Ally Bank (Ally Invest) Review 2024

I can’t get money for more than 2 months. Some excuses. I don’t know what can help to correct this situation, I have already tried everything ....

I came to Ally Bank half a year ago, when my knowledge of Forex was limited to the fact that I knew the names of the main currency pairs. I was disappointed that the self-study materials only provide information about the stock markets. I had to study the theory on other resources, and practice on the demo here, because I liked the trading conditions. You can work with a broker not only in the Forex market, so I consider it an advantage that a separate MT4 platform is provided for currency trading. You do not have to look for an instrument in a huge list of assets. The minimum deposit is only $250, so I recommend trying it. Most likely, you will like the conditions of the Ally Bank broker.

I chose Ally because I was interested in the possibility of working with ETFs and stocks that are quoted on American exchanges, without commissions. I decided to register and learned that this is complete trash. I waited for two weeks for them to check the documents, then I argued with support, who did not want to accept my documents. I thought I would send all this to hell and gave up on the idea of cooperating with Ally. I counted on loyalty and an adequate attitude. After all, this is not this company’s first year on the market, but it only caused me a bunch of problems.

I’m wondering why Ally made a demo only for Forex? What if I want to practice trading stocks or ETFs? I think that this is somehow unfair. Well, the commissions for withdrawing funds here really bite. Most brokers do not have withdrawal fees at all, but here they came up with the idea of ripping off their traders. Also, payment systems take their toll. After reading the reviews of other traders, I realized that there are many pitfalls in cooperation with this broker. Perhaps I will look for an alternative.

Guys, for options traders, Ally's conditions are generally on fire. The commission fee is more than loyal. For example, for stock options, it is only $0.5 per contract. Plus, I trade American stocks and ETFs with a commission of 0. The broker definitely knows how to motivate clients. The only drawback that I noted is the limited access to margin trading. To do this, you need to top up your balance by at least 2,000 dollars. I don’t have such an opportunity yet.

Ally offers really interesting conditions for passive income, and this option is suitable even for beginners! The threshold for entering Ally Invest is only 100 bucks. You can choose a strategy and track portfolio performance to adjust parameters as needed. I communicate with support mainly through an online chat, and the guys from the technical support service respond promptly. Recently, I began to participate in Ally’s referral program via its partner GAIN Capital Group. I have not seen the results yet, but I hope that everything will be ok. I heard from friends that the pay here is good.

I started trading with Ally a few months ago on the recommendation of a friend from the United States. Newcomers here are treated the same as the professionals. I was especially interested in the built-in service for automatic copying of deals of experienced traders that is available in MT4 and the broker’s diversified portfolios for passive earnings. I got lucky with the customer service. They try to resolve issues promptly, as they are tuned in to finding a solution because they do not want to spoil the reputation of this broker bank.