Ally Invest Commissions
| Investments | Commissions |
|---|
| Stocks and ETFs | $4.95 ($3.95 per trade if making 30+ trades per quarter or for $100,000 balances) |
| Options | $4.95 + $0.65 per contract ($0.50 per contract if making 30+ trades per quarter or for $100,000 balances) |
| Mutual funds | $9.95 |
| Bonds | $1 per bond with $10 minimum, $250 maximum |
| Treasuries | commission-free |
| Certificates of Deposit (CDs) | $24.95 |
| Investments | stocks, options, mutual funds, bonds, CDs, forex, treasuries, ETFs |
| Ally Invest minimum deposit to open account | $0 for cash account, $2,000 for margin account |
| Promotion link |
Ally Invest promotions
|
Ally Invest Margin Rates
|
Debit Balance
|
Margin Interest Rates
|
|
$0.01 - $4,999
|
10.00%
|
|
$5,000 - $9,999
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10.00%
|
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$10,000 - $24,999
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10.00%
|
|
$25,000 - $49,999
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9.75%
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$50,000 - $99,999
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9.00%
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$100,000 - $249,999
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7.75%
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$250,000 - $499,999
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6.75%
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$500,000 - $999,999
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6.25%
|
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$1,000,000 +
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5.50%
|
Ally Invest Cash Sweep Interest Rates
Cash balances do not currently earn an interest. You may request that your account be enrolled in
an interest-bearing Federal Deposit Insurance Corporation ("FDIC") insured deposit sweep program. Current yield is 0.01%.
Promotion
Regulatory Fees
| SEC |
.0218 per $1000 of principal (sells only) |
| ORF (Options Regulatory Fee) |
.0404 per contract (buys and sells) |
| TAF (Trading Activity Fee) |
.000119 per share (equity sells) |
| TAF (Trading Activity Fee) |
.002 per contract (option sells only) |
|
Financial Industry Regulatory Authority (FINRA) transaction fee (TAF) This fee is charged on all stock and ETF sales at a rate of $.000119 per share with a minimum charge of $0.01 and a maximum charge of $5.95. This fee is rounded up to the nearest penny. Bonds are also subject to a TAF fee and can be charged up to $0.75 per bond traded, regardless of the bond's par value.
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Ally Invest IRA Fees
|
IRA setup fee
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$0
|
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IRA annual fee
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$0
|
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IRA conversion fee (regular to roth or vice versa)
|
$50
|
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IRA transfer out fee
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$50
|
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IRA termination fee
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$25 (for distributions and full outgoing account transfers)
|
Ally Invest Account Fees
| ACAT Transfer Out |
$50.00 |
| Partial ACAT Transfer Out |
$10.00 per security, $50.00 maximum |
| Outgoing Domestic Wire Transfer |
$30.00 |
| Overnight Delivery |
$50.00 |
| Check Withdrawal |
$5.00 |
| Check Stop Payment |
$30.00 |
| Returned Checks |
$30.00 |
| Returned ACH |
$30.00 |
| Returned Wires
|
$30.00 |
| Pre Pay Settlement Fee |
$20.00 |
| Stock Certificate Deposit DTC Rejection Fees |
$175.00 |
| Stock Certificate Deposit Processing Fee
|
$300.00 per Certificate |
| Non-transferrable security charge per position |
$20.00 per month |
Vault Fee
Restricted certificates held for missing paperwork, certificates
for Securities that are not DTC eligible, etc. |
$60.00 per Year Charged Monthly |
| Outgoing DTC
Electronic delivery of individual certificates via Depository Trust
Company
|
$25.00 per Position |
| DWAC Transfer Fee per Position |
$50.00 + Any transfer agent fees up to $150 |
| DRS Transfer Fee per Position |
$115 per position |
| Paper Statements or any electronic statements requested that are older
than 2 years |
$4.00 |
| Paper Confirmations |
$2.00 |
| 1099 Request for Exempt Accounts |
$50.00 |
| Tax document requests by fax and regular mail |
$50.00 |
| Option Exercise |
$9.95 |
| Option Assignment |
$4.95 |
| Option Position Management
|
$100.00 + Regular Commission |
| Margin Sellouts, Restricted Accounts, and Broker-Assisted Trades |
$40.00 + Regular Commission |
| Short Stock
|
Daily Charge at Cost |
| Worthless Securities Processing |
$30.00 Other fees may apply |
| Reg T Extension |
$10.00 + Interest to Settlement Date |
| Foreign Stock Transaction Fee (not ADRs) |
$50.00 + Regular Commission |
| Foreign Stock Incoming Transfer Fee |
$50.00 per Position |
| ADR and other foreign stock semi-annual charges |
At Cost |
| Voluntary Reorganization |
$50.00 |
| Entity Account Opening Fee |
$250.00 (Corporation, LLC, Partnership) |
| Entity Account Annual Fee |
$200.00 (Corporation, LLC, Partnership) |
| Index Products
Ally Invest charges this additional per contract cost on certain index
products where the exchange charges fees. To see a full list of index options that
incur additional fees.
