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TradeStation vs Ally Invest 2025

StockBrokers.com

Written by StockBrokers.com

February 20, 2025

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

TradeStation
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.60
Ally Invest
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.50

Range of investments

In a matchup between TradeStation and Ally Invest, both platforms offer solid investment options with their own unique strengths. They each provide tools for traditional stock and options trading, as well as avenues to invest in mutual funds and over-the-counter (OTC) stocks. However, TradeStation stands out for its inclusion of futures trading, while Ally Invest shines by featuring advisor services to guide investors. Both services fall short by not offering crypto trading or fractional share trading, which should be considered if these features are priorities for investors.

TradeStation and Ally Invest are both excellent choices for stock trading, supporting investors with options to trade on margin and invest in mutual funds. Additionally, they match each other by offering traditional and Roth IRA accounts for retirement planning, though neither provides access to currency markets or cryptocurrency investments. For those interested in futures, TradeStation is the go-to choice. On the other hand, Ally Invest differentiates itself by offering advisory services, which could be important for those looking for expert guidance.

Both TradeStation and Ally Invest boast ratings of 4.5 stars for the range of investments they offer, according to StockBrokers.com. TradeStation grabs a higher position, ranked at #5 compared to Ally Invest’s #8 out of 16 brokers evaluated. This puts TradeStation slightly ahead when it comes to a comprehensive range of investment opportunities, though the difference may be negligible depending on specific needs and preferences. Whether you prioritize comprehensive trading options or advisory services, both platforms deliver strong offerings for a variety of investor types.

Feature TradeStation logoTradeStation
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 comparing TradeStation and Ally Invest in terms of their trading platforms and tools, TradeStation emerges as the more highly-rated choice. It provides a comprehensive suite of features that cater to both novice and experienced traders, with a 4.5-star rating for its trading platforms and tools versus Ally Invest’s 3-star rating. TradeStation is ranked 3rd out of 16 brokers by StockBrokers.com for trading platforms and tools, significantly outperforming Ally Invest, which stands at 10th place. This makes TradeStation a stronger option for those seeking advanced trading capabilities and a more robust trading experience.

TradeStation offers a Windows desktop downloadable trading platform, which can be a deciding factor for Windows users. Ally Invest lacks a desktop option entirely, operating solely on a browser-based platform. Both brokers provide browser-based trading options, but TradeStation includes the added benefits of paper trading and the ability to customize open orders directly on stock charts, a feature absent in Ally Invest. Watch lists in TradeStation are robust with 341 available columns compared to the 10 provided by Ally Invest, allowing for more detailed and tailored market analysis.

Charting capabilities further highlight the differences between these platforms. TradeStation offers 294 technical indicators and 23 drawing tools, while Ally Invest provides 120 and 36, respectively. Both brokers allow users to add notes and index overlays to charts, but TradeStation also enables the display of historical trades, corporate events, and automated technical analysis. In terms of customization, TradeStation offers more flexibility with features like custom date ranges and the ability to create custom studies, providing 12 customization fields for SMA studies compared to Ally Invest’s eight.

Feature TradeStation logoTradeStation
Ally Invest logoAlly Invest
Web Trading Platform info Yes Yes
Desktop Trading Platform info Yes No
Desktop Platform (Mac) info No No
Paper Trading info Yes No
Watch Lists - Total Fields info 341 10
Charting - Indicators / Studies info 294 120
Charting - Drawing Tools info 23 36
Platforms & Tools 4.5/5 Stars 3/5 Stars

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

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Beginners and education

When it comes to educating beginner investors, TradeStation and Ally Invest both showcase unique strengths. TradeStation offers resources like educational videos and webinars to help users understand stock trading and options. Additionally, it caters to beginners by providing paper trading to help users gain hands-on experience without financial risk. However, TradeStation lacks resources in areas like ETFs, mutual funds, and bonds, making it less comprehensive for investors seeking education across multiple investment types. With a three-star education rating, it is positioned lower in educational resources compared to its competitors.

Ally Invest, on the other hand, provides a wider array of educational content, including coverage on stocks, ETFs, mutual funds, bonds, and options, making it a more versatile choice for diverse investor learning needs. While it does not offer paper trading or interactive learning tools like quizzes, its comprehensive educational scope earns it a four-star rating. Ally Invest is also ranked higher by StockBrokers.com for its educational offerings. Investors, especially those interested in learning about multiple asset types, will find Ally Invest a more well-rounded educational platform.

