Ally Invest

Ally Invest Minimum Initial Investment Deposit To Open Account

2019 Ally Invest minimum investment to open brokerage account or ROTH IRA. Ally Invest minimum balance and initial deposit amount requirement.

Ally Invest Minimum Investment Amounts

Ally Invest minimum investment to open brokerage account $0 in cash and/or securities
Ally Invest minimum amount to open brokerage margin account $2,000 in cash and/or securities
Ally Invest minimum initial deposit to open ROTH IRA, Traditional IRA, Simple IRA, or SEP IRA $0
Ally Invest minimum balance requirement for brokerage or IRA none


Up to $3,500 cash bonus + commission free trades for new accounts.

Ally Invest Review

Ally Invest rating

Continue to Ally Invest Review.

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Ally Invest Pros

  • $0 minimum deposit for Ally Invest account
  • Great for mutual fund trading
  • Customizable dashboard
  • Powerful charting platform with plenty of indicators and tools
  • Fast customer service response time
  • Dense library of tutorials and research information
  • Text, email, and sound alerts

Ally Invest Cons

  • Not ideal for penny stock traders
  • Limited time frame choices on charts
  • NTF mutual funds are not available

Ally Invest Minimum Balance Summary

Ally Invest is the easiest online broker for both new and experienced traders alike. Beginner investors especially will find this discount brokerage to be the most easy to use and learn.

Lowest-Priced Broker-Assisted Trading For Stocks and ETFs

Ally Invest (also known as TradeKing) and Firstrade are the clear winners in this category at $3.95 and $4.95 per trade respectively. This is the same cost as their online trades, so customers of these firms have the luxury of being able to use a live broker whenever they want to.

Both companies have excellent reputations for customer service and education. Investors with small accounts (under $2,500) or those who trade infrequently should consider Ally Invest first. Ally Invest also earns a slight edge for education with its excellent online community called Trader Network and their slightly more extensive educational resources.

Lowest-Priced Broker-Assisted Trading For Mutual Funds

Ally Invest earns another top ranking for its $9.95 broker-assisted commissions, and gives up first place to Firstrade that charges $0 commission. Firstrade does charge extra for their broker-assisted trades, but their regular commissions are the lowest in the market, so active traders who don't require broker assistance very often should consider Firstrade first. Firstrade is excellent for beginners thanks to offering free, instructor-led online classes and one of the easiest to use trading platforms of any on the market.

Ally Invest Minimum

Lowest-Priced Broker-Assisted Trading For Options

Ally Invest is at first place with $4.95 options commissions for broker-assisted trades. However, Firstrade earns the nod as the overall lowest cost broker in this category thanks to their $0 per contract surcharge. Ally Invest's $0.65 per contract surcharge is much higher.

The same advice applies here as with the stocks and ETFs rankings regarding Ally Invest being less suitable for small accounts or infrequent investors.

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Ally Invest vs TD Ameritrade: Comparison

For stock and ETF investors Ally Invest offers drastically lower commissions than TD Ameritrade: $4.95 per trade versus $6.95 per trade at the larger competitor. Mutual funds are only $9.95 per transaction at Ally Invest and $49.99 for the same trades at TD Ameritrade!

Both companies don't have account maintenance, IRA setup, and annual IRA fees as well as fees on large orders and extended hours trading. Ally Invest charges 1 cent per share more on the entire order of stocks priced less than $2. Ally Invest minimum deposit to open brokerage account is $0 - the same as at the larger competitor.

Ally Invest is one of the very Best Stock Brokers For Beginners: it offers lots of learning materials, vibrant and helpful online investor community, and no additional charge on broker-assisted trades. According to Smart Money magazine, the firm has the highest rated customer service in the industry.

TD Ameritrade offers some of the best trading platforms among all online brokers - Thinkorswim and Trade Architect - that include all the bells and whistles one would expect in the professional trading software. The firm provides free virtual trading and streaming quotes as well as excellent selection of independent third-party investment research from 12 different companies.

Ally Invest Minimum reviewed by Rating: 5