TradeKing brokerage firm rating

Ally Invest brokerage fee schedule, IRA account fees, margin rates. Cost/price of self-direct trading and advisor service fees.

 

Ally Invest Trading Commission Structure

ProductPrice
Stocks and ETFs $4.95 or $3.95*
Options $4.95 + $0.65 per contract or $3.95 + $0.50*
Mutual funds $9.95
Bonds $1 per bond with $10 minimum, $250 maximum
Treasuries commission-free
Certificates of Deposit (CDs) $24.95
Forex TradeKing Forex charges no trading commissions or transaction fees. TradeKing Forex is compensated for its services through the bid/ask spread. TradeKing Forex charges a data fee of $15 per month if there is no trading activity or no open positions for a period of 90 days or more.

* - $3.95 per equity trade and 50 cents per options contract for users who make 30 or more trades in the prior calendar quarter and/or maintain an average daily balance of more than $100,000 in the prior calendar quarter.

 

Ally Invest Margin Rates

Debit BalanceMargin Rate
$0.01 - $4,9999.25%
$5,000 - $9,9998.25%
$10,000 - $24,9998.25%
$25,000 - $49,9998.25%
$50,000 - $99,9997.25%
$100,000 - $249,9996.00%
$250,000 - $499,9995.00%
$500,000 - $999,9994.50%
$1,000,000 - $2,499,9994.50%
$2,500,000+4.50%

Ally Invest Regulatory Fees

SEC .0218 per $1000 of principal (sells only)
ORF (Options Regulatory Fee) .0404 per contract (buys and sells)
TAF (Trading Activity Fee) .000119 per share (equity sells)
TAF (Trading Activity Fee) .002 per contract (option sells only)
Financial Industry Regulatory Authority (FINRA) transaction fee (TAF) This fee is charged on all stock and ETF sales at a rate of $.000119 per share with a minimum charge of $0.01 and a maximum charge of $5.95. This fee is rounded up to the nearest penny. Bonds are also subject to a TAF fee and can be charged up to $0.75 per bond traded, regardless of the bond's par value.

 

Ally Invest Credit Balance

Cash balances do not currently earn an interest. You may request that your account be enrolled in an interest-bearing Federal Deposit Insurance Corporation ("FDIC") insured deposit sweep program. Click here for current yield and more information.

 

Ally Invest IRA Account Fees

IRA Annual Fee None
IRA Transfer Out Fee $50.00
IRA Closure Fee. The fee is charged for full IRA distributions and full outgoing account transfers. $50.00

 

Ally Invest Inactivity Fee

Inactivity Fee $0

 

Ally Invest Account Fees

ACAT Transfer Out $50.00
Partial ACAT Transfer Out $10.00 per security, $50.00 maximum
Outgoing Domestic Wire Transfer $30.00
Overnight Delivery $50.00
Check Withdrawal $5.00
Check Stop Payment $30.00
Returned Checks $30.00 Plus interest for any trades from the earlier of the settlement date or date of deposit
Returned ACH $30.00
Returned Wires
Applies to attempted third-party wires
$30.00
Pre Pay Settlement Fee $20.00
Stock Certificate Deposit DTC Rejection Fees $175.00
Stock Certificate Deposit Processing Fee
Commission on stock certificate deposited into Ally Invest will be equal to 5% of the principal amount of the trade. Stock Certificates cannot be used to fund a new account.
$300.00 per Certificate
Non-transferrable security charge per position $20.00 per month
Vault Fee
Restricted certificates held for missing paperwork, certificates for Securities that are not DTC eligible, etc.
$60.00 per Year Charged Monthly
Outgoing DTC. Electronic delivery of individual certificates via Depository Trust Company $25.00 per Position
DWAC Transfer Fee per Position $50.00 + Any transfer agent fees up to $150
DRS Transfer Fee per Position $115 per position
Paper Statements or any electronic statements requested that are older than 2 years $4.00
Limited Trading Authorization (LTA) paper statement fee Required for all accounts that have LTA $4.00 per account statement
Paper Confirmations $2.00
1099 Request for Exempt Accounts $50.00
Tax document requests by fax and regular mail $50.00
Option Exercise $9.95
Option Assignment $4.95
Option Position Management $100.00 + Regular Commission
Margin Sellouts, Restricted Accounts, and Broker-Assisted Trades $20.00 + Regular Commission
Short Stock
Loan charges on hard to borrow stock.
Daily Charge at Cost
Worthless Securities Processing $30.00. Other fees may apply
Reg T Extension $10.00 + Interest to Settlement Date
Foreign Stock Transaction Fee (not ADRs) $50.00 + Regular Commission
Foreign Stock Incoming Transfer Fee $50.00 per Position
ADR and other foreign stock semi-annual charges At Cost
Voluntary Reorganization $50.00
Entity Account Opening Fee $250.00 (Corporation, LLC, Partnership)
Entity Account Annual Fee $200.00 (Corporation, LLC, Partnership)
Index Products.Ally Invest charges this additional per contract cost on certain index products where the exchange charges fees. $0.35 per Contract
Penny Stocks
For stocks priced less than $2.00. Maximum commission per order not to exceed 5% of the trade value, with minimum commission of $4.95.
$0.01 per Share
OTCBB & Pink Sheet Stocks Minimum investment of $100 per Trade
Other Transfer Agent and Trade Settlement charges for certain securities may be passed through to you by our clearing firm.

 

Ally Invest Check Writing

Apex Select™ Annual Checking* $20.00 Annual Fee
Apex Select™ Annual Debit Card $35.00 Annual Fee
Check Re-Order $15 (50 checks)
Returned Checks $35.00
Stop Payments $35.00
Check Copies or Other Research $15.00
ATM Withdrawals $1.00
Sales Draft Copy $15.00
Collection Processing $25.00
Domestic Overnight Shipping $45.00
International Overnight Shipping $100.00

* - Apex Select™ Annual Checking initial order will include 50 checks.

Ally Invest fees are subject to change. For the most up-to-date information visit Ally Invest official website.

Get a $200 cash bonus or $500 in commission-free trades.

 

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