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Ally Invest vs Qtrade : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Ally Invest
Qtrade
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
None
ECN broker
Years of Existence / Established Year
2005
2000
Customer Base / Number of Accounts
No information
1Million
Regulation & Security
Regulations (governing bodies)
SEC, FINRA
IIROC, CIRO
Awards Won (count for the last 2 years)
No major awards listed
No major awards listed
Security Measures
SIPC
CIPF
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
No
Yes
Negative Balance Protection
No
No
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
10,800+ assets including, CDs, Treasuries, Crypto available through external parterns
100+ commission-free ETFs, GIC, Exchange-traded debentures, Fixed income
Currency Pairs
No
No
Commodities
No
No
Indices
Yes
No
Cryptocurrencies
No
No
CFDs
No
No
ETFs
Yes
Yes
Stocks
Yes
Yes
Options
Yes
Yes
Futures
No
No
Bonds
Yes
Yes
Mutual Funds
Yes
Yes
Fractional Shares
Exchange Traded Notes (ETNs)
Yes
No
Precious Metals
Yes
No
Real Estate Investment Trusts (REITs)
Yes
No
Equities
Yes
Yes
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
No
MT5
No
No
cTrader
No
No
Social Trading
No
Copy Trading
No
No
Other Trading Platforms (proprietary, etc.)
Web and mobile platform
Qtrade trading platform
Platform Compatibility (Windows, Mac, iOS, Android)
Yes except Mac
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
IRA plan, Traditional, Roth IRA, Self-directed trading, Ally Invest Robo portfolios, Personal advice
Cash- Individual, Society, Joint, Religious organization, Trust, Investment club, Estates Company, Registered accounts- FHSA, TFSA, RRSP, LIRA/ LRSP, RESP, RIF, LIF
Demo Account (Yes/No)
No
Yes
Islamic Accounts (Yes/No)
No
No
Minimum Deposit
$100
$0
Leverage Available
No
No
Trade Limit (maximum per trade)
Non-Pattern Day Trader-3-day trades in 5 business days, Pattern Day Trade- Unlimited day trades
$500,000
Commission (per account type)
$0
$0
Best Suited For (e.g., beginners, experienced traders)
Beginners
Long term investor and self-directed investment options
Deposit & Withdrawal Options
Deposit Methods
ACH, Wire transfer, Check
Electronic fund transfer,bank transfer, e-transfer services, Bill payment
Withdrawal Methods
Wire transfer
Bank transfer
Other E-Wallets Supported
No
No
Tools & Educational Resources
Economic Calendar
Yes
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Trading Education, Market Insights, Webinars, Online Trading Courses, Forex and Options Education
Education- New to investing, Experienced with investing, Weekly Market Pulse
Fees & Commissions
Trading-Related Fees
Commission-$0
Equities- $6.95- $8.75, Options- $8.75 + $1.25 per contract/ $6.95 + $1.25 per contract, ETFs- $0, Mutual fund- $8.75/ $6.95, ETFs - Others- $8.75/ $6.95, Fixed income and Exchange-traded debentures- $1 per $1,000 face value/ $1 per $1,000 face value, DAP accounts - $10 per trade, $7.75 - commissions for stock, mutual fund and ETF trades
Spread (typical, fixed, variable)
NA
NA
Per Lot Fees
NA
NA
Options Contract Fees
$0.50
$8.75 + $1.25 per contract/ $6.95 + $1.25 per contract
Futures Contract Fees
NA
NA
Markup Fees on Spread
NA
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
No
No
Non-Trading Fees
Dormant Fees
$0
$0
Subscription Fees (for premium features, data feeds)
NA
NA
Advisory Fees
$0.75-$0.85
NA
Swap Fees (Overnight Financing)
NA
$45 / security
Statement or Document Fee
NA
$2.50 / trade Paper account statements $6 / quarter
Account Opening Fee
$0
$100 setup + $50 / year after first year
Account Maintenance Fee
$0
$25/ quarter
Deposit Fee
$0
$0
Currency Conversion Fee
$0
$100 / transaction
Withdrawal Fee
Wire transfer- $75
Account transfer out $150
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes- Occasionally
Yes
Customer Benefits (e.g., Retirement Plan)
Yes
Yes
Trading Hours
Trading Hours (for each asset class if applicable)
Pre-market orders between 8:00 am - 9:30 am, ET or post-market orders between 4:00 pm - 5:00 pm ET.
Pre-market trading: Available online and by phone from 8:30-9:29 AM ET, After-hours trading: Available online and by phone from 4-5 PM ET
Customer Support
Support Hours (e.g., 24/7, weekdays only)
Mon - Fri 7am - 10pm ET, Sat 8am - 8pm ET
Monday to Friday 8:30 am to 8:00 pm ET
Customer Support Methods (phone, email, live chat)
Hard of hearing call: 711, Phone: 1-888-925-2559, +1-316-652-6430, E-mail: Login to send a secure message, Live chat
E-mail: [email protected], 1.877. 787.2330
Support Languages
2
2
Additional Information
Headquarters Location
Charlotte, North Carolina, USA
Canada
Complaints (for crypto brokers)
No
No
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