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Webull vs Ally Invest 2025

StockBrokers.com

Written by StockBrokers.com

February 20, 2025

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

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

Range of investments

When deciding between Webull and Ally Invest as your online broker, it's important to consider their range of investment options and overall offerings. Both platforms provide opportunities for stock and margin trading, but Ally Invest edges slightly ahead with a 4.5-star rating in the range of investments, compared to Webull's 4 stars. Ranked #8 by StockBrokers.com, Ally Invest offers a broader spectrum of options, including mutual funds, which Webull does not provide. Meanwhile, Webull, ranked #12, supports futures trading, giving it an edge in niche markets.

Webull and Ally Invest both cater to individual account priorities, offering traditional and Roth IRA accounts for retirement planning desires. Still, Ally Invest stands out with its fractional shares trading capability, allowing investors to buy slices of stocks that fit their budget. In contrast, Webull takes a different approach, enticing with OTC stock opportunities. Although neither platform supports direct crypto trading, their comprehensive stock and options trading access ensure both platforms remain attractive in the investment domain.

Advisory services mark another differentiator, with Ally Invest providing personalized advisor services, potentially appealing to those seeking tailored financial planning help. Conversely, Webull tends to attract more self-directed investors, desiring straightforward access to trading without additional advising. By evaluating your individual needs, these distinct features will guide you in choosing the platform that aligns best with your investment strategy.

Feature Webull logoWebull
Ally Invest logoAlly Invest
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info Yes No
OTC Stocks info Yes Yes
Mutual Funds info No 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 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 trading platforms and tools, Webull and Ally Invest cater to different aspects of traders' needs. Webull stands out with a higher rating of 4 out of 5 stars and ranks #7 out of 16 brokers on StockBrokers.com, while Ally Invest holds 3 stars and ranks at #10. Webull appeals particularly to users who appreciate a more versatile platform available on both Windows and Mac, along with a plethora of features that enable customizing chart experiences and trading tools. In comparison, Ally Invest offers a simpler, browser-based setup without desktop options, appealing to those seeking a straightforward online trading experience.

Webull's strength lies in its downloadable trading platforms for both Windows and Mac users, a significant advantage over Ally Invest's browser-only approach. Traders can engage in paper trading with Webull, an essential feature for beginners looking to hone their skills without financial risk. Webull also provides an extensive array of watch list fields with 35 columns compared to Ally's 10, giving users more flexibility to track diverse market metrics. Chart-wise, Webull allows for more advanced manipulation, such as adjusting open orders directly on charts and displaying corporate events and historical trades — options not available in Ally Invest.

Although Ally Invest offers a greater variety of technical indicators for charting, boasting 120 compared to Webull's 52, Webull compensates with features like the ability to show automated technical analysis and create custom studies. Both platforms offer functionalities such as adding notes and index overlays to charts and saving multiple chart profiles, making them suitable for various trading strategies. Overall, while Ally Invest may cater to those valuing technical indicators, Webull provides a comprehensive, feature-rich environment, particularly appealing for traders looking to explore and refine their strategies with enhanced flexibility and insights.

Feature Webull logoWebull
Ally Invest logoAlly Invest
Web Trading Platform info Yes Yes
Desktop Trading Platform info Yes No
Desktop Platform (Mac) info Yes No
Paper Trading info Yes No
Watch Lists - Total Fields info 35 10
Charting - Indicators / Studies info 52 120
Charting - Drawing Tools info 19 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

Up to $10K on new retirement account*

Beginners and education

When comparing the beginner and investor education offerings of Webull and Ally Invest, both online brokerages present compelling choices, yet they cater to different needs. Webull excels with an engaging approach that includes stock, ETF, and options education, backed by interactive features like paper trading, webinars, and educational videos. Notably, Webull provides quizzes and progress tracking, enhancing the learning experience for beginners. Meanwhile, Ally Invest also covers a broad educational spectrum by diving into stocks, ETFs, options, mutual funds, and bonds. Despite lacking interactive features like video content and webinars, Ally Invest remains a comprehensive option for investors looking to understand a wide array of financial instruments.

