TradeKing becomes Ally Invest, moves to ally.com
Forex trading is now offered via Ally Invest Forex, an introducing broker to GAIN Capital Group.
As FinanceFeeds has already informed its readers, the TradeKing team worked hard over the past weekend to move TradeKing to ally.com, more than a year after US financial services provider Ally Financial Inc (NYSE:ALLY) agreed to acquire TradeKing in a $275 million deal.
Many changes are already apparent on TradeKing’s websites. A special page for customers details the steps one needs to make to complete the account move to ally.com.
Securities products and services are now offered through Ally Invest Securities LLC.
Advisory products and services are offered now through Ally Invest Advisors, Inc.
Forex products and services are offered through Ally Invest Forex LLC, an introducing broker to GAIN Capital Group. These Forex accounts are held and maintained at GAIN. Traders retain access to the ForexTrader and MT4 platforms, as well as research & analysis tools.
Futures trading services are provided by Ally Invest Futures LLC.
Regarding MBTrading, whose acquisition by TradeKing was agreed in August 2015, the webpage of the broker has been redesigned to say that “Ally Invest Now Owns MB Trading. We’ve recently acquired MB Trading, and we’re working to combine our products and services.” In the meantime, traders can still open an MB Trading account if they want to trade futures, access software platforms that run through MB Trading APIs, and use Desktop Pro trading software for stocks, futures or options.
At the moment of publication of this article the webpage of TradeKing Advisors is not active and shows a message “Looking for Ally Invest? We’ll be up and running soon.”
The Twitter account of TradeKing has been changed to Ally Invest, with TradeKing clients told to expect new mobile applications along with the move.
Once they have completed the move, owners of TradeKing Securities or TradeKing Advisors accounts will access their investing account on ally.com. They are set to find the features known from TradeKing, such as the streaming platform, charts, and research tools. Trading will be integrated with banking features on ally.com. Customers may see a change to the TradeKing API name, but there will be no changes to the data responses or request endpoints.