Ally Invest review 2019

Is Ally Invest a good broker?

Traders looking for a broker with low fees and no minimum deposit may find Ally Invest to be an excellent choice.

Fee

Account minimum

Promotion

$4.95
$0
N/A

Ally Invest is a publically-traded company based in the US under the ALLY ticker. It offers a variety of trading instruments, including stocks, ETFs, Forex and more. And what it's most important and it comes with incredibly low fees. In fact, the more you trade the less you'll pay with its volume-based fee structure.

The fact that there's no deposit minimum to open an account makes Ally Invest even more appealing. This way you can test their platform without burning a hole in your pocket.

What kind of trading platforms does Ally Invest offer?

Ally Invest offers only an HTML5 web platform. But you can also trade on your Android or iOS device.

Standout features

  • Low commission. Stocks come with $4.95 per trade and lower for high-volume traders. Options cost 0.65 cents per contract and a base fee of $4.95.
  • No deposit minimum. Other brokers may require a minimum of $500, but not Ally Invest. You can test the broker with any amount you want.
  • Managed portfolios. If you would prefer that a professional trader takes care of your money, you can start with $2,500 account.
  • Investment choices. Trade stocks, ETFs and commission-free ETFs, options, bonds and mutual funds.

Watch out

  • No branches. Unlike other US brokers where you can go in person and talk to a representative, with Ally Invest you have to do it all online.

What can I trade with Ally Invest?

  • Stocks & ETFs
  • Commission-free ETFs
  • Options
  • Bonds
  • Mutual Funds

How do I signup with Ally Invest?

  1. Go to Ally Invest website.
  2. Click Get Started.
  3. Choose your investment approach.
  4. Fill out the form.
  5. Fund your account.

Bottom line

Active traders looking for low fees and no minimum deposit could find Ally Invest to be an excellent choice. Aside from trading stocks, you can trade Forex, bonds, ETFs and more. And if you want a professional to handle your money, you can open a managed account.