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Online Brokers With No Minimum Deposit. Stock Trading Firms With $0 to Open a Brokerage Account.
2020 list below contains the best online stock trading brokerage firms with no minimum deposit or initial balance requirements to open an account. Cash
brokerage accounts could be opened with low, zero ($0) initial deposit; margin accounts always require at least $2,000 initial investment.
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Ally Invest is one of the industry's lowest-cost brokers, charging $0 per trade for stocks and ETF's. Options are $0.50 extra per
contract. Mutual fund traders pay $9.95 per trade. Ally Invest offers a no minimum brokerage account: $0 is required to open and maintain an account at the firm.
In addition to very low trading fees, Ally Invest accounts also have no maintenance or hidden fees. Customers get free
real-time quotes, and good customer service. The broker also offers no-fee IRA's and free DRIP (dividend reinvestment
plan) service. Ally Invest has a variety of educational resources. For investors who want
professional portfolio management, Ally Invest offers $0 fee Ally Cash-Enhanced Managed Portfolio.
Broker Review
Ally Invest Review »
Ally Invest Promotion
Up to $3,500 cash bonus + $0 commission trades.
Open Ally Invest Account
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TD Ameritrade is the largest brokerage firm with no minimum deposit and no minimum account requirements. Both IRA and non-IRA accounts could be opened
with $0 down.
Trading stocks and ETF's at TD Ameritrade costs $0. Using a living, breathing broker is $25. Options are an extra $0.65 per contract. No-load mutual
funds that carry a transaction fee are a rather pricey $49.99. The broker does, however, offer over 4,200 mutual funds that are no-load and carry
$0 transaction fee.
TD Ameritrade charges nothing extra for large orders, listed penny stocks, or after-hours trading. There
are no inactivity fees or account maintenance fees, including for IRA accounts. The broker also offers DRIP services free of charge.
Research reports are available at no cost from 12 independent providers. Investors also get access to professional trading platform, thinkorswim, which comes with free streaming quotes,
including Level II quotes. Investors can practice trading with Paper Money, a virtual practice account, or discuss ideas in myTRADE, an
on-line trader community. There are 450 retail locations for investors who want personal guidance.
Broker Review
TD Ameritrade Review »
TD Ameritrade Promotion
$0 commissions + transfer fee reimbursement.
Open TD Ameritrade Account
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tastyworks is a very unique firm that has a different
style. It's definitely not a traditional brokerage house. It probably would be best for investors who have used
tastytrade in the past and enjoy it. Their $0 initial deposit policy, great trading technology, and low-cost
commission schedule make it a must try for active traders.
Broker Review
tastyworks Review »
tastyworks Promotion
$0 commissions on stocks/ETFs + $75 for each friend referred.
Open Tastyworks Account
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Webull is a medium size brokerage firm that made waves by cutting commissions to the lowest level in
the industry. They charge $0 for stock, options, ETF trades as well as for crypto-currencies transactions.
There are no hidden fees at the company.
Webull created easy to use and well-designed mobile app. Their paper trading and trading platform are impressive,
and the broker offers all ETFs commission-free. Of course, this is one of the online brokers
with no minimum deposit or account balance requirements.
No Minimum Broker Review
Webull Investing Review »
Webull Promotion
Get 4 FREE stocks valued up to $1,600 + $100 in ACAT reimbursement.
Open WeBull Account
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M1 Finance also offers online trading accounts with no minimum deposit or account balance
requirements.
This broker charges $0 for stock and ETF trades. Options and mutual funds are not offered.
However, clients can create their own mutual funds called Pies. Or they can use Pies created by others.
M1 Finance is known for its low commissions and margin rates. The broker offers
its clients no-fee IRA's.
The firm has no volume requirements, no maintenance fees, and no inactivity fees. DRIP services are available at
no cost.
Broker Review
M1 Finance Review »
M1 Finance Promotion
Pay $0 commissions. Transfer account to get up to $2,500 bonus at M1 Finance.
Open M1 Finance Account
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