Offer value details
Ally Invest says Self-Directed Trading can credit $75 when a user completes an online account transfer of $2,500 or more from another firm. The same official page lists no account minimum for self directed cash accounts and $0 commissions on most U.S.-listed stocks, ETFs, and options, with options contract and other fees still applying.
Qualification requirements
The official Self-Directed Trading page says users can transfer individual investments, cash, or an entire account via initial ACAT from another firm and receive a $75 credit when completing an online account transfer of $2,500 or more.
Fees and costs
Ally's commissions and fees page lists $0 commissions on most U.S.-listed stocks and ETFs priced $2 or higher, $0 option commissions plus a $0.50 per-contract fee, $0 purchases and sales for no-load mutual funds, $1-per-bond pricing with stated transaction minimums and maximums, low-priced security commissions, a $50 ACAT transfer-out fee, and other service fees.
Availability
Self-Directed Trading is offered through Ally Invest Securities LLC, member FINRA/SIPC, subject to account approval and investment-product terms. Ally says cash accounts have no minimum deposit to open, while margin accounts require a $2,000 minimum deposit.
What to verify
- Securities products are not FDIC insured, are not bank deposits, and may lose value.
- Options involve risk and may lose the entire investment or more in a short period.
- Margin trading can lose more than the amount deposited and requires separate eligibility.
- The $75 transfer-fee credit is tied to a $2,500 or more online account transfer and may not cover all costs a prior firm or Ally charges.
- The fee schedule lists transfer-out, wire, paper, low-priced security, regulatory, and other service fees.
Confirm current provider terms
Rates, rewards, fees, qualification rules, eligibility, and deadlines can change. Review the provider terms before applying.