While both Webull and Ally Invest receive commendable ratings of four stars for their educational resources, slight differences are evident in their broader rankings. StockBrokers.com places Webull at #11 among 16 brokers for education, while Ally Invest secures a higher position at #8. This distinction highlights Ally Invest's slightly more comprehensive reach, especially with mutual funds and bonds. However, for those prioritizing interactive and trackable learning experiences, Webull holds a unique edge, particularly with its support for various learning styles and active engagement tools.

Feature Webull logoWebull
Ally Invest logoAlly Invest
Education (Stocks) info Yes Yes
Education (ETFs) info Yes 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 4/5 Stars 4/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2025

Stock trading apps

When looking for a stock trading app, Webull and Ally Invest are two popular options. While both platforms offer solid features for mobile trading on both iPhone and Android devices, Webull edges out Ally Invest in several categories. Webull stands out with its compatibility on Apple Watch, streaming quotes, and stock alerts, as well as after-hours charting capabilities. Additionally, it offers a wide array of technical studies for advanced charting. In comparison, Ally Invest is robust in essential functionalities like mobile options trading and the ability to create custom watch lists but lacks some of the advanced features found in Webull's app. Overall, Webull's offering is rated at 4.5 stars, slightly higher than Ally Invest's 4 stars, with Webull ranked #5 out of 16 brokers and Ally at #13.

Both Webull and Ally Invest furnish users with iPhone and Android apps, ensuring broad access to mobile trading for both platforms. However, while Webull also extends its functionality to Apple Watch, Ally Invest does not offer this feature. Users who rely on Apple Watch as part of their trading toolkit find Webull to be more favorable in this aspect. Furthermore, Webull provides after-hours stock trading directly through its app, a feature that is textually challenged with Ally Invest. This flexibility can be crucial for traders who wish to react to market movements beyond standard trading hours.

Charting capabilities further highlight the differences between Webull and Ally Invest. Webull excels by offering 56 technical studies for its charting features, in direct contrast to Ally Invest, which currently offers none. This makes Webull a more attractive option for traders interested in detailed technical analysis. Both platforms allow for viewing multiple time frames and creating custom watch lists, yet Webull's capability to display stock comparisons on charts enhances the analysis process. While streaming live TV and videos on demand are not options offered by either app, the range of features—especially in charting—makes Webull a more comprehensive choice for traders seeking powerful mobile app tools.

Feature Webull logoWebull
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 56 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 other charges of Webull and Ally Invest, both platforms offer competitive advantages but cater to slightly different needs. Webull and Ally Invest both require no minimum deposit, making them easy to access for investors of all levels. They also offer commission-free trading for regular stocks. However, when it comes to options trading, Webull leads with no per-contract fees, whereas Ally Invest charges $0.50. Those interested in margin trading will find Webull's rates more attractive across all balance tiers, with Ally Invest being noticeably higher. Additionally, Webull doesn't charge fees for closing IRAs, though they do have higher fees on account transfers compared to Ally Invest.

Webull and Ally Invest both excel in areas like no minimum deposit and stock trading fees, aligning with the trend of cost-effective online trading. What sets them apart most significantly is their approach to options trading and margin balance rates. Webull’s $0.00 charge per options contract provides an edge for active options traders, while Ally Invest’s higher margin interest could sway potential margin traders towards Webull. Despite both platforms providing free IRA annual management, Webull continues to distance itself by not imposing fees for IRA closure, a slight edge over Ally.

One aspect where Ally Invest edges out Webull is in its lower fees for account transfers—charging $50.00 for both partial and full transfers, compared to Webull's $75.00 fee in both cases. This could be a deciding factor for those who frequently move their assets. Both platforms charge nothing for options exercise and assignment, accommodating users who trade options frequently. Ultimately, traders looking for zero-cost or low-cost trading solutions will find both services competitive, though specific priorities like margin costs or options trading fees could determine which platform meets individual needs better.

