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Ally Invest vs Betterment

Ally Invest vs Betterment Comparison Table 2023
Ally Invest Review 2023 Betterment Review 2023
Review
3.2

Ally Invest is #36 in our broker rankings.

Review
Not Yet Rated

Betterment is #36 in our broker rankings.

United States Flag Traders from US accepted
United States Flag Traders from US accepted

Ally Invest was founded in 2005 and serves 11 million customers through its suite of investing and financial services products. The brokerage is regulated by the US SEC with FINRA and SIPC membership. The company has a substantial $197 billion in assets under management (AUM).

Betterment is a US wealth management and investing company, offering a range of account options, portfolios and ETFs.

Comment by Reviewer
"Ally Invest is an all-in-one financial solution suitable for traders of all experience levels with self-directed and managed trading accounts alongside online banking, financial advice, credit cards and loans."
Pros
  • Responsive customer support available 24/7 with local and international telephone help, live chat and email
  • Free demo account with $50,000 virtual funds and access to all platforms and tools
  • Competitive fees including commission-free trading on eligible US stocks and ETFs
  • Managed portfolios tailored to financial goals and risk appetite
  • Regulated by the SEC and a member of the SIPC
  • Online educational content and financial advice
  • High-quality proprietary web trading platform
  • You can reinvest dividends through DRIP
  • Leveraged trading up to $1 million
  • Access to MetaTrader 4
Cons
  • Some features such as the stock screener are not available on the mobile app
  • Deposits and withdrawals limited to wire transfers or cheques only
  • Forex trading is available on a separate account
  • Only US stocks are available
Instruments
Stocks, Options, Forex, ETFs
Demo Account
No No
Minimum Deposit
$0 $0
Trading Platforms
  • Own
  • Own
Payment Methods
Minimum Trade
$1
Regulator
SEC, FINRA SEC, FINRA
Margin Trading
Yes No
Margin Rate
3.25%
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No Yes
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS & Android iOS & Android
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No Yes
Custodial Account
Yes No
Guaranteed Stop Loss
No No
Islamic Account
No No
Account Currencies
  • USD
  • USD
Forex Trading
Ally Invest offers 50+ currency pairs with access to MetaTrader 4 and the Ally Invest Forex Advanced Desktop platforms. Spreads compare well to alternatives with a good range of majors, minors and exotics. Forex trading not offered
GBPUSD Spread
1
EURUSD Spread
1
EURGBP Spread
1
Assets
80
Review
Review
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