Reviews

How to start investing with Ally Invest?

Opening an account with Ally Invest is a simple process. In this article we’re going to show you how to do it. So read on and learn how to open your account!

Advertisement

Join Ally Invest: Wide variety of investment options and low transaction fees!

Ally Invest mobile app
How do you open an Ally Invest account? Source: Adobe Stock.

If you’re looking for a good investment option, Ally Invest may be a solid choice. They offer a wide range of products and services, and their fees are relatively low. They also have a wide variety of tools and resources to help you make the most informed decisions possible about your investments.

You can apply for an Ally Invest account directly on their website. There are no physical branches where you can do this process, so you must do everything online. Here’s how.

card

Broker

Ally Invest

invest trade

Commission-free trading on a number of U.S. stocks, ETFs and options.

You will be redirected to another website

Advertisement

Open account online

On Ally’s website, click the tab “Investing & Retirement” at the top of the page. This will reveal a dropdown menu where you should click the “Get Started” button. Then, click the “Start Trading” button in the “Self-Directed Trading” box. This will take you to another page where you must enter your first and last name, and email address.

Once you click “Register”, the website will show you 3 account options. If you’re planning to invest, choose “Individual” and hit “Next”. Then, enter your birth date, country of citizenship, marital status and number of dependents.

Now, enter your Social Security number and hit “Next” once again. Now the website will ask you to add your home address. Then you must enter your personal phone, a security question and a security answer. Hit next.

Enter your employment information, then read the questions with attention and answer “yes” or “no” truthfully. You will now have to enter your financial information. After that, the website will try to identify your investor profile to help you choose your investments. Enter your investment objective as the options are presented.

Read through the Ally Invest Securities Income Program, and make sure to check the box if you wish to enroll in it. Then hit “Next”. The website will then show you important information regarding the service you’re hiring. Make sure to read through it before clicking on “Agree and Continue”.

Once you’re done reading, hit “Submit Application”, and you are done! You will be informed by email whether your account has been approved.

Learn even more about investments: Best investments for beginners

Investor with laptop monitoring growth of dividends
Best investments for beginner investors. Source: Freepik

It’s easy to get lost in a sea of information when you’re starting out. A step-by-step beginners guide can be a great place to start. Let us help you with that! Hit the link below and get all the information you need to avoid analysis-paralysis and start investing today.

stocks market

Best investments for beginner investors

The first steps are always the hardest ones. Let us give you a hand!

Trending Topics

content

Merrick Bank Double Your Line® Secured Credit Card review

Find out how to double your credit limit regardless bad credit in this Merrick Bank Double Your Line® Secured Credit Card Review. Read on!

Keep Reading
content

Porte Mobile Banking review: Get started with no minimum deposit

With this Porte Mobile Banking review, you can find out if it is the perfect banking solution for your lifestyle. Read on!

Keep Reading
content

Amazon Rewards Visa Signature Card review: What’s Great and Not So Great

How to shop on Amazon and Whole Foods with cashback? Find out here in this Amazon Rewards Visa Signature Card review. Read on!

Keep Reading

You may also like

content

Hassle-free experience: Apply for LendKey Student Loans

Learn to apply for LendKey Student Loans and secure your education funding. Plus, discover a student-friendly credit card option!

Keep Reading
content

High-yield savings vs. money market: find the best account for you

High-yield savings or money market? Find out the pros and cons and which account is best for saving your money. Keep reading!

Keep Reading
content

Learn to apply easily for the PenFed Mortgage

How to apply for PenFed mortgages? Follow these 5 steps! Choose from a variety of loan products! Enjoy closing-cost credits!

Keep Reading