Feature Webull logoWebull
Ally Invest logoAlly Invest
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Options (Per Contract) info $0.00 $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 Webull and Ally Invest for day trading, Webull appears to have the edge over Ally Invest due to its range of features catering to active traders. Webull provides streaming time and sales data for stocks, allowing traders to stay updated with the latest market movements, a feature absent in Ally Invest. Additionally, Webull supports ladder trading, which helps traders view market depth, and offers trading hotkeys for faster keyboard trade entry, features not available with Ally Invest. Webull also includes access to level 2 quotes, providing deeper insight into stock pricing, a critical component for day traders, whereas Ally Invest lacks these offerings.

Both platforms do not provide streaming live TV, direct market routing, strategy backtesting, a short locator tool, or order liquidity rebates, which means traders relying on these services might need to seek elsewhere. However, for those prioritizing immediate trade execution tools, Webull stands out as a more suitable choice for day trading compared to Ally Invest, especially given the absence of some key trading features on Ally's platform.

Feature Webull logoWebull
Ally Invest logoAlly Invest
Streaming Time & Sales info Yes No
Streaming TV info No No
Direct Market Routing - Stocks info No No
Level 2 Quotes - Stocks info Yes 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 diving into market research capabilities, Ally Invest edges out Webull with higher ratings and a broader offering of research tools. Ally Invest is rated 3.5 out of 5 stars, outranking Webull, which holds a 2.5-star rating. In a study by StockBrokers.com that ranks 16 brokers, Ally Invest comes in slightly ahead at #8, while Webull follows at #9. These subtle but significant differences reveal that both platforms are competitive, yet Ally Invest offers a more well-rounded suite of market research options for investors.

Webull and Ally Invest both provide stock and ETF research, along with resources for Pink Sheets and OTCBB. However, when it comes to mutual funds and bonds, Ally Invest pulls ahead by offering comprehensive research options where Webull does not. Social media sentiment analysis is available on both platforms, giving investors the ability to gauge market sentiments. Yet, in terms of portfolio allocation by asset class, Ally Invest provides this capability, unlike Webull.

When considering tools for discovering trade ideas, both platforms offer a stock screener. However, Ally Invest offers an edge with an additional ETF screener, as well as a bond screener, which Webull lacks. Neither platform provides downloadable PDF research reports for stocks, ETFs, or mutual funds, making on-platform research tools even more valuable. Ultimately, for those seeking a more diversified range of research options, Ally Invest stands as a slightly more substantial choice compared to Webull.

Feature Webull logoWebull
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 2.5/5 Stars 3.5/5 Stars

Banking

When comparing the banking capabilities of online brokers, Webull and Ally Invest have distinct offerings. Webull does not provide traditional banking services such as checking or savings accounts, debit or credit cards, or mortgage loans. Additionally, Webull does not offer Certificates of Deposit (CDs). On the other hand, Ally Invest offers a broad range of banking services, including checking and savings accounts, and they also provide customers with debit and credit cards. Furthermore, Ally Invest offers mortgage loans and the option to invest in CDs, giving users comprehensive banking options that integrate with their investment activities.

Feature Webull logoWebull
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 Webull is better than Ally Invest. Webull finished with an overall score of 81.0%, while Ally Invest finished with a score of 80.1%.

Webull is an excellent choice for beginning and intermediate traders. The user experience is outstanding, and Webull has better charts than its natural competitor, Robinhood. Options contracts are commission-free, but crypto markups and markdowns are on the high side. Experienced investors may eventually miss the features, research, and investment choices available at leading brokers.

FAQs

Can you trade cryptocurrency with Webull or Ally Invest?

Webull and Ally Invest both do not offer crypto trading, with neither platform supporting any coins.

Dive deeper: Best Online Brokers for Crypto Trading in 2025

Does Webull or Ally Invest offer IRAs?

Both Webull and Ally Invest offer traditional and Roth IRA accounts with no annual fees, but while Webull does not charge any fees for closing IRA accounts, Ally Invest imposes a $25 closure fee.

