Ally Invest is an innovative Invest platform, offering FDIC-insured services and automated robo-Invest, that is wholly owned by Ally Financial Inc. It is a newer entrant to the brokerage space, and it is a solid offering for those who already do business with Ally Bank and would like to benefit from a more comprehensive Invest service. Ally Invest has been making waves in the Invest community because of its competitive commission rates and user-friendly trading tools.
One of the major advantages of Ally Invest is its competitive commission rates. The platform offers a flat-fee commission of just $4.95 per trade, which is one of the lowest in the industry. This makes Ally Invest a great option for traders who are looking for an affordable way to Invest in the stock market. In addition to the low commission rate, the platform also offers a variety of tools and resources to help traders make informed decisions. These include a variety of charting and analytic tools, real-time market data, and even a virtual trading account to practice trading.
In addition to its low commission rates, Ally Invest also provides access to a wide range of assets. The platform offers access to over 10,000 stock, ETFs, and mutual funds. This provides traders with a diverse range of options to choose from when they are looking to make Invest. The platform also offers a variety of research and analysis tools to help traders with their decisions. This includes the ability to analyze stock, ETFs, and mutual funds, as well as access to news and market commentary.