Webull

Ally Invest vs WeBull in 2020


WeBull versus Ally Invest - which is better? Compare margin accounts, investing fees, extended hours trading, and stock broker differences.



Overview of WeBull and Ally Invest


If you’re looking for the best value possible in brokerage services, you should take a look at Webull and Ally Invest. Actually, we’ve already done that for you. We’ll show you the results of our investigation in major categories, and then make some recommendations for you.


WeBull and Ally Invest Cost


Broker Fees Stock/ETF
Commission
Mutual Fund
Commission
Options
Commission
Maintenance
Fee
Annual IRA
Fee
Ally Invest $0 $9.95 $0.50 per contract $0 $0
WeBull $0 na $0 $0 $0


WeBull and Ally Invest Services


Broker Review Cost Investment Products Trading Tools Customer Service Research Overall Rating
Ally Invest
WeBull


Promotions


Ally Invest: Up to $3,500 cash bonus + $0 commission trades.

WeBull: Get FREE stock between $12 and $1400 + $100 in ACAT reimbursement.



Range of Offerings


Webull customers can buy and sell stocks and ETF’s. Unfortunately, the zero-commission brokerage firm does not offer any other investment classes. Additionally, assets that drop under $1 per share go on the company’s restricted list. Webull has the same policy for stocks with market caps below $10 million. While these policies are rather disappointing, Webull performs even worse by not offering any IRA’s or portfolio management.

Ally Invest clients can trade stocks, ETF’s, bonds, options, mutual funds, and forex. The broker offers access to pink sheet and bulletin board stocks, although Ally does impose a penny surcharge per share. The brokerage house provides retirement accounts and portfolio management.

Ally Invest is the clear winner in this category.


Website Trading


Ally Invest has a simple but usable website with trading capability. At the bottom of the screen sits a practical trade bar. After entering a ticker symbol, the device returns volume, bid and ask figures, last trade price, and the day’s change. Both options and equities can be traded on the tool.

Moving to the website itself, we found simple order tickets with market, limit, stop, and on-close orders. There are also advanced orders, such as contingents and triggers. Complex option orders can be submitted on this form as well.

Charting on the site offers multiple chart styles, including crossline, mountain, and candlestick. There are a few drawing tools, several technical indicators, and three company events. We were disappointed that a chart cannot be displayed the width of the monitor.


Ally Live


Better charting can be found on Ally Invest LIVE, the company’s browser platform. A chart can be detached and expanded to fill the entire monitor. There are more technical studies on this system as well.

The trading ticket on LIVE offers the same order types as the website, although the graphical format is more appealing to the eye. Bonds can only be traded on the browser platform.

WeBull desktop platform has real-time quotes, in-depth charts, analyst rating and the full financial calendar. Full extended hours trading is provided for free from 4:00 AM to 8:00 PM (EST).


Webull Trading Platform


Ally definitely wins here.


Mobile Apps


The Webull app offers a lot of useful features, including information on global markets and even foreign stocks. Charting is fairly sophisticated for a mobile system, offering technical studies and multiple chart styles. Another bonus is horizontal viewing.


WeBull Investing


The order ticket on Webull’s app includes extended hours and multiple order types. Another feature we really like is demo mode. Traders who need extra practice can get it here without risking real money. Webull’s app functions on both tablets and phones.

Moving to Ally Invest, we get mobile check deposit, something that’s missing on Webull’s app. Although Ally does offer trading in mutual funds, the app can’t trade them. It can trade options, which is an advantage over Webull.


Ally Invest App Review


Ally Invest’s order ticket provides several duration choices, like pre- and post-market. There are some advanced order types.

Charts come with technical studies, multiple chart styles, and horizontal mode. Like Webull’s app, Ally’s can work on both iPhone and iPad.

Overall, it’s pretty close here.


DRIP Service


Traders at Ally Invest can sign up for the broker’s free Dividend Reinvestment Plan. Only stocks and American Depository Receipts priced above $4 are eligible. An entire account or individual securities can be selected for this convenient service. The broker offers user-friendly electronic enrollment through its browser platform.

Webull does not currently offer a DRIP service, so obviously Ally is the better choice here.


Investment Education and Research


Webull doesn’t offer much in this category on its website; but it does provide a lot of great resources on its mobile app. A stock’s profile offers analyst ratings. Some of the bigger names get 40 or so ratings. There are also financial statements and news articles. Webull displays information both in numerical and graphical format, a nice feature. Other great resources include press releases, an economic calendar, a company overview, executive trading, and earnings estimates.

Learning materials at Ally Invest appear on the company’s website rather than its mobile app. We found articles devoted to a lot of different topics, such as how to handle volatility, common mistakes in option trading, and how to construct a portfolio. Because Ally also operates a bank and mortgage business, there are articles devoted to personal financial issues, such as compound interest and savings accounts.

Overall, we think Webull does the better job here for investors.


Recommendation


For reasons already mentioned, we suggest Ally Invest for retirement saving and option, mutual fund, and fixed-income trading.

Mobile trading is somewhat of a toss-up, but we’ll suggest Webull for its simulated trading mode.

Investors who want the best customer service should definitely choose Ally Invest. Webull is very weak in this category. Because Webull doesn’t offer any portfolio management services, we also suggest Ally Invest for its robo-advisory program.

If you’re interested in global markets, definitely go with Webull. We also can endorse Webull for its free trades.


Promotions


Ally Invest: Up to $3,500 cash bonus + $0 commission trades.

WeBull: Get FREE stock between $12 and $1400 + $100 in ACAT reimbursement.



WeBull vs Ally Invest Summary


Ally Invest won most categories in this survey. Webull sacrifices a lot but manages to deliver commission-free trading, something Ally is able to deliver on 500+ ETF’s. Overall, Ally delivers the better package for a small cost.