Ally Invest review
Find out if Ally Invest is the right brokerage for you with our in-depth review. We cover everything from their fees and minimums to the trading platform and tools they offer.
Ally Invest: Trade stocks and ETFs commission-free.
When it comes to picking an online broker, there are a lot of choices out there. So, how do you know which one is right for you? In this Ally Invest review, we’ll take a look at what makes this particular company so attractive to new and experienced investors. We’ll go over what Ally Invest is, how it works, and why you might want to consider using it.
With a wide range of investment products and tools, Ally Invest can accommodate nearly any investing style. Plus, there are no account minimums or fees to get started. So if you’re new to investing or just want to explore a few different options, Ally Invest may be the perfect place to start.
So if you’re ready to start investing, take a closer look at the brokerage’s main features below and keep reading our comprehensive Ally Invest review to learn everything about this company and what it can do for your financial life.
- Trading Fees: $0 for eligible stocks in the U.S., $0,50 per options contract and $9,95 for mutual funds.
- Account Minimum: There is no account minimum.
- Perks: Customers get cash bonuses for deposits starting at $10,000.
- Investment Choices: Stocks, OTCBB, ETFs, mutual funds, Fixed Income, Foreign Exchange and more.
Ally Invest: how does it work?
Ally Invest is a great option for beginner investors because it allows you to trade without having a minimum account balance. The platform has options for investors of all levels. You can get a self-directed account and not worry about balance requirements. You can also get a managed account with a minimum of $100.
The platform also works for more active traders because it provides competitive rates, educational support, a great customer service and an easy-to-use online platform. You’ll be able to trade some stocks and ETFs at a $0 commision fee and pay only $9,95 to trade mutual funds with Ally.
You can become eligible for cash bonuses for each $10,000 you deposit into your account. However, that is a perk enjoyed mostly by the wealthy since it takes a lot of money to actually make use of this particular advantage.
With Ally, you won’t be able to buy any cryptocurrencies, but you can look into crypto-based products if you’d like.
You will be redirected to another website
Ally Invest: should you join?
Next, we’ll discuss the pros and cons of using Ally Invest so that you can make an informed decision about whether or not it’s the right platform for you. Keep reading our Ally Invest review to learn more!
- There is no account minimums;
- Great customer service available 24/7;
- There is commision-free trading available in stocks and ETFs;
- Easy and intuitive online platform.
- You’ll be charged for mutual fund trading;
- There are no physical branches;
- There are no fractional shares;
- No access to cryptocurrency trading;
Does it require a good credit score?
Not at all. You don’t have to worry about credit scores with Ally Invest because they don’t perform credit checks for trading. You can invest your money regardless of your rating. However, be aware that while the platform doesn’t have a negative impact on your score, it won’t help you improve it either.
Ally Invest: how to open an account
If reading our Ally Invest review got you interested in opening an account, we’ll help you out. The process is fast and as straightforward as it can be. Follow the link below for more details on how to open your Ally Invest account online and in minutes.
About the author / Aline Barbosa
Discover it® Miles review: Unlimited 1.5 Miles per Dollar
If you are looking for a credit card that gives you good mileage per dollar, read this Discover it® Miles review and learn all about it.Keep Reading
Get Pre-Approved for a House Loan – Secure Your Dream Home with Mortgage Pre-Approval
Discover the benefits of getting a pre-approval for a house loan and how it can help you secure your dream home!Keep Reading
You may also like
Journey Student Rewards from Capital One application
Apply for the Journey Student Rewards from Capital One to enjoy cashback rewards! This post will tell you more about the application process.Keep Reading
Novo Business Checking Account review
In this Novo Business Checking Account review you will see how it can help you streamline your bookkeeping and invoicing.Keep Reading