Commission costs at Ally Invest are $4.95, and it offers a lot of value for that low price tag. Ally Invest has a $0 account minimum and is a great option for active traders and options trading. It isn’t as mainstream as some of its competitors, but it’s building a healthy reputation for the quality and breadth of its offerings. Investing options include stocks and options, ETFs, IRAs, mutual funds, bonds, forex and International Stock Exchange.
Online investing can be one of the best things to do with your money when you want to increase your savings. While there is no single choice for the best online investment sites that is best for everyone, there are plenty of financial tools available to help you make the best decisions. It’s helpful to be aware of your options — plenty of online brokerages, virtual trading sites and investing sites would love to have you choose them. Regardless of whether you’re looking to invest for the first time or you’ve been trading options for a long time, there are interactive brokers out there that can help you make smart financial decisions. Here is a breakdown of some of the best resources on the web.
- Ally Invest: Best Overall Online Investment Site
- Betterment: Best Online Investing Site for Beginners
- Wealthsimple: Best Robo Advisor
- TradeStation: Best Investing Site for Stock Trading
- Personal Capital: Best for Large Investments
- TD Ameritrade: Best for Investment Selection
- Swell Investing: Best Investing Site for Do-Gooders
- Blooom: Best Investing Site for 401(k)
Best for: Beginners. Ally Invest makes investing easy and offers a lot of education around investing, so you can make the best decisions when it comes to your money.
Price: Trades are $4.95, and the options base fee is also $4.95. Options per contract are $0.65 and broker assisted orders are $20.
Features: Ally Invest offers all the typical investing options, including stocks, options, ETFs, IRAs, mutual funds, bonds, forex and trading on the International Stock Exchange.
Other highlights: Ally Invest doesn’t require a minimum balance, which is a nice feature that a lot of investing sites don’t offer. It also offers an easy-to-use platform and a mobile app, which are benefits for beginners.
Customer service: Ally Invest offers customer service both for technical issues and when you have questions about trading. It has brokers on hand to help with any of your investment questions.