tastytrade vs Ally Invest 2025
In this head to head comparison of tastytrade vs Ally Invest, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
In this head to head comparison of tastytrade vs Ally Invest, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
When deciding between tastytrade and Ally Invest, traders will find unique advantages with each platform's array of investment options. Tastytrade excels at offering fractional share trading, futures, and cryptocurrency, making it a strong choice for those interested in these specific markets. On the other hand, Ally Invest stands out with its OTC stocks, mutual funds, and advisor services, providing a more traditional investment array. Though both platforms shine in different areas, identifying your specific trading interests can help you choose the broker that aligns best with your investment goals.
Tastytrade provides users with access to stock, margin, options, futures, and cryptocurrency trading. Although it does not offer OTC stocks, mutual funds, or advisor services, tastytrade's allowance for fractional shares and crypto trading in four different coins adds to its appeal for investors looking to diversify in newer markets. The platform also supports both traditional and Roth IRA accounts, providing flexibility for retirement planning needs. For those traders focused on innovative trading products, tastytrade offers a satisfactory range of investment opportunities, earning it a four-star rating for Range of Investments.
Meanwhile, Ally Invest draws investors with a breadth of more conventional options, such as stock, margin, options, and mutual fund trading, alongside OTC stocks and advisor services. While it does not support fractional shares or direct crypto trading, its comprehensive investment options might cater to investors seeking a more traditional feel, supplemented by the added advantage of professional guidance. Offering both traditional and Roth IRA accounts, it makes retirement planning accessible. With its extensive list of available investment choices, Ally Invest secures a slight edge with a 4.5-star rating for Range of Investments and is ranked higher than tastytrade by StockBrokers.com.
Feature |
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Stock Trading | Yes | Yes |
Margin Trading | Yes | Yes |
Fractional Shares | Yes | No |
OTC Stocks | No | Yes |
Mutual Funds | No | Yes |
Options Trading | Yes | Yes |
Futures Trading | Yes | No |
Crypto Trading | Yes | No |
Crypto Trading - Total Coins | 4 | 0 |
Range of Investments |
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Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025
When it comes to selecting a trading platform, tastytrade and Ally Invest offer clear distinctions in terms of downloadable platforms, charting tools, and overall functionalities. Tastytrade provides a more enriched experience with its downloadable trading platforms for both Windows and Mac users, whereas Ally Invest lacks this option entirely and is limited to a browser-based platform. If technical analysis is vital for your trading strategy, tastytrade takes the lead with 308 technical indicators compared to Ally Invest's 120. However, for investors who prefer a straightforward and minimalist approach, Ally might still meet your needs.
Delving deeper into customization, both brokers offer a range of tools such as the ability to add notes and index overlays to charts, showing historical trades, and saving multiple chart profiles. Tastytrade excels in allowing traders to adjust open orders directly on stock charts and provides a unique feature to display corporate events like earnings and dividends. Conversely, Ally Invest offers automated technical analysis, a feature absent in tastytrade, giving users automated insights into chart patterns. Despite these differences, both platforms miss out on offering features like paper trading and trading journals.
When it comes to tailor-made studies, tastytrade allows users to create custom studies for charting; a feature not available with Ally Invest. Even though both brokers offer customization options for their chart tools, tastytrade slightly edges out with its seven customization fields, while Ally Invest offers eight fields for customizing an SMA study. Overall, tastytrade garners a higher user rating of four stars compared to Ally's three stars, ranking #8 versus Ally's #10 in StockBrokers.com's review of trading platforms and tools.
Feature |
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Web Trading Platform | Yes | Yes |
Desktop Trading Platform | Yes | No |
Desktop Platform (Mac) | Yes | No |
Paper Trading | No | No |
Watch Lists - Total Fields | 33 | 10 |
Charting - Indicators / Studies | 308 | 120 |
Charting - Drawing Tools | 31 | 36 |
Platforms & Tools |
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Dive deeper: Best Online Brokerage Accounts for 2025, Best Paper Trading Platforms for 2025
When it comes to educating beginner investors, both tastytrade and Ally Invest offer comprehensive resources in the areas of stock and ETF learning. They also support options education, making them reliable choices for investors eager to learn about various investment avenues. However, tastytrade falls short in providing insights into mutual funds and bonds, areas where Ally Invest excels. While neither platform offers paper trading or educational videos, tastytrade stands out by hosting webinars and allowing users to track their learning progress, features not available with Ally Invest.