Feature TradeStation logoTradeStation
Ally Invest logoAlly Invest
Education (Stocks) info Yes Yes
Education (ETFs) info No Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info No Yes
Education (Bonds) info No Yes
Paper Trading info Yes No
Videos info Yes No
Webinars info Yes No
Education 3/5 Stars 4/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2025

Stock trading apps

When comparing the mobile stock trading apps of TradeStation and Ally Invest, TradeStation holds a slight edge due to its more advanced features. Both platforms provide iPhone and Android apps, ensuring broad accessibility. However, TradeStation goes beyond with offerings like mobile after-hours stock trading, mobile options trading, and stock alerts, which are not all available with Ally Invest. Moreover, TradeStation is distinct with features such as streaming quotes and the ability to customize watch list columns. It is also better rated with 4.5 stars and is ranked higher by StockBrokers.com at #8, compared to Ally Invest's 4 stars and #13 ranking.

For users looking for a comprehensive app experience, TradeStation provides tools for in-depth analysis through 45 technical studies available for charting, where Ally Invest falls short with none. Both platforms support the creation of custom watch lists and allow viewing of multiple time frames for charting but lack features like streaming live TV, videos on demand, and landscape mode chart viewing.

Neither platform offers an Apple Watch app or the capability to display stock comparisons on mobile charts. While both are reliable choices, TradeStation stands out for traders who prioritize more detailed data analysis and customization options on-the-go.

Feature TradeStation logoTradeStation
Ally Invest logoAlly Invest
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info No No
Stock Alerts info Yes No
Charting - After-Hours info Yes No
Charting - Technical Studies info 45 0
Mobile Trading Apps 4.5/5 Stars 4/5 Stars

Dive deeper: Best Stock Trading Apps for 2025

Fees

When comparing the account fees and charges of TradeStation and Ally Invest, Ally Invest tends to offer more cost-effective options for the everyday investor. Both brokers have no minimum deposit requirement and charge nothing for regular stock trades, making them accessible to beginners. However, when it comes to other fees, Ally Invest generally has lower costs. This includes options contracts at $0.50 each compared to TradeStation's $0.60, and no charges for IRA annual fees or options-related actions, unlike TradeStation, which has higher fees in these areas.

As for margin balances, both brokers charge 13% for balances below $25,000, but Ally Invest offers a more competitive rate for larger balances, such as 12.75% for accounts between $25,000 and $49,999, and 12% for accounts between $50,000 and $99,999. In comparison, TradeStation rates are slightly higher for these tiers. Additionally, Ally Invest does not have annual IRA fees, while TradeStation charges $35 annually and processes IRA closures at a $50 fee compared to Ally’s $25 fee.

Account transfers and options-related fees also highlight differences between the two brokers. While TradeStation charges a hefty $125 for both full and partial account transfers, Ally Invest makes these transfers more affordable at $50 each. For options exercise and assignment, Ally Invest charges nothing, whereas TradeStation asks for $14.95 for exercises and $5.95 for assignments. Hence, Ally Invest surfaces as a more budget-friendly choice, especially for active traders dealing with options and investors considering IRAs.

Feature TradeStation logoTradeStation
Ally Invest logoAlly Invest
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Options (Per Contract) info $0.60 $0.50
Options Exercise Fee info $14.95 $0.00
Options Assignment Fee info $5.95 $0.00
IRA Annual Fee info $35.00 $0.00
IRA Closure Fee info $50.00 $25.00

Dive deeper: Best Free Trading Platforms for 2025

Day Trading

When evaluating day trading platforms tailored for active traders, TradeStation and Ally Invest often find themselves compared. TradeStation shines in features critical for day trading, offering streaming time and sales for stocks, allowing for real-time data crucial for making informed decisions. While Ally Invest lacks this feature, TradeStation also provides direct market routing, ladder trading, and trading hotkeys, enhancing control and speed in executing trades. Furthermore, both platforms do not offer streaming live TV, but TradeStation offers level 2 quotes, a vital tool for day traders seeking in-depth market data to refine their strategies.

TradeStation further distinguishes itself with its comprehensive backtesting capabilities, supporting both basic and advanced strategies, which allow traders to test their ideas against historical data. This is complemented by a short locator tool, providing real-time availability of shares available to short—another feature absent in Ally Invest. Traders on TradeStation can also benefit from order liquidity rebates, adding a financial incentive to their trading activities. In contrast, Ally Invest does not offer these features, making TradeStation a more formidable option for individuals or day traders needing a feature-rich environment.

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

Dive deeper: Best Day Trading Platforms for 2025

Market Research

In the realm of market research, Ally Invest emerges as a more comprehensive option compared to TradeStation. While both platforms provide essential stock and ETF research capabilities, Ally Invest extends its services to include mutual funds and bonds research, which TradeStation lacks. Additionally, Ally Invest offers a user-friendly feature to analyze social media sentiment for stocks, enhancing its research depth. While both providers allow users to view portfolio allocation by asset class, the overall experience and breadth of research tools result in Ally Invest earning a higher rating of 3.5 stars compared to TradeStation's 2 stars, as reviewed by StockBrokers.com.

