Ally Invest vs OspreyFX

Ally Invest vs OspreyFX Comparison Table 2024
Ally Invest OspreyFX
3.2

Ally Invest is #35 in our broker rankings.

3
United States Flag Traders from US accepted
United States Flag Traders from US not 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).

OspreyFX is an ECN broker headquartered in St. Vincent and the Grenadines. Established in 2019, the firm offers 120+ forex and CFD assets with high leverage up to 1:500, tight spreads from 0.1 pips and round-the-clock customer support. OspreyFX also stands out for its funded trading accounts where traders can keep up to 70% of profits.

Bonus Offer
20% Discount [DayTrading.com Exclusive]
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." "We recommend OspreyFX for day traders seeking a true ECN broker with high leverage, low spreads and ultra-fast execution speeds. The firm is also a good option for traders looking for funded accounts with a three-step process to secure funding and competitive profit splits."
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
  • Funded accounts up to $200k with 70/30 profit split
  • Full range of investments including cryptos
  • MetaTrader 4 and MetaTrader 5 integration
  • Range of base currencies including USD
  • Low latency with fast order executions
  • Tight spreads and low commissions
  • High leverage up to 1:500
  • 24/7 customer support
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
  • Weak regulation
  • Bank transfer deposit fee
  • US clients not accepted
  • Difficult to connect to customer service through chatbot
Instruments
Forex, Stocks, ETFs, Options, Bonds Forex, Cryptos, Indices, Stocks, Commodities
Demo Account
No Yes
Minimum Deposit
$0 $10
Trading Platforms
  • Own
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 Lots
Regulator
SEC, FINRA
Margin Trading
Yes Yes
Margin Rate
3.25%
STP Account
No Yes
ECN Account
No Yes
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
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
App Review

The Forex Squad app is a free education tool with beginner-friendly training and content on a range of topics, including fundamental analysis, forex strategy and trading psychology. The app is free to download.

Android App Rating
2.2
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No Yes
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
Yes No
Guaranteed Stop Loss
No No
Islamic Account
No Yes
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered OspreyFX offers leveraged CFDs on forex, commodities, stocks, cryptos and indices. Deep liquidity is available from 50+ providers with a competitive ECN account that will suit active day trading strategies, including scalping.
Leverage
1:500
FTSE Spread
0.5 pts
GBPUSD Spread
0.8 pips
Oil Spread
0.09 pips
Stocks Spread
0.4 pips
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. OspreyFX offers more than 50 major, minor and exotic currency pairs. Spreads start from just 0.1 pips on the EUR/USD and the broker provides a suite of forex trading education for beginners, including partnering with Forex Squad.
Forex App

The Forex Squad app is a free education tool with beginner-friendly training and content on a range of topics, including fundamental analysis, forex strategy and trading psychology. The app is free to download.

GBPUSD Spread
1 0.8 pips
EURUSD Spread
1 0.5 pips
EURGBP Spread
1 0.8 pips
Assets
80 57
Currency Indices
  • USD
Cryptocurrency
Crypto trading not offered OspreyFX offers a decent selection of crypto coins paired with USD, including Bitcoin. 1:10 leverage is available with starting deposits from just $10 and support for Expert Advisors (EAs).
Spread
Variable
Coins
  • BTC
  • DASH
  • EDO
  • EOS
  • ETH
  • IOTA
  • LTC
  • NEO
  • OMG
  • SAN
  • XMR
  • XRP
  • ZEC
  • DOGE
  • SHIB
  • ADA
  • SOL
  • DOT
  • AVA
  • XLM
  • TRON
  • ETC
  • BNB
  • BCH
  • BAT
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
Ally Invest
vs
OspreyFX
vs