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/PRNewswire/ Ally Invest, the online brokerage and wealth management arm of Ally Financial Inc. (NYSE: ALLY), today announced its entrance into personalized.
/PRNewswire/ Ally Invest, the online brokerage and wealth management arm of Ally Financial Inc. (NYSE: ALLY), today announced its entrance into personalized.
Brokerage accounts
You can set up a brokerage account for free at Ally Invest. The company s account types include individual, joint, custodial, traditional IRA, Roth IRA, and rollover IRA accounts.
Ally s self-directed brokerage accounts also offer commission-free trading on stocks, ETFs, and options. And though you ll have to pay $0.50 for each options contract, this is about $0.15 less than what other brokerages – such as Fidelity and Merrill Edge typically charge for options.
When it comes to bond investments, you ll need a minimum of $10, and you ll pay $1 per bond. Ally Invest offers more than 12,000 mutual funds, which cost $9.95 per trade. Stocks that are priced less than $2 cost $4.95 (plus $0.01 per share).