What is Ally Invest
Ally Invest is a popular Forex and CFD broker in the USA that provides more than 50 currency pairs, futures and precious metals. The platform is a subsidiary of a major US financial group Ally Financial Inc.
How Does Ally Invest Exchange Work
Ally Invest provides access to such assets as options, futures, precious metals, currency pairs, CFD contracts, indices, raw materials, stocks and some other securities. The minimum withdrawal and deposit is $1, the minimum rate is 0.01 lots.
In addition to the MT4, the broker also offers its own trading platform with Ally Invest Live. It is relatively easy to use, and an intuitive user guide ensures that even beginners can learn it. Traders have access to 10 drawing tools and 84 technical indicators.
MetaTrader 4 has its advantages, especially in graphics and automated trading. It can be individually expanded by installing advisors such as Keltner Pro. This allows the platform to independently carry out transactions without the trader being on the PC.
For mobile trading, the broker offers its customers a free application for iOS and Android. Applications provide full access to the trading account and include all the important functions of the trading platforms. Customers can cancel, place or modify orders from their device.
There are also training opportunities that have become an important quality criterion for Ally Invest. The platform has webinars, instructional training videos, practical examples and tips, glossary, analytical information with examples and more. In this way, traders can learn more about the well-known strategies of various asset classes.
Webinars are held at regular intervals, when users can learn about various areas of trade. For registered customers participation is free.
How To Trade On Ally Invest
To open an account you should click on the “Online Account” button, there you will see such accounts as Bank (savings service, checking and money market, IRA and CD accounts), Home Loans (buying and refinancing real estate) and Invest (independent trading and portfolio management).
In addition, traders must be verified in order to have access to the platform markets.For it, you will need documentary evidence of the data (photo, scan) specified during registration (contact, passport and financial data).
Is Ally Invest Safe?
It is considered as a safe platform because of its regulation of top-level financial institutions FINGA, SEC and extensive experience in the field of trading.
Ally Invest is an online broker that, in addition to working with futures and options, also offers over-the-counter trading in the Forex market.
The conditions on the platform are quite convenient, but the minimum spread of 1.5 pips is relatively high compared to others. Also, Ally Invest offers MetaTrader 4 and its own platform. The company has reliable regulators and high ratings on review websites.