Contents
What happened to TradeKing?
US financial services provider Ally Financial Inc (NYSE:ALLY) agreed to acquire TradeKing more than a year ago, with the deal then valued at $275 million. Forex products and services are offered through Ally Invest Forex LLC, an introducing broker to GAIN Capital Group.
When did Ally buy TradeKing?
Apr 5, 2016
Ally Financial Announces Acquisition of TradeKing Group – Apr 5, 2016.
Does Ally Invest have an app?
Our dynamic trading experience means investors can manage their accounts, access their portfolios and make trades seamlessly across multiple devices. You can also access your account with mobile and tablet apps for iPhone and Android.
Is ally a safe bank?
Yes, Ally Bank is FDIC insured (FDIC# 57803). The federal government insures banking products from Ally up to $250,000 per depositor, for each account ownership category. FDIC insurance protects your money in the event of a bank failure.
What was TradeKing before?
TradeKing transformation complete after acquisition by Ally. TradeKing has rebranded as Ally Invest after Ally Financial (NYSE:ALLY) bought the digital wealth management company for $275 million last spring.
How Safe Is ally invest?
Ally Invest is as safe as any other brokerage firm out there. As pointed out above, no securities regulator insures the market price of a security. Anytime you invest in the securities markets, there is a level of risk that is not avoidable.
Can I day trade on Ally invest?
ALLY INVEST SECURITIES LLC (“Ally Invest”) DOES NOT PROMOTE DAY-TRADING. You will not be allowed to day-trade in your account. You will not be allowed to open and close positions on the same business day.
Is Ally stock a buy or sell?
Ally Financial has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 13 buy ratings, no hold ratings, and no sell ratings.
How much does it cost to trade stock with TradeKing?
Broker has a surcharge on stocks priced under $1.00 to discourage very risky penny stocks trading. TradeKing’s commission falls to only $3.95 per stock or ETF trade for clients making 30+ trades per quarter or anyone who has a $100,000+ account balance. Option contracts in these cases are only 50 cents each.
Is there a way to use TradeKing live?
The trade button on the bar can be used to quickly enter an order. Beyond the traditional website, there is a browser-based platform called TradeKing LIVE. Clicking on ‘TradeKing LIVE’ within the browser produces a new tab with the trading system.
Is there a minimum deposit to open a TradeKing account?
TradeKing minimum deposit required to open an account is $0 – this applies to both retirement and taxable accounts. TradeKing’s new account setup took just 10 minutes to complete.
How many mutual funds can you buy on TradeKing?
TradeKing offers over 8,400 mutual funds for sale on its website. More than 1,700 of these have no load. That leaves approximately 6,700 with a load. At TradeKing, load funds carry no transaction fee. Searching for a fund to buy is simple with the broker’s handy screener.