TradeStation vs Ally Invest 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.
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.
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 |
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Stock Trading | Yes | Yes |
Margin Trading | Yes | Yes |
Fractional Shares | No | No |
OTC Stocks | Yes | Yes |
Mutual Funds | Yes | Yes |
Options Trading | Yes | Yes |
Futures Trading | Yes | No |
Crypto Trading | No | No |
Crypto Trading - Total Coins | 0 | 0 |
Range of Investments |
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Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025
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 |
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Web Trading Platform | Yes | Yes |
Desktop Trading Platform | Yes | No |
Desktop Platform (Mac) | No | No |
Paper Trading | Yes | No |
Watch Lists - Total Fields | 341 | 10 |
Charting - Indicators / Studies | 294 | 120 |
Charting - Drawing Tools | 23 | 36 |
Platforms & Tools |
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Dive deeper: 7 Best Brokerage Accounts for 2025, Best Paper Trading Platforms for 2025
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 |
|
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Education (Stocks) | Yes | Yes |
Education (ETFs) | No | Yes |
Education (Options) | Yes | Yes |
Education (Mutual Funds) | No | Yes |
Education (Bonds) | No | Yes |
Paper Trading | Yes | No |
Videos | Yes | No |
Webinars | Yes | No |
Education |
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Dive deeper: Best Stock Trading Platforms for Beginners of 2025
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 |
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iPhone App | Yes | Yes |
Android App | Yes | Yes |
Apple Watch App | No | No |
Stock Alerts | Yes | No |
Charting - After-Hours | Yes | No |
Charting - Technical Studies | 45 | 0 |
Mobile Trading Apps |
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Dive deeper: Best Stock Trading Apps for 2025
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 |
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Minimum Deposit | $0.00 | $0.00 |
Stock Trades | $0.00 | $0.00 |
Options (Per Contract) | $0.60 | $0.50 |
Options Exercise Fee | $14.95 | $0.00 |
Options Assignment Fee | $5.95 | $0.00 |
IRA Annual Fee | $35.00 | $0.00 |
IRA Closure Fee | $50.00 | $25.00 |
Dive deeper: Best Free Trading Platforms for 2025
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 |
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Streaming Time & Sales | Yes | No |
Streaming TV | No | No |
Direct Market Routing - Stocks | Yes | No |
Level 2 Quotes - Stocks | Yes | No |
Trade Ideas - Backtesting | Yes | No |
Trade Ideas - Backtesting Adv | Yes | No |
Short Locator | Yes | No |
Dive deeper: Best Day Trading Platforms for 2025
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 |
|
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Research - Stocks | Yes | Yes |
Screener - Stocks | Yes | 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 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 |
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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 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.
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
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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0 of 5Overall Rating | TradeStation | 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 | TradeStation Review | Ally Invest Review |
Broker Screenshots | TradeStation | 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 | TradeStation | Ally Invest | |
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Minimum Deposit | $0.00 | $0.00 | |
Stock Trades | $0.00 | $0.00 | |
Penny Stock Fees (OTC) | $0.01 | $4.95 | |
Mutual Fund Trade Fee | $14.95 | $0.00 | |
Options (Per Contract) | $0.60 | $0.50 | |
Futures (Per Contract) | $1.50 | (Not offered) | |
Broker Assisted Trade Fee | $25 | $20 |
Margin Rates | TradeStation | Ally Invest | |
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Margin Rate Under $25,000 | 13.0% | 13% | |
Margin Rate $25,000 to $49,999.99 | 13.0% | 12.75% | |
Margin Rate $50,000 to $99,999.99 | 12.5% | 12% | |
Margin Rate $100,000 to $249,999.99 | 12.0% | 10.75% | |
Margin Rate $250,000 to $499,999.99 | 12.0% | 9.75% | |
Margin Rate $500,000 to $999,999.99 | 7.5% | 9.25% | |
Margin Rate Above $1,000,000 | 7.5% | 8.5% |
Account Fees | TradeStation | Ally Invest | |
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IRA Annual Fee | $35.00 | $0.00 | |
IRA Closure Fee | $50.00 | $25.00 | |
Account Transfer Out (Partial) | $125.00 | $50.00 | |
Account Transfer Out (Full) | $125.00 | $50.00 | |
Options Exercise Fee | $14.95 | $0.00 | |
Options Assignment Fee | $5.95 | $0.00 |
