We don't charge commissions for stocks and ETFs priced $2 and higher. Low-priced securities are charged a $4.95 base commission plus one cent per share on the entire order. We define a low-priced security as any equity below $2.00. In general, the maximum commission charge doesn't exceed 5% of the value of the trade.
Ally Invest is an easy-to-use platform for beginner investors. They offer fee-free investing for self-directed traders, plus they also have no fees for their managed portfolios.
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 Overview
With a $0 commission for stock and ETF trades, this is one of the cheapest firms in the industry. Throw in good trading tools, ample research and educational materials, a good selection of fixed-income products, and forex trading, this firm is definitely worth checking out.
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%).
The Ally Invest Self-Directed Trading platform gives you the ability to build your own investment strategy and trade stocks and exchange-traded funds (ETFs) for $0 per trade on U.S. listed stocks and no account minimum.
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.
Inside your new Ally Invest account, request a transfer. Click on the 'My Accounts' in the top purple row of tabs. In the drop-down menu, select 'Transfer Funds' and then choose 'Transfer an Account.
Transfers from Ally Bank to Ally Invest accounts take 1-2 minutes. Transfers from Ally Invest Self-Directed to Ally Bank accounts take 1-2 minutes. Transfers from Ally Invest Managed Portfolio to Ally Bank accounts can take up to 5 business days since we have to rebalance your portfolio.
7 Smart Ways to Invest $1,000
If you want to invest directly in the stock market, $100 won't buy you much if you're going to purchase individual stocks. But you can buy into an entire market by investing with an index-based ETF. ETFs are like mutual funds, except they have lower fees and don't charge sales or redemption loads.
Our banking subsidiary, Ally Bank, is an indirect wholly owned subsidiary of Ally Financial Inc. and a leading franchise in the growing direct (online and telephonic) banking market, with $33.9 billion of deposits at December 31, 2010.
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