Ally Invest Brokerage Company Review

Ally Invest Brokerage Company

Website: ally.com/invest/

Ally Invest

Ally Invest is the wealth-management and brokerage platform of Ally Financial. Ally Invest allows traders to follow self-directed trading with their support. There is a wide selection of resources to trade in, along with the benefit of intuitive trading experience, research, account protection, and excellent customer support.

Traders can choose to go for self-directed trading or Ally Invest-managed portfolio. Self-directed trading is suitable for hands-on traders who are independent and only need the tools to trade. Ally Invest offers the opportunity to trade stocks, ETFs, commission-free ETFs, options, and bonds.

Ally Invest follows standard pricing of $4.95 per order, with a maximum commission of 5% of the trade value. Ally Invest requires a minimum opening purchase order of $100. Traders may also be charged at the commission rate of $3.95 per trade if the number of trades exceeds 30 in the previous quarter.

Similarly, for trading options, Ally Invest charges an additional commission of $0.65 per contract for less than 30 trades per quarter and $0.50 per contract for more than 30 contracts per quarter.

Ally Invest also provides education and informational content to traders. Such education helps traders improve their understanding of market trends and strategies. There are distinct education centers for trading, stocks, bonds, and much more.

Ally Invest completes the trading experience through its robust trading platforms. It offers a streaming HTML 5 platform for traders to manage their accounts, access portfolios, and make seamless trades. The trading platforms of Ally Invest can be used across multiple devices like desktops, mobiles, and tablets.