self Invest
Margin Rate Under $25,000 13% Not offered
Margin Rate $25,000 to $49,999.99 12.75% Not offered
Margin Rate $50,000 to $99,999.99 12% Not offered
Margin Rate $100,000 to $249,999.99 10.75% Not offered
Margin Rate $250,000 to $499,999.99 9.75% Not offered
Margin Rate $500,000 to $999,999.99 9.25% Not offered
Margin Rate Above $1,000,000 8.5% Not offered
Account Fees Ally Invest Citi Self Invest
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $25.00 $95.00
Account Transfer Out (Partial) info $50.00 $95.00
Account Transfer Out (Full) info $50.00 $95.00
Options Exercise Fee $0.00 N/A
Options Assignment Fee $0.00 N/A
Investment Options Ally Invest Citi Self Invest
Stock Trading info Yes Yes
Margin Trading Yes No
Fractional Shares info No No
OTC Stocks info Yes No
Options Trading info Yes No
Complex Options Max Legs info 4
Futures Trading info No No
Forex Trading info No No
Crypto Trading info No No
Crypto Trading - Total Coins info 0 0
Mutual Funds (No Load) info 13000 820
Mutual Funds (Total) info 14000 820
Bonds (US Treasury) info Yes No
Bonds (Corporate) info Yes No
Bonds (Municipal) info Yes No
Traditional IRAs info Yes Yes
Roth IRAs info Yes Yes
Advisor Services info Yes No
International Countries (Stocks) info 0 0
Order Types Ally Invest Citi Self Invest
Order Type - Market info Yes Yes
Order Type - Limit info Yes Yes
Order Type - After Hours info Yes No
Order Type - Stop info Yes Yes
Order Type - Trailing Stop info No No
Order Type - OCO info No No
Order Type - OTO info No No
Order Type - Broker Assisted info Yes No
Beginners Ally Invest Citi Self Invest
Education (Stocks) info Yes No
Education (ETFs) info Yes No
Education (Options) info Yes No
Education (Mutual Funds) info Yes No
Education (Bonds) info Yes No
Education (Retirement) info Yes No
Retirement Calculator info No No
Investor Dictionary info Yes No
Paper Trading info No No
Videos info No No
Webinars info No No
Webinars (Archived) info Yes No
Progress Tracking info No Yes
Interactive Learning - Quizzes info No Yes
Stock Trading Apps Ally Invest Citi Self Invest
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info No No
Trading - Stocks info Yes Yes
Trading - After-Hours info Yes No
Trading - Simple Options info Yes No
Trading - Complex Options info Yes No
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info No No
Stock App Features Ally Invest Citi Self Invest
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info No No
Videos on Demand info No No
Stock Alerts info No No
Option Chains Viewable info Yes No
Watch List (Real-time) info Yes Yes
Watch List (Streaming) info No No
Watch Lists - Create & Manage info Yes Yes
Watch Lists - Column Customization info No No
Stock App Charting Ally Invest Citi Self Invest
Charting - After-Hours info No No
Charting - Can Turn Horizontally info No No
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 0 0
Charting - Study Customizations info No No
Charting - Stock Comparisons info No No
Trading Platforms Ally Invest Citi Self Invest
Active Trading Platform info N/A n/a
Desktop Trading Platform info No No
Desktop Platform (Mac) info No No
Web Trading Platform info Yes Yes
Paper Trading info No No
Trade Journal info No No
Watch Lists - Total Fields info 10 0
Stock Chart Features Ally Invest Citi Self Invest
Charting - Adjust Trades on Chart info No No
Charting - Indicators / Studies info 120 0
Charting - Drawing Tools info 36 0
Charting - Notes info Yes No
Charting - Index Overlays info Yes No
Charting - Historical Trades info No No
Charting - Corporate Events info No No
Charting - Custom Date Range info No No
Charting - Custom Time Bars info No No
Charting - Automated Analysis info Yes No
