Ally Invest Review

Ally Invest Review

Company Overview: Ally

Ally is a leading online stock broker that is changing the online banking landscape. As one of the nation’s largest auto financing companies, Ally purchased TradeKing to bolster its stock brokerage and wealth management platforms. Today, Ally offers both self-directed and managed products for every level of investor, with some of the industry’s lowest fees. Ally Invest serves over 250,000 customers that total almost $5 billion in assets.

Ally Invest Overview

Ally offers attractive rates and terms compared with other top online stock brokers:

Account Minimum: $0

Commission: $4.95 per trade

Options: $4.95 + $0.65 per contract

Real-Time Data: Yes

Screening Tools: Yes

Research: Yes

Charts: Yes

Able To Trade: stocks, bonds, mutual funds, ETFs, options, futures, foreign exchange

Inactivity Fee: $0

Outgoing Transfer Fee: $50

IRA Closing Fee: $50

How Ally Compares: Key Benefits Of Ally Invest

Here are some of the reasons that investors love Ally Invest:

  • Low Fees: Ally Invest has among the lowest fees in the industry.
  • Account Minimum: You can open an Ally Invest online stock brokerage account with $0.
  • Real-Time: Ally Invest offers real-time quotes and data.
  • Other Features: Ally Invest offers free research and data, free investment screening tools and a customizable dashboard.
  • Customer Support: Ally Invest offers 24/7 customer support.

Bottom Line: Is Ally right for you?

Ally Invest has a top reputation as an online stock broker.

Its low fees, excellent trading platform, real-time data, free research and screening tools makes Ally Invest a solid investment platform. If you are looking for a low commission online stock broker, then Ally can be a reliable match.

If you are an active trader who trades more than 30 times per quarter or if you maintain at least a $100,000 account balance, then you can qualify for Ally Invest’s $3.95 per trade commission.
For active traders who trade options, the fees are lowered to $3.95 plus $0.50 per contract.
While there are no transaction-fee mutual funds, the fee is $9.95 for no load mutual funds.

Next Steps: How To Apply To Ally

You can open an Ally Invest account online within a few minutes, and the process is simple.


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Annual Fee

Overview

Account Minimum:$0

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 16 asset classes
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting
  • Customer support: M-F 8 a.m. – 8 p.m. EST; email 24/7

Overview

Account Minimum:$0

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 12 asset classes
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting
  • Customer support: 7 days a week
  • Unlimited access to licensed financial advisors

Overview

Account Minimum:$500

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 11 asset classes
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting
  • Unlimited access to licensed financial advisors

Overview

Account Minimum:$0

Details

  • Supports personal brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 9 asset classes
  • Free automatic portfolio rebalancing
  • Customer service: M-F 11 a.m. – 7 p.m. eastern

Overview

Account Minimum:$5,000

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 20 asset classes
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting for accounts with a minimum $50,000 balance
  • Free access to licensed financial advisors
  • 24/7 customer support

Overview

Account Minimum:$50,000

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolios are individualized and incorporate Vanguard index funds and ETFs, if needed
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting on client-by-client basis
  • Access to licensed financial advisors
  • 24/7 customer support

Overview

Account Minimum:$100,000

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting
  • Access to financial advisors

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Ally Invest Review
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