Ally Invest Forex

Ally Invest Forex

Ally Invest Forex is an online forex and CFD trading platform offered by Ally Invest. It allows traders to speculate on currency pairs and other assets with leverage. The platform offers competitive pricing, charting tools, research, and educational resources for forex traders.
Ally Invest Forex image
forex cfd trading currency-pairs leverage pricing charting research education

Ally Invest Forex: Online Forex Trading Platform

Competitive pricing, charting tools, research, and education resources for forex trading with Ally Invest Forex

What is Ally Invest Forex?

Ally Invest Forex is an online forex and contract-for-difference (CFD) trading platform offered by Ally Invest, which is the trade execution service of Ally Financial. It allows traders to speculate on the price movements of currency pairs like EUR/USD and GBP/USD as well as other assets like stock indices, commodities, and cryptocurrencies with leverage.

Some key features of Ally Invest Forex include:

  • Access to over 80 currency pairs as well as CFDs on stocks, stock indices, commodities, and cryptocurrencies
  • Competitive pricing with low commissions and spreads
  • Advanced charting and technical analysis tools from TradingView built into the platform
  • A selection of trading platforms to choose from including desktop, web, and mobile apps
  • Educational resources and market research to help develop effective trading strategies
  • 24/5 customer service and support via phone, email, and chat

Overall, Ally Invest Forex provides retail forex and CFD traders a full-featured trading solution backed by a trusted US financial services company. The combination of low costs, powerful tools, and quality education makes it suitable for active currency and CFD traders.

Ally Invest Forex Features

Features

  1. Trade over 50 currency pairs
  2. Mobile app for iOS and Android
  3. Advanced charting and technical analysis tools
  4. Customizable trading platform layout
  5. Automated trading through API integration
  6. No minimum account balance
  7. Commission-free trading available

Pricing

  • Commission-free trading (spreads only)
  • Low commission trading available
  • No minimum deposit
  • No monthly software fees

Pros

Low trading costs

User-friendly trading platform

Good research and education resources

Wide range of tradable currency pairs

Advanced trading tools and charting

Mobile app for on-the-go trading

Cons

Limited funding options compared to some competitors

Less currency pairs than some other forex brokers

No desktop trading platform, web-based only

Lacks some advanced order types

Customer support could be improved


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