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E*TRADE vs Ally Invest 2025

StockBrokers.com

Written by StockBrokers.com

March 11, 2025

In this head to head comparison of E*TRADE vs Ally Invest, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

E*TRADE
5/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.65
Ally Invest
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.50

Range of investments

Both E*TRADE and Ally Invest provide well-rounded investment options for different types of investors, scoring 4.5 stars out of five for their range of investments. While E*TRADE ranks higher at #4 compared to Ally Invest’s #8 according to StockBrokers.com, both platforms cater to a variety of investment needs. Whether you’re interested in trading stocks, options, or exploring mutual funds, E*TRADE and Ally Invest both deliver competent services for traditional and Roth IRA accounts, along with advisor services for those seeking assistance.

When diving into specific investment options, both E*TRADE and Ally Invest offer stock and margin trading, granting ample opportunity for more aggressive trading strategies. While neither platform supports fractional shares or cryptocurrency, they both offer OTC stocks and mutual funds, along with options trading to diversify investment portfolios further. Notably, E*TRADE stands out with its futures trading option, which is not available with Ally Invest.

For investors pondering their choice based on specific account offerings, both platforms provide traditional and Roth IRA accounts, along with advisor services, making them strong contenders for retirement planning. Despite the absence of forex and crypto trading on both platforms, the comprehensive suite of investment series ensures that both novice and seasoned investors will find suitable options to meet their financial goals. Ultimately, the choice between E*TRADE and Ally Invest depends on one’s specific trading needs, with E*TRADE having a slight edge for those interested in futures trading.

Feature E*TRADE logoE*TRADE
Ally Invest logoAlly Invest
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info No No
OTC Stocks info Yes Yes
Mutual Funds info Yes Yes
Options Trading info Yes Yes
Futures Trading info Yes No
Crypto Trading info No No
Crypto Trading - Total Coins info 0 0
Range of Investments 4.5/5 Stars 4.5/5 Stars

Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025

Trading platforms and tools

When choosing between E*TRADE and Ally Invest for trading platforms and tools, E*TRADE emerges as the more comprehensive option with a 4-star rating and a ranking of 5th out of 15 brokers. This compares favorably to Ally Invest’s 3-star rating and 10th place ranking. E*TRADE offers a more feature-rich experience, especially for those who value customization and advanced charting capabilities, making it a preferable choice for active and detail-oriented traders.

Both E*TRADE and Ally Invest provide browser-based trading platforms, ensuring easy access without the need for downloads on Windows or Mac. E*TRADE stands out by offering features like paper trading and a significantly higher number of watch list fields, with 43 compared to Ally Invest’s 10. Additionally, E*TRADE allows for more charting flexibility with 121 technical indicators and 37 drawing tools, just edging out Ally Invest, which offers 120 indicators and 36 drawing tools.

Chart customization is another area where E*TRADE shines. It provides options to adjust open orders directly on stock charts, display corporate events, and show historical trades, whereas Ally Invest lacks these features. Both platforms do allow adding notes and index overlays to charts and offer automated technical analysis. Traders seeking to delve deeper into chart specifics and customization possibilities are likely to prefer E*TRADE's platform over Ally Invest.

Feature E*TRADE logoE*TRADE
Ally Invest logoAlly Invest
Web Trading Platform info Yes Yes
Desktop Trading Platform info No No
Desktop Platform (Mac) info No No
Paper Trading info Yes No
Watch Lists - Total Fields info 43 10
Charting - Indicators / Studies info 121 120
Charting - Drawing Tools info 37 36
Platforms & Tools 4/5 Stars 3/5 Stars

Dive deeper: Best Online Brokerage Accounts for 2025, Best Paper Trading Platforms for 2025

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Beginners and education

When it comes to beginner and investor education, both E*TRADE and Ally Invest offer a variety of resources. They provide educational content on stocks, ETFs, options, mutual funds, and bonds. However, E*TRADE sets itself apart by offering paper trading, giving beginners a practical way to learn without financial risk. Additionally, E*TRADE features educational videos and webinars, enhancing their learning platform, while Ally Invest does not include these features.

In terms of overall education, E*TRADE is rated five stars, whereas Ally Invest holds a four-star rating. According to StockBrokers.com, E*TRADE is ranked fourth among 15 brokers for its educational offerings, whereas Ally Invest comes in eighth. While both platforms cover the basics needed for investment education, E*TRADE offers more interactive tools, making it a more appealing choice for those starting their investment journey. Though neither platform offers educational quizzes or the ability to track learning progress, E*TRADE’s comprehensive resources give it a higher standing in investor education.