Investment Options | TradeStation | Ally Invest | |
---|---|---|---|
Stock Trading | Yes | Yes | |
Margin Trading | Yes | Yes | |
Fractional Shares | No | No | |
OTC Stocks | Yes | Yes | |
Options Trading | Yes | Yes | |
Complex Options Max Legs | 4 | 4 | |
Futures Trading | Yes | No | |
Forex Trading | No | No | |
Crypto Trading | No | No | |
Crypto Trading - Total Coins | 0 | 0 | |
Mutual Funds (No Load) | 800 | 13000 | |
Mutual Funds (Total) | 4000 | 14000 | |
Bonds (US Treasury) | Yes | Yes | |
Bonds (Corporate) | Yes | Yes | |
Bonds (Municipal) | Yes | Yes | |
Traditional IRAs | Yes | Yes | |
Roth IRAs | Yes | Yes | |
Advisor Services | No | Yes | |
International Countries (Stocks) | 0 | 0 |
Order Types | TradeStation | 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 | Yes | No | |
Order Type - OCO | Yes | No | |
Order Type - OTO | Yes | No | |
Order Type - Broker Assisted | Yes | Yes |
Beginners | TradeStation | Ally Invest | |
---|---|---|---|
Education (Stocks) | Yes | Yes | |
Education (ETFs) | No | Yes | |
Education (Options) | Yes | Yes | |
Education (Mutual Funds) | No | Yes | |
Education (Bonds) | No | Yes | |
Education (Retirement) | No | Yes | |
Retirement Calculator | No | No | |
Investor Dictionary | No | Yes | |
Paper Trading | Yes | No | |
Videos | Yes | No | |
Webinars | Yes | No | |
Webinars (Archived) | Yes | Yes | |
Progress Tracking | No | No | |
Interactive Learning - Quizzes | No | No |
Stock Trading Apps | TradeStation | 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 | TradeStation | Ally Invest | |
---|---|---|---|
Market Movers (Top Gainers) | Yes | Yes | |
Stream Live TV | No | No | |
Videos on Demand | No | No | |
Stock Alerts | Yes | 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 | TradeStation | Ally Invest | |
---|---|---|---|
Charting - After-Hours | Yes | No | |
Charting - Can Turn Horizontally | No | No | |
Charting - Multiple Time Frames | Yes | Yes | |
Charting - Technical Studies | 45 | 0 | |
Charting - Study Customizations | Yes | No | |
Charting - Stock Comparisons | No | No |
Trading Platforms | TradeStation | Ally Invest | |
---|---|---|---|
Active Trading Platform | TradeStation 10 | N/A | |
Desktop Trading Platform | Yes | No | |
Desktop Platform (Mac) | No | No | |
Web Trading Platform | Yes | Yes | |
Paper Trading | Yes | No | |
Trade Journal | No | No | |
Watch Lists - Total Fields | 341 | 10 |
Stock Chart Features | TradeStation | Ally Invest | |
---|---|---|---|
Charting - Adjust Trades on Chart | Yes | No | |
Charting - Indicators / Studies | 294 | 120 | |
Charting - Drawing Tools | 23 | 36 | |
Charting - Notes | Yes | Yes | |
Charting - Index Overlays | Yes | Yes | |
Charting - Historical Trades | Yes | No | |
Charting - Corporate Events | Yes | No | |
Charting - Custom Date Range | Yes | No | |
Charting - Custom Time Bars | Yes | No | |
Charting - Automated Analysis | Yes | Yes | |
Charting - Save Profiles | Yes | Yes | |
Trade Ideas - Technical Analysis | Yes | Yes | |
Charting - Study Customizations | 12 | 8 | |
Charting - Custom Studies | Yes | No |
Day Trading | TradeStation | Ally Invest | |
---|---|---|---|
Streaming Time & Sales | Yes | No | |
Streaming TV | No | No | |
Direct Market Routing - Stocks | Yes | No | |
Ladder Trading | Yes | No | |
Trade Hotkeys | Yes | No | |
Level 2 Quotes - Stocks | Yes | No | |
Trade Ideas - Backtesting | Yes | No | |
Trade Ideas - Backtesting Adv | Yes | No | |
Short Locator | Yes | No | |
Order Liquidity Rebates | Yes | No |
Research Overview | TradeStation | Ally Invest | |
---|---|---|---|
Research - Stocks | Yes | Yes | |
Research - ETFs | Yes | Yes | |
Research - Mutual Funds | No | Yes | |
Research - Pink Sheets / OTCBB | Yes | Yes | |
Research - Bonds | No | Yes | |
Screener - Stocks | Yes | Yes | |
Screener - ETFs | No | Yes | |
Screener - Mutual Funds | No | No | |
Screener - Bonds | No | Yes | |
Misc - Portfolio Allocation | Yes | Yes |
Stock Research | TradeStation | 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 | TradeStation | 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 | No | No | |
ETFs - Ratings | No | Yes | |
ETFs - Morningstar StyleMap | No | No | |
ETFs - PDF Reports | No | No |
Mutual Fund Research | TradeStation | 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 | Yes | 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 | TradeStation | Ally Invest | |
---|---|---|---|
Option Chains - Basic View | Yes | Yes | |
Option Chains - Strategy View | Yes | Yes | |
Option Chains - Streaming | Yes | Yes | |
Option Chains - Total Columns | 29 | 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 | TradeStation | 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 | TradeStation | 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 | TradeStation | 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 | TradeStation Review | Ally Invest Review |