June 7, 2019

Ally Invest Fees

Read more about Ally Invest
This article contains references to products from our partners. We may receive compensation if you apply or shop through links in our content. You help support CreditDonkey by reading our website and using our links. (read more)

Ally Invest offers commission-free stock trading and no minimum deposit. But are there hidden fees? Read this review before you open an account.

© CreditDonkey

    Ally Invest

    Get Up to $3,500

    Expires 12/31/2020

    The minimum qualifying deposit to receive a cash bonus is $10,000. 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) is not available for withdrawal for 300 days. If the qualifying deposit is withdrawn, the bonus may be revoked.

    Deposit or TransferCash Bonus
    $10,000 - $24,999$50
    $25,000 - $99,999$200
    $100,000 - $249,999$300
    $250,000 - $499,999$600
    $500,000 - $999,999$1,200
    $1,000,000 - $1,999,999$2,500

Ally Invest offers two services:

  • Self-directed trading at low cost
  • Cash-Enhanced Managed Portfolio services for no advisory fees

Read on to learn the fees and how it compares.

Ally Invest Self-Directed Trade Fees

Ally Invest's trade fees are some of the lowest on the market.

Stock and ETFs$0 per trade
Options$0 + $0.50 per contract
Mutual Funds$9.95 to buy or sell no-load mutual funds
Penny StocksAdditional 1 cent per share for stocks under $2 (max commission 5% of trade value)
Bonds$1 per bond (minimum $10, maximum $250)
Treasuries$1 per bond (minimum $10, maximum $250)
CDs$24.95 per transaction
ForexNo commission
Broker Assisted Trades$20 + regular commission

There is no minimum to open an account.

No-Fee Funds

Ally Invest offers over 500 commission-free ETFs from Vanguard, GlobalX, WisdomTree, iShares and more.

These cover domestic, international, and global equities, fixed income, currencies, commodities, and alternative strategies.

Here's what other brokerages offer:

BrokerageFree Offerings
Vanguard1,800+ commission-free ETFs
Charles Schwab500+ commission-free ETFs
Fidelity500+ commission-free ETFs
E-Trade250+ commission-free ETFs
TD Ameritrade300+ commission-free ETFs

Ally Invest offers a very competitive selection of commission-free ETFs. Though it doesn't offer any no-transaction-fee mutual funds.

Ally Invest Account Fees

Here are some of the more commonly encountered account fees:

Service Fees:

Fee DescriptionFee
Account service fee$0
Inactivity fee$0
Paper statements$4
ACAT transfer out$50
Outgoing domestic wire transfer$30
Returned checks, ACH, and wires$30
Tax documents request by mail or fax$50

IRA Fees:

Fee DescriptionFee
IRA annual fee$0
IRA transfer fee$50
IRA closure fee$25

Ally Cash-Enhanced Managed Portfolios Fees

Besides self-directed trading, Ally Invest also offers a robo-advisor service called Cash-Enhanced Managed Portfolios.

Ally will automatically build a portfolio for you based on your goals and risk tolerance. Your portfolio will be professionally managed, so you don't have to worry about maintaining it.

Cash Enhanced Managed Portfolio service is free of advisory fees. The minimum amount to start is $100.

This sounds too good to be true compared to other robo-advisors. Though the catch is that 30% of your portfolio will be held in cash. Learn more in our detailed review.

Ally Invest Promotions

Bottom Line

Ally Invest offers a robust, user-friendly trading platform for low cost. Ally is worth considering for budget investors or active traders. The biggest downside is that it lacks no-transaction-fee mutual funds. Mutual fund traders may want to look elsewhere.

Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.

More from CreditDonkey:


Invest $100

Ally Invest Phone Number


Leave a comment about Ally Invest Fees?
Email (won't be published)

Top Ally Invest Special Offers

Ally Invest (formerly TradeKing) is one of the most trusted online brokers. Its offers $0 commission on online stock, ETF and option trades, superior customer service, and a full range financial services. Read our in-depth review to see why ...

About CreditDonkey®
CreditDonkey is a stock broker comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

About Us | Reviews | Deals | Tips | Privacy | Terms | Contact Us
© 2020 CreditDonkey