Feature E*TRADE logoE*TRADE
Ally Invest logoAlly Invest
Education (Stocks) info Yes Yes
Education (ETFs) info Yes Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info Yes Yes
Education (Bonds) info Yes Yes
Paper Trading info Yes No
Videos info Yes No
Webinars info Yes No
Education 5/5 Stars 4/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2025

Stock trading apps

When comparing E*TRADE and Ally Invest for their stock trading apps, E*TRADE emerges as the stronger contender. Rated 5 stars and ranked fourth out of 15 brokers by StockBrokers.com, E*TRADE surpasses Ally Invest, which holds a 4-star rating and ranks 13th. Key features like an Apple Watch app, mobile after-hours trading, and stock alerts enhance E*TRADE's appeal, making it a go-to choice for active traders seeking comprehensive tools and seamless user experience.

Both E*TRADE and Ally Invest offer iPhone and Android apps, ensuring accessibility for users on these platforms. However, E*TRADE extends its app availability to include the Apple Watch, offering an added layer of convenience not found with Ally Invest. Investors with an interest in mobile after-hours trading can rejoice as E*TRADE provides this feature, while Ally Invest's offering in this area remains unclear. Additionally, the capacity for mobile options trading is available on both platforms, catering to traders seeking diverse investment opportunities.

E*TRADE stands out with its variety of features like streaming quotes and live TV that Ally Invest lacks. Moreover, E*TRADE users can customize watch list columns, view charts in landscape mode, and utilize after-hours charting, accommodating a more personalized trading experience. Its charting capabilities further shine with 107 technical studies and the ability to display stock comparisons. In contrast, Ally Invest offers none of these features, which might limit traders looking for advanced technical analysis tools.

Feature E*TRADE logoE*TRADE
Ally Invest logoAlly Invest
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes No
Stock Alerts info Yes No
Charting - After-Hours info Yes No
Charting - Technical Studies info 107 0
Mobile Trading Apps 5/5 Stars 4/5 Stars

Dive deeper: Best Stock Trading Apps for 2025

Fees

When it comes to choosing between E*TRADE and Ally Invest for online brokerage services, both platforms share similarities but also have unique differences regarding fees and charges. Both E*TRADE and Ally Invest offer a minimum deposit of $0, making it easy for new investors to get started without upfront costs. Regular stock trades on both platforms are also commission-free, allowing investors to trade without additional expenses. However, when trading options, E*TRADE charges $0.65 per contract, while Ally Invest offers a slightly lower rate at $0.50 per contract, an important factor for frequent options traders. Ultimately, your choice may depend on the platform's specific fee structures and your individual trading needs.

For those considering margin accounts, interest rates differ between the two brokers. E*TRADE's rate for margin balances below $25,000 is 14.2%, whereas Ally Invest charges 13%. This trend continues as balances increase: E*TRADE charges 13.7% for balances between $25,000 and $49,999, compared to Ally Invest's 12.75%, and 13.2% for balances between $50,000 and $99,999, with Ally Invest offering 12%. As such, Ally Invest provides more competitive rates for users who employ margin trading.

When it comes to additional fees, there are a few distinctions to consider. E*TRADE shines with zero charges for IRA annual and closure fees, while Ally Invest also provides free IRA annual fees but imposes a $25 charge for closing IRAs. For account transfers, E*TRADE charges $75 for a full transfer, while Ally Invest charges only $50 and the same fee applies for partial transfers. Both platforms offer a fee-free experience for options exercise and assignment, making them appealing choices for options traders. Your decision may thus rest on which fee structure best aligns with your trading habits and financial strategy.

Feature E*TRADE logoE*TRADE
Ally Invest logoAlly Invest
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Options (Per Contract) info $0.65 $0.50
Options Exercise Fee info $0.00 $0.00
Options Assignment Fee info $0.00 $0.00
IRA Annual Fee info $0.00 $0.00
IRA Closure Fee info $0.00 $25.00

Dive deeper: Best Free Trading Platforms for 2025

Day Trading

When comparing E*TRADE and Ally Invest for day trading, E*TRADE emerges as a stronger platform with several valuable features. E*TRADE provides streaming time and sales, streaming live TV, and direct market routing for stocks, which are crucial for active traders who need up-to-the-minute data and flexibility in executing trades. Additionally, E*TRADE offers trading hotkeys and level 2 quotes, further enhancing its appeal to day traders seeking advanced tools and efficient trade execution.

