Review of successful online brokers: Ally Invest

Each new participant in the global financial market almost always attracts the attention of professional traders. And this is quite logical. If at the beginning of the 2000s. many investors, financiers, currency operations specialists were actively creating trading platforms, having no doubt that online trading will bring them a stable and high income, then in 2016-2018 wishing to do this business has become much less. And if the creators of the new company were not afraid to invest money in it, it means that they must have some kind of proposal to attract new customers. Despite the fact that Ally Invest cannot be called a new trading platform, it also interested many traders and investors.

What does Ally Invest offer to its users?

The history of the presented trading platform began in 2016, when the well-known financial institution Ally Bank (operating online) bought Forex broker TradeKing. This company has gained fame as an inexpensive investment platform. Ally Bank has repeatedly been recognized as one of the best online banks in the world. Without having their representative offices, the administration of the financial institution was able to concentrate more than 70 billion US dollars on its accounts. The top management of the Internet bank used the successful experience of their company to develop a new broker.

Security

Applications and platforms prepared for Ally Invest (MT4 and Ally Invest Forex, known all over the world) allow the service’s clients to work using virtually any device without fear that their information, transactions or financial resources will become available to intruders.

When visiting a web resource for the first time from another device, you will need a special security key, which is an additional and very effective means of protecting your account.

Serious companies and international corporations that are clients of Ally Invest confirm that it is possible to work with this broker as an ordinary trader or investor without fear of force majeure situations. The company always fulfills its obligations and agreements, regardless of the financial condition or social status of the user of the trading platform.

Regulators

Many experienced traders always begin their acquaintance with a broker, studying his licenses and other documents that provide the right to provide financial services. Considered trading platform is controlled by the following institutions:

● FINRA is a US corporation established by the decision of the US Congress that regulates the activities of securities companies and controls the rules for trading these assets.

● SIPC is a non-profit organization that is funded from the state budget of the US states in order to protect the interests of participants in financial markets.

For many traders and investors, the above organizations and the fact that US individuals / legal entities cooperate with the broker in question are the main factor that allows you to register a login on Ally Invest without further studying its advantages / disadvantages.

 Training

This trading platform in terms of the quantity and quality of training material provided for beginners, of course, lags far behind many competitors, but if you wish (using additional information from other sources), you can figure out how the Forex market works, what you need to do to make your earnings scheme etc.

For this, the web resource developers used:

● Basics of online trading.

● Glossary.

● Practical examples and advice.

● Analytical information with examples.

The main disadvantage of the broker is the fact that at Ally Invest the demo account still remains only in the strategic plans of the company. Although both the administration and the owners of the resource understand that this fact is a serious flaw, which significantly reduces the indicators of the development of the client base and the profit of the trading platform.

The main conditions of Ally Invest, which must comply with each user of the platform

If you are interested in the above information about this broker, before proceeding with the registration of your account, be sure to review the requirements / conditions of cooperation with this participant in the global financial market.

Trading Terms

● The minimum deposit amount is $ 1.

● Minimum bid – 0.01 lot.

● Support service – functioning (via e-mail, the company’s official website or telephone connection).

● Currencies of the trading account – US dollar (other currencies are converted at the current exchange rate).

● The minimum amount for withdrawal is $ 1.

● Auto trade – provided.

● Affiliate program – none

● Islamic account – absent.

● The maximum withdrawal period is 1 week.

If we study the reviews compiled about Ally Invest, we can conclude that the majority of users are satisfied with the above conditions, despite the fact that many competitors make more interesting offers (although it all depends on the particular trader).

How to deposit or withdraw money

In this regard, even some Western traders point out in the reviews compiled about Ally Invest that the company needs to work on the issue of increasing the number of ways to deposit / withdraw funds to trading accounts. At the moment you have the opportunity to use: debit / credit cards, WIRE Transfer, bank transfers and some other methods that can be found on the official broker resource.

Financial assets

For trading on Ally Invest, there are standard financial assets: futures, options, currency pairs, indices, commodities, precious metals, stocks and some other securities.