Introduction
Looking for a reliable and trusted online broker? Ally Invest Securities is the perfect choice for you! With its wide range of investment options, low fees, and excellent customer service, Ally Invest Securities is a top-rated platform for both novice and seasoned traders.
What is Ally Invest Securities?
Ally Invest Securities is an online brokerage platform that offers a variety of investment options, including stocks, bonds, ETFs, and options trading. The platform was launched in 2016 and has since become one of the leading online brokers in the US.
Why Choose Ally Invest Securities?
There are several reasons why Ally Invest Securities is a top-rated platform for traders. Firstly, it offers low fees and commissions, making it an affordable option for both novice and seasoned traders. Secondly, it provides a wide range of investment options, giving traders the flexibility to invest in what they feel comfortable with. Lastly, Ally Invest Securities has excellent customer service, providing traders with assistance whenever needed.
Account Types
Ally Invest Securities offers three types of accounts: Self-directed, Managed, and Forex. Let’s take a closer look at each of these accounts.
Self-directed Account
A self-directed account is the most popular account type at Ally Invest Securities. With this account, traders have complete control over their investments and can choose from a wide range of investment options. This account is perfect for those who like to be in charge of their investments and make their own decisions.
Managed Account
A managed account is a great option for those who do not have the time or expertise to manage their investments. With this account, traders can leave the management of their investments to a professional portfolio manager. The portfolio manager will make investment decisions on behalf of the trader, based on their investment goals and risk tolerance.
Forex Account
A forex account is a specialized account that allows traders to trade in foreign currencies. With this account, traders can take advantage of the volatility in the forex market and potentially generate higher returns.
Investment Options
Ally Invest Securities offers a wide range of investment options to its users. Let’s take a closer look at each of these options.
Stocks
Stocks are one of the most popular investment options, and Ally Invest Securities offers a wide range of stocks to choose from. Traders can invest in individual stocks or ETFs, giving them the flexibility to invest in what they feel comfortable with.
Bonds
Bonds are a great option for those who are looking for a low-risk investment. Ally Invest Securities offers a range of bonds, including government bonds, corporate bonds, and municipal bonds.
ETFs
ETFs (Exchange-Traded Funds) are a type of investment that tracks an index or a basket of assets. Ally Invest Securities offers a wide range of ETFs, covering various sectors and industries.
Options Trading
Options trading is a specialized form of trading that allows traders to buy or sell options contracts. Ally Invest Securities offers a range of options trading options, including covered calls, naked puts, and straddles.
Platform Features
Ally Invest Securities offers a range of platform features that make trading easy and convenient. Let’s take a closer look at these features.
Mobile App
Ally Invest Securities’ mobile app is an excellent platform for traders who prefer to trade on the go. The app is easy to use and has all the features of the web platform, making trading convenient and accessible.
Research and Analysis
Ally Invest Securities provides traders with a range of research and analysis tools, including real-time quotes, news feeds, and market analysis. These tools help traders make informed investment decisions.
Education Center
Ally Invest Securities’ education center is an excellent resource for novice traders. The center provides traders with a range of educational resources, including articles, videos, and webinars.
Fees and Commissions
Ally Invest Securities offers competitive fees and commissions, making it an affordable option for traders. Let’s take a closer look at the fees and commissions charged by Ally Invest Securities.
Stocks and ETFs
Ally Invest Securities charges $4.95 per trade for stocks and ETFs. This fee is competitive compared to other online brokers.
Options Trading
Ally Invest Securities charges $0.50 per contract for options trading, making it an affordable option for traders who want to trade options.
Managed Accounts
Managed accounts are charged an annual advisory fee of 0.30% of assets under management.
Customer Service
Ally Invest Securities’ customer service is excellent, providing traders with assistance whenever needed. Traders can contact customer service via phone, email, or chat.
Conclusion
Ally Invest Securities is a top-rated online broker that offers a wide range of investment options, low fees, and excellent customer service. Whether you are a novice or seasoned trader, Ally Invest Securities is an excellent platform for your investment needs.
