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November 23, 2024

Ally Invest Promotions

9 promo offers

$0

Commission-Free Stock Trades

With no minimum account balance and no minimum trade activity

Open an Ally Invest account

Automated Investing to Help Save Your Time

Compare Robo Advisor Promotion:

Don't Have Time to Do Your Own Investing? Ally Invest Can Help

Custom Investment Plans Created for You

$100

Self-Direct Trading Account - $100 Bonus

You must enroll in the offer via your friend's personal link. Open a new Ally Invest Self-Directed Trading account within 30 days of enrollment. Fund your account with a total of $1,000 or more within 60 days of account opening. The $100 bonus will be deposited to your account within 30 days of your account reaching $1,000.

Expires 12/31/2024

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 and sale: $0 (subject to charges from mutual fund)
NO LOADPurchases: $0
Sale: $0

Acorns

$20 Investment Bonus

  • Open an Acorns account (new users only)
  • Set up the Recurring Investments feature
  • Have your first investment be made successfully via the Recurring Investments feature
Fundrise

Invest in Real Estate with $10+

  • Only $10 minimum investment
  • Get a diversified portfolio of real estate projects across the US
  • Open to all investors
GROUNDFLOOR

Invest in Real Estate with $10

The minimum investment amount is only $10. (Though most transfer $100 for better diversification; subsequent transfers can be for any amount)

  • Short-term real estate investments lasting just 12-18 months
  • Open to non-accredited investors
  • No investor fees
J.P. Morgan Wealth Management

J.P. Morgan Self-Directed Investing - Get Up to $700

Expires 1/23/2025
  • Get up to $700 when you open and fund a J.P. Morgan Self-Directed Investing account with qualifying new money.
  • $700 when you fund with $250,000 or more
  • $325 when you fund with $100,000-$249,999
  • $150 when you fund with $25,000-$99,999
  • $50 when you fund with $5,000-$24,999
  • Get unlimited commission-free online stock, ETF, fixed income, and options trades when you open an account.
  • $0 Online Commission trades
  • Choose an account that's right for you: General Investing, Traditional IRA or Roth IRA.
  • Access our secure, easy-to-use trading experience online or through the Chase Mobile® app.
  • Our powerful tools and resources are built to help you take control of your investments.

INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSITNOT FDIC INSUREDNO BANK GUARANTEEMAY LOSE VALUE


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.

    Highlights

    Stock Trading
    $0 per trade
    Options Trading
    $0 base + $0.50 per contract
    Minimum Deposit
    $0
    Commission Free ETFs
    500+
    Mutual Fund Trading
    • $0 to buy/sell load mutual funds
    • $0 to buy/sell no load mutual funds
    Penny Stocks
    $0.01 per share on the entire order for stocks priced less than $2.00.
    Broker Assisted Trades
    $20 + Regular Commission
    Banking
    Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.
    Customer Service
    (855) 880-2559

Pricing information from published website as of 04/01/2021.

 Robinhood
 Learn MoreVisit 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 
$0
Minimum Deposit
$0
$0
Mutual Fund Trading
  • $0 to buy/sell load mutual funds
  • $0 to buy/sell no load mutual funds
No
Commission Free ETFs
500+
All U.S. listed ETFs
Phone Support 
650-761-7789 (available 24/7)
Live Chat Support Available 24/7 (requires sign in)
Email Support 
Yes
Human Advisors 
No
Robo Advisor 
No
Assets Under Management 
$102 Billion
Penny Stocks$0.01 per share on the entire order for stocks priced less than $2.00.
Yes
Tax Loss Harvesting 
No
Goal Tracker 
No
Automatic Deposits 
Yes
Broker Assisted Trades
$20 + Regular Commission
Not available
Good For 
Beginners; Active traders
Inactivity Fee 
$0
Maintenance Fee 
$0
Online Platform 
Yes
iPhone App 
Yes (4.2 stars, 4.3M ratings)
Android App 
Yes (4.1 stars, 483k ratings)
BankingIntegrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.Offers Robinhood spending account with Robinhood Cash Card issued by Sutton Bank
Mobile App
Check
iOS & Android
Desktop App 
None
Two-Factor Authentication Device approvals, Authenticator app, SMS
Forex Trading
Check
No
Futures Trading 
No
Bond Trading 
No
CFD Trading 
No
Currency Trading 
No
Customer Service
(855) 880-2559
Live Chat (24 hours via Robinhood app)
Phone: 650-761-7789 (available 24/7)
Email: support@robinhood.com
Locations 
No
Online Community 
No
Seminars 
Yes
Trading Platform 
Web Trading, Mobile Apps
Virtual Trading 
No
Fractional Shares 
Yes
Taxable Accounts 
Yes
401k Plans 
No
IRA Accounts 
Yes
Roth IRA Accounts 
Yes
SEP IRA Accounts 
No
Trust Accounts 
No
529 Plans 
No
 Learn MoreVisit 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 08/13/2024.


 

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
 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
eToro USA LLC and eToro USA Securities Inc.

Deposit $100 and Get $10 from eToro USA LLC

Expires 12/31/2024
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
You'll automatically receive $10 directly to your account balance. Offer only applies to US customers. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk.
Fundrise

Invest in Real Estate with $10+

  • Sign up in minutes; no complicated paperwork
  • $10 minimum investment
  • No income requirements
  • Multiple investing plans tailored to your goals
  • Completely passive investment
  • Low 1% annual fee

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How do you save money at Ally Invest?



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More Brokerage Promotions

Robinhood

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

Charles Schwab Promotions

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

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$20 Investment 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.

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