Despite their differences, both platforms earn a commendable four-star rating for education, indicating a quality offering overall. According to StockBrokers.com, Ally Invest slightly edges out tastytrade, ranking #8 compared to tastytrade's #10 position in a comparison of 15 brokers. This ranking reflects Ally Invest's broader educational scope, especially in mutual funds and bonds, whereas tastytrade's unique tracking and webinar features offer targeted learning benefits for novice investors.
Feature |
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Education (Stocks) | Yes | Yes |
Education (ETFs) | Yes | Yes |
Education (Options) | Yes | Yes |
Education (Mutual Funds) | No | Yes |
Education (Bonds) | No | Yes |
Paper Trading | No | No |
Videos | No | No |
Webinars | Yes | No |
Education |
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Dive deeper: Best Stock Trading Platforms for Beginners of 2025
When evaluating the stock trading apps of tastytrade and Ally Invest, both platforms provide solid experiences but differ in certain features and offerings. Tastytrade often stands out for more advanced users, boasting a higher rating of 4.5 stars for its app and ranked #10 by StockBrokers.com. Ally Invest, while still dependable with a 4-star rating, is ranked slightly lower at #13. Investors keen on in-depth chart analysis may favor tastytrade for its comprehensive charting functionalities, including landscape view and after-hours charting. Meanwhile, Ally Invest caters to those who might prioritize a straightforward trading experience.
Both tastytrade and Ally Invest have a presence on both iPhone and Android platforms, catering to a broad user base. However, neither has developed an app for the Apple Watch, which could be a consideration for users who prefer smartwatch integration. For those interested in trading during non-regular market hours, tastytrade provides after-hours stock trading capabilities, but it's unclear if Ally Invest offers the same feature. Additionally, both platforms support mobile options trading, but tastytrade elevates its offerings with streaming quotes, a feature not available with Ally Invest.
When it comes to charting, tastytrade excels with its ability to view multiple time frames and customize watch list columns. However, it matches Ally Invest by not providing technical studies or stock comparisons on charts in their mobile apps. Neither app supports streaming live TV or videos on demand, and neither provides stock alerts. Investors seeking to create customized watch lists can do so with both apps, although tastytrade offers more customization options, enhancing the overall user experience for those focused on detailed stock monitoring.
Feature |
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iPhone App | Yes | Yes |
Android App | Yes | Yes |
Apple Watch App | No | No |
Stock Alerts | No | No |
Charting - After-Hours | Yes | No |
Charting - Technical Studies | 0 | 0 |
Mobile Trading Apps |
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Dive deeper: Best Stock Trading Apps for 2025
When choosing between online brokers tastytrade and Ally Invest, it's essential to examine their fee structures to find the best fit for your investment needs. Both platforms offer commission-free trading for regular stock trades and do not require a minimum deposit to open an account, making either choice accessible for new investors. However, while they both charge $0.50 per options contract, tastytrade generally has lower margin rates across various balance tiers compared to Ally Invest. On the other hand, Ally Invest emerges as the more cost-effective option for several fees, including account transfers and options exercise and assignment fees.
Diving into account-specific charges, tastytrade and Ally Invest both waive any annual fees for IRA accounts, helping investors save in the long term. However, if you decide to close your IRA, Ally Invest charges a lower closure fee of $25 compared to tastytrade's $60. Additionally, Ally Invest has more favorable rates for account transfers, with partial and full transfers priced at $50, whereas tastytrade charges $75 for each of these services.
When considering margin rates, tastytrade edges out with lower interest percentages compared to Ally Invest. For margin balances under $25,000, tastytrade sets the rate at 11%, while Ally Invest charges 13%. As balances increase, tastytrade continues to offer competitive rates—specifically 10.5% for balances between $25,000 and $49,999 and 10% for balances between $50,000 and $99,999. In contrast, Ally Invest's rates are higher at 12.75% and 12% for the same tiers, respectively. Hence, for those heavily involved in options trading or requiring margin, understanding these fee structures can greatly impact the total cost of investing with either broker.
