TD Ameritrade 300

Low Minimum To Open Brokerage Account


2018 largest online investing brokerage firms with lowest minimum deposit requirements. Cash accounts could be opened with zero ($0 or $500) initial deposit, margin accounts always require at least $2,000 initial deposit to open. Lowest minimum deposit requirement - $0 to open a cash brokerage account or an IRA.




TD Ameritrade rating

TD Ameritrade


TD Ameritrade Minimum Initial Deposit


TD Ameritrade account minimum: $0.

TD Ameritrade low minimum initial deposit to open account: $0.


TD Ameritrade Advantages

Traders, both new and experienced, are attracted by TD Ameritrade’s PaperMoney virtual trading system that allows both groups to either learn more about trading or to test sophisticated trading strategies without risking real money. Along with that, Thinkorswim and Trade Architect, TD Ameritrade’s trading platforms, are state-of-the-art.

Other strong TD Ameritrade advantages are low minimum deposit ($0), no account maintenance, inactivity, or IRA fees; free DRIPs; and no surcharges on penny stocks, large orders, or after-hours trading. The company also offers 296 ETFs with no commissions. Free streaming quotes, including Level II quotes, is another good feature for active traders. Investors will also appreciate the company’s outstanding selection of independent, third-party research from 13 firms including S&P, Morningstar, Jaywalk, and TheStreet.

Finally, TD Ameritrade is a large and well-known company with 450+ local branches for investors who want personal service.


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Open TD Ameritrade Account


Trade free for 60 days + get up to $600.



Ally Invest rating

Ally Invest


Ally Invest Minimum Initial Deposit


Ally Invest account minimum: $0.

Ally Invest low minimum initial deposit to open account: $0.


Ally Invest Advantages

This company’s big advantage over most competitors are some of the lowest commissions available: $4.95 for stocks, ETFs, and options (with an additional contract fee for options) and $9.95 for mutual funds. Also attractive to customers are no account minimums at Ally Invest and no minimum initial deposit.

Customer service is another strength along with an active and useful online investor community that is second to none. Ally Invest doesn’t charge account maintenance, inactivity, annual IRA, or other hidden fees. No charge Dividend Reinvestment Plans (DRIP) are available.

Lesser advantages include low margin interest rates and low-cost, professional portfolio management.


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Up to $3,500 cash bonus + commission free trades for new accounts.



Motif Investing rating

Motif


Motif Investing Minimum Initial Deposit


Motif Investing account minimum: $0.

Motif Investing low minimum initial deposit to open account: $0.


Motif Investing Advantages

With a unique concept in the online brokerage business, Motif Investing’s main advantage is its simple and low-priced format for building a diversified portfolio. Done right, its commission structure is hard to beat, but investors must be aware that certain transactions might be less cost-effective with Motif Investing. Especially attractive are pre-built motifs for retirement—so-called Target Date motifs.

Since Motif’s portfolios act as de facto mutual funds, investors avoid typical mutual fund management and expense fees. This offers substantial savings since average mutual fund fees are typically 1% or more per year.

Account minimums are a low $300, and Motif doesn’t charge fees for IRAs, account maintenance, or account inactivity. Other strong points are a social platform for clients, competitive margin rates, and the availability of fractional shares, which can be particularly helpful for small accounts.


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None



Etrade rating

E*trade


Etrade Minimum Initial Deposit


Etrade account minimum: $0.

Etrade low minimum initial deposit to open account: $500 for non-retirement account, $0 for retirement account.


Etrade Advantages

The biggest advantage E*Trade has over most of its competitors is its research amenities and trading platforms. Traders can access investment research from S&P, Morningstar, Thompson-Reuters, Credit Suisse, and Smart Consensus. E*Trade Pro, the company’s trading platform for active traders, is as good as any other platform and constantly being updated with improvements and extra features.

While charging some of the highest commissions, E*Trade doesn’t charge maintenance, account, or inactivity fees and doesn’t have surcharges for large orders or penny stocks. Etrade account minimums are low: $0 for retirement cash accounts, $500 for cash accounts, and $2,000 for margin accounts. In addition, investing advice is available by phone or in person.

E*Trade was one of the pioneers in online trading and is a large, well-established, publicly-traded company.


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At E*TRADE, get $6.95 trades + 65₵ per options contract.