With any investing approach, high expenses can have a big impact on your returns. That’s why we have affordable, competitive fees and $0 commissions that won’t get in the way of your financial goals.
Stocks and ETFs
• Commission-free trading on eligible U.S. stock, ETF, and Option trades.
• Wide selection of commission-free ETFs from market leaders such as Vanguard, GlobalX, iShares, and more – including a selection of socially responsible funds.
We require a minimum opening purchase of $100 per order on OTCBB and Pink Sheet stocks. 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. If the principal value of the order is less than the base, the commission is equal to the full trade value.
Limited Trading Authorization (LTA) paper statement fee
$4 per account statement
Margin Reg T Extension
$10 + interest to settlement
$40 + regular commission
Non-transferable security charge per position
$20 per month
Option Position Management
OTCBB and Pink Sheet Stocks
Minimum investment of $100 per trade
Pre Pay Settlement
$20 + regular commission
Short Stock Loan charges on hard to borrow stock.
Daily charge at cost
Statements > 2
Tax document requests by fax and regular mail
Unit Investment Trust
Purchase: $0 (Subject to charges from the UIT), Sale: $9.95
$60 per year
Worthless Securities Processing
$30 Other fees may apply
Regular commission includes applicable option contract fees or low priced securities commission.
ACAT Transfer Out (Full or Partial)
$115 per position
DWAC Transfer Fee
$50 per position + Any transfer agent fees up to $150
$25 per position
Stock Certificate Deposit DTC Rejection Fees
Outgoing Domestic WIre Transfer
$30 Plus interest for any trades from the earlier of the settlement date or date of deposit
Returned 3rd Party Wires
Stock Certificate Deposit DTC Processing Fee
$300 per certificate
ORF (Options Regulatory Fee)
.0404 per contract (buys and sells)
.0218 per $1,000 principal (sells only)
.000119 per share (equity sells)
.002 per contract (option sells only)
Financial Industry Regulatory Authority (FINRA) transaction fee (TAF) This fee is charged on all stock and ETF sales at a rate of $.000119 per share with a minimum charge of $0.01 and a maximum charge of $5.95. This fee is rounded up to the nearest penny. Bonds are also subject to a TAF fee and can be charged up to $0.75 per bond traded, regardless of the bond's par value.
Note for GTC orders: If we receive partial executions on different trading days you'll be charged separate commissions.
Bonds & CDs - Ally Invest may act as principal on any fixed-income transaction. When acting as principal, we will add a markup to any purchase, and subtract a markdown from every sale. This markup or markdown will be included in the price quoted to you and you will not be charged any commission or transaction fee for a principal trade.
Index Products – Ally Invest charges this additional per contract cost on certain index products where the exchange charges fees. See a full list of index options that incur additional fees.
Stock Certificate Deposit Processing Fee - Commission on stock certificate deposited into Ally Invest will be equal to 5% of the principal amount of the trade. Stock
Certificates cannot be used to fund a new account.
Unit Investment Trust – Other Transfer Agent and Trade Settlement charges for certain securities may be passed through to you by our clearing firm.
Vault Fee - Restricted certificates held for missing paperwork, certificates for securities that are not DTC eligible, etc.
Cash balances do not currently earn interest. You may request that your account be enrolled in an interest-bearing Federal Deposit Insurance Corporation (FDIC) insured deposit sweep program. See current yield and additional information.
Ally Invest Securities' background can be found at www.finra.org.
Options investors may lose the entire amount of their investment in a relatively short period of time.
Investors should consider the investment objectives, risks, and charges and expenses of a mutual fund or ETF carefully before investing. A mutual fund/ETF's prospectus contains this and other information and can be obtained by emailing email@example.com.
Securities products and services are offered through Ally Invest Securities LLC, member FINRA and SIPC. Advisory products and services are offered through Ally Invest Advisors Inc., an SEC registered investment adviser.