Ally Invest vs OspreyFX

Ally Invest vs OspreyFX Comparison Table 2024
Ally Invest	OspreyFX
Review 3.2	Review 3

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
Wire Transfer	Bitcoin Payments Credit Card Debit Card Mastercard PayRedeem Visa Wire Transfer
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
	CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index IBEX 35 Japan Exchange Group Nasdaq S&P 500
Commodities
	Copper Gold Natural Gas Oil Platinum Silver
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

Review	Review
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