ALLY Finance Services Company Review

Modern banks are relentlessly fighting for every customer, promising them financial well-being and stable income growth. One of such players is Ally, an online finance company, delivering online banking, credit, lending, auto financing, and brokerage services. If you love complex solutions, go on reading.

ALLY Finance Services Company-site

What is Ally?

Ally Financial Inc. (NYSE: ALLY) is an online financial establishment offering a full range of related services:

  • Investing: Shares and ETFs, Mutual funds, Options, Bonds, ByRDs (Binary Return Derivatives), Fixed income trading, Forex;
  • Banking: individual retirement accounts, savings accounts, and online banking;
  • Home loans, including mortgage refinancing;
  • Vehicle financing

The company also offers its own Ally Cash Back Credit Cards issued by TD Bank, N.A. (the USA national bank and subsidiary of the Canadian multinational Toronto-Dominion Bank).

Ally has a direct banking subsidiary – Ally Bank, which is a member of the Federal Deposit Insurance Corporation (the USA Government) and Equal Housing Lender.

Ally delivers brokerage services via Ally Invest Securities LLC., which is registered with the Securities Investor Protection Corporation and the USA Financial Industry Regulatory Authority. Such compliance gives customers peace of mind that their accounts with Ally are well-protected and never misused. If liquidated, every Ally’s client will be compensated with up to $500,000.

Advisory products/services are delivered by Ally via Ally Invest Advisors, Inc., which is a registered investment advisor with the USA Securities and Exchange Commission.

Brokerage services are sourced through Ally Invest Forex LLC., which, in turn, is a member of the USA National Futures Association acting as an introducing broker to GAIN Capital Group, LLC.

With over 800 employees, Ally has offices throughout the United States, while headquarters are
at 500 Woodward Ave Detroit, MI 48226 (Ally Financial Inc.), and at 200 West Civic Center Dr Sandy, UT 84070 (Ally Bank).

Trading conditions

Ally possesses a proprietary web-based HTML 5 trading platform for delivering brokerage services. This platform allows traders to manage their accounts and conclude deals across different devices. It is also possible to access your account on small-screen iOS and Android devices via an appropriate mobile application. The platform’s main features are:

  • 8 chart types (line, candlestick, bar, and mountain) with 117 chart studies and 30+ drawing tools that analyze the assets’ behavior
  • Custom watch lists
  • Profit/loss graph
  • Profitability calculator
  • Market data, news and companies’ metrics
  • Option chains

ALLY Finance Services Company-site

You can elect between professionally managed automated investing (a minimum deposit is $2,500) and self-directed trading (no account minimums). Spreads and fees will vary depending on the investment type you select, as well as on the trade volume and asset type.

Ally is a multi-faceted financial organization which can get you covered in any financial aspect, from home buying and mortgage refinancing to individual retirement savings and investing. Whatever scenario you choose rest assured Ally is fully compliant and controlled by leading financial regulatory bodies to provide the utmost financial experience.

2 Comments

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Robert

12/06/2019 Reply

Totally Recommend!! This is not my first broker and I still have the best impressions about it. The platform operates smoothly and swiftly. If I open up in a period of high volatility, there are no delays, which surprised me pleasantly.

Kian

31/05/2019 Reply

I have been concerning myself with Forex trading for over 5 years already and tried apprx. 10 firms. I know the traits of a good broker, and you can take it from me: this dealer is worth considering. They are easy to contact. Though spreads are not the best in the market, they are average and transparent. Believe me, if a broker does not try to earn from your trading somehow, it is a very suspicious broker. when I have some problem or question, my manager always calls me by phone and explains what shall I do. In some time, he calls me again to make sure my trading is smooth!

ALLY Finance Services Company Review

ALLY Finance Services Company
Bonus

No

Min. deposit

$1

Regulators

NFA CFTC

Leverage

No

Platforms

TradeKing LIVE, MetaTrader4

Year of foundation

2016

Country

USA