Switch Markets vs Ally Invest

Switch Markets vs Ally Invest Comparison Table 2022
Switch Markets Ally Invest
WINNER
Ally Invest is the better broker
United States Flag Traders from US not accepted
United States Flag Traders from US accepted
Switch Markets offers leveraged trading on forex, commodities, indices and cryptocurrencies. Ally Invest is an online investment platform for US and international clients with securities and derivatives trading.
Bonus
100% Deposit Bonus
Instruments
Stocks, CFD, Forex, Crypto Stocks, Options, Forex, ETFs
Demo Account
Yes No
Minimum Deposit
$50 $0
Payment Methods
Minimum Trade
$1
Regulator
ASIC SEC, FINRA
Margin Trading
Yes Yes
Margin Rate
3.25%
MetaTrader 4
Yes No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
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 No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
Yes No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Yes - Equinix
Copy Trading
Yes No
Copy Trading Platform
Switch Markets offers copy trading services with low fees via the MetaTrader 4 terminal.
Social Trading
Yes No
Trade Signals
MT4
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No Yes
Guaranteed Stop Loss
No No
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • CHF
  • SGD
  • USD
Stock Exchanges
Commodities
CFD Trading
Switch Markets offers CFDs on stocks, indices and commodities. CFD trading not offered
Leverage
1:500
FTSE Spread
1.2
GBPUSD Spread<
0.5
Oil Spread
2.0
Stocks Spread
Variable
Forex Trading
Switch Markets offer 60+ currency pairs, including majors, minors and exotics. Ally Invest offers forex trading in over 80 major, minor and exotic currency pairs.
GBPUSD Spread
0.5 1
EURUSD Spread
0.1 1
EURGBP Spread
0.6 1
Assets
60+ 80
Cryptocurrency
Switch Markets offers four cryptocurrencies with competitive fees. Crypto trading not offered
Spread
Variable
Coins
  • BTC
  • ETH
  • LTC
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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