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January 17, 2021

Ally Invest Promotions

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

Ally Invest is currently offering thirteen promotions. Read our in-depth review of Ally Invest to see why Ally Invest scored 4.4 stars out of 5. We like their low commission for stock trades, no account minimums, and ally platform.

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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 Ally Invest scored 4.4 out of 5 stars.

Ally Invest is currently offering two brokerage promotions:

Cash Bonus and Free Trades Promotion

Ally Invest now offers a big sign up bonus for new qualifying customers: up to $3,500 cash bonus.

The cash bonus deal is for new customers only. You must fund the new account within 60 days of account opening.

  • Commission-Free Stock Trades: Trade stocks, ETFs, and options at $0 commission. There is no minimum deposit amount.

Here is how to get the cash bonus offer on Ally Invest: You'll need to open a new account and follow the promo terms including making the minimum deposits within 60 days of account opening.

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.

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 promo codes on CreditDonkey. 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.

When to Use Ally Invest

  • Anytime you're ready to invest. Ally Invest has no minimum account requirement. However, if you want a Cash-Enhanced Managed Portfolio, the minimum deposit required is $100.

  • 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. Not all brokerages offers Forex trading. Ally Invest has an advanced Forex trading platform that even comes with a free $50,000 virtual practice account.

  • 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. Ally Invest Securities LLC is a member of FINRA and SIPC.

  • If you want to be hands-off. If you want someone else to do the work for you, Ally Invest Cash-Enhanced Managed Portfolios offers automated investing for no advisory fees.

What to Do After You Open an Account

  • Trade stocks. All Ally Invest accounts (regardless of your deposit amount) pay $0 commission on U.S. online stock trades.

  • Take advantage of customer service. Ally Invest ranks high for its customer service, whether it's on the phone or online.

  • 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.

You may also want to take a look at current Ally Bank Promotions for savings and CDs.

Best Things to Trade at Ally Invest

  • Stocks. Trading stocks online is easy with $0 commission per trade. This is extremely inexpensive. It's also the lowest among online discount brokers.

  • Options. Trading options costs just $0 + $0.50/contract.

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

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

Taxable income: Your earnings on taxable brokerage accounts will be considered taxable income and taxed at your ordinary tax bracket. Ally Invest provides a 1099 Form electronically. The 1099 Form will be available by the end of the 3rd week of February. You can find it in your account under Statements and Tax Forms.

    More Information

  • Pricing information from published website as of 07/18/2019.
  • 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 InvestRobinhood
 Visit SiteVisit Site

Ally Invest



Benefits and Features

Stock Trading
$0 per trade
Options Trading
$0 base + $0.50 per contract
Annual Fee All trades are commission-free. No platform fees.
Minimum Deposit
Mutual Fund Trading$0 to buy/sell load mutual funds
$9.95 to buy/sell no load mutual funds
Commission Free ETFs
All U.S. listed ETFs
Phone Support 
Penny Stocks$0.01 per share on the entire order for stocks priced less than $2.00. 
Broker Assisted Trades
$20 + Regular Commission
Customer Service
(855) 880-2559
Monday-Friday 9am - 6pm ET
Good For 
Beginners; Active traders
Inactivity Fee 
Maintenance Fee 
BankingIntegrated with banking on Manage your Ally banking and investment accounts in one place.No service fees for Robinhood Cash Management account. Free debit card with no in-network ATM fees or foreign transaction fees
Mobile App
Desktop App 
Forex Trading
Online Community 
Virtual Trading 
Fractional Shares 
Taxable Accounts 
IRA Accounts 
 Visit SiteVisit Site

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 07/18/2019.

Robinhood: Pricing information from published websites as of 04/18/2020.


Ally Cash-Enhanced Managed Portfolio

Annual Fee0% advisory fee for Cash-Enhanced Managed Portfolio
Minimum Deposit
Phone Support
Live Chat Support
Email Support
Human Advisors
Robo Advisor
Assets Under Management
$4.7 Billion
Tax Loss Harvesting
Goal Tracker
Automatic Deposits
Online Platform
iPhone App
Android App
Fractional Shares
Taxable Accounts
401k Plans
IRA Accounts
Roth IRA Accounts
SEP IRA Accounts
Trust Accounts
529 Plans
Annual Fee
Minimum Deposit
Human Advisors
Customer Service
 Learn More

Ally Cash-Enhanced Managed Portfolio: Pricing information from published website as of 09/18/2019

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About CreditDonkey
CreditDonkey is a personal finance 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.

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