What are Ally Invest's commissions and fees? View all Trading FAQs Are there restrictions or higher fees for stocks trading under $2? We charge a penny per Ally Invest charges $0.01 per share on the entire order on Pink Sheets/OTC BB/ penny stocks. The maximum fee is 5% of trade value. Ally's penny stock definition : Penny stocks: Ally Invest is not a good deal for penny stock trading. For any Also, Ally does not nickel and dime its customers; it embraces no-fee banking. Penny stock fee -- Ally Invest's commissions can be higher for low-priced stocks. For stocks priced under $2.00 per share, Ally Invest charges a commission of
9 Mar 2020 Fees and Commissions. Both brokerages switched over to commission-free stock , ETF, and options trading in October 2019. Neither brokerage 28 Sep 2018 This service charges a low flat-rate fee of $4.95 for stock, ETF and options trading . Options contracts are $0.65. If you trade 30 times a quarter or (If you trade stocks that are priced below $2.00 per share, Ally Invest will tack on another penny per share for the So if you trade penny stocks, this could be pricey. The only other charges you have to worry about are IRA termination fees.
Penny Stock Broker #1: Ally Invest The price for trades is just under $4 for more than 30 trades per quarter which is cheaper than a lot of its competitors. The platform also has a wide range of learning tools for new traders that are easy to use. Trades start at 0.5 cents per share with a $1 minimum per share and 1% trade value maximum, which can be a big money saver for penny stock traders. Under the tiered pricing structure, rates range from USD $0.0035 to $0.0005 per share with a 35 cent per-trade minimum and 1% maximum per order. Ally Invest and TD Ameritrade have equal fees for trading stocks (equities), $0 per trade. Looking at options, the base fees charged are the same for both brokers, $0. Each option contract then costs $0.65 at TD Ameritrade and $0.50 at Ally Invest. Note that some brokers charge a per-share fee instead of a flat-fee commission.
The maximum fee is 5% of trade value. Ally's penny stock definition: stocks priced $2.00 or less. Ally Invest imposes a $100 minimum trade amount for all OTC securities. This means that an order with 5,000 shares of any Pink Sheets/OTCBB/penny stock will cost you $50 or 5% of trade value (whichever is lower). Before trading a penny stock, contact Ally Invest Securities LLC (“Ally Invest”) customer service at 1-855-880-2559 for more information. We provide self-directed investors with discount brokerage services and don’t make recommendations or offer investment, financial, legal or tax advice. Stock Fees Stock commissions at Ally Invest are now $0. One exception is a $4.95 plus $0.01 per share charge for trades of penny stocks (those whose share price is under $2). ETF Fees Ally Invest’s ETF commissions follows the same schedule as stocks. Mutual Fund Fees Ally Invest charges a flat $9.95 commission for trading no-load mutual funds. Ally Invest Fees & Commissions. Ally Invest always had one of the lowest fees on the market. And in October 2019, it announced that there will no longer be any commission fees on U.S. listed stocks, ETFs, and options trades. Stock and ETFs: $0 per trade; Options: $0 per trade plus $0.50 per contract; Mutual funds: $9.95 to buy or sell no-load
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. Penny Stock Broker #1: Ally Invest The price for trades is just under $4 for more than 30 trades per quarter which is cheaper than a lot of its competitors. The platform also has a wide range of learning tools for new traders that are easy to use. Trades start at 0.5 cents per share with a $1 minimum per share and 1% trade value maximum, which can be a big money saver for penny stock traders. Under the tiered pricing structure, rates range from USD $0.0035 to $0.0005 per share with a 35 cent per-trade minimum and 1% maximum per order.