Dive deeper: Best IRA Accounts for 2025

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Compare

0 of 5
Overall Rating Webull Ally Invest
Overall 4/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 4.5/5 Stars
Platforms & Tools 4/5 Stars 3/5 Stars
Mobile Trading Apps 4.5/5 Stars 4/5 Stars
Research 2.5/5 Stars 3.5/5 Stars
Customer Service 3/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review Webull Review Ally Invest Review
Broker Screenshots Webull 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 Webull Ally Invest
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Penny Stock Fees (OTC) info N/A $4.95
Mutual Fund Trade Fee info N/A $0.00
Options (Per Contract) info $0.00 $0.50
Futures (Per Contract) info $1.25 info (Not offered)
Broker Assisted Trade Fee info N/A $20
Margin Rates Webull Ally Invest
Margin Rate Under $25,000 info 9.24% 13%
Margin Rate $25,000 to $49,999.99 info 8.74% 12.75%
Margin Rate $50,000 to $99,999.99 info 8.24% 12%
Margin Rate $100,000 to $249,999.99 info 7.74% 10.75%
Margin Rate $250,000 to $499,999.99 info 7.74% 9.75%
Margin Rate $500,000 to $999,999.99 info 6.74% 9.25%
Margin Rate Above $1,000,000 info 6.24% info 8.5%
Account Fees Webull Ally Invest
IRA Annual Fee info $0.00 $0.00
IRA Closure Fee info $0.00 $25.00
Account Transfer Out (Partial) info $75.00 $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 Webull Ally Invest
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info Yes 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 0 13000
Mutual Funds (Total) info 0 14000
Bonds (US Treasury) info No Yes
Bonds (Corporate) info No Yes
Bonds (Municipal) info No Yes
Traditional IRAs info Yes Yes
Roth IRAs info Yes Yes
Advisor Services info No Yes
International Countries (Stocks) info 0 0
Order Types Webull 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 No Yes
Beginners Webull Ally Invest
Education (Stocks) info Yes Yes
Education (ETFs) info Yes 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 Yes Yes
Paper Trading info Yes No
Videos info Yes No
Webinars info Yes No
Webinars (Archived) info Yes Yes
Progress Tracking info Yes No
Interactive Learning - Quizzes info Yes No
Stock Trading Apps Webull 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 Webull 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 No No
Stock App Charting Webull 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 56 0
Charting - Study Customizations info Yes No
Charting - Stock Comparisons info Yes No
Trading Platforms Webull Ally Invest
Active Trading Platform info N/A N/A
Desktop Trading Platform info Yes No
Desktop Platform (Mac) info Yes No
Web Trading Platform info Yes Yes
Paper Trading info Yes No
Trade Journal info No No
Watch Lists - Total Fields info 35 10
Stock Chart Features Webull Ally Invest
Charting - Adjust Trades on Chart info Yes No
Charting - Indicators / Studies info 52 120
Charting - Drawing Tools info 19 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 No 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 No Yes
Charting - Study Customizations info 2 8
Charting - Custom Studies info Yes No
Day Trading Webull Ally Invest
Streaming Time & Sales info Yes No
Streaming TV info No No
Direct Market Routing - Stocks info No No
Ladder Trading info Yes No
Trade Hotkeys info Yes No
Level 2 Quotes - Stocks info Yes 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 Webull 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 No Yes
Stock Research Webull Ally Invest
Stock Research - PDF Reports info 0 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 Webull 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 No No
ETFs - Ratings info Yes Yes
ETFs - Morningstar StyleMap info No No
ETFs - PDF Reports info No No
Mutual Fund Research Webull 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 No Yes
Mutual Funds - Fees Breakdown info No No
Mutual Funds - Top 10 Holdings info Yes 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 Webull Ally Invest
Option Chains - Basic View info Yes Yes
Option Chains - Strategy View info Yes Yes
Option Chains - Streaming info No Yes
Option Chains - Total Columns info 23 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 No No
Option Positions - Adv Analysis info No No
Option Positions - Rolling info Yes No
Option Positions - Grouping info No Yes
Banking Webull 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 Webull 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 No Yes
24/7 Support info No Yes
Overall Webull Ally Invest
Overall 4/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 4.5/5 Stars
Platforms & Tools 4/5 Stars 3/5 Stars
Mobile Trading Apps 4.5/5 Stars 4/5 Stars
Research 2.5/5 Stars 3.5/5 Stars
Education 4/5 Stars 4/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review Webull Review Ally Invest Review
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