Ally Invest for all of you who don’t know is a foreign exchange company which was founded back in 2005.
In my opinion Ally Invest good for active traders, it is also probably the best low-cost brokers.
Ally Invest has $0 trading commissions on eligible U.S. stocks, options and ETFs. It has no account minimum and it has $0.50 options-contract fee. Which investors love when this happens.
Ally Invest has a strong web-based platform. As well as it has robust research and tools which are super helpful especially if you are a beginner or just you don’t know a lots about investing but still want to invest in the good shit.
However there are two cons for me personally about Ally Invest. And these two things are:
1) No branches.
2) No no-transaction-fee mutual funds.
These two things sort of takes away 1 star from the entire rating of AllY Invest. Which is kind of bad because these two problems are easy to fix for a investing company like Ally Invest.
Ally Invest is very appeals no matter if you are a beginner investor or a very experienced investor. Because of all the things mentioned above. But also it offers bells and whistles like forex trading. Ally Invest also offers us automated portfolio management option and a lots of free tools for technical investors.
In my humble opinion I would say that specifically Ally Invest is best for traders like
– Commission-free trades on eligible U.S. securities.
– Active traders.
– Forex traders.
- Options traders.
Ally Invest has no base commission and no inactivity or annual fees, but it has a $0.50 per contract together with $50 full outgoing transfer fee.
Tradable securities which you will find on Ally Invest are:
- Mutual funds.
- Penny stocks.
Ally Invest is full with free screening tools, customisable charting, research and real-time data.
The phone app to Ally Invest gives you access to holdings, trading, order status, research, an ETF screener, watchlist, transfers and activity.
When it comes to the Customer support options, then your options are call them directly between the hours of 7 a.m. to 10 p.m. Or use the email or chat option on the website.
Its important to mentioned that when you or any other user of Ally Invest complete a first-time account transfer for $2,500 or more, the website will credit your transfer fees that another brokerage may charge up to $150.