Ally Invest is a discount brokerage firm that offers low commissions and fees, making it an affordable option for investors. In addition to its low costs, the company also offers a wide range of investment options and tools to help investors make informed decisions about their money. The Ally Invest application process is simple and can be done online in minutes.

The company has a wide variety of investment options available, including stocks, options, mutual funds, ETFs, and fixed-income securities. In this article, we’ll take a closer look at how you can open an account and what you can expect from using their services.

Next, we’ll give you a breakdown of the steps you need to take to become an Ally Invest customer. So, keep reading to learn more!

The Ally Invest online application process is simple and you can do it in under a few minutes. First, go to Ally’s official website and select “Investing & Retirement” on the top menu. Then, on the drop-down menu, click on “get started”. On the next page, you will have three options to choose from. Choose “self-directed trading” and click on “learn more” next.

Read all the information provided by Ally about self-directed trading and after you’re done, click on “start trading”. The next page is a pretty standard application form where you’ll need to provide personal and contact information in order to continue with the Ally Invest application.

There are five steps to opening your account – all intuitive and easy to complete. As soon as you fill out all basic information, which also includes income, employment and banking info, you can click on “submit”. After that, you’ll need to wait on confirmation via email that your account has been opened. 

If everything goes accordingly, you can fund the account and start trading. 

You can also open your account with the Ally Invest mobile app. The application process is very similar to the one described above and you can have your account to start trading in under a few minutes. Just follow the step-by-step guide Ally will show you once you download the app for free on your Android or iOS device. 

If you are new to investing, the best thing you can do is look for an easy and understandable way in. Before taking too many risks, dip your feet in low-risk investments to get the feeling of what trading is like. 

To help you take that first step, we brought an article with the best low-risk investments for you to try it out. They’ll still pay you dividends and are much easier to manage. Take a look at the link below to learn all you need to know about them.