Pepperstone vs Ally Invest

Pepperstone vs Ally Invest Comparison Table 2023
Pepperstone	Ally Invest
Review 4.8	Review 3.2 Ally Invest is #38 in our broker rankings.
Traders from US not accepted See available CFD brokers	Traders from US accepted
Pepperstone is a leading online broker with over 400,000 clients in more than 175 countries. The top-rated brokerage offers excellent market access, industry-leading platforms in MT4, MT5, TradingView and cTrader, plus low fees with no hidden charges. Pepperstone is also heavily regulated with a high trust score, holding licenses with reputable bodies, including the FCA, ASIC, DFSA, and CySEC.	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).
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.
Comment by Reviewer
"Pepperstone is a best-in-class broker. Experienced day traders benefit from razor sharp spreads, ultra-fast execution and 1250+ instruments. New traders get user-friendly platforms, rich education materials and 24/7 support."	"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
World-renowned broker with licenses in 7 jurisdictions, including the UK (FCA) and Cyprus (CySEC) Active Trader Program for high-volume traders with discounts on forex, indices and commodities (eligible jurisdictions only) Excellent suite of automated trading tools including Capitalise.ai, Smart Trader and APIs Very fast execution speeds of ~30ms, which will serve day traders and scalpers In-depth and frequent webinars covering charting strategies and trading tips Competitive Razor account with tight spreads averaging 0.12 pips for EUR/USD Wide selection of assets including currency indices like the US Dollar Index Multiple platforms suitable for day trading including MT4, cTrader and TradingView Award-winning customer support via telephone, email or live chat	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
Cryptos only available for professional clients in some jurisdictions It took us longer to sign up than at many alternatives Traders from the US are not accepted Demo account closes after 30 days No proprietary trading app	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
Awards
Best Overall Broker - DayTrading.com 2023 Best Trading App - DayTrading.com 2022 Best Forex Broker - DayTrading.com 2021 Best MT4 Broker - Good Money Guide 2023 #1 Overall Client Satisfaction - UK Investment Trends 2022 #1 Value for Money - UK Investment Trends 2022 #1 Quality of Trade Execution - UK Investment Trends 2022 #1 Ease of Platform Navigation - UK Investment Trends 2022 #1 Charting - UK Investment Trends 2022 Best Forex Broker Overall - Compareforexbrokers.com 2022 Best MT4 Broker - Good Money Guide Best MT4 Broker 2022 Top 5 MetaTrader brokers - Broker Chooser Top 5 MetaTrader brokers 2022
Instruments
CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting	Stocks, Options, Forex, ETFs
Demo Account
Yes	No
Minimum Deposit
$0	$0
Trading Platforms
MT4 MT5 cTrader TradingView AutoChartist DupliTrade	Own
Payment Methods
BPAY Credit Card Debit Card Mastercard Neteller PayPal POLi Skrill UnionPay Visa Wire Transfer	Wire Transfer
Minimum Trade
0.01 Lots
Regulator
FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB	SEC, FINRA
Margin Trading
Yes	Yes
Margin Rate
	3.25%
STP Account
Yes	No
ECN Account
Yes	No
DMA Account
Yes	No
MAM Account
Yes	No
PAMM Account
Yes	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
Yes	No
Robo Advisor
No	No
Negative Balance Protection
Yes	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
iOS, Android & Windows	iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader, cBots on cTrader
Copy Trading
Yes	No
Copy Trading Platform
Pepperstone offers an impressive range of third-party platforms, including DupliTrade, a tool that allows investors to automatically replicate the trading activity of experts. Trading signals are also available, identifying potential entry and exit points.
Social Trading
Yes	No
Trade Signals
Yes (Via Chartist Software)
VPS Hosting
Yes	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	Yes
Guaranteed Stop Loss
No	No
Inactivity Fee
$0
Islamic Account
Yes	No
Account Currencies
USD EUR GBP CAD AUD JPY CHF	USD
Stock Exchanges
Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange Japan Exchange Group Korean Stock Exchange London Stock Exchange Nasdaq New York Stock Exchange S&P 500 Shanghai Stock Exchange SIX Swiss Exchange Shenzhen Stock Exchange Toronto Stock Exchange Taiwan Stock Exchange
Commodities
Cocoa Coffee Copper Corn Cotton Gasoline Gold Livestock Natural Gas Oil Orange Juice Palladium Platinum Precious Metals Silver Soybeans Sugar Wheat
CFD Trading
Pepperstone is a fast and reliable CFD broker with 1250+ assets covering forex, commodities, shares, indices, and ETFs. CFDs can be traded on four leading platforms with a choice of accounts and base currencies. The broker boasts an impressive 99.94% fill rate with no requotes or dealing desk intervention.	CFD trading not offered
Leverage
1:30 (Retail), 1:500 (Pro)
FTSE Spread
1.0
GBPUSD Spread
0.0
Oil Spread
2.50
Stocks Spread
0.02
Forex Trading
Pepperstone offers ultra-low spreads from 0.0 pips on the Razor account and has an excellent selection of 60+ pairs. You can also trade currency indices, which aren't available at many alternatives. Forex lots start at 0.01.	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 App
Pepperstone deliver their MetaTrader 4 and MetaTrader 5 platforms across both Android and iOS. With faster processing times, the ability to hedge your positions, advanced pending orders and more tools and indicators to take your trading to the next level – the Pepperstone mobile app is a powerful addition.
GBPUSD Spread
1.0	1
EURUSD Spread
1.0	1
EURGBP Spread
1.2	1
Assets
60+	80
Currency Indices
USD EUR JPY
Cryptocurrency
Take positions on cryptos like Bitcoin with up to 1:10 leverage. Pepperstone also offers popular altcoins, as well as crypto indices, which offer a holistic view on the digital currency market. Pepperstone is one of the most trustworthy crypto brokers we have tested.	Crypto trading not offered
Spread
BTC 30, ETH 0
Coins
BCH BTC ETH LTC DASH ADA LINK DOGE EOS DOT XRP XLM XTZ UNI BNB
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.
More Comparisons
Pepperstone vs	Ally Invest vs