Feature |
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Minimum Deposit | $0.00 | $0.00 |
Stock Trades | $0.00 | $0.00 |
Options (Per Contract) | $0.50 | $0.50 |
Options Exercise Fee | $5.00 | $0.00 |
Options Assignment Fee | $5.00 | $0.00 |
IRA Annual Fee | $0.00 | $0.00 |
IRA Closure Fee | $60.00 | $25.00 |
Dive deeper: Best Free Trading Platforms for 2025
When comparing tastytrade and Ally Invest for day trading, you’ll find distinct differences in their feature offerings. Tastytrade provides streaming live TV, which can be beneficial for traders looking to stay updated with market news and trends directly through their trading platform. On the other hand, Ally Invest doesn’t offer this feature. While neither platform offers streaming time and sales for stocks or direct market routing, tastytrade stands out with its ladder trading capability, which could appeal to traders interested in visualizing order flow and executing trades quickly. Both platforms do not support trading hotkeys for keyboard trade entry or level 2 quotes, which may be a consideration for day traders who rely on these tools. Furthermore, neither broker provides options for either basic or advanced strategy backtesting, which could be a drawback for traders who like to test their strategies before going live.
In terms of short-selling capabilities, tastytrade provides a short locator tool, allowing users to view the real-time availability of shares available to short by security, a feature not available with Ally Invest. Both brokers do not offer order liquidity rebates, which may affect traders looking for cost efficiencies in high-frequency trading. Ultimately, while tastytrade offers unique features like streaming live TV and a short locator tool, Ally Invest may appeal to traders who don’t require these extras and prefer a more straightforward trading platform. The choice between tastytrade and Ally Invest will largely depend on the specific needs and priorities of the day trader in question.
Feature |
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Streaming Time & Sales | No | No |
Streaming TV | Yes | No |
Direct Market Routing - Stocks | No | No |
Level 2 Quotes - Stocks | No | No |
Trade Ideas - Backtesting | No | No |
Trade Ideas - Backtesting Adv | No | No |
Short Locator | Yes | No |
Dive deeper: Best Day Trading Platforms for 2025
When comparing the market research capabilities of tastytrade and Ally Invest, it's clear that Ally Invest takes the lead. Both platforms offer research for stocks and ETFs, and they provide the ability to see portfolio allocation by asset class. However, Ally Invest extends its research services further by covering mutual funds, pink sheets/OTCBB, and bonds, which tastytrade does not. These additional offerings make Ally Invest a more comprehensive choice for investors seeking extensive market research tools.
Ally Invest not only provides insights into a wider variety of financial products, but it also integrates advanced features like a stock screener for investment ideas and the use of social media sentiment data in its research. Though neither platform offers downloadable PDF research reports or ESG data, Ally Invest's additional tools and resources give it an edge. On the other hand, tastytrade's market research capabilities are more selective, focusing primarily on stocks and ETFs without the added benefits found at Ally Invest.
Given these distinctions, it's not surprising that Ally Invest is rated 3.5 out of 5 stars for its market research offerings, while tastytrade scores only 1.5 stars. This difference reflects their rankings by StockBrokers.com, where Ally Invest stands at #8 out of 15 brokers, compared to tastytrade's #13 position. For investors wanting more thorough market insights, Ally Invest presents a stronger case as a go-to platform.
Feature |
|
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Research - Stocks | Yes | Yes |
Screener - Stocks | No | Yes |
Research - ETFs | Yes | Yes |
Screener - ETFs | No | Yes |
Research - Mutual Funds | No | Yes |
Screener - Mutual Funds | No | No |
Research - Bonds | No | Yes |
Screener - Bonds | No | Yes |
Research |
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When it comes to banking capabilities, Ally Invest stands out with a wide range of services that tastytrade does not offer. Ally Invest provides traditional banking options such as checking and savings accounts, along with debit and credit cards, which can make day-to-day transactions easier for their customers. Additionally, Ally Invest includes mortgage loans and Certificates of Deposit (CDs) as part of their offerings, giving users more ways to manage and grow their finances. In contrast, tastytrade does not provide any of these banking services, focusing instead on investment opportunities. Therefore, if you're looking for a blend of investment and banking services, Ally Invest may be the more comprehensive choice.
