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Overview of Ally Invest fees and charges

We know that fees are on top of people's mind when selecting a broker. Brokerage fees consist of trading and non-trading fees. The most important trading fees are commission, spread, and financing rate.

  • Commission: it's charged when you execute a trade (either buy or sell). Commissions can be volume-tiered or flat fees. Nowadays, there are many commission-free brokers, click on the following links to check out the best free stockbrokers in the US and the EU.
  • it denotes the difference between the bid and ask price. When you trade forex, spreads can make up a significant part of your trading costs.
  • Financing rate/overnight costs: if you trade on leverage, you may be charged for holding your positions overnight. This cost can be expressed as a percentage or in swap points.
  • Non-trading fees: these occur when you deposit and withdraw funds, or if you don't use your account for a certain period.

Now, let's dive into the details and see what commissions, spreads, and financing rates Ally Invest charges.

Ally Invest commission and other fees
Ally Invest commission and other trading fees

The good news is that Ally Invest has low trading fees in general. We ranked the fees of Ally Invest as low, average, or high based on how they compare with all reviewed brokers.

Check out this table to get an overview of whether Ally Invest commissions, spreads, and financing rates for each asset class are low/average/high.

Classification of Ally Invest commission and other trading fees
Ally Invest Merrill Edge Fidelity
Stock and ETF Low Low Low
Forex - - -
Fund Low High High
Bond Low Low Low
Options Low Average Low
Futures - - -

Now let's go over the trading fees for each asset class one by one.

Ally Invest stock and ETF commissions, spreads

Ally Invest stock and ETF commissions are low. Ally Invest stock and ETF commissions are charged as per the table below.

Ally Invest stock and ETF commission
Ally Invest
US stock Free stock and ETF trading for stocks priced above $2, otherwise $4.95 commission plus $0.1 per stock and minimum order amount

You can compare Ally Invest stock and ETF fees with the two closest competitors.

Ally Invest stock and ETF commission, spreads vs competitors
Ally Invest Merrill Edge Fidelity
US stock $0.0 $0.0 $0.0

Stock and ETF commissions are calculated for a $2,000 trade

Ally Invest fund commissions

Ally Invest fund commissions are low. The table below shows how Ally Invest fund commissions are calculated.

Ally Invest fund commissions
Ally Invest
Mutual fund $9.95 per trade

Check out how Ally Invest fund fees compare with the competition.

Ally Invest fund commissions
Ally Invest Merrill Edge Fidelity
Mutual fund $10.0 $20.0 $37.5

Fund commissions are calculated for a $2,000 trade

Ally Invest bond commissions

Ally Invest bond commissions are low. The table below contains the description of Ally Invest bond commissions.

Ally Invest bond commissions
Ally Invest
US Treasury bond $1.0 per bond, min. $10

See how Ally Invest bond fees stack up against the competition.

Ally Invest bond commissions vs competitors
Ally Invest Merrill Edge Fidelity
US Treasury bond $10.0 $0.0 $0.0

Bond commissions are calculated for a $10,000 trade

Ally Invest options commissions

You can see below the description of Ally Invest options commissions. Ally Invest options fees are low.

Ally Invest options commissions
Ally Invest
US stock index options $0.5 fee per contract
US stock options $0.5 fee per contract

Compare options commissions charged by Ally Invest with those of Merrill Edge and Fidelity.

Ally Invest options commissions vs competitors
Ally Invest Merrill Edge Fidelity
US stock index options $5.0 $6.5 $6.5
US stock options $5.0 $6.5 $6.5

Options commissions are calculated for 10 contracts

Ally Invest commission and other fees
Ally Invest non-trading fees

In addition to trading fees, it's important to see if Ally Invest charges a fee on deposits, withdrawals, account maintenance, and inactivity. We compared these fees levied by Ally Invest with its two closest competitors.

Ally Invest non-trading fees vs competitors
Ally Invest Merrill Edge Fidelity
Deposit fee $0 $0 $0
Withdrawal fee $0 $0 $0
Account fee No No No
Inactivity fee No No No

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

Ally Invest commission and other fees
Bottom line

Hopefully, by now you have a clear picture of the commissions, spreads, financing rates, and non-trading fees charged by Ally Invest and its closest competitors. To learn more about Ally Invest, check out this detailed review. If you would like more information about fees in general, read this article about brokerage fees.

If you're not sure which broker to choose, get a personal recommendation from our broker recommendation algorithm or compare brokers with our broker comparison table.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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