|
$0.35 per Contract |
| Penny Stocks
For stocks priced less than $2.00. Maximum commission per order not
to exceed 5% of the trade value, with minimum commission of $4.95.
|
$0.01 per Share |
| OTCBB & Pink Sheet Stocks |
Minimum investment of $100 per Trade |
|
Other Transfer Agent and Trade Settlement charges for certain securities may be passed
through to you by our clearing firm.
|
Check Writing Ally Invest Fees
| Apex SelectTM Annual Checking* |
$20.00 annual fee |
| Apex SelectTM Annual Debit Card |
$35.00 annual fee |
| Check Re-Order |
$15.00 (50 checks) |
| Returned Checks |
$35.00 |
| Stop Payments |
$35.00 |
| Check Copies or Other Research |
$15.00 |
| ATM Withdrawals |
$1.00 |
| Sales Draft Copy |
$15.00 |
| Collection Processing |
$25.00 |
| Domestic Overnight Shipping |
$45.00 |
| International Overnight Shipping |
$100.00 |
Ally Invest Incentive, Review and Website Link
Read full
Ally Invest Review.
Ally Invest incentive:
Up to $3,500 cash bonus + commission free trades for new accounts.
Ally Invest fees are as of 2019 and are subject to change. For the most recent information on Ally Invest fees visit their website:
Ally Invest Overview
Ally Invest is a part of the online banking giant Ally Bank and it is the sixth largest brokerage house in the U.S. The firm does not charge
hidden fees, IRA setup, maintenance and account inactivity fees. What makes them one of the best brokers
for mutual funds is their rock bottom $9.95 per trade mutual fund transaction fee.
Ally Invest also offers over 12,000 mutual funds, including load and no-load funds from all leading fund families, such as Vanguard and Fidelity.
Their funds cover a full range of investment objectives, strategies and asset classes, including index, target retirement, international,
U.S. equities, and bond funds.
Ally Invest's Mutual Fund Center tool makes it easy to find top mutual funds performers, to screen funds according to your criteria, and
see in-depth breakdowns of mutual fund characteristics.
The firm offers free DRIPs (dividend reinvestment plans) and great customer service. Beginners can place broker-assisted mutual funds trades
for the same low price of $9.95 (the same as Ally Invest fee for online trades), and can learn to trade and pick up investing ideas in the website's friendly user community.
The firm offers user-friendly trading platform with many features and services.
The tools and services that come with the platform include MarketGrader Research Reports, Maxit Tax Manager, Probability Calculator,
Profit and Loss Calculator, Stock, ETF, and Mutual Fund Screeners, and Technical Analysis Tools. One of the most useful tools is Maxit Tax Manager
that tracks traders’ tax liabilities and discerns the tax effects of placing certain trades.
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The Probability Calculator allows investors to see the implied volatility associated with trading certain stocks and options, then generate the probabilities of returns
before they place the trade. The Profit and Loss Calculator generates values for potential profits and losses in trades and how those potential profits or losses are affected by
volatility and time. The Stock, ETF, and Mutual Fund Screeners allow investors to find potential investments based on the criteria they enter into the screeners. The Technical
Analysis Tools include chart pattern recognition, price forecasting, and educational resources. Ally Invest also offers tools to implement options strategies and discover potential trades.
Ally Invest LIVE is an alternative platform for active traders that offers streaming quotes and charts within a flexible and fully customizable interface.
Clicking on one of the links in Mutual Funds Screener produces a new web page where the mutual fund order is supposed to be placed. However, the fund ticker symbol appears
in a stock/ETF order form with options for stop loss and limit orders. Obviously, this is the wrong order form. Ally needs to correct this
technical error.
A fund’s price history is displayed on an interactive chart. Comparisons can be made to stocks or indexes. Technical indicators can be shown on
the graph or below. These include RSI, MACD, simple moving average, and more. The price history of American Century Global Gold Fund Investor
Class (BGEIX) goes back to 1989.
The primary disadvantage of Ally seems to be that it doesn’t have any funds that are both no-load and no-transaction-fee. Some
brokerage houses do offer funds that carry neither. E*Trade, for example, has more than 4,400 mutual funds that have neither
load nor transaction fee, while Vanguard has more than 2,000. On the other hand, Ally Invest's fee on mutual fund trades is only $9.95, which is
lower than OptionsHouse ($20) and WellsTrade ($35).
Ally Invest Fees
reviewed by Brokerage-Review.com.
Rating: 4.5
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