Ally Investing review
Whether you are an expert or a beginner investor, check out the Ally Investing review and start growing your earnings right away!
Ally Investing: invest with lower fees!
Ally Investing offers Self-Directed Trading for those investors who want the freedom to work on their portfolio and Robo Portfolios for those who wish for professional recommendation with no advisory fees, and you’ll learn all about it in this review!
Also, it provides you with many tools and resources, such as calculators and educational articles, so that you can invest with wisdom and confidence. And it gives you access to brokers whenever you need help with excellent customer support. So, please find out more about it by reading our Ally Investing review post!
|Trading fees||$0 for stocks, ETFs, and options (plus 50¢ per contract fee);|
– mutual funds: load – Purchases: $0 / Sale: see terms & conditions;
– bonds: $1.00 per bond ($10.00 minimum, $250.00 maximum) per transaction;
– treasuries: $1.00 per bond ($10.00 minimum, $250.00 maximum) per transaction;
– CDs: $24.95 per transaction
|Promotion||Up to $3,000 in bonus cash when you open an invest account|
|Investment choices||Stocks, ETFs, Options, Bonds, Mutual Funds, Forex|
How does Ally Investing work?
Firstly, you can choose between a self-directed trading account or Robo portfolios. The main difference between them is that a self-directed one is better for those hands-on investors. And the Robo portfolios are monitored by Ally.
Secondly, there are no commission fees charged for the self-directed account for U.S. listed stocks and ETFs. Plus, no commissions on option trades and the cost per contract is just 50¢.
On the other hand, there are no advisory fees for the Robo plan, and you can start investing with $100.
Thirdly, Ally provides you with outstanding customer service, an excellent platform including a mobile app, educational resources and tools like calculators, and effortlessly transfers.
Finally, Ally Invest is a SIPC member, which means you are covered and protected.
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Ally Investing benefits
Both types of accounts offered are low-cost and feature a full range of investment choices. The Self-Directed one allows you to manage your own portfolio with free fee-commission for stocks and ETFs and no account minimums.
The Robo plan offers automated portfolios managed by specialists, with no advisory fees, annual charges, or rebalancing fees. However, it requires a minimum of $100 to get started.
In general, Ally is a great online brokerage with excellent tools and educational resources so you can invest more intelligently and better.
- Ally offers excellent tools and resources, including the trading platform, mobile app, calculators, and educational articles;
- It features low costs and affordable fees;
- It provides a full range of investment choices;
- There are no account minimums for Self-Directed Trading account;
- You get up to $3,000 in bonus cash when you open an investment account.
- Ally doesn’t offer fractional shares and crypto;
- It lacks no-transaction-fee mutual funds.
Should you join Ally Investing?
Whether you are an expert investor or a beginner, Ally offers a range of investment choices, tools, and resources, so you can open an account, start investing at low cost, and watch your money grow right away!
Can anyone open an Ally Investing account?
To open an account, you don’t need an account minimum. However, note that choosing a Robo portfolios account requires a $100 initial minimum deposit. And Self-directed brokerage margin accounts require a minimum of $2,000.
How to open an Ally Investing account?
It doesn’t matter if you are an expert investor or a beginner; Ally is here to help you out. Then, learn how to open a Self-directed Trading account or start planning a Robo portfolio.
About the author / Aline Augusto
Reviewed by / Aline Barbosa
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