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September 22, 2017

Ally Invest Promotions

Save with top Ally Invest promotions for cash bonus, free trades, and transfer fee reimbursement.


Top Ally Invest Special Offers

Ally Invest (formerly TradeKing) is one of the most trusted online brokers. Its offers low fees per trade, superior customer service, and a full range financial services. Read our in-depth review to see why Ally Invest scored 4.4 out of 5 stars.

Ally Invest is currently offering two promotions:

Cash Bonus and Free Trades Promotion

Ally Invest now offers a big bonus for new qualifying customers: up to $100 cash bonus OR $500 of free trades.

This deal is for new customers with $25,000 minimum opening deposit. You must open the account by October 12, 2017 and fund it within 10 days of account opening.

  • $100 Cash Bonus: You must maintain the account minimum of $25,000 and execute at least 3 trades within 90 days of account opening. You will receive the cash credit within 10 business days of meeting the requirements.

  • $500 of Commission-Free Trades: If you choose this option, you will receive $500 in credit for equity, ETF, and option trades made within 90 days of account opening. You also must maintain the account minimum of $25,000 for 90 days.

Here is how to get this offer on Ally Invest: You'll need to open a new account and follow the promo terms including making the minimum qualifying deposits within 10 days of account opening.

    Ally Invest

    Get $100 Cash Bonus

    New Ally Invest customers only with $25,000 minimum opening deposit. Account must be funded for at least 90 days to be eligible for cash bonus. Excludes retirement accounts.

    Expires 10/12/2017

    Ally Invest

    Get 90 Days Free Trades

    New Ally Invest customers only. Get up to $500 in commission-free trades for 90 days with $25,000 minimum opening deposit. Includes all trades and options contracts.

    Expires 10/12/2017

Ally Invest Transfer Fee Reimbursement

Ally Invest will reimburse the account transfer fees up to $150 charged by another broker when you transfer your account (with a value of $2,500 or more) to Ally Invest.

Here's how it works:

  1. Open a new Ally Invest account.

  2. Complete the transfer form.

  3. Make sure you have a copy of the entire most recent statement from your current broker.

  4. Log into your account and go to the Investments section. Select “Document Upload” to upload the form.

  5. Or mail in the form to Ally Invest Securities, PO Box 49050, Charlotte, NC 28277

Reimbursements will be made to your account via credit within 30 days of receipt of proof of transfer fees.

    Ally Invest

    Switch to Ally Invest and get up to $150 in transfer fees reimbursed

    Move your account to Ally Invest and they will credit your transfer fees up to $150 when you complete a first-time account transfer of $2,500 or more. This transfer reimbursement offer does not apply to Termination Fees or Maintenance Fees

Note: Ally Invest reserves the right to terminate the offer at any time without prior notice or extend the offer at its sole discretion.


How to Get the Best Deal at Ally Invest

Ally Invest offers some of the lowest fees among online brokerages. It has a wide product variety, a great trading platform, and great research tools. Before you go with Ally, though, find out how Ally Invest works to find out if it's the best discount broker for you.

Check for promotions. Ally Invest typically offers some sort of promotion for investors opening up new accounts. However, you usually need a large opening balance to qualify for the deal.

    Ally Invest

    Get $100 Cash Bonus or $500 in Commission-Free Trades

    Expires 10/12/2017

    New Ally Invest customers only with $25,000 minimum opening deposit

When to Use Ally Invest

  • Anytime you’re ready to invest. Ally Invest has no minimum account requirement. However, if you want an Ally Invest Managed Portfolio, the minimum balance required is $2,500.

  • When opening an IRA. There’s no minimum account balance for an IRA with Ally Invest, so it’s a great place to supplement your other retirement savings.

  • If you want to trade Forex or Futures. Not all brokerages has Forex or Futures trading. Ally Invest offers a very wide breadth of services, so you can invest in almost anything.

  • When you’re unhappy with your current broker. If you have at least $2,500 managed by another broker, Ally Invest will pay up to $150 in other broker transfer fees when you make the switch.

What to Do After You Open an Account

  • Take advantage of customer service. Ally Invest ranks high for its customer service, whether it’s on the phone or online. They offer 24/7 help, so you can access someone anytime you have a question.

