Feel free to ask questions of other members of our trading community. We realize that everyone was once a new trader and needs help along the way on their trading journey and that’s what we’re here for. There are encryption and security technologies to protect Ally Bank accounts. They also employ account security measures to stay current with the latest threats. It’s a good platform for someone starting to become a short-term trader and long-term investor.
- Investors looking to invest directly in cryptocurrencies should consider alternative options.
- There was plenty of helpful content on these pages, such as how to start investing in three simple steps and how to become a better investor, but the information was not organized well.
- And Ally lets you bank with them, as well as offers loans and multiple rewards credit cards.
Related Ally Invest fees 2025 Guides
Self-directed Ally Invest accounts require no minimums and have no advisory fees. Robo-Portfolios require a $100 minimum, and only market-focused portfolios charge a 0.30% annual advisory fee. Personal Advice accounts require a $100,000 minimum and charge an advisory fee between 0.75% and 0.80%. If you are a passive investor, you can use the platform's robo-advisor to invest in a diversified portfolio of ETFs with a $100 minimum investment. Multiple robo-portfolio options are available, including tax-optimized and socially responsible portfolios.
Ally Invest margin requirements, base lending rate (BLR), leverage, and broker lending cost.
Ally Invest Robo Portfolios invests a portion of your funds into one of its diversified portfolio options (either cash-enhanced or market-focused), with the remaining funds set aside as cash to earn interest. Ally's margin rates range from 7.50% to 12.00%, which is higher than platforms like Interactive Brokers (5.17% to 5.58%) and Robinhood (4.7% to 5.75%). You can't directly trade cryptocurrencies with Ally, but you can invest in crypto-specific funds and stocks for crypto-market exposure. For example, you can invest in crypto trusts, bitcoin futures, and stocks of companies that trade cryptocurrencies. If you want to trade currency, Ally also provides a dedicated app for that called Ally Forex.
No-transaction-fee mutual funds
If you transfer the account, that’s an additional $50, while a partial account transfer will also run you $50. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. We have a basic stock trading course, swing trading course, 2 day trading courses, 2 options courses, 2 candlesticks courses, and broker courses to help you get started.
- If you already have an Ally Bank account, investing with Ally Invest is only a few steps away.
- Ally Invest makes banking and investing within one platform feel seamless, and it has robo-advised portfolios and personal investment advice.
- You might also encounter other fees from Ally Invest Securities LLC and its partner, Apex Clearing Corporation.
This is especially true for savers who are decades away from retirement and have years to weather the stock market’s ups and downs. Even with cash earning around 4%, as it is as I write this, it can’t keep up with the 10% that the stock market has delivered on an average annual basis for decades. We evaluated each brokerage’s affordability by analyzing trading fees, fund expenses and minimum investment requirements. Ally Invest beats competitors such as Schwab and Fidelity on its options contract fees, but it doesn’t have fractional shares or cryptocurrency. Our researcher found the “Quick Trade” button to be handy, and it took them directly to the trading window. They thought trades were executed quickly and that the costs, commissions and fees were clearly spelled out.
Research tools
These products are generally in line with Ally’s investment products in terms of quality and competitive rates. Ally Invest joined a number of other online brokerages in eliminating commissions on most stock, ETF, and options trades. This was big news and the culmination of a long price war among brokers. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. Forex products and services are also only offered to self-directed investors on Ally Invest Forex and new accounts require a $250 minimum deposit. Furthermore, the Ally Invest Forex accounts enable you to spot trade gold and silver.
By offering commission-free online stock and options trading, it empowers individuals to take control of their financial destinies. The platform’s extensive tools, resources, and user-friendly interface cater to both novice and experienced traders alike. Unfortunately for retirement investors, Ally's brokerage offerings aren’t yet on the same level as its bank products.
In addition to not charging a base commission for options trades, Ally Invest's per-contract fee comes in lower than some other brokers at $0.50 per contract. Ally offers seamless integration between high-yield savings accounts, checking accounts, and investment tools—all within a single digital platform. Ally Invest delivers a solid educational foundation for new investors and families. No, Ally Invest does not currently offer a dedicated desktop or advanced trading platform.
Ally investing fees are quite low across all of its solutions, including its robo-advisory and wealth management services. We provide broker reviews and ratings to help users find a suitable broker according to their own needs. However, you must do your own due diligence and make your own decisions when choosing a broker. This compensation should not be seen as an endorsement or recommendation, nor shall it bias our broker reviews.
Ally Invest Features:
You can begin trading with a $0 account minimum, and margin rates and options trading are affordable. Ally Invest is a comprehensive broker offering easy access to domestic markets. Combining a wide range of charting tools with an easy-to-master platform, Ally is a solid choice for both new and experienced investors. Ally’s mobile app is particularly impressive for investors who already bank with Ally, offering seamless compatibility between accounts.
SIPC insurance doesn't apply to investment losses or price fluctuations. Ally is also regulated by the Securities and Exchange Commission to ensure compliance with securities regulations, and by FINRA, which regulates broker-dealers. Ally Invest’s mobile app is a part of the larger Ally Bank app, and lets users access holdings, the trading platform, research, screeners, a stocks watchlist and more.
Trending in Investment
If you want to avoid being charged for Ally Invest inactivity fees after a longer period of time, you need to be strategic about the Ally Invest trading activity you engage in. When you purchase anything on Ally Invest, including Forex, Commodities, Indices, Stocks, Crypto, Futures, CFDs or any other assets, you will be subject to Ally Invest spread fees. They are accounted for in the total purchase price that is displayed to you in Ally Invest.
The fees are deducted from your Ally Invest available balance and vary depending on the value of your Ally Invest position as well as the direction (BUY or SELL) that it is moving in. Ally Invest supports the Forex, Commodities, Indices, Stocks, Crypto, Futures, CFDs withdrawal methods. Available Ally Invest deposit methods may differ depending on your country of residence. If you’re invested in ETFs within a portfolio, you may also be charged an underlying ETF expense ratio, which covers total operating expenses over a year. Ally Invest earned high marks for its transparent pricing, fast account setup and clear onboarding process, though it lost points for its limited tools and research. Ally Invest does not offer any proprietary research at this time and relies solely on third-party research from TipRanks, Morningstar, and CFRA.
If you purchase stocks valued at less than $2 per share on the OTCBB or Pink Sheet market, you’ll pay a base commission of $4.95, plus a commission of $0.01 per share purchased. You’ll need to make a minimum investment of at least $100 before commissions before Ally executes your order. Ally offers full access to U.S. stock and ETF markets, including the OTCBB and Pink Sheet markets. All stock and ETF purchases come with $0 fees if purchased from standard U.S. exchanges.
While some crypto-specific funds and stocks provide your portfolio with indirect exposure to crypto, Ally invest does ally invest review not directly support crypto assets. Investors looking to invest directly in cryptocurrencies should consider alternative options. Plus, the browser-based platform offers several features including charts, watchlists, profit/loss, and research tools to stay on top of market data and events. Traders are able to move cryptocurrency holdings from the Ally Invest trading platform to their own personal Ally Invest crypto Wallet. Ally Invest management fees are calculated as a percentage of the assets that are managed in each fund, which is referred to as the AUM. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