Both TradeStation and Ally Invest offer basic market research utilities, including stock and ETF research, making them suitable for casual investors who want to stay informed about general market trends. However, when it comes to more specialized areas such as bonds and mutual funds, Ally Invest stands out by providing necessary research materials, whereas TradeStation falls short. Neither platform offers downloadable PDF research reports for stocks, ETFs, or mutual funds, maintaining a straightforward digital interface for research consumption.

TradeStation does provide a stock screener for generating trade ideas, but it misses out on the ETF and bond screener options that are available with Ally Invest. This distinction makes Ally Invest a preferable choice for investors seeking diversified research tools. Ultimately, with a higher ranking at StockBrokers.com, Ally Invest proves to be a more versatile platform for investors who value a wider range of research insights and tools beyond basic stock and ETF data.

Feature TradeStation logoTradeStation
Ally Invest logoAlly Invest
Research - Stocks info Yes Yes
Screener - Stocks info Yes Yes
Research - ETFs info Yes Yes
Screener - ETFs info No Yes
Research - Mutual Funds info No Yes
Screener - Mutual Funds info No No
Research - Bonds info No Yes
Screener - Bonds info No Yes
Research 2/5 Stars 3.5/5 Stars

Banking

When comparing the banking capabilities of TradeStation and Ally Invest, there are clear differences. Ally Invest shines in this area, offering a wide range of banking services that TradeStation does not. If you're looking for a company that supports checking and savings accounts, Ally Invest is your go-to as it provides both. Additionally, Ally Invest also offers debit and credit cards, which are not available through TradeStation. For those interested in mortgage loans, Ally Invest again has the upper hand, providing options that TradeStation lacks. Lastly, if you're considering certificates of deposit (CDs) as a savings option, you'll find them at Ally Invest, but not at TradeStation. Overall, Ally Invest proves to be the stronger choice for anyone seeking a comprehensive suite of banking services alongside their investment platform.

Feature TradeStation logoTradeStation
Ally Invest logoAlly Invest
Checking Accounts info No Yes
Savings Accounts info No Yes
Debit Cards info No Yes
Credit Cards info No Yes
Mortgage Loans info No Yes
CDs info No 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 TradeStation is better than Ally Invest. TradeStation finished with an overall score of 80.2%, while Ally Invest finished with a score of 80.1%.

TradeStation supports casual traders through its web-based platform and active traders through its desktop platform. We like the web-based platform and mobile app, but the flagship desktop platform could use a refresh.

FAQs

Can you trade cryptocurrency with TradeStation or Ally Invest?

Both TradeStation and Ally Invest do not offer crypto trading, providing zero coins for investors interested in digital currencies.

Dive deeper: Best Online Brokers for Crypto Trading in 2025

Does TradeStation or Ally Invest offer IRAs?

Both TradeStation and Ally Invest offer traditional and Roth IRA accounts, making them viable options for retirement planning. However, potential investors should note that TradeStation charges a $35 annual fee and a $50 closure fee for IRA accounts, whereas Ally Invest offers free management with no annual fees and a lower closure fee of $25, providing a more cost-effective solution for users.

Dive deeper: Best IRA Accounts for 2025

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Compare

0 of 5
Overall Rating TradeStation Ally Invest
Overall 4/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 4.5/5 Stars
Platforms & Tools 4.5/5 Stars 3/5 Stars
Mobile Trading Apps 4.5/5 Stars 4/5 Stars
Research 2/5 Stars 3.5/5 Stars
Customer Service 3.5/5 Stars 4/5 Stars
Education 3/5 Stars 4/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review TradeStation Review Ally Invest Review
Broker Screenshots TradeStation 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 TradeStation Ally Invest
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Penny Stock Fees (OTC) info $0.01 info $4.95
Mutual Fund Trade Fee info $14.95 $0.00
Options (Per Contract) info $0.60 $0.50
Futures (Per Contract) info $1.50 (Not offered)
Broker Assisted Trade Fee info $25 $20
Margin Rates TradeStation Ally Invest
Margin Rate Under $25,000 info 13.0% 13%
Margin Rate $25,000 to $49,999.99 info 13.0% 12.75%
Margin Rate $50,000 to $99,999.99 info 12.5% 12%
Margin Rate $100,000 to $249,999.99 info 12.0% 10.75%
Margin Rate $250,000 to $499,999.99 info 12.0% 9.75%
Margin Rate $500,000 to $999,999.99 info 7.5% info 9.25%
Margin Rate Above $1,000,000 info 7.5% info 8.5%
Account Fees TradeStation Ally Invest
IRA Annual Fee info $35.00 $0.00
IRA Closure Fee info $50.00 $25.00
Account Transfer Out (Partial) info $125.00 $50.00
Account Transfer Out (Full) info $125.00 $50.00
Options Exercise Fee info $14.95 $0.00
Options Assignment Fee info $5.95 $0.00
Investment Options TradeStation 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 800 13000
Mutual Funds (Total) info 4000 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 No Yes
International Countries (Stocks) info 0 0
Order Types TradeStation 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 TradeStation Ally Invest
Education (Stocks) info Yes Yes
Education (ETFs) info No Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info No Yes
Education (Bonds) info No Yes
Education (Retirement) info No Yes
Retirement Calculator info No No
Investor Dictionary info No 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 TradeStation Ally 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 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 TradeStation Ally Invest
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info No 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 TradeStation Ally Invest
Charting - After-Hours info Yes No
Charting - Can Turn Horizontally info No No
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 45 0
Charting - Study Customizations info Yes No
Charting - Stock Comparisons info No No
Trading Platforms TradeStation Ally Invest
Active Trading Platform info TradeStation 10 N/A
Desktop Trading Platform info Yes 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 341 10
Stock Chart Features TradeStation Ally Invest
Charting - Adjust Trades on Chart info Yes No
Charting - Indicators / Studies info 294 120
Charting - Drawing Tools info 23 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 Yes No
Charting - Automated Analysis info Yes Yes
Charting - Save Profiles info Yes Yes
Trade Ideas - Technical Analysis info Yes Yes
Charting - Study Customizations info 12 8
Charting - Custom Studies info Yes No
Day Trading TradeStation Ally Invest
Streaming Time & Sales info Yes No
Streaming TV info No No
Direct Market Routing - Stocks info Yes No
Ladder Trading info Yes No
Trade Hotkeys info Yes No
Level 2 Quotes - Stocks info Yes No
Trade Ideas - Backtesting info Yes No
Trade Ideas - Backtesting Adv info Yes No
Short Locator info Yes No
Order Liquidity Rebates info Yes No
Research Overview TradeStation Ally Invest
Research - Stocks info Yes Yes
Research - ETFs info Yes Yes
Research - Mutual Funds info No Yes
Research - Pink Sheets / OTCBB info Yes Yes
Research - Bonds info No Yes
Screener - Stocks info Yes Yes
Screener - ETFs info No Yes
Screener - Mutual Funds info No No
Screener - Bonds info No Yes
Misc - Portfolio Allocation info Yes Yes
Stock Research TradeStation Ally Invest
Stock Research - PDF Reports info 0 0
Stock Research - Earnings info No No
Stock Research - Insiders info No Yes
Stock Research - Social info No Yes
Stock Research - News info Yes Yes
Stock Research - ESG info No No
Stock Research - SEC Filings info No No
ETF Research TradeStation Ally Invest
ETFs - Strategy Overview info No Yes
ETF Fund Facts - Inception Date info No No
ETF Fund Facts - Expense Ratio info No Yes
ETF Fund Facts - Net Assets info No Yes
ETF Fund Facts - Total Holdings info No No
ETFs - Top 10 Holdings info No Yes
ETFs - Sector Exposure info No No
ETFs - Risk Analysis info No No
ETFs - Ratings info No Yes
ETFs - Morningstar StyleMap info No No
ETFs - PDF Reports info No No
Mutual Fund Research TradeStation Ally Invest
Mutual Funds - Strategy Overview info No Yes
Mutual Funds - Performance Chart info No Yes
Mutual Funds - Performance Analysis info No No
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 No Yes
Mutual Funds - Asset Allocation info No No
Mutual Funds - Sector Allocation info No Yes
Mutual Funds - Country Allocation info No No
Mutual Funds - StyleMap info No No
Options Trading TradeStation 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 29 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 TradeStation Ally Invest
Bank (Member FDIC) info No Yes
Checking Accounts info No Yes
Savings Accounts info No Yes
Credit Cards info No Yes
Debit Cards info No Yes
Mortgage Loans info No Yes
Customer Service TradeStation 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 Yes No
Live Chat (Current Customers) info Yes Yes
24/7 Support info No Yes
Overall TradeStation Ally Invest
Overall 4/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 4.5/5 Stars
Platforms & Tools 4.5/5 Stars 3/5 Stars
Mobile Trading Apps 4.5/5 Stars 4/5 Stars
Research 2/5 Stars 3.5/5 Stars
Education 3/5 Stars 4/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review TradeStation Review Ally Invest Review
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