On the other hand, Ally Invest falls short in these areas, as it does not offer streaming time and sales, streaming live TV, or direct market routing. Furthermore, Ally Invest lacks trading hotkeys and level 2 quotes, which might limit the experience for those who require rapid and informed decision-making during trading sessions. While neither platform provides ladder trading, backtesting, or a short locator tool, E*TRADE's added capabilities make it a more suitable choice for those serious about day trading.

Feature E*TRADE logoE*TRADE
Ally Invest logoAlly Invest
Streaming Time & Sales info Yes No
Streaming TV info Yes No
Direct Market Routing - Stocks info Yes No
Level 2 Quotes - Stocks info Yes info 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 for 2025

Market Research

When evaluating market research capabilities between E*TRADE and Ally Invest, E*TRADE emerges as the stronger contender. With a 5-star rating for market research and a #2 ranking by StockBrokers.com among 15 brokers, E*TRADE outshines Ally Invest, which holds a 3.5-star rating and ranks #8. E*TRADE offers comprehensive research resources in stocks, ETFs, and mutual funds, along with downloadable PDF reports, which are absent in many of Ally's offerings.

E*TRADE provides a wide array of research features, including insights into Pink Sheets/OTCBB, bonds, and social media sentiment data, mirroring Ally Invest in these areas. Both platforms excel in offering stock and ETF screeners for trade ideas, yet E*TRADE takes the lead with its mutual fund screener—an option unavailable with Ally Invest. While both platforms offer portfolio allocation analysis by asset class, they lack ESG research.

The availability of numerous downloadable PDF research reports for stocks, ETFs, and mutual funds underscores E*TRADE's advantage in giving investors thorough research tools. In contrast, Ally Invest lacks in this aspect with no downloadable reports available. This comprehensive suite of resources makes E*TRADE a top choice for investors who prioritize extensive market research capabilities.

Feature E*TRADE logoE*TRADE
Ally Invest logoAlly Invest
Research - Stocks info Yes Yes
Screener - Stocks info Yes Yes
Research - ETFs info Yes Yes
Screener - ETFs info Yes Yes
Research - Mutual Funds info Yes Yes
Screener - Mutual Funds info Yes No
Research - Bonds info Yes Yes
Screener - Bonds info Yes Yes
Research 5/5 Stars 3.5/5 Stars

Banking

When comparing the banking capabilities of E*TRADE and Ally Invest, both online brokers provide a range of services suited for personal finance needs. E*TRADE and Ally Invest each offer checking and savings accounts, allowing users to manage their everyday banking efficiently. Customers can use debit cards at both institutions, ensuring easy access to cash and purchases. Additionally, both brokers offer credit cards, adding flexibility to their financial product line-ups. Those seeking home ownership options can explore mortgage loans through either E*TRADE or Ally Invest. In terms of investment options, both platforms provide Certificates of Deposit (CDs), enabling customers to grow their savings over time with potentially higher returns. Whether you choose E*TRADE or Ally Invest, you can count on a variety of banking services to support your financial journey.

Feature E*TRADE logoE*TRADE
Ally Invest logoAlly 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 Yes

Dive deeper: Best Bank Accounts for Trading Stocks for 2025

Winner

After opening live accounts and testing 15 of the best online brokers, our research and live account testing finds that E*TRADE is better than Ally Invest. E*TRADE finished with an overall score of 95.4%, while Ally Invest finished with a score of 80.1%.

E*TRADE is a top-performing broker whose highlights include $0 trades, two excellent mobile apps and the Power E*TRADE platform. Crypto, however, is not available.

FAQs

Can you trade cryptocurrency with E*TRADE or Ally Invest?

Neither E*TRADE nor Ally Invest offer crypto trading, with both platforms providing access to zero cryptocurrency coins.

Dive deeper: Best Online Brokers for Crypto Trading in 2025

Does E*TRADE or Ally Invest offer IRAs?

Both E*TRADE and Ally Invest offer traditional and Roth IRA accounts with no annual fees, but only E*TRADE allows you to close your IRA account without a closure fee, while Ally Invest charges $25 for this service.

Dive deeper: Best IRA Accounts for 2025

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Compare

0 of 5
Overall Rating E*TRADE Ally Invest
Overall 5/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 4.5/5 Stars
Platforms & Tools 4/5 Stars 3/5 Stars
Mobile Trading Apps 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Customer Service 4.0/5 Stars 4/5 Stars
Education 5/5 Stars 4/5 Stars
Ease Of Use 5/5 Stars 4.5/5 Stars
Winner check_circle
Review E*TRADE Review Ally Invest Review
Broker Screenshots E*TRADE Ally 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 E*TRADE Ally Invest
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Penny Stock Fees (OTC) info $6.95 info $4.95
Mutual Fund Trade Fee info $0.00 $0.00
Options (Per Contract) info $0.65 $0.50
Futures (Per Contract) info $1.50 (Not offered)
Broker Assisted Trade Fee info $25 $20
Margin Rates E*TRADE Ally Invest
Margin Rate Under $25,000 info 14.2% info 13%
Margin Rate $25,000 to $49,999.99 info 13.7% 12.75%
Margin Rate $50,000 to $99,999.99 info 13.2% 12%
Margin Rate $100,000 to $249,999.99 info 12.7% 10.75%
Margin Rate $250,000 to $499,999.99 info 12.2% 9.75%
Margin Rate $500,000 to $999,999.99 info Varies info 9.25%
Margin Rate Above $1,000,000 info Varies info 8.5%
Account Fees E*TRADE Ally Invest
IRA Annual Fee info $0.00 $0.00
IRA Closure Fee info $0.00 $25.00
Account Transfer Out (Partial) info $0.00 $50.00
Account Transfer Out (Full) info $75.00 $50.00
Options Exercise Fee info $0.00 $0.00
Options Assignment Fee info $0.00 $0.00
Investment Options E*TRADE Ally Invest
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info No No
OTC Stocks info Yes Yes
Options Trading info Yes Yes
Complex Options Max Legs info 4 4
Futures Trading info Yes No
Forex Trading info No No
Crypto Trading info No No
Crypto Trading - Total Coins info 0 0
Mutual Funds (No Load) info 6486 13000
Mutual Funds (Total) info 7242 14000
Bonds (US Treasury) info Yes Yes
Bonds (Corporate) info Yes Yes
Bonds (Municipal) info Yes Yes
Traditional IRAs info Yes Yes
Roth IRAs info Yes Yes
Advisor Services info Yes Yes
International Countries (Stocks) info 0 0
Order Types E*TRADE Ally Invest
Order Type - Market info Yes Yes
Order Type - Limit info Yes Yes
Order Type - After Hours info Yes Yes
Order Type - Stop info Yes Yes
Order Type - Trailing Stop info Yes No
Order Type - OCO info Yes No
Order Type - OTO info Yes No
Order Type - Broker Assisted info Yes Yes
Beginners E*TRADE Ally Invest
Education (Stocks) info Yes Yes
Education (ETFs) info Yes Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info Yes Yes
Education (Bonds) info Yes Yes
Education (Retirement) info Yes Yes
Retirement Calculator info Yes No
Investor Dictionary info Yes Yes
Paper Trading info Yes No
Videos info Yes No
Webinars info Yes No
Webinars (Archived) info Yes Yes
Progress Tracking info No No
Interactive Learning - Quizzes info No No
Stock Trading Apps E*TRADE Ally Invest
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes No
Trading - Stocks info Yes Yes
Trading - After-Hours info Yes Yes
Trading - Simple Options info Yes Yes
Trading - Complex Options info Yes Yes
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info Yes No
Stock App Features E*TRADE Ally Invest
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info Yes No
Videos on Demand info No No
Stock Alerts info Yes No
Option Chains Viewable info Yes Yes
Watch List (Real-time) info Yes Yes
Watch List (Streaming) info Yes No
Watch Lists - Create & Manage info Yes Yes
Watch Lists - Column Customization info Yes No
Stock App Charting E*TRADE Ally Invest
Charting - After-Hours info Yes No
Charting - Can Turn Horizontally info Yes No
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 107 0
Charting - Study Customizations info Yes No
Charting - Stock Comparisons info Yes No
Trading Platforms E*TRADE Ally Invest
Active Trading Platform info Power E*TRADE N/A
Desktop Trading Platform info No No
Desktop Platform (Mac) info No No
