Ally invest
Finmax
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Overview
Ally invest was founded in 2013 and is headquartered in United States, while Finmax was established in 2008 and is based in Bulgaria. Ally invest holds licences including Cyprus Securities and Exchange Commission (CySEC), while Finmax is regulated by Financial Services Authority (FSA) among others. Ally invest serves 10,000+ clients worldwide; Finmax has 10,000+. The minimum deposit is $500 at Ally invest and $0 at Finmax.
| Feature | Ally invest | Finmax |
|---|---|---|
| Min. Deposit | $500 | $0 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Financial Services Authority (FSA) |
| Founded | 2013 | 2008 |
| Country | United States | Bulgaria |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Ally invest and Finmax, directly affecting your bottom line as a trader. Finmax has a lower barrier to entry with a minimum deposit of $0 (vs $500 at Ally invest). Neither broker charges withdrawal fees. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Overall, Finmax scores higher on fees in our assessment.
| Feature | Ally invest | Finmax |
|---|---|---|
| Min. Deposit | $500 | $0 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
Ally invest offers MT5, cTrader, while Finmax supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Ally invest supports social and copy trading features, which Finmax does not offer. Finmax edges ahead on platform breadth and functionality in our scoring.
| Feature | Ally invest | Finmax |
|---|---|---|
| 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,MT5 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Ally invest and Finmax compare. Ally invest runs regular live webinars; Finmax does not. Ally invest has a video library; Finmax does not. Ally invest publishes daily market commentary; Finmax does not. Ally invest integrates third-party research tools (Trading Central, Autochartist); Finmax does not. Ally invest maintains an archive of past webinars for on-demand viewing. Ally invest scores higher overall in education and research.
| Feature | Ally invest | Finmax |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | No |
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 Finmax supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Ally invest | Finmax |
|---|---|---|
| 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 Finmax 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 | Finmax |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |