Ally Invest fees explained

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Overview of Ally Invest fees and charges

When trading or investing at an online broker, fees can have a big impact on your results, so it's good to know what kind of charges you'll be facing and how these compare to fees at other brokers.

If fees are your top concern, Ally Invest is a good choice, as it has low fees in general. Check our toplist for cheaper brokers.

I found Ally Invest's trading fees fairly low

Adam Nasli

Regulation • Fighting Scams • Market Analysis

I've personally tested dozens of global brokers, carefully looking at their fees not just on their website but also in the course of live trading. Here's how Ally Invest fared:

Ally Invest charges low fees for trading stocks and ETFs.
There is no inactivity fee even if you leave your account idle for a long time.
The basic withdrawal fee is $0, but some transactions may cost more.
Read our full review of Ally Invest for info on safety, trading platforms and funding.

Ally Invest fees at a glance
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	-	FX not available
US tech fund fee	Low	Commission-free
Inactivity fee	Low	No inactivity fee

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The fee structure is transparent and easy to understand.Forex products and services are offered through Ally Invest Forex LLC, which acts as an introducing broker to GAIN Capital Group LLC. We didn't include forex trading fees in this review, but if you need info on Ally Forex fees, head over to our Forex.com review.

Commission-free stock and ETF trading

If you trade stocks or ETFs cheaper than $2, a $4.95 flat fee plus a further $0.1 per-stock is charged.

Ally Invest stock and ETF fees by market
	Ally Invest Ally Invest	Merrill Edge Merrill Edge	Fidelity Fidelity
US stock Estimated commission of a $2,000 trade, assuming a $50 stock price	$0.0 Free stock and ETF trading for stocks priced above $2, otherwise $4.95 commission plus $0.1 per share	$0.0 Commission-free stock and ETF trading	$0.0 Free stock and ETF trading

High margin rates

Ally Invest annual margin rates
	Ally Invest Ally Invest	Merrill Edge Merrill Edge	Fidelity Fidelity
USD margin rate	12.3% Tiered margin rates depending on your account balance. 12.25% for margin balance under $10k.	11.0% Not published by Merrill Edge, we estimated below based on previous rates	12.8% Base rate + tiered markup. Markup is +1.25% for balance of 0-25k.

The Ally Invest margin rate for stocks is volume-tiered. The higher the amount, the lower the margin rate.

Ally Invest - annual margin rates
Debit balance	Rate%
Under $10,000	12.75%
$10,000 - $24,999	13%
$25,000 - $49,999	12.75%
$50,000 - $99,999	12%
$100,000 - $249,999	10.75%
$250,000 - $499,999	9.75%
$500,000 - $999,999	9.25%
$1,000,000 -	8.50%

Low options commission

Ally Invest stock index options commission
	Ally Invest Ally Invest	Merrill Edge Merrill Edge	Fidelity Fidelity
US stock index options Estimated commission for 10 contracts	$5.0 $0.5 fee per contract	$6.5 $0.65 per contract	$6.5 $0.65 fee per contract

No inactivity fee, no withdrawal fee

It charges no inactivity fee or account fee. There is no withdrawal fee if you use ACH transfer. However, withdrawals to other banks using wire transfers cost $30. We tested ACH, so we were charged no withdrawal fee.

Ally Invest inactivity, withdrawal and other fees
Broker	Inactivity fee	Withdrawal fee
Ally Invest		$0
Merrill Edge		$0
Fidelity		$0

Other commissions and fees

You can find Ally Invest's fees for other asset classes below. Click 'Show more' for details.

Low mutual fund commission

Fees for a $2,000 fund purchase
	Ally Invest Ally Invest	Merrill Edge Merrill Edge	Fidelity Fidelity
Mutual fund Estimated commission of a $2,000 US domiciled fund trade	$0.0 Commission-free	$20.0 $19.95 per transaction, but there are also more than 800 funds that are free to trade	$37.5 $49.95 or $75 for buying while selling is free; some 3,600 free mutual funds

Ally Invest is commission-free for mutual funds.

Low bond commission

Fees for a $10,000 bond trade
	Ally Invest Ally Invest	Merrill Edge Merrill Edge	Fidelity Fidelity
US Treasury bond Estimated commission of a $10,000 US treasury bond trade	$10.0 $1.0 per bond, min. $10	$0.0 $0 for online trades	$0.0 $0 for Treasury bonds, and $1 per bond with a $250 max for other bonds

The commission for bonds is $1 per bond with a $10 minimum. You don't get a discount if you trade frequently or maintain a higher account balance.

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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.