Ally invest
Forex.com
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Overview
Ally invest was founded in 2013 and is headquartered in United States, while Forex.com was established in 2001 and is based in United States. Ally invest holds licences including Cyprus Securities and Exchange Commission (CySEC), while Forex.com is regulated by Financial Conduct Authority (FCA) among others. Ally invest serves 10,000+ clients worldwide; Forex.com has 150,000+. The minimum deposit is $500 at Ally invest and Typical at Forex.com.
| Feature | Ally invest | Forex.com |
|---|---|---|
| Min. Deposit | $500 | Typical |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) |
| Founded | 2013 | 2001 |
| Country | United States | United States |
| Clients | 10,000+ | 150,000+ |
Fees
Fees are a critical factor when choosing between Ally invest and Forex.com, directly affecting your bottom line as a trader. Ally invest has a lower barrier to entry with a minimum deposit of $500 (vs Typical at Forex.com). Forex.com 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. Forex.com charges deposit fees; Ally invest does not. The two brokers are broadly comparable on fee structure.
| Feature | Ally invest | Forex.com |
|---|---|---|
| Min. Deposit | $500 | Typical |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | Yes |
| CFD Fees | Yes | Yes |
Platforms
Ally invest offers MT5, cTrader, while Forex.com 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. Forex.com edges ahead on platform breadth and functionality in our scoring.
| Feature | Ally invest | Forex.com |
|---|---|---|
| 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, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Ally invest and Forex.com compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. Ally invest scores higher overall in education and research.
| Feature | Ally invest | Forex.com |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| 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 Forex.com supports 3 (bank transfer, credit/debit card, PayPal). Forex.com uniquely supports PayPal among the two brokers. Forex.com scores higher on deposit and withdrawal flexibility.
| Feature | Ally invest | Forex.com |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| 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 Forex.com offer live chat support. Both provide phone support. Email support is available at both brokers. Ally invest supports 2 languages and Forex.com supports 3, giving Forex.com broader global reach. Both brokers are comparable on support quality.
| Feature | Ally invest | Forex.com |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Chinese, Arabic |