Feature |
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Checking Accounts | No | Yes |
Savings Accounts | No | Yes |
Debit Cards | No | Yes |
Credit Cards | No | Yes |
Mortgage Loans | No | Yes |
CDs | No | Yes |
Dive deeper: Best Bank Accounts for Trading Stocks for 2025
After opening live accounts and testing 15 of the best online brokers, our research and live account testing finds that tastytrade is better than Ally Invest. tastytrade finished with an overall score of 80.1%, while Ally Invest finished with a score of 80.1%.
tastytrade isn’t for every investor, but its platform is ideal for frequent options and futures traders, offering efficient workflow, useful risk management tools, killer design, and online content that makes you feel like you’re on a trading desk.
When comparing tastytrade and Ally Invest for crypto trading, tastytrade stands out by offering crypto trading with access to 4 different coins, whereas Ally Invest does not provide any options for trading cryptocurrencies.
Dive deeper: Best Online Brokers for Crypto Trading in 2025
Both tastytrade and Ally Invest offer traditional and Roth IRA accounts with no annual fees, but tastytrade charges a $60 closure fee while Ally Invest charges only $25 for closing IRA accounts.
Dive deeper: Best IRA Accounts for 2025
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0 of 5Overall Rating | tastytrade | Ally Invest | |
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Platforms & Tools |
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Mobile Trading Apps |
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Research |
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Customer Service |
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Education |
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Ease Of Use |
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Winner | check_circle | ||
Review | tastytrade Review | Ally Invest Review |
Broker Screenshots | tastytrade | Ally Invest | |
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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 | tastytrade | Ally Invest | |
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Minimum Deposit | $0.00 | $0.00 | |
Stock Trades | $0.00 | $0.00 | |
Penny Stock Fees (OTC) | N/A | $4.95 | |
Mutual Fund Trade Fee | N/A | $0.00 | |
Options (Per Contract) | $0.50 | $0.50 | |
Futures (Per Contract) | $1.25 | (Not offered) | |
Broker Assisted Trade Fee | $0 | $20 |
Margin Rates | tastytrade | Ally Invest | |
---|---|---|---|
Margin Rate Under $25,000 | 11% | 13% | |
Margin Rate $25,000 to $49,999.99 | 10.5% | 12.75% | |
Margin Rate $50,000 to $99,999.99 | 10% | 12% | |
Margin Rate $100,000 to $249,999.99 | 9.5% | 10.75% | |
Margin Rate $250,000 to $499,999.99 | 9% | 9.75% | |
Margin Rate $500,000 to $999,999.99 | 8.5% | 9.25% | |
Margin Rate Above $1,000,000 | 8% | 8.5% |
Account Fees | tastytrade | Ally Invest | |
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IRA Annual Fee | $0.00 | $0.00 | |
IRA Closure Fee | $60.00 | $25.00 | |
Account Transfer Out (Partial) | $75.00 | $50.00 | |
Account Transfer Out (Full) | $75.00 | $50.00 | |
Options Exercise Fee | $5.00 | $0.00 | |
Options Assignment Fee | $5.00 | $0.00 |
Investment Options | tastytrade | Ally Invest | |
---|---|---|---|
Stock Trading | Yes | Yes | |
Margin Trading | Yes | Yes | |
Fractional Shares | Yes | No | |
OTC Stocks | No | Yes | |
Options Trading | Yes | Yes | |
Complex Options Max Legs | 4 | 4 | |
Futures Trading | Yes | No | |
Forex Trading | No | No | |
Crypto Trading | Yes | No | |
Crypto Trading - Total Coins | 4 | 0 | |
Mutual Funds (No Load) | 0 | 13000 | |
