Ally Invest IRA vs Tradestation IRA

Ally: best if you want

An Ally Invest IRA account offers users the opportunity to invest in a broad range of assets at low fees—and to choose between automated and active investing. (Although the Ally Invest robo-advisor is well regarded, this Ally Invest review will focus primarily on its self-directed trading account options, and specifically on its retirement account choices.)

Ally Invest is a particularly good option for those who already have an Ally Bank account since it allows them to manage both everyday spending and investing for the future in one easy-to-use platform. While its trading platform could benefit from more integrated third-party research choices and educational tools, it stands out among online brokers for its low fees and $0 minimum deposit. The Ally mobile app is also available for both Android and Apple to allow investors to manage their accounts and choose different investment options no matter where they are.

TradeStation: best if you want

TradeStation offers a professional-level trading platform with an individual retirement account (IRA) option for the advanced investor. From stocks, ETFs, mutual funds, options trading, futures, cryptocurrency, and bonds, TradeStation offers investment options that will appeal to a wide variety of investors, especially those who prioritize diversification. TradeStation’s platform includes access to heavy-duty tools, including data feeds, charts, and more.

Ally: other features

One of the reasons Ally is such an attractive option for those looking for a home for their retirement accounts is its suite of other features, including bank account products (both checking and savings) as well as credit cards, as well as mortgages, auto loans, personal loans, and more. Opening an Ally Invest account will allow existing customers to have a one-stop shop for most of their financial needs, all in one place

TradeStation: other features

TradeStation offers a few heavy-duty trading platforms that stand out amongst IRA providers, including a desktop, web trading, mobile app, and futures trading platform. The platforms connect directly to stock, options, and futures market centers to deliver a high degree and speed of execution. Additionally, TradeStation’s tools source from a massive database and offer options to customize your experience.

Conclusion

Ally Invest is a great place to open a new retirement account—or roll over an old retirement account like a 401(k). You’ll have access to a wide range of investment options with low fees, all in an easy-to-use web platform that’s well integrated with other financial services.

Not sure how to get started on the 401(k) rollover process? Capitalize is here to help. We’ll walk you through every step of the way so you can make the most of your hard-earned retirement money.

TradeStation is a serious platform with a strong history for the advanced investor. If you’re looking for access to a robust set of data feeds and tools, along with perks like no account minimums or annual management fees, TradeStation may be a great provider for your new IRA.

If you’re looking to fund your new TradeStation IRA with a 401(k) rollover, Capitalize can help. We’ve made it our mission to make this process easier for everyone. We can handle the entire process for you. Most of the process can be done online and our rollover experts will guide you through any of the manual parts. Get started with your 401(k) rollover in just a few minutes.