TradeKing prepares customers for move to ally.com

Maria Nikolova

The move happens about one year after Ally announced the $275 million purchase of TradeKing.

It has been more than a year since US financial services provider Ally Financial Inc (NYSE:ALLY) announced the agreement to acquire TradeKing. Now, the two companies are setting the stage for TradeKing’s pending rebranding and a move to ally.com.

As part of Ally’s acquisition of TradeKing, TradeKing will soon be rebranded as Ally Invest. TradeKing Advisors will be rebranded as Ally Invest Advisors, offering professionally-managed portfolios through an automated online process.

Owners of TradeKing Securities or Advisors accounts will access their investing account on ally.com. There, they will find the features known from TradeKing, including the streaming platform, charts, and research tools. Trading will be integrated with banking features on ally.com.

Also, with the move to Ally, the TradeKing mobile app will be replaced by the Ally Mobile app, integrating trading features with Ally’s banking features. Regarding the TradeKing API, customers may see a change to the name of the API, but there’ll be no changes to the data responses or request endpoints.

TradeKing Forex

TradeKing Forex, as you may already know, is an introducing broker to Gain Capital. When TradeKing moves to ally.com, customers will access TradeKing Forex at a new URL. There will also be some changes to the name and branding of the trading platform, that is why:

  • ForexTrader Web users will need to update the URL.
  • ForexTrader Desktop users will need to download the updated software.
  • ForexTrader Mobile users will have to download the updated app to their phone through Apple’s App Store or the Google Play Store.
  • MetaTrader4 Desktop and Mobile users will have to download the updated software.

No functional changes are being made to the Forex site, trading platform, or software. There will be no changes to pricing either.

MB Trading

In August 2015, TradeKing agreed to acquire MB Trading and, now, the transfer to ally.com will have some impact on clients using MB Trading products, including mbtrading.com, Desktop Pro, or Futures. These customers may see a name change, but there are set to be no functional changes to mbtrading.com or software. Traders will continue to use their existing username and password to access statements and account information at mbtrading.com, and MB Trading Desktop Pro will continue to function as it does currently.

Read this next

Inside View, Interviews

Interview: Stanislav Bunimovich on Finalto’s white label solution

To explore what makes Finalto’s white-label solutions stand out in such an incredibly competitive market, Finalto sat down with its Chief Operating Officer, Stanislav Bunimovich, for an interview. 

Digital Assets

Talos acquired Cloudwall for a better portfolio management system

Cloudwall’s additional expertise in portfolio risk systems further positions Talos at the forefront of portfolio management systems across spot, futures, perps, and options.

Digital Assets

Bybit’s Bitcoin market share explodes, up by 400%

“This milestone is a testament to our sharp trading products and the loyalty of our users. As the industry evolves, Bybit remains at the forefront, ready to set new standards in the crypto trading world.”

Crypto Insider

Why Self-Custody is the Key to Secure Crypto Trading

Crypto trading is fast gaining popularity; as of writing, the total market capitalization stands at $2.3 trillion, double what it was at the onset of the 2021 bull market.

Industry News

UK FCA sues Lee Steven Maggs for FX scam Kube Trading

‘Kube Trading’ allegedly received around £2.67 million for FX trading and concealed significant losses from investors.

Market News

AUD/USD Soars Following Inflation Report

Australia’s CPI surge hints at prolonged tight monetary policy. Watch the Aussie dollar as US economic data looms.

Institutional FX

GCEX reports drop in turnover in 2023 due to crypto winter

“The crypto winter had a huge impact across the industry, and GCEX was no exception. However, in response to the decline in revenue, we have been resilient and adaptive, navigating our costs effectively and diversifying revenue streams such as introducing staking services for institutional and professional clients.”

Institutional FX

FxGrow taps Integral’s SaaS brokerage workflow

“FxGrow’s decision to partner with us is indicative of the growing advantage for brokers to leverage tier-one institutional-grade technology while maintaining control over their own platform. Integral is well-positioned to provide the SaaS solutions that will enable these businesses to better compete in the market.”

Financewire

FBS Financial Market Analysts Forecast Gold Prices to Rise to $2,800

FBS, a leading global broker that has recently launched an upgraded FBS app, projects gold price surge to $2,800 per ounce by the close of 2024.

<