Charles Schwab offers investors a complete suite of products and services with excellent stock research, quality trade tools, and professional planning.
They have everything from stocks and options trading to fixed income and retirement guidance.
While Ally Invest is an online brokerage firm of Ally Bank.
They offer a fee-free investing for managed portfolios and for self-directed trading. Plus investing platform supports supports stocks, ETFs, mutual funds, bonds, and option.
Continue reading to see our table for a side-by-side comparison between Charles Schwab and Ally Invest.
| PROMOTIONAL LINK | OFFER | REVIEW |
| Ally Invest | Up to $3,500 Cash & free trades | Review |
| WeBull | 4 Free Stocks & free trades | Review |
| TD Ameritrade | $0 Commissions | Review |
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| Charles Schwab | Ally Invest | |
| Stock Trading | 4.5/5 | 5/5 |
| Option Trading | 3.5/5 | 5/5 |
| Mutual Fund Trading | 4/5 | |
| Online Platform | 5/5 | |
| Banking | 5/5 | 5/5 |
| Mobile App | 3.5/5 | 3.5/5 |
| Commissions and Fees | 3/5 | 5/5 |
| Ease of Use | 4/5 | 4/5 |
| Research | 5/5 | 3.5/5 |
| Online Community | 5/5 | |
| Trading Platform | 4/5 | |
| Pros | -Selection of commission-free ETFs and mutual funds -2 platforms: beginners and advanced traders -24/7 customer service including online chat |
-Low commission for stock trades -No account minimums -Ally platform |
| Cons | -Commission cost on mutual funds outside of the commission-free funds -Robo-advisor option requires a minimum investment of $5,000 |
-No physical locations |
| Bottom Line | Charles Schwab is great for beginning and advanced investors. It offers low fees and 24/7 customer support that brokers might find helpful. | Ally Invest offers a complete investment platform with strong services and zero fees. |
Compare to Other Institutions
- Ally Bank vs Bank of America
- Ally Bank vs Wealthfront
- Ally Bank vs Capital One
- Ally Bank vs Marcus by Goldman Sachs
- Ally Bank vs Axos Bank
- Ally Bank vs CIT Bank
- Ally Bank vs Discover Bank
- TD Bank vs Ally Bank
Bottom Line
Which Bank is Better: Charles Schwab or Ally Invest?
In summary:
- Charles Schwab offers investors a wide array of services and tools including a top-notch mobile app.
- Ally is good for active traders and budget investors because of their complete investment platform with strong services and zero fees.
For more variety of options, see our list of the best bank account bonuses & savings account offers.
More on Charles Schwab:
- How to Find Your Charles Schwab Login
- What Are Charles Schwab’s Hours?
- Charles Schwab Routing Number
More on Ally:
- How To Open an Ally Bank Account
- What Are Ally Bank’s Hours?
- How To Find and Use Your Ally Bank Login
- Ally Bank Routing Number
| PROMOTIONAL LINK | OFFER | REVIEW |
| Chase Business Complete BankingSM | $300 Cash | Review |
| Chase Total Checking® | $200 Cash | Review |
| HSBC Premier Checking Member FDIC | $450 Cash | Review |
| HSBC Premier Checking Member FDIC | Up To $600 | Review |
| HSBC Advance Checking Member FDIC | $200 Cash | Review |
| HSBC Advance Checking Member FDIC | Up To $240 | Review |
| Huntington 25 Checking | $500 Cash | Review |
| TD Bank Beyond Checking | $300 Cash | Review |
| TD Bank Convenience CheckingSM | $150 Cash | Review |
| Huntington Bank Unlimited Plus Business Checking | $750 Cash | Review |
| Huntington Bank Unlimited Business Checking | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $200 Cash | Review |
| Wise Business Banking | $100 Cash | Review |
| Axos Bank Basic Business Checking | $100 Cash | Review |
| Aspiration Spend & Save Account | $100 Cash | Review |
| American Express High Yield Savings | 0.50% APY | Review |
| CIT Bank Money Market | 0.50% APY | Review |
| Ally Invest | Up to $3,500 Cash | Review |
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