Scottrade vs Ally Invest Forex

Struggling to choose between Scottrade and Ally Invest Forex? Both products offer unique advantages, making it a tough decision.

Scottrade is a Business & Commerce solution with tags like stocks, etfs, mutual-funds, bonds, options, trading, investing.

It boasts features such as Online trading platform, Low trading commissions, Access to stocks, ETFs, mutual funds, bonds, options, Research tools and market data, Mobile and desktop apps, Banking services like checking accounts and pros including Low trading commissions, User-friendly trading platforms, Good customer service, Wide range of tradable securities, Educational resources for new investors.

On the other hand, Ally Invest Forex is a Bitcoin & Cryptocurrency product tagged with forex, cfd, trading, currency-pairs, leverage, pricing, charting, research, education.

Its standout features include Trade over 50 currency pairs, Mobile app for iOS and Android, Advanced charting and technical analysis tools, Customizable trading platform layout, Automated trading through API integration, No minimum account balance, Commission-free trading available, and it shines with pros like Low trading costs, User-friendly trading platform, Good research and education resources, Wide range of tradable currency pairs, Advanced trading tools and charting, Mobile app for on-the-go trading.

Feature	Scottrade	Ally Invest Forex
Overall Score	N/A	N/A
Primary Category	Business & Commerce	Bitcoin & Cryptocurrency

Product Overview

Scottrade

Description: Scottrade is an online brokerage firm that provides a platform for self-directed investing. It allows users to trade stocks, ETFs, mutual funds, bonds, and options with low trading fees.

Ally Invest Forex

Description: Ally Invest Forex is an online forex and CFD trading platform offered by Ally Invest. It allows traders to speculate on currency pairs and other assets with leverage. The platform offers competitive pricing, charting tools, research, and educational resources for forex traders.

Key Features Comparison

Scottrade Features

• Online trading platform
• Low trading commissions
• Access to stocks, ETFs, mutual funds, bonds, options
• Research tools and market data
• Mobile and desktop apps
• Banking services like checking accounts

Ally Invest Forex Features

• Trade over 50 currency pairs
• Mobile app for iOS and Android
• Advanced charting and technical analysis tools
• Customizable trading platform layout
• Automated trading through API integration
• No minimum account balance
• Commission-free trading available

Pros & Cons Analysis

Scottrade

Pros

• Low trading commissions
• User-friendly trading platforms
• Good customer service
• Wide range of tradable securities
• Educational resources for new investors

Cons

• Limited international trading
• Less research tools than some competitors
• Website can be slow during high trading volume
• No futures, forex, or crypto trading

Ally Invest Forex

Pros

• Low trading costs
• User-friendly trading platform
• Good research and education resources
• Wide range of tradable currency pairs
• Advanced trading tools and charting
• Mobile app for on-the-go trading

Cons

• Limited funding options compared to some competitors
• Less currency pairs than some other forex brokers
• No desktop trading platform, web-based only
• Lacks some advanced order types
• Customer support could be improved

Pricing Comparison

Scottrade

• Subscription-Based
• Pay-As-You-Go

Ally Invest Forex

• Commission-free trading (spreads only)
• Low commission trading available
• No minimum deposit
• No monthly software fees