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E*TRADE vs Ally Invest 2025

StockBrokers.com

Written by StockBrokers.com

February 20, 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

When comparing E*TRADE and Ally Invest, both shine brightly as top contenders in the realm of online brokerage services, particularly for those valuing a variety of investment options. StockBrokers.com ranks E*TRADE at an impressive fourth place for its range of investments, while Ally Invest earns a respectable eighth. Both platforms boast a 4.5-star rating in offering diverse investment choices, so whether you're an experienced investor or just starting out, these brokers provide a strong foundation to build a tailored investment portfolio.

Both E*TRADE and Ally Invest excel in offering comprehensive trading options, including stock trading, margin trading, mutual funds, and options trading. However, neither platform supports fractional shares trading or forex trading, which might be a limitation for some investors. E*TRADE takes a slight edge by providing futures trading, unlike Ally Invest, but both platforms offer traditional and Roth IRA accounts, as well as advisor services for those seeking personalized investment advice.

While both brokers provide access to over-the-counter (OTC) stocks, neither supports cryptocurrency trading, with a mere total of zero coins offered between them. The lack of crypto trading options may be a consideration for users looking to diversify their portfolios with digital currencies. However, with a wide array of traditional investment options and strong support for various account types, both E*TRADE and Ally Invest continue to be reliable choices for investors seeking versatility and robust advisory services.

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 it comes to choosing the right online trading platform, both E*TRADE and Ally Invest offer compelling features, but E*TRADE stands out with a higher rating of 4 stars compared to Ally Invest's 3 stars. E*TRADE ranks #5 out of 16 brokers for trading platforms and tools according to StockBrokers.com, whereas Ally Invest ranks at #10. For those looking for a more feature-rich experience, E*TRADE offers more advanced functionalities, making it the superior choice among the two.

Both E*TRADE and Ally Invest offer browser-based trading platforms but neither provides a Windows or Mac downloadable trading option. E*TRADE, however, differentiates itself with its paper trading feature, which Ally Invest lacks. E*TRADE also leads in offering a more comprehensive watch list with 43 columns compared to Ally Invest's 10. While both platforms allow notes and index overlays on charts, E*TRADE goes further with features like adjusting open orders directly on stock charts, showing historical trades, displaying corporate events, and setting custom date ranges.

When it comes to charting tools and customization, E*TRADE again offers more depth, with 121 technical indicators and 37 drawing tools, surpassing Ally Invest's 120 indicators and 36 drawing tools. Both platforms provide automated technical analysis and allow users to save multiple chart profiles, maintaining functionality for various trading strategies. Although neither E*TRADE nor Ally Invest offers the ability to create custom studies for charts, both support eight customization fields for editing SMA studies, ensuring a level playing field in this specific aspect.

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: 7 Best Brokerage Accounts for 2025, Best Paper Trading Platforms for 2025

Featured Offers


5/5 Stars

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Beginners and education

When exploring the educational resources offered by E*TRADE and Ally Invest for beginning investors, there are notable differences that can aid in making an informed choice. Both platforms provide education on essential investment areas such as stocks, ETFs, options, mutual funds, and bonds, ensuring a well-rounded foundation for new investors. However, E*TRADE distinguishes itself with additional resources like paper trading, educational videos, and webinars, which are not offered by Ally Invest. These features can be especially valuable for beginners looking to practice their trading skills and learn through visual and interactive content.

In terms of educational quality, E*TRADE boasts a 5-star rating and ranks #4 out of 16 brokers according to StockBrokers.com, while Ally Invest earns a respectable 4-star rating and ranks #8. Though both platforms lack features like educational quizzes or progress tracking, E*TRADE's additional offerings may make it a more appealing choice for those seeking a comprehensive learning experience. Ultimately, the choice between the two will depend on which educational tools and resources align best with your learning preferences and investment goals.

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 it comes to mobile stock trading apps, E*TRADE and Ally Invest both offer solid options for investors, but E*TRADE stands out with more advanced features. E*TRADE's app is highly rated, boasting a five-star rating and being ranked #4 out of 16 brokers by StockBrokers.com, while Ally Invest's app holds a four-star rating and is ranked #13. E*TRADE offers a more comprehensive suite of functionalities, like mobile after-hours trading, streaming quotes, and live TV, which Ally Invest doesn't provide. This makes E*TRADE more appealing for traders seeking dynamic, real-time market information on the go.

Both brokers provide iPhone and Android apps, but only E*TRADE extends its services to an Apple Watch app, allowing users even greater flexibility in tracking their investments. For technical analysis enthusiasts, E*TRADE significantly surpasses Ally Invest, offering 107 technical studies compared to none from Ally. Moreover, while both platforms allow the creation of custom watch lists, only E*TRADE lets users customize watch list columns, adding a layer of personalization and detailed tracking.

In charting capabilities, E*TRADE again takes the lead with features like after-hours charting, landscape mode viewing, and the ability to compare stocks on charts. Ally Invest, in contrast, lacks support for these crucial analytical tools. While both brokers support viewing multiple time frames, E*TRADE's comprehensive feature set clearly offers more to those looking for a flexible, in-depth trading experience via mobile app.

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 it comes to market research capabilities, E*TRADE clearly stands out against Ally Invest. E*TRADE has been rated 5 stars for its market research services, and it ranks #2 out of 16 brokers, according to StockBrokers.com. In comparison, Ally Invest has been given 3.5 stars, occupying the #8 spot. E*TRADE offers a comprehensive range of research, including 8 downloadable PDF reports for stocks, along with the ability to access data across all investment types. Ally Invest, while providing solid research features, falls short in areas such as downloadable reports for ETFs and mutual funds, as well as a mutual fund screener for trade ideas. This more limited scope places it behind E*TRADE in terms of accessibility and depth of market insight.

Both E*TRADE and Ally Invest provide research options for stocks, ETFs, mutual funds, pink sheets, OTCBB, and bonds, making them well-rounded choices for investors aiming to diversify their portfolios. They each offer the capability to view portfolio allocation by asset class and conduct stock research using social media sentiment data, giving users a modern way to track their investments. However, neither broker currently offers ESG research, which means investors focused on sustainable and ethical investing may need to look elsewhere for those insights.

In terms of screening features, E*TRADE holds the upper hand. It delivers screeners for stocks, ETFs, mutual funds, and bonds, providing investors with valuable tools to generate trade ideas across various asset classes. Ally Invest offers similar screening options, but it lacks a mutual fund screener, which limits the breadth of research available to their customers. The availability of E*TRADE's comprehensive screeners, coupled with its extensive library of downloadable PDF research reports, makes it a more versatile and thorough option for investors seeking in-depth market analysis.

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 16 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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