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Brokers With No Minimum Deposit. $0 to Open a Stock Investment Account.
List below contains stock brokers with no minimum deposit or initial balance
requirements to open an investment account in 2025.
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No Minimum Deposit Required at Schwab, Robinhood, or Firstrade
Key points:
• You can open brokerage accounts at Robinhood, Schwab, and Firstrade without any deposit.
• All three brokers offer trading with zero commissions.
• None of these brokers charge ongoing or low-balance fees.
If you want the lowest account minimums and fees possible, Schwab, Firstrade, and Robinhood are your best options.
Robinhood
Robinhood lets you open a brokerage account with no initial deposit. You can keep your account balance at zero, too. If you decide to add funds, there's no required minimum. Fractional-share trading allows stocks and ETFs to be purchased with just $1, and cryptocurrencies for even less.
Robinhood charges no commissions for trading stocks, ETFs, or equity options. Futures and index options may have fees. Small accounts can trade actively without transaction costs, although regulatory charges and spreads still apply.
Your positions appear in your account as fractional shares or coins. Selling these positions is easy—just enter the fractional amount you want to sell.
Robinhood charges no ongoing account fees. There's also no minimum balance requirement, so keeping a small account costs nothing.
Robinhood's fee-free policy applies to taxable accounts and IRAs. Closing any account type is also free.
Robinhood offers spending accounts with no minimum deposit required. These accounts have no setup, monthly, inactivity, or annual fees.
Spending accounts come with a prepaid cash card that also has no ongoing fees. ATM withdrawals cost $2.50 per transaction.
Free Robinhood Account
Visit Robinhood Website
Charles Schwab
Like Robinhood, Charles Schwab allows you to open accounts with no deposit. This includes brokerage, checking, and savings accounts. Checking accounts need some funding to issue a checkbook and Visa debit card.
Brokerage accounts can start with zero deposit. Once open, you get access to Schwab's website, mobile app, and thinkorswim trading platform.
Schwab offers many investments with low minimums. Most mutual funds available at Schwab can be bought for just $1 (4,947 out of 5,740 funds). You can search mutual funds under the Research tab.
Schwab has fractional-share trading for stocks with its Stock Slices feature, allowing $5 minimum investments in S&P 500 stocks. ETFs at Schwab still trade in whole shares, though some cost less than $50 each.
Schwab provides many educational resources for investors. These resources, including stock reports, beginner courses, live TV channels, and market news, are free and helpful for small accounts.
Schwab charges no ongoing fees and provides commission-free trading for most investments.
Free Charles Schwab Account
Visit Schwab Website
Firstrade
Firstrade is another excellent broker where you can open a brokerage account without depositing any money. Domestic and international accounts can start at $0 easily through Firstrade’s simple website. Once opened, your self-directed account has no maintenance, annual, or low-balance fees. Closing an IRA is free as well.
Firstrade accounts, whether taxable or retirement, allow trading with very small amounts. You can trade fractional shares of stocks and ETFs starting at just $5. Fractional-share trading is possible through both the website and mobile app. You can use market and limit orders for fractional shares. Switching between dollar and share amounts is easy; if a dollar amount can't be used, the order defaults to shares instead.
Many mutual funds at Firstrade have minimum trades of $1 or less—we found 3,436 such funds available.
Most trades at Firstrade are commission-free. You can trade mutual funds, stocks, ETFs, options, and closed-end funds at no cost.
Free Firstrade Account
Visit Firstrade Website
Updated on 7/4/2025.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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