Ally invest
Zacks Trade
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Overview
Ally invest was founded in 2013 and is headquartered in United States, while Zacks Trade was established in 2008 and is based in United States. Ally invest holds licences including Cyprus Securities and Exchange Commission (CySEC), while Zacks Trade is regulated by Unregulated among others. Ally invest serves 10,000+ clients worldwide; Zacks Trade has 10,000+. The minimum deposit is $500 at Ally invest and $2500 at Zacks Trade.
| Feature | Ally invest | Zacks Trade |
|---|---|---|
| Min. Deposit | $500 | $2500 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Unregulated |
| Founded | 2013 | 2008 |
| Country | United States | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Ally invest and Zacks Trade, directly affecting your bottom line as a trader. Zacks Trade has a lower barrier to entry with a minimum deposit of $2500 (vs $500 at Ally invest). Neither broker charges withdrawal fees. Ally invest applies inactivity fees on dormant accounts; Zacks Trade does not. Zacks Trade charges deposit fees; Ally invest does not. The two brokers are broadly comparable on fee structure.
| Feature | Ally invest | Zacks Trade |
|---|---|---|
| Min. Deposit | $500 | $2500 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | Yes | Yes |
Platforms
Ally invest offers MT5, cTrader, while Zacks Trade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Ally invest supports social and copy trading features, which Zacks Trade does not offer. Zacks Trade edges ahead on platform breadth and functionality in our scoring.
| Feature | Ally invest | Zacks Trade |
|---|---|---|
| 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,iPhone/iPad,Tablet |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Ally invest and Zacks Trade 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. The two brokers are evenly matched on educational content.
| Feature | Ally invest | Zacks Trade |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| 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 Zacks Trade supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Ally invest | Zacks Trade |
|---|---|---|
| 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 Zacks Trade 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 | Zacks Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |