Ally invest
Forex EE
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Overview
Ally invest was founded in 2013 and is headquartered in United States, while Forex EE was established in 2008 and is based in Grenadines. Ally invest holds licences including Cyprus Securities and Exchange Commission (CySEC), while Forex EE is regulated by Ministry of Economic Affairs in Estonia among others. Ally invest serves 10,000+ clients worldwide; Forex EE has 10,000+. The minimum deposit is $500 at Ally invest and $100 at Forex EE.
| Feature | Ally invest | Forex EE |
|---|---|---|
| Min. Deposit | $500 | $100 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Ministry of Economic Affairs in Estonia |
| Founded | 2013 | 2008 |
| Country | United States | Grenadines |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Ally invest and Forex EE, directly affecting your bottom line as a trader. Forex EE has a lower barrier to entry with a minimum deposit of $100 (vs $500 at Ally invest). Forex EE charges withdrawal fees while Ally invest does not, giving Ally invest an edge for frequent withdrawers. Ally invest applies inactivity fees on dormant accounts; Forex EE does not. Overall, Forex EE scores higher on fees in our assessment.
| Feature | Ally invest | Forex EE |
|---|---|---|
| Min. Deposit | $500 | $100 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
Ally invest offers MT5, cTrader, while Forex EE supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Ally invest supports social and copy trading features, which Forex EE does not offer. The two brokers are closely matched on platform offering.
| Feature | Ally invest | Forex EE |
|---|---|---|
| MT4 | No | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Desktop,Android,iPhone,Mac | MetaTrader 4 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Ally invest and Forex EE compare. Ally invest runs regular live webinars; Forex EE does not. Both provide video tutorials. Ally invest publishes daily market commentary; Forex EE 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 | Forex EE |
|---|---|---|
| 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 Forex EE supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Ally invest | Forex EE |
|---|---|---|
| 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 Forex EE 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 | Forex EE |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |