Ally Invest is offering two valid signup promotions. The online broker was previously called TradeKing, and I’ve been a customer since 2010. See my review of Ally Invest for an honest writeup of the experience I’ve had with the service.
The merger of TradeKing with Ally Bank makes them an even more powerful force in the marketplace. Ally can now be your one-stop shop for all your banking and investment needs.
If you aren’t currently a customer, or if you’re unsatisfied with your existing discount broker, now might be the time to switch.
Ally Invest’s low-cost commissions ($4.95 per trade) and great customer service make them an obvious choice for many. They have a wide range of investing tools available and a comprehensive online education center. They currently have two promotions available.
Trade 90 Days Free
With this offer, you can trade up to 90 days without commissions. You can take advantage of up to $500 in commission-free trades, including even options contracts. This promotion is available for IRAs and taxable accounts. Ally Invest will also credit you up to $150 on any fees incurred from switching brokers. This offer is available only to new Ally Invest customers.
$200 Cash Bonus
This offer gives you a $200 cash bonus when you make an opening deposit with a required minimum of $25,000. Accounts must be funded for at least 90 days to be eligible for the cash bonus. Unfortunately, this promotion excludes retirement accounts, but Ally will also help you recoup any transfer fees — up to $150 — when switching brokers. As with the other offer, it’s available only to new Ally Invest customers.