Ally invest
City Of Investment
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Overview
Ally invest was founded in 2013 and is headquartered in United States, while City Of Investment was established in 2009 and is based in United Kingdom. Ally invest holds licences including Cyprus Securities and Exchange Commission (CySEC), while City Of Investment is regulated by Financial Markets Authority (FMA) among others. Ally invest serves 10,000+ clients worldwide; City Of Investment has 10,000+. The minimum deposit is $500 at Ally invest and $3000 at City Of Investment.
| Feature | Ally invest | City Of Investment |
|---|---|---|
| Min. Deposit | $500 | $3000 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Financial Markets Authority (FMA) |
| Founded | 2013 | 2009 |
| Country | United States | United Kingdom |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Ally invest and City Of Investment, directly affecting your bottom line as a trader. City Of Investment has a lower barrier to entry with a minimum deposit of $3000 (vs $500 at Ally invest). City Of Investment charges withdrawal fees while Ally invest does not, giving Ally invest an edge for frequent withdrawers. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. City Of Investment charges deposit fees; Ally invest does not. The two brokers are broadly comparable on fee structure.
| Feature | Ally invest | City Of Investment |
|---|---|---|
| Min. Deposit | $500 | $3000 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | Yes |
| CFD Fees | Yes | Yes |
Platforms
Ally invest offers MT5, cTrader, while City Of Investment supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Ally invest supports social and copy trading features, which City Of Investment does not offer. City Of Investment edges ahead on platform breadth and functionality in our scoring.
| Feature | Ally invest | City Of Investment |
|---|---|---|
| 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 | Android Apps,iPhone/iPad,Desktop |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Ally invest and City Of Investment compare. Ally invest runs regular live webinars; City Of Investment does not. Both provide video tutorials. Ally invest publishes daily market commentary; City Of Investment 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 | City Of Investment |
|---|---|---|
| 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 City Of Investment supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Ally invest | City Of Investment |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
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 City Of Investment offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Ally invest | City Of Investment |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |