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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!

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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.

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Broker

Ally Invest

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

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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!

About the author  /  Danilo Pereira

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