Free and low-cost trading: Ally Invest has commission-free trades for eligible U.S. stocks, options and exchange-traded funds (ETFs), and very low contract fees on options trades, at $0.50 per contract. The number of no-transaction mutual funds on offer is impressive, too, at over 11,200.
$0 Commissions
Commission-free trading on eligible U.S. stock, ETF, and Option trades.
Do you charge a fee for transfers? No. Standard and expedited transfers between your Ally Bank and Ally Invest accounts are free. Transfers between your Ally Bank or Ally Invest accounts and accounts at other institutions are also free.
Ally Invest charges $0.01 per share on the entire order on Pink Sheets/OTC BB/penny stocks. The maximum fee is 5% of trade value. Ally's penny stock definition: stocks priced $2.00 or less. Ally Invest imposes a $100 minimum trade amount for all OTC securities.
Day-Trading Disclosure. ALLY INVEST SECURITIES LLC (“Ally Invest”) DOES NOT PROMOTE DAY-TRADING. ... Customers are considered as engaging in Pattern Day Trading if they execute four or more stock or options day-trades within five business days in a margin account.
With zero commissions and no required minimum — as well as a robust selection of trading features, sterling customer service, and online banking — Ally Invest stands out as a great stock broker for both new and experienced traders. In this Ally Invest review, we'll check out just what makes this broker so appealing.
Ally Invest offers fee-free investing for managed portfolios and for self-directed trading! That coupled with their helpful research tools and low minimum investment, makes Ally perfect for beginner investors.
Is Ally Invest better than E*TRADE? After testing 11 of the best online brokers over three months, E*TRADE (94.28%) is better than Ally Invest (76.84%).
Standard transfers between Ally Bank and non-Ally Bank accounts, requested before 1 am ET Monday – Friday, will take 3 business days. Transfers eligible for next-day delivery between Ally Bank and non-Ally Bank accounts, requested before 7:30pm ET Monday – Friday, will take 1 business day.
Because Ally doesn't charge monthly maintenance fees, there's no need to worry about how to avoid them. You'll only pay fees on optional services, excessive transactions, overdrafts and returned deposits.
Ally Invest has competitive pricing, helpful trading tools and an easy-to-use trading platform. With no account minimum and thousands of no-transaction-fee mutual funds on offer, it's easy for beginners to get started, while active investors will appreciate Ally's commission-free trades on eligible U.S. securities.
Ally's base commission for equity trades is a flat $0 per trade. For stocks trading below $2/share (i.e. penny stocks), Ally Invest charges a variable commission equal to $0.01 per share (with a minimum commission of $0 and a maximum equal to 5% of the trade's value).
Robinhood has been cited as a foremost leader in that movement, although both it and Ally Invest are now relatively equal in that regard. Both services have $0 commission on stocks, exchange-traded funds (ETF) and options. There are also no required minimums to start or maintain your account.
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