Securities products and services are offered through Ally Invest Securities LLC, member FINRA/SIPC. You can find background on Ally Invest Securities at FINRA’s BrokerCheck. View Securities Disclosures. Advisory services are offered through Ally Invest Advisors Inc., a registered investment adviser. View Advisory Disclosures. Ally Invest Advisors and Ally Invest Securities are wholly owned subsidiaries of Ally Invest Group Inc., a wholly owned subsidiary of Ally Financial Inc. Securities products are NOT FDIC INSURED, NOT BANK GUARANTEED, and MAY LOSE VALUE.
Options involve risk and are not suitable for all investors. Review the Characteristics and Risks of Standardized Options brochure (PDF) before you begin trading options. Options investors may lose the entire amount of their investment or more 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 prospectus contains this and other information and can be obtained by emailing email@example.com.
Ally Invest doesn't charge commissions for stocks and ETFs priced $2 and higher. Stocks priced less than $2 are charged a base commission up to $4.95 plus 1 cent per share on the entire order. Index options carry an additional fee of $0.35 per contract. See our Commissions and Fees page for more information.
Promotional Offers: Terms and Conditions
Cash Bonus Promotion - Offer is open to U.S. residents only and excludes current Ally Invest account holders and former Ally Invest account holders who have closed their accounts within the past 90 days. The offer is valid for one, new Ally Invest Securities LLC account per person. Ally Invest Advisors Robo Portfolios are not eligible for the promotion. The new account must be opened using the Open Account button associated with this specific promotional offer to be eligible for the bonus. This offer is not transferrable and other restrictions may apply. Ally Invest can modify or discontinue this offer at any time without notice. This is not an offer or solicitation in any jurisdiction where Ally Invest is not authorized to do business.
Funding - Accounts must be opened by 6/30/22 and funded within 60 days of account opening to qualify for the cash bonus. The funds deposited into the new account must be from outside Ally Financial. The new account must be funded with a minimum qualifying deposit of $10,000 or more to qualify for the minimum cash bonus. Once the account is credited with the bonus, the bonus and initial qualifying deposit (minus any trading losses) are not available for withdrawal for 300 days. If the qualifying deposit is withdrawn, the bonus may be revoked.
Cash Bonus - The minimum qualifying deposit to receive a cash bonus is $10,000. Cash bonus levels are identified above. Accounts will be reviewed 60 days after account opening to determine the total qualifying deposit. Corresponding cash bonus will be credited to the account within 10 business days. Once the bonus is credited to the account, the bonus and qualifying deposit (minus any trading losses) are not available for withdrawal for 300 days. If the qualifying deposit is withdrawn, the bonus may be revoked. All promotional items and cash received during the calendar year will be included in your consolidated 1099.
Transfer Fee Credit – If using an ACAT form, it must be received within 15 days of opening the new account. Account owners who complete a first-time ACAT transfer of $2,500 or more are eligible to receive a transfer fee credit of up to $150 to cover the outgoing transfer fee from the current brokerage firm. The credit will be deposited into the new account within 30 days of the receipt of evidence of charge. The credit cannot be applied to Termination or Maintenance Fees.
About Our Awards
The Benzinga 2020 Ally Invest review awarded Ally Invest 4 out of 5 stars.
- Benzinga reviews 36 brokerages and platforms annually
- Each review is made up of analysis on 20 categories including: features, tools, usability, price, customer satisfaction, account minimums and customer support
- Fee transparency and customer support are highly weighted in the Benzinga review
- Ally Invest did not pay to be reviewed
The field for this award was limited to brokers that offer stock, mutual fund, exchange-traded fund and bond trading, which included 11 firms to scrutinize this year. Each firm was tested in seven categories, including the breadth of their investment choices and the usefulness of their tools and research.
Given the move to free trading, the methodology was slightly tweaked for 2020. Fees and commissions received less weight in the calculation. In turn, the importance of brokers’ advisory offerings received more weight. Aside from the user-experience category, which was based on a test-drive of each broker’s website and mobile app by Kiplinger investing writers, category scores were calculated based on data provided by the brokerages, which were vetted by Kiplinger.
Here are the weights for each category: commissions and fees, 5%; investment choices, 20%; mobile app, 25%; tools and research, roughly 13% each; advisory services, 15%; and user experience, 10%. The best firm for you may depend on how you invest, how often you trade and the services outside of buying and selling you need.
To make it onto Business Insider’s list, brokerages must offer commission-free stock and ETF trades and no recurring account fees (not including robo-advisors). Other important focus areas include available investments, types of account, and high-quality investment platforms. Strong investment research and education resources were another plus, but carried less weight in the decision process.
Ally Invest was highlighted by NerdWallet as one of the Best Brokers for Stock Trading of 2019 and one of the Best Options Trading Brokers and Platforms of June 2019. NerdWallet’s editorial team spends countless hours researching and comparing to highlight the best investing services, many of which are from their partners. NerdWallet considers over 15 factors for online brokers and robo-advisors, like account fees and minimums, customer support and mobile app capabilities.
Ally Invest has a marketing relationship with several different publishers, including in some cases publishers who have issued awards to Ally Invest. The marketing relationship may influence which products get reviewed and where they appear on the site, but it does not affect whether or not the reviews themselves are favorable.