Overview of Ally Invest fees and charges
It's safe to say that Ally Invest's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use Ally Invest even in case you trade frequently like multiple times a week or daily.
Here's a high level overview of Ally Invest's fees
| Assets | Fee level | Fee terms |
|---|---|---|
| US stock fee | Low | Free stock and ETF trading for stocks priced above $2, otherwise $4.95 commission plus $0.1 per share |
| EURUSD fee | - | Not available |
| US tech fund fee | Low | $9.95 per trade |
| Inactivity fee | Low | No inactivity fee |
Ally Invest fees
Ally Invest fees explained
We compare Ally Invest fees with its closest competitors, Merrill Edge and Fidelity.
Ally Invest fees
Ally Invest trading fees
Ally Invest's trading fees are low which makes it suitable for you even if you trade often (i.e. multiple times a week).
Let's break down the trading fees into the different asset classes available at Ally Invest.
Trading fees
Ally Invest's trading fees are low.
Stock fees and ETF fees
Ally Invest has low stock trading fees.
| Ally Invest | Merrill Edge | Fidelity | |
|---|---|---|---|
| US stock | $0.0 | $0.0 | $0.0 |
| UK stock | - | - | $11.2 |
| German stock | - | - | $20.3 |
Fund fees
Ally Invest fund fees are low.
| Ally Invest | Merrill Edge | Fidelity | |
|---|---|---|---|
| Mutual fund | $10.0 | $20.0 | $37.5 |
| EU mutual fund | - | - | - |
Bond fees
Ally Invest has low bond fees.
| Ally Invest | Merrill Edge | Fidelity | |
|---|---|---|---|
| US Treasury bond | $10.0 | $0.0 | $0.0 |
| EU government bond | - | - | - |
Options fees
Ally Invest's options fees are low.
| Ally Invest | Merrill Edge | Fidelity | |
|---|---|---|---|
| US stock index options | $5.0 | $6.5 | $6.5 |
| UK stock index options | - | - | - |
| German stock index options | - | - | - |
Financing rates
Ally Invest financing rates are .
If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.
| Ally Invest | Merrill Edge | Fidelity | |
|---|---|---|---|
| Apple CFD financing rate | - | - | - |
| Vodafone CFD financing rate | - | - | - |
| EURUSD financing rate | - | - | - |
| EURGBP financing rate | - | - | - |
Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.
Ally Invest fees
Ally Invest non-trading fees
When it comes to looking at all the non-trading fees Ally Invest is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.
Non-trading fees include various brokerage fees and charges at Ally Invest that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.
| Ally Invest | Merrill Edge | Fidelity | |
|---|---|---|---|
| Withdrawal fee | $0 | $0 | $0 |
| Deposit fee | $0 | $0 | $0 |
| Inactivity fee | No | No | No |
| Account fee | No | No | No |
Ally Invest fees
Ally Invest deposit fee
Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and Ally Invest is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods Ally Invest offers.
| Ally Invest | Merrill Edge | Fidelity | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | No | No |
| Electronic wallets | No | No | Yes |
| Deposit fee | $0 | $0 | $0 |
Ally Invest fees
Ally Invest withdrawal fee
Unlike some online brokers we have reviewed Ally Invest does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.
| Ally Invest | Merrill Edge | Fidelity | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | No | No |
| Electronic wallets | No | No | Yes |
| Withdrawal fee with bank transfer | $0 | $0 | $0 |
Ally Invest fees
Ally Invest inactivity fee
Ally Invest does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).
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