Web Trading Platform info Yes Yes
Paper Trading info Yes No
Trade Journal info No No
Watch Lists - Total Fields info 43 10
Stock Chart Features E*TRADE Ally Invest
Charting - Adjust Trades on Chart info Yes No
Charting - Indicators / Studies info 121 120
Charting - Drawing Tools info 37 36
Charting - Notes info Yes Yes
Charting - Index Overlays info Yes Yes
Charting - Historical Trades info Yes No
Charting - Corporate Events info Yes No
Charting - Custom Date Range info Yes No
Charting - Custom Time Bars info No No
Charting - Automated Analysis info Yes Yes
Charting - Save Profiles info Yes Yes
Trade Ideas - Technical Analysis info Yes Yes
Charting - Study Customizations info 8 8
Charting - Custom Studies info No No
Day Trading E*TRADE Ally Invest
Streaming Time & Sales info Yes No
Streaming TV info Yes No
Direct Market Routing - Stocks info Yes No
Ladder Trading info No No
Trade Hotkeys info Yes No
Level 2 Quotes - Stocks info Yes info 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 E*TRADE Ally Invest
Research - Stocks info Yes Yes
Research - ETFs info Yes Yes
Research - Mutual Funds info Yes Yes
Research - Pink Sheets / OTCBB info Yes Yes
Research - Bonds info Yes Yes
Screener - Stocks info Yes Yes
Screener - ETFs info Yes Yes
Screener - Mutual Funds info Yes No
Screener - Bonds info Yes Yes
Misc - Portfolio Allocation info Yes Yes
Stock Research E*TRADE Ally Invest
Stock Research - PDF Reports info 8 0
Stock Research - Earnings info Yes No
Stock Research - Insiders info Yes Yes
Stock Research - Social info Yes Yes
Stock Research - News info Yes Yes
Stock Research - ESG info No No
Stock Research - SEC Filings info Yes No
ETF Research E*TRADE Ally Invest
ETFs - Strategy Overview info Yes Yes
ETF Fund Facts - Inception Date info Yes No
ETF Fund Facts - Expense Ratio info Yes Yes
ETF Fund Facts - Net Assets info Yes Yes
ETF Fund Facts - Total Holdings info Yes No
ETFs - Top 10 Holdings info Yes Yes
ETFs - Sector Exposure info Yes No
ETFs - Risk Analysis info Yes No
ETFs - Ratings info Yes Yes
ETFs - Morningstar StyleMap info Yes No
ETFs - PDF Reports info Yes No
Mutual Fund Research E*TRADE Ally Invest
Mutual Funds - Strategy Overview info Yes Yes
Mutual Funds - Performance Chart info Yes Yes
Mutual Funds - Performance Analysis info Yes No
Mutual Funds - Prospectus info Yes No
Mutual Funds - 3rd Party Ratings info Yes Yes
Mutual Funds - Fees Breakdown info Yes No
Mutual Funds - Top 10 Holdings info Yes Yes
Mutual Funds - Asset Allocation info Yes No
Mutual Funds - Sector Allocation info Yes Yes
Mutual Funds - Country Allocation info Yes No
Mutual Funds - StyleMap info Yes No
Options Trading E*TRADE Ally Invest
Option Chains - Basic View info Yes Yes
Option Chains - Strategy View info Yes Yes
Option Chains - Streaming info Yes Yes
Option Chains - Total Columns info 32 8
Option Chains - Greeks info 5 5
Option Chains - Quick Analysis info Yes Yes
Option Analysis - P&L Charts info Yes No
Option Probability Analysis info Yes Yes
Option Probability Analysis Adv info Yes No
Option Positions - Greeks info Yes Yes
Option Positions - Greeks Streaming info Yes No
Option Positions - Adv Analysis info Yes No
Option Positions - Rolling info Yes No
Option Positions - Grouping info Yes Yes
Banking E*TRADE Ally 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 E*TRADE Ally Invest
Phone Support (Prospect Customers) info Yes Yes
Phone Support (Current Customers) info Yes Yes
Email Support info Yes Yes
Live Chat (Prospect Customers) info No No
Live Chat (Current Customers) info Yes Yes
24/7 Support info Yes Yes
Overall E*TRADE Ally Invest
Overall 5/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 4.5/5 Stars
Platforms & Tools 4/5 Stars 3/5 Stars
Mobile Trading Apps 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 5/5 Stars 4/5 Stars
Ease Of Use 5/5 Stars 4.5/5 Stars
Winner check_circle
Review E*TRADE Review Ally Invest Review
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