Ally Invest Fees and Charges

Ally Invest is a member of the Securities Investor Protection Corporation (SIPC). SIPC covers customer claims up to $500,000, including up to $250,000 for cash claims. This protection helps if Ally Invest goes out of business, but it doesn’t cover investment losses due to market changes. When you trade or invest with an online broker, fees can greatly affect your returns. It’s important to understand these fees and compare them to those of other brokers. In this post, we’ll explain Ally Invest’s fees and charges to help you decide if it’s the right choice for you.

Ally Invest Fees

We reviewed Ally Invest’s fees both online and during live trading. Here’s what we found:

Ally Invest is a good choice if you’re concerned about fees. It has low fees for trading stocks and ETFs. There is no fee for leaving your account inactive for a long time. Basic withdrawals are free, but some transactions may have additional costs. The fee structure is clear and easy to understand. Ally Invest Forex LLC offers forex products and services as an introducing broker to GAIN Capital Group LLC.

Costs

A minimum commission of $4.95 and 1 cent per share is applicable for securities whose prices are below $2.

In addition to the regular trading commission, over-the-counter foreign stock transactions have a local settlement fee of $50.

The fees for bonds and Treasuries are fixed at $1 per bond with a minimum transaction cost of $10 and a maximum transaction cost of $250.

If you use the managed robo advisor however, there will be no management fees if you keep cash as 30% of your assets. If not, the management fee is at 0.3% account value.

Trading Commissions for Self-Directed Accounts

Stocks and ETFs

• No Commissions: Trade eligible U.S. stocks and ETFs without any commission fees.
• Wide Selection: Access a variety of commission-free ETFs from major providers like Vanguard, GlobalX, and iShares, including socially responsible funds.

Low-Priced Securities

• Minimum Purchase Requirement: You must buy at least $100 worth of OTCBB and pink sheet stocks per order.
• No Commissions on Higher-Priced Stocks: Stocks and ETFs priced at $2 or more do not have commission fees.
• Low-Priced Security Fees: For stocks priced below $2, there is a $4.95 base commission plus one cent per share on the entire order.
• Maximum Commission: The commission usually doesn’t exceed 5% of the trade’s value. If the order’s value is less than the base commission, the commission equals the trade’s full value.

Bonds and Treasuries

• $1 Per Bond: Each transaction has a minimum fee of $10 and a maximum fee of $250.

Mutual Funds

• Load Funds: Purchases and sales are subject to charges from the mutual fund.
• No-Load Funds: No fees for purchases or sales.

Before investing in mutual funds or ETFs, review their objectives, risks, charges, and expenses. You can get this information from the fund’s prospectus by emailing support@invest.ally.com.

Options

• Fee Structure: No commission fees plus a 50¢ fee per contract.

Conclusion

By now, you should understand the fees and charges from Ally Invest. To learn more about fees in general, visit the official Ally Invest website. If you’re unsure about which broker to choose, check out our personal recommendations on our website. Overall, Ally Invest is a great choice for investors because of its low trading fees and ETF commissions.