  • Download the mobile app. You can make trades, get live streaming quotes, chart positions, current news, and set custom stock alerts from the convenience of your phone.

  • Use the research tools. Ally Invest has some great research tools, including: streaming charts, company snapshots, profit/loss calculator, and probability calculator.

Best Things to Trade at Ally Invest

  • Stocks. Trading stocks online is easy with a simple flat fee of $4.95 per trade. This is extremely inexpensive. It’s also the lowest among online discount brokers.

  • Options. Trading options costs just $4.95 + $0.65/contract.

  • Bonds. Investing in bonds cost just $1 per bond, with a $10 minimum.

    Highlights

    Stock Trading
    $4.95 per trade ($3.95 per equity trade special pricing for high-volume/high-balance traders)
    Options Trading
    $4.95 base + $0.65 per contract (50 cents per options contract special pricing for high-volume/high-balance traders)
    Mutual Fund Trading
    $0 to buy/sell load mutual funds
    $9.95 to buy/sell no load mutual funds
    Penny Stocks
    $0.01 per share on the entire order for stocks priced less than $2.00. Maximum commission per order not to exceed 5% of the trade value, with minimum commission of $4.95.
    Broker Assisted Trades
    $20 + Regular Commission
    Minimum Deposit
    $0
    Banking
    Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.
    Customer Service
    (855) 880-2559 (Open 24/7)
    Online Community
    Trader Network to connect with other investors

    More Information

  • Pricing information from published website as of 09/18/2017
  • For the complete terms and conditions, view the merchant's website. While reasonable effort has been made to maintain accurate and updated information, the information shown on this site may vary, be out of date, or not applicable to you. All information is provided without warranty. Please review the terms and conditions on the merchant's website.
 Ally InvestScottrade
 Visit SiteLearn More
 

Ally Invest

Scottrade

 

Benefits and Features

Stock Trading$4.95 per trade ($3.95 per equity trade special pricing for high-volume/high-balance traders)
$6.95 per trade
Options Trading$4.95 base + $0.65 per contract (50 cents per options contract special pricing for high-volume/high-balance traders)
$6.95 + $0.70 per contract
Mutual Fund Trading$0 to buy/sell load mutual funds
$9.95 to buy/sell no load mutual funds
No Fee to Buy/Sell/Exchange No-Load, No-Transaction Fee Funds
$17 to Buy/Sell/Exchange No-Load Funds
$0 to Buy Load Funds and $17 to Sell/Exchange Load Funds
Penny Stocks$0.01 per share on the entire order for stocks priced less than $2.00. Maximum commission per order not to exceed 5% of the trade value, with minimum commission of $4.95.$6.95 per trade + 0.5% principal for any stock trading under $1
Broker Assisted Trades
$20 + Regular Commission
$32
Inactivity Fee 
$0
Maintenance Fee 
$0
Minimum Deposit
$0
$2,500 for brokerage accounts
No account minimum for retirement accounts
BankingIntegrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.Scottrade Bank has no monthly maintenance fees, ATM reimbursement program, online bill pay, and mobile banking.
Mobile App
Desktop App ScottradeELITE (requires you execute 9 or more stock or option trades during the past 3 months, have $25,000 in your primary account, or have $15,000 in your primary account and combined linked assets of $25,000 or more)
Forex Trading
 
Futures Trading
 
Customer Service
(855) 880-2559 (Open 24/7)
(800) 619-7283 (Monday to Friday 6am to 1am Eastern; Saturday and Sunday 9am to 7pm Eastern)
Locations 
More than 500 branch locations
Online CommunityTrader Network to connect with other investors 
Seminars In-person branch seminars, online events and live webinars
Virtual Trading ScottradeELITE offers virtual trading
 Visit SiteLearn More

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Ally Invest: Pricing information from published website as of 09/18/2017

Scottrade: Pricing information from published website as of 03/27/2017


Articles on Ally Invest

    Ally Invest

    September 5, 2014 - By Cynthia Cohen - Reviews for Ally Invest
    Ally Invest (formerly TradeKing) offers one of the lowest trade fees, but is it good? Learn the pros and cons and see comparisons with other online brokers in this in-depth review.

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