Ally Invest vs TradeStation
| Ally Invest | TradeStation |
|---|---|
3.2
|
3.5
|
|
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). |
TradeStation is a popular, SEC-regulated broker offering stock, CFD and futures trading through powerful proprietary trading platforms. Available assets vary by region, with CFD trading available on the global branch. The US-based broker has different pricing methods split to cater for active day traders, or longer term stock holders. |
| 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." | "TradeStation is a secure, tried-and-tested broker for stock traders who want a powerful, flexible platform. The $500 minimum deposit makes this broker a better fit for experienced traders." |
| Pros | |
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| Cons | |
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| Instruments | |
| Forex, Stocks, ETFs, Options, Bonds | CFDs, Forex, Stocks, Futures, Commodities |
| Demo Account | |
| No | Yes |
| Minimum Deposit | |
| $0 | $500 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| Min lot size will vary | |
| Regulator | |
| SEC, FINRA | SEC |
| Margin Trading | |
| Yes | No |
| Margin Rate | |
| 3.25% | |
| STP Account | |
| No | No |
| ECN Account | |
| No | No |
| DMA Account | |
| No | Yes |
| 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 and Windows |
| Copy Trading | |
| No | No |
| Social Trading | |
| No | No |
| VPS Hosting | |
| No | No |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| Yes | No |
| Guaranteed Stop Loss | |
| No | No |
| Islamic Account | |
| No | No |
| Account Currencies | |
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| Commodities | |
| CFD Trading | |
| CFD trading not offered | Trade CFDs on popular asset classes, including forex and stocks. FX CFD commissions are competitive at 0.6 basis points while for shares it's a minimum of $3 per order. |
| Leverage | |
| 1:20 | |
| FTSE Spread | |
| N/A | |
| GBPUSD Spread | |
| N/A | |
| Oil Spread | |
| 0.06 pips | |
| Stocks Spread | |
| 0.2% Var | |
| 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. | Speculate on 26 currencies including majors. Top-tier liquidity is available from 17 of the biggest forex dealing banks, alongside dynamic order management and low commissions. |
| GBPUSD Spread | |
| 1 | Variable |
| EURUSD Spread | |
| 1 | Variable |
| EURGBP Spread | |
| 1 | Variable |
| Assets | |
| 80 | 26 |
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| More Comparisons | |
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Ally Invest vs |
TradeStation vs |