Ally invest
AvaTrade
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Overview
Ally invest was founded in 2013 and is headquartered in United States, while AvaTrade was established in 2006 and is based in The British Virgin Islands. Ally invest holds licences including Cyprus Securities and Exchange Commission (CySEC), while AvaTrade is regulated by Central Bank of Ireland among others. Ally invest serves 10,000+ clients worldwide; AvaTrade has 200,000+. The minimum deposit is $500 at Ally invest and $250 at AvaTrade.
| Feature | Ally invest | AvaTrade |
|---|---|---|
| Min. Deposit | $500 | $250 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) |
| Founded | 2013 | 2006 |
| Country | United States | The British Virgin Islands |
| Clients | 10,000+ | 200,000+ |
Fees
Fees are a critical factor when choosing between Ally invest and AvaTrade, directly affecting your bottom line as a trader. AvaTrade has a lower barrier to entry with a minimum deposit of $250 (vs $500 at Ally invest). Neither broker charges withdrawal fees. Ally invest applies inactivity fees on dormant accounts; AvaTrade does not. Overall, AvaTrade scores higher on fees in our assessment.
| Feature | Ally invest | AvaTrade |
|---|---|---|
| Min. Deposit | $500 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
Ally invest offers MT5, cTrader, while AvaTrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. AvaTrade edges ahead on platform breadth and functionality in our scoring.
| Feature | Ally invest | AvaTrade |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Desktop,Android,iPhone,Mac | MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Ally invest and AvaTrade compare. Ally invest runs regular live webinars; AvaTrade does not. Both provide video tutorials. Ally invest publishes daily market commentary; AvaTrade does not. Both integrate third-party research tools. Ally invest maintains an archive of past webinars for on-demand viewing. Ally invest scores higher overall in education and research.
| Feature | Ally invest | AvaTrade |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Ally invest accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while AvaTrade supports 4 (bank transfer, credit/debit card, PayPal, Neteller). AvaTrade uniquely supports PayPal and Neteller among the two brokers. AvaTrade scores higher on deposit and withdrawal flexibility.
| Feature | Ally invest | AvaTrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | No |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Ally invest and AvaTrade offer live chat support. Both provide phone support. Email support is available at both brokers. Ally invest supports 2 languages and AvaTrade supports 6, giving AvaTrade broader global reach. Both brokers are comparable on support quality.
| Feature | Ally invest | AvaTrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Italian, German, French, Greek, and Hebrew |