Ally Invest as a division of Ally Bank, works online, due to the fact that the company does not offer an offline office, can afford to make low commissions for customers.

If you are a client who is considering an investment fund without transaction fees, only the company is unlikely to suit you, despite the fact that, the commission here on the funds are the lowest. It is very convenient that both the brokerage unit and the bank are one, it is suitable for the investor who can keep part of the funds in the bank and use part of them for trading.

Mobile application for trading

The company does not have a mobile app separately for brokerage activities, however, Ally Invest has an app for the full range of services it provides. You can see all of your accounts, including savings, credit card, and at the same time you can work with your brokerage account. Thus, all your financial transactions will be in full view.

The application is simple enough, even the first time you can easily understand it. You can pay taxes, make transactions between accounts, search for the nearest ATMs and so on.

When it comes to investing, you can easily control your portfolio, make trades and have access to analysis with all the necessary tools. There is also a news summary.

For forex trading, Ally Invest offers a separate application called Ally Forex.  This application offers different types of orders, analytical reports, analysis, and alerts on price declines.

Commissions and Fees

The company offers really low commissions which is an advantage compared to many competitors. For example, there is no commission for securities transactions, which makes the company similar to Ameritrade and E-Trade, Charles Schwab.

Options are not subject to high commissions, on the order of $0.5 per contract, which is 15 percent lower than competitors. If your trading volume is not that high, this brokerage company will be a great solution for you. Only Robin Hood, a company that offers zero commissions for all products, could be cheaper.

The bond has a fixed commission, which is only $1 per bond, with a minimum transaction volume of $10.

As for the integration of the brokerage company and the bank, this allows you to control all your accounts, simplifies the procedure of depositing the account, also there are no delays in the transfer of money. As for the tax payment, also fast, easy and convenient.

Customer service

Ally Invest offers fast round the clock support through chat, hotline phone. You can also send your request by e-mail, the only disadvantage may seem to be the lack of an offline office, but this has never been a barrier to work with the company.

Bonuses and promotional campaigns

The company periodically encourages new customers when funding your account, presents various bonuses. Carefully study the conditions of bonus, for example, the company withholds the appropriate deposit during 300 days when using the bonus. Also, the company takes over the costs when transferring from another broker, i.e. it pays the commissions up to $150. In this case it is necessary to transfer an amount greater than $2,500.

Conclusion

Ally Invest would be an excellent choice for a customer who already uses this company’s banking products. The fact that the brokerage company and the bank are integrated gives a number of undeniable advantages, among which are the fast transfer of funds, the ability to control all your financial transactions in one place. Also payment of taxes will be very simple. The commissions of the company are quite low, for some products are zero.

The company has growth areas, including lower fees for mutual funds. It would also be a great option to be able to purchase portions of stocks.