Ally Invest Inactivity Fee and Maintenance Charge

2022 Ally Invest annual fee for brokerage account and for IRAs maintenance. Ally Invest inactivity fee and monthly service management charges.

Ally Invest Inactivity Fee

Ally Invest does not charge an account inactivity fee.

Ally Invest Annual Fee

Ally Invest does not charge an annual fee for regular brokerage individual, joint taxable, or any other accounts. The firm also does not have an annual IRA management fee or any monthly service charges.

Ally Invest Promotion

Up to $3,000 cash bonus + $0 commission trades.

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Ally Invest Maintenance Fee

Ally Invest does not charge a maintenance fee for its brokerage accounts.

Ally Invest Fees

Under this link you could find the list of the company's commissions and all the account fees charged.

Ally Invest Inactivity Fee

Platform Fees

Ally Invest does not charge fees or has any access requirements to use their Ally Invest LIVE trading platform.

Broker Review

Read detailed review of Ally Invest »

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About Ally Invest

Ally Invest (formerly known as TradeKing) might arouse suspicions of its legitimacy mainly because the discount online brokerage firm was founded in 2005 and it offers very low pricing. It is a relative newcomer in the world of online trading. Compared with early entries into online trading such as E*Trade (founded in 1991) or (founded in 1996), Ally Invest doesn't have quite as established track record. Being a privately held company instead of a public company like E*Trade or TD Ameritrade might also raise some uncertainty in customers' minds.

However, Ally Invest is one of the 10 largest discount brokers in the United States. Companies of that size and ranking in their industry rarely attain those levels by using questionable business practices or taking advantage of their customers.

Is Ally Invest Safe and Legitimate Firm?

No company is 100% safe. Businesses regularly fail or file for bankruptcy for all sorts of reasons. But Ally Invest has established itself as a reputable online broker, winning a slew of awards from entities such as Kiplinger magazine, Barron's, and Consumer Reports.

Being a broker of all types of securities, Ally Invest is regulated and monitored by the Securities and Exchange Commission (SEC). One of the SEC's most important purposes is to guarantee that all investors, whether large institutions or private individuals, should have access to certain basic facts about an investment prior to buying it, and so long as they hold it.

Since Ally Invest also offers trading in commodities futures and foreign currency exchange, it is registered with the Commodities Futures Trading Commission (CFTC) and the National Futures Association NFA).

Ally Invest is a member of the Financial Industry Regulatory Agency (FINRA). This agency is "an independent, not-for-profit organization authorized by Congress to protect America's investors by making sure the securities industry operates fairly and honestly." This means member firms such as Ally Invest are willing to submit to scrutiny of their operations, comply with FINRA's rules, and promote market transparency and investor education. In this respect, Ally Invest is as safe and as legitimate as any other discount brokerage in the country.

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The Platform

Their charting platform through the main website is nothing to brag about offering only 28 different indicators and few drawing tools. Thankfully the charting capabilities through their Ally Invest LIVE platform comes armed with 84 different indicators and 11 drawing tools. This makes it easy to apply detailed technical analysis on charts, especially with the events overlay option to spot key changes in the underlying security.

The LIVE platform also has the option to “detach” the chart so it can become it’s own window, making it simple to watch price movement while conducting other research. Available time intervals could be improved, offering only 1 and 5 minute charts before skipping straight to the daily time frame. This completely omits 1 and 4 hour charts.

Taking a look at their smartphone platform, there’s really nothing that makes it stand out from competition. It provides enough usability to check on active trades and positions, but anything beyond that almost always requires the website platform.

Ally Invest Inactivity Fee Disclaimer

For the most recent information on Ally Invest fees (inactivity, annual fee, maintenance and monthly charges) visit their website.

Updated on 6/9/2022.

About the Author
Chad Morris is a financial writer with more than 20 years experience as both an English teacher and an avid trader. When he isn’t writing expert content for, Chad can usually be found managing his portfolio or building a new home computer.