Mutual Funds (Total) | 0 | 14000 | |
Bonds (US Treasury) | No | Yes | |
Bonds (Corporate) | No | Yes | |
Bonds (Municipal) | No | Yes | |
Traditional IRAs | Yes | Yes | |
Roth IRAs | Yes | Yes | |
Advisor Services | No | Yes | |
International Countries (Stocks) | 0 | 0 |
Order Types | tastytrade | Ally Invest | |
---|---|---|---|
Order Type - Market | Yes | Yes | |
Order Type - Limit | Yes | Yes | |
Order Type - After Hours | Yes | Yes | |
Order Type - Stop | Yes | Yes | |
Order Type - Trailing Stop | No | No | |
Order Type - OCO | Yes | No | |
Order Type - OTO | Yes | No | |
Order Type - Broker Assisted | Yes | Yes |
Beginners | tastytrade | Ally Invest | |
---|---|---|---|
Education (Stocks) | Yes | Yes | |
Education (ETFs) | Yes | Yes | |
Education (Options) | Yes | Yes | |
Education (Mutual Funds) | No | Yes | |
Education (Bonds) | No | Yes | |
Education (Retirement) | No | Yes | |
Retirement Calculator | No | No | |
Investor Dictionary | Yes | Yes | |
Paper Trading | No | No | |
Videos | No | No | |
Webinars | Yes | No | |
Webinars (Archived) | Yes | Yes | |
Progress Tracking | Yes | No | |
Interactive Learning - Quizzes | No | No |
Stock Trading Apps | tastytrade | Ally Invest | |
---|---|---|---|
iPhone App | Yes | Yes | |
Android App | Yes | Yes | |
Apple Watch App | No | No | |
Trading - Stocks | Yes | Yes | |
Trading - After-Hours | Yes | Yes | |
Trading - Simple Options | Yes | Yes | |
Trading - Complex Options | Yes | Yes | |
Order Ticket RT Quotes | Yes | Yes | |
Order Ticket SRT Quotes | Yes | No |
Stock App Features | tastytrade | Ally Invest | |
---|---|---|---|
Market Movers (Top Gainers) | Yes | Yes | |
Stream Live TV | No | No | |
Videos on Demand | No | No | |
Stock Alerts | No | No | |
Option Chains Viewable | Yes | Yes | |
Watch List (Real-time) | Yes | Yes | |
Watch List (Streaming) | Yes | No | |
Watch Lists - Create & Manage | Yes | Yes | |
Watch Lists - Column Customization | Yes | No |
Stock App Charting | tastytrade | Ally Invest | |
---|---|---|---|
Charting - After-Hours | Yes | No | |
Charting - Can Turn Horizontally | Yes | No | |
Charting - Multiple Time Frames | Yes | Yes | |
Charting - Technical Studies | 0 | 0 | |
Charting - Study Customizations | No | No | |
Charting - Stock Comparisons | No | No |
Trading Platforms | tastytrade | Ally Invest | |
---|---|---|---|
Active Trading Platform | tastytrade | N/A | |
Desktop Trading Platform | Yes | No | |
Desktop Platform (Mac) | Yes | No | |
Web Trading Platform | Yes | Yes | |
Paper Trading | No | No | |
Trade Journal | No | No | |
Watch Lists - Total Fields | 33 | 10 |
Stock Chart Features | tastytrade | Ally Invest | |
---|---|---|---|
Charting - Adjust Trades on Chart | Yes | No | |
Charting - Indicators / Studies | 308 | 120 | |
Charting - Drawing Tools | 31 | 36 | |
Charting - Notes | Yes | Yes | |
Charting - Index Overlays | Yes | Yes | |
Charting - Historical Trades | Yes | No | |
Charting - Corporate Events | Yes | No | |
Charting - Custom Date Range | No | No | |
Charting - Custom Time Bars | No | No | |
Charting - Automated Analysis | No | Yes | |
Charting - Save Profiles | Yes | Yes | |
Trade Ideas - Technical Analysis | No | Yes | |
Charting - Study Customizations | 7 | 8 | |
Charting - Custom Studies | Yes | No |
Day Trading | tastytrade | Ally Invest | |
---|---|---|---|
Streaming Time & Sales | No | No | |
Streaming TV | Yes | No | |
Direct Market Routing - Stocks | No | No | |
Ladder Trading | Yes | No | |
Trade Hotkeys | No | No | |
Level 2 Quotes - Stocks | No | No | |
Trade Ideas - Backtesting | No | No | |
Trade Ideas - Backtesting Adv | No | No | |
Short Locator | Yes | No | |
