Ally Invest

4.0(1.100 reviews)

US online broker with commission-free trading and integrated banking

SEC/FINRA RegulatedSince 2005

Trust Score

Very Good

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* External link. BeInOptions receives no compensation from this broker. All information is for educational purposes only and does not constitute investment advice.

0 $

Min. Deposit

Instruments

SEC/FINRA

Regulation

Platforms

Key Features

Stocks

Stocks trading available

ETFs

ETFs trading available

Options

Options trading available

Bonds

Bonds trading available

Mutual Funds

Mutual Funds trading available

Forex

Forex trading available

Ally Invest Web

Trading Platform

Ally Invest App

Trading Platform

Advantages

Commission-free stock and ETF trading
Low options fees ($0.50 per contract)
Integrated banking with savings account
Forex trading available

Disadvantages

Only available for US customers
Fewer research tools than Fidelity or Schwab
No futures trading available

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* External link. BeInOptions receives no compensation from this broker. All information is for educational purposes only and does not constitute investment advice.

About Ally Invest

Ally Invest was founded in 2005 in Charlotte and is the investment arm of Ally Financial Inc. As an SEC/FINRA-regulated broker, Ally Invest offers commission-free trading of stocks and ETFs as well as low options fees of just 0.50 dollars per contract. The seamless integration with the Ally Bank savings account makes Ally Invest an attractive all-in-one financial solution. The product range includes stocks, ETFs, options, bonds, mutual funds, and Forex. The combination of banking and investing in one ecosystem allows customers to manage their finances centrally. There is no minimum deposit for account opening. Ally Invest is particularly suitable for US investors who value the connection between banking and trading. The affordable options fees and access to Forex trading distinguish Ally Invest from many competitors. However, research tools are less comprehensive than at Fidelity or Schwab.

Ally Invest FAQ

What distinguishes Ally Invest from other US brokers?

Ally Invest offers seamless integration with the Ally Bank savings account, low options fees of 0.50 dollars per contract, and Forex trading – a rare combination among US brokers.

Is there a minimum deposit at Ally Invest?

No, Ally Invest does not require a minimum deposit to open a brokerage account.

Does Ally Invest offer Forex trading?

Yes, Ally Invest offers Forex trading, which distinguishes it from many other US brokers that do not offer currency trading.

How high are the options fees at Ally Invest?

Options fees at Ally Invest are 0.50 dollars per contract, which is significantly cheaper compared to most US brokers that charge 0.65 dollars.