Ally Invest Reviews and Account Opening Terms

It’s limited to a combined return to any customer from a Trustee, SIPC and London Underwriters of $37.5 million, including cash of up to $900,000. Like SIPC protection, comparison it doesn’t protect against a loss in the market value of securities. Transfer individual stocks or all your investments online from most major brokerages.

Ally Invest

does not offer fractional share investing, forcing investors to purchase shares at full price. While that won’t necessarily make it impossible to invest, it will make it extremely difficult to diversify within small portfolios. For current Ally customers looking to invest in stocks, Ally’s universal-accounts experience and easy-to-use website offer a convenient solution.

Ally Invest main highlights

Accounts managed by Advisors Inc. are offered through our affiliate broker dealer, Ally Invest Securities LLC. Highly diversified across domestic, international, and fixed-income assets. You can choose the amount of risk you are comfortable with, from conservative to aggressive. If you’re more of a hands-off investor, consider this portfolio type. A professionally managed robo portfolio keeps you on track, so you can focus on other goals.

Ally Invest

Zero-dollar commission and low-priced mutual fund trades make this one of the best stock brokers we’ve seen. In this review, we’ll cover everything you need to know to decide whether this brokerage is for you. Investors have to put in this minimal effort to make risk-free money on idle cash. This is a nice option considering many online brokers pay no or lower interest rates on cash balances. Ally Invest platforms for self-directed and managed accounts integrate well with other Ally products, such as Ally’s online banking, credit cards, CDs, and home and auto loan offerings. This provides Ally customers with an easy-to-see snapshot of their overall financial condition and their various financial products in one place.

Looking for commission and fees data for Ally Invest?

While SIPC protects your funds in the case that fails, it does not protect against investment losses from the market. Our brokers or service team are available 24/7 to answer your investment and account questions. Also, if you have a Wealth Management account, our dedicated concierge team is here to help with all things wealth, plus your other Ally Invest and Ally Bank accounts, too. We offer a wide selection of resources to help investors of all experience levels make the most of their investments, including advanced charting tools and numerous calculators.

  • It’s great that educational materials are broken down into product categories (e.g. stocks, ETFs).
  • If the principal value of the order is less than the base, the commission is equal to the full trade value.
  • Any amounts unable to purchase a full share will result in fractional shares rather than idle cash being returned to your account.
  • Bonds trade at $1 commission, and you can buy and sell no-load mutual funds for a fee of $9.95 per trade.
  • But this latter point probably shouldn’t be a deal-breaker for most investors.
  • A glance at actual costs and whether Ally Invest is really free.

The managed portfolio offering has a well-designed asset allocation display, but that feature does not extend to the self-directed investing account. For more on Forex’s robo-advisory, which manages the portfolio in conjunction with investment professionals, check out our review of that specific feature. The trading area allows the investor to choose between stocks/ETFs and options. With options, you select an option strategy and are then prompted to select strikes desired; these strikes can also be changed easily. After entering the required data the order entry screen continues through an order review and confirmation process. Ally Invest platforms work well, even though the technology is a bit dated and there may be more than one screen/platform required at the same time. Ally Invest does not support trailing stops or contingent orders, such as attaching profit-taking and stop-loss levels to an initial limit order.

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