Charting - Save Profiles info Yes No
Trade Ideas - Technical Analysis info Yes No
Charting - Study Customizations info 8 0
Charting - Custom Studies info No No
Day Trading Ally Invest Citi Self Invest
Streaming Time & Sales info No No
Streaming TV info No No
Direct Market Routing - Stocks info No No
Ladder Trading info No No
Trade Hotkeys info No No
Level 2 Quotes - Stocks info No No
Trade Ideas - Backtesting info No No
Trade Ideas - Backtesting Adv info No No
Short Locator info No No
Order Liquidity Rebates info No No
Research Overview Ally Invest Citi Self Invest
Research - Stocks info Yes Yes
Research - ETFs info Yes Yes
Research - Mutual Funds info Yes No
Research - Pink Sheets / OTCBB info Yes Yes
Research - Bonds info Yes No
Screener - Stocks info Yes No
Screener - ETFs info Yes No
Screener - Mutual Funds info No No
Screener - Bonds info Yes No
Misc - Portfolio Allocation info Yes Yes
Stock Research Ally Invest Citi Self Invest
Stock Research - PDF Reports info 0 0
Stock Research - Earnings info No No
Stock Research - Insiders info Yes No
Stock Research - Social info Yes No
Stock Research - News info Yes Yes
Stock Research - ESG info No No
Stock Research - SEC Filings info No No
ETF Research Ally Invest Citi Self Invest
ETFs - Strategy Overview info Yes Yes
ETF Fund Facts - Inception Date info No No
ETF Fund Facts - Expense Ratio info Yes Yes
ETF Fund Facts - Net Assets info Yes No
ETF Fund Facts - Total Holdings info No No
ETFs - Top 10 Holdings info Yes Yes
ETFs - Sector Exposure info No No
ETFs - Risk Analysis info No Yes
ETFs - Ratings info Yes Yes
ETFs - Morningstar StyleMap info No No
ETFs - PDF Reports info No No
Mutual Fund Research Ally Invest Citi Self Invest
Mutual Funds - Strategy Overview info Yes Yes
Mutual Funds - Performance Chart info Yes Yes
Mutual Funds - Performance Analysis info No Yes
Mutual Funds - Prospectus info No No
Mutual Funds - 3rd Party Ratings info Yes Yes
Mutual Funds - Fees Breakdown info No No
Mutual Funds - Top 10 Holdings info Yes Yes
Mutual Funds - Asset Allocation info No Yes
Mutual Funds - Sector Allocation info Yes No
Mutual Funds - Country Allocation info No No
Mutual Funds - StyleMap info No No
Options Trading Ally Invest Citi Self Invest
Option Chains - Basic View info Yes No
Option Chains - Strategy View info Yes No
Option Chains - Streaming info Yes No
Option Chains - Total Columns info 8 0
Option Chains - Greeks info 5 0
Option Chains - Quick Analysis info Yes No
Option Analysis - P&L Charts info No No
Option Probability Analysis info Yes No
Option Probability Analysis Adv info No No
Option Positions - Greeks info Yes No
Option Positions - Greeks Streaming info No No
Option Positions - Adv Analysis info No No
Option Positions - Rolling info No No
Option Positions - Grouping info Yes No
Banking Ally Invest Citi Self Invest
Bank (Member FDIC) info Yes Yes
Checking Accounts info Yes Yes
Savings Accounts info Yes Yes
Credit Cards info Yes Yes
Debit Cards info Yes Yes
Mortgage Loans info Yes Yes
Customer Service Ally Invest Citi Self Invest
Phone Support (Prospect Customers) info Yes No
Phone Support (Current Customers) info Yes Yes
Email Support info Yes No
Live Chat (Prospect Customers) info No No
Live Chat (Current Customers) info Yes No
24/7 Support info Yes Yes
Overall Ally Invest Citi Self Invest
Overall 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4.5/5 Stars 2.5/5 Stars
Platforms & Tools 3.5/5 Stars 2.5/5 Stars
Mobile Trading Apps 4/5 Stars 3/5 Stars
Research 4/5 Stars 2.5/5 Stars
Education 4/5 Stars 1.5/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review Ally Invest Review Citi Self Invest Review
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