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Ally Invest
December 8, 2022

Ally Invest Promotions

9 promo offers

Ally Invest is currently offering nine 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.

$0

Commission-Free Stock Trades

With no minimum account balance and no minimum trade activity

Invest in Stocks

Invest in stocks with Ally Invest, a CreditDonkey recommended partner. No account minimum. $0 commission on stocks and ETFs.

Invest in ETFs

$0 commission with no account minimum

Invest in Bonds

$1.00 per bond ($10.00 minimum, $250.00 maximum) per transaction

Invest in Mutual Funds

LOADPurchases: $0 (subject to change from mutual fund)
Sale: (subject to change from mutual fund)
NO LOADPurchases: $9.95
Sales: $9.95

Acorns

Sign up with Acorns and get a $20 bonus

Expires 12/31/2022
  • Users must create their Acorns account between now and December 31st, and have it verified
  • Sign up bonus is exclusively for new customers who have not previously opened an Investment Account.
  • To be eligible for sign up bonus, a customer must deposit a minimum of $5, in an Acorns Invest, Early, Later, or Checking account via the Recurring Investment feature
  • Bonus is typically paid within 10 days of the following month, after making your first successful Recurring Investment
Fundrise

Get $10 Bonus When You Invest in Real Estate with $10+

  • No wealth or income requirements
  • Get a diversified portfolio of real estate projects across the US
  • Low fees to maximize long-term returns

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.

When to Use Ally Invest

  • Anytime you're ready to invest. Ally Invest has no minimum account requirement. However, if you want a Robo 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 $75 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 Robo 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 04/01/2021.
  • 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

Robinhood

 

Benefits and Features

Stock Trading
$0 per trade
$0
Options Trading
$0 base + $0.50 per contract
$0
Annual Fee 
None
Cryptocurrency Trading 
Check
Minimum Deposit
$0
$0
Mutual Fund Trading
  • $0 to buy/sell load mutual funds
  • $9.95 to buy/sell no load mutual funds
No
Commission Free ETFs
500+
All U.S. listed ETFs
Phone Support 
24/7
Live Chat Support 
No
Email Support 
Yes
Human Advisors 
No
Robo Advisor 
No
Assets Under Management 
$80 Billion
Penny Stocks$0.01 per share on the entire order for stocks priced less than $2.00. 
Tax Loss Harvesting 
No
Goal Tracker 
No
Automatic Deposits 
Yes
Broker Assisted Trades
$20 + Regular Commission
Not available
Customer Service
(855) 880-2559
 
Good For 
Beginners; Active traders
Inactivity Fee 
$0
Maintenance Fee 
$0
Online Platform 
Yes
iPhone App 
Yes (4.2 stars, 4m ratings)
Android App 
Yes (3.8 stars, 453k ratings)
BankingIntegrated with banking on ally.com. Manage your Ally banking and investment accounts in one place. 
Mobile App
Check
Yes
Two-Factor Authentication 
Yes
Forex Trading
Check
 
Locations 
No
Online Community 
No
Seminars 
No
Virtual Trading 
No
Fractional Shares 
Yes
Taxable Accounts 
Yes
401k Plans 
No
IRA Accounts 
No
Roth IRA Accounts 
No
SEP IRA Accounts 
No
Trust Accounts 
No
529 Plans 
No
 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 04/01/2021.

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


 

Ally Robo Portfolio

Annual Fee0% advisory fee for Robo Portfolio
Minimum Deposit
$100
Phone Support
24/7
Live Chat Support
24/7
Email Support
Yes
Human Advisors
No
Robo Advisor
Check
Assets Under Management
$4.7 Billion
Tax Loss Harvesting
No
Goal Tracker
Yes
Automatic Deposits
Yes
Online Platform
Yes
iPhone App
Yes
Android App
Yes
Fractional Shares
No
Taxable Accounts
Yes
401k Plans
No
IRA Accounts
Yes
Roth IRA Accounts
Yes
SEP IRA Accounts
No
Trust Accounts
Yes
529 Plans
No
Annual FeeStarStarStarStarStar
Minimum DepositStarStarStarStarHalf Star
Human AdvisorsStarStarStarEmpty StarEmpty Star
Customer ServiceStarStarStarStarStar
 Learn More

Ally Robo Portfolio: Pricing information from published website as of 09/18/2019



Ally Invest Alternatives

Robinhood

Commission-Free Trades

Trade stocks, funds, options, and cryptocurrencies

eToro

Deposit $100 and Get $10

For a limited time, you can get $10 when you deposit $100 in your eToro account. Here's how:
  1. Sign up for an eToro account
  2. Deposit $100
  3. Explore stocks, ETFs, and crypto
You'll automatically receive $10 directly to your account balance. eToro USA LLC; Virtual currencies are highly volatile. Your capital is at risk.
Expires 12/31/2022
Alto

Alto CryptoIRA®

  • Easy access to more than 175 cryptocurrencies, like Bitcoin, Ethereum, and Solana
  • Tax advantages of an IRA
  • No setup or monthly account fees
  • No account minimums
  • $10 minimum investment

Articles on Ally Invest

Ally Invest

Ally Invest offers free trades for stocks and ETFs. But is it good? Find out how it compares to other online brokers.

Is Ally Invest Good For Beginners

Ally Invest is a popular fee-free online brokerage. Is it good for beginners? Read on.

Ally Invest Roth IRA

Ally Invest's Roth IRA account has no annual fee and no commission trades. Is it right for your retirement funds? Read on to learn how Ally Invest Roth IRA accounts work.

Ally Invest Login

Ally Invest offers good customer service and online login access. The best way to connect with Ally Invest customer service may surprise you. Read on.

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How do you save money at Ally Invest?



More Brokerage Promotions

Robinhood

Robinhood Promo

Get a Free Stock (worth between $5 and $200)
Investing

Betterment Promotions

Get up to 1 Year Managed Free
Investing

Charles Schwab Promotions

$0 Commissions on Online Stock, ETF, and Options Trades
Acorns

Acorns

Sign up with Acorns and get a $20 bonus

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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.

*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.

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