Order Liquidity Rebates | No | No |
Research Overview | tastytrade | Ally Invest | |
---|---|---|---|
Research - Stocks | Yes | Yes | |
Research - ETFs | Yes | Yes | |
Research - Mutual Funds | No | Yes | |
Research - Pink Sheets / OTCBB | No | Yes | |
Research - Bonds | No | Yes | |
Screener - Stocks | No | Yes | |
Screener - ETFs | No | Yes | |
Screener - Mutual Funds | No | No | |
Screener - Bonds | No | Yes | |
Misc - Portfolio Allocation | Yes | Yes |
Stock Research | tastytrade | Ally Invest | |
---|---|---|---|
Stock Research - PDF Reports | 0 | 0 | |
Stock Research - Earnings | No | No | |
Stock Research - Insiders | No | Yes | |
Stock Research - Social | No | Yes | |
Stock Research - News | Yes | Yes | |
Stock Research - ESG | No | No | |
Stock Research - SEC Filings | No | No |
ETF Research | tastytrade | Ally Invest | |
---|---|---|---|
ETFs - Strategy Overview | No | Yes | |
ETF Fund Facts - Inception Date | No | No | |
ETF Fund Facts - Expense Ratio | No | Yes | |
ETF Fund Facts - Net Assets | No | Yes | |
ETF Fund Facts - Total Holdings | No | No | |
ETFs - Top 10 Holdings | No | Yes | |
ETFs - Sector Exposure | No | No | |
ETFs - Risk Analysis | Yes | No | |
ETFs - Ratings | No | Yes | |
ETFs - Morningstar StyleMap | No | No | |
ETFs - PDF Reports | No | No |
Mutual Fund Research | tastytrade | Ally Invest | |
---|---|---|---|
Mutual Funds - Strategy Overview | No | Yes | |
Mutual Funds - Performance Chart | No | Yes | |
Mutual Funds - Performance Analysis | No | No | |
Mutual Funds - Prospectus | No | No | |
Mutual Funds - 3rd Party Ratings | No | Yes | |
Mutual Funds - Fees Breakdown | No | No | |
Mutual Funds - Top 10 Holdings | No | Yes | |
Mutual Funds - Asset Allocation | No | No | |
Mutual Funds - Sector Allocation | No | Yes | |
Mutual Funds - Country Allocation | No | No | |
Mutual Funds - StyleMap | No | No |
Options Trading | tastytrade | Ally Invest | |
---|---|---|---|
Option Chains - Basic View | Yes | Yes | |
Option Chains - Strategy View | Yes | Yes | |
Option Chains - Streaming | Yes | Yes | |
Option Chains - Total Columns | 20 | 8 | |
Option Chains - Greeks | 5 | 5 | |
Option Chains - Quick Analysis | Yes | Yes | |
Option Analysis - P&L Charts | Yes | No | |
Option Probability Analysis | Yes | Yes | |
Option Probability Analysis Adv | Yes | No | |
Option Positions - Greeks | Yes | Yes | |
Option Positions - Greeks Streaming | Yes | No | |
Option Positions - Adv Analysis | Yes | No | |
Option Positions - Rolling | Yes | No | |
Option Positions - Grouping | Yes | Yes |
Banking | tastytrade | Ally Invest | |
---|---|---|---|
Bank (Member FDIC) | No | Yes | |
Checking Accounts | No | Yes | |
Savings Accounts | No | Yes | |
Credit Cards | No | Yes | |
Debit Cards | No | Yes | |
Mortgage Loans | No | Yes |
Customer Service | tastytrade | Ally Invest | |
---|---|---|---|
Phone Support (Prospect Customers) | Yes | Yes | |
Phone Support (Current Customers) | Yes | Yes | |
Email Support | Yes | Yes | |
Live Chat (Prospect Customers) | Yes | No | |
Live Chat (Current Customers) | Yes | Yes | |
24/7 Support | No | Yes |
Overall | tastytrade | Ally Invest | |
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Overall |
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Platforms & Tools |
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Mobile Trading Apps |
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Research |
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Education |
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Ease Of Use |
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Winner | check_circle | ||
Review | tastytrade Review | Ally Invest Review |