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Online Brokers With No Minimum Deposit or Balance. Stock Trading Firms With $0 to Open a Brokerage Account.
2019 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 just $4.95 per trade for stocks and ETF's. Options are $0.65 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 accounts at the firm.
In addition to very low trading fees, Ally Invest accounts also have no minimums, and no maintenance or hidden fees. Customers get free
real-time quotes, low margin rates, 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 and an excellent online investor community. For investors who want
professional portfolio management, Ally Invest offers investment advisory services at very low cost.
Zero Minimum Broker Review
Ally Invest Review »
Ally Invest Promotion
Up to $3,500 cash bonus + commission free trades for new accounts.
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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 $6.95. Placing a trade using the broker's interactive voice response (IVR) telephone
system tacks on an extra $25. Using a living, breathing broker is an extra $40. Options are an extra $0.75 per contract. No-load mutual
funds that carry a transaction fee are a rather pricey $49.99. The broker does offer over 2,000 mutual funds that are no-load and carry
no transaction fee.
TD Ameritrade offers 296 commission-free ETF's and charges nothing extra for large orders, 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 can select from more than 14,000 mutual funds.
Traders have access to two major trading platforms, thinkorswim and Trade Architect, both of which come 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.
No Minimum Broker Review
TD Ameritrade Review »
TD Ameritrade Promotion
Trade free for 60 days + get up to $600.
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Firstrade is a medium size brokerage firm that started to make waves recently by cutting commissions to the lowest level in
the industry. Now they charge $0 for stock and ETF trades and $0 for mutual fund transactions. There are no hidden
fees at the company.
Firstrade created easy to use and well-designed website. Their mutual funds offering is impressive and the broker offers 700 (!)
ETFs commission-free. Of course, this is one of the online brokers with no minimum deposit or account balance requirements.
No Minimum Broker Review
Firstrade Investing Review »
Firstrade Promotion
$0 commissions + up to $200 in transfer fee rebates.
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The brokerage arm of Capital One bank is an online broker with no minimum deposit for both retirement and taxable brokerage accounts.
Capital One Investing charges a low $6.95 to trade stocks and ETF's. Placing a trade over the phone is $19.95. Options are $0.75 per contract plus the base charge. The broker offers more than 400 mutual funds that carry no load and no transaction fee. No-load funds that do carry a transaction fee are $19.95 on both the buy and sell sides. Automatic investments in stocks, mutual funds and ETF's are a low $3.95 per investment.
Capital One is good for investors who want to participate in
automatic investing at low cost. The broker also offers DRIPs at no cost. Capital One Investing charges no account maintenance or inactivity fees. The broker gives its clients access to banking services, including checking, savings, and debit cards. Customers also have access to no-fee IRA accounts. The broker's Portfolio Builder tool gives customers a simple and cost effective method to construct a portfolio.
No Minimum Broker Review
Capital One Investing Review »
Capital One Investing Promotion
Get $50 when you open new non-IRA account at Capital One Investing.
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Motif Investing also offers online trading accounts with no minimum deposit or account balance requirements.
This broker charges $4.95 for stock and ETF trades. Options and mutual funds are not offered. However, clients can create their own
mutual funds called motifs.
Motif Investing is known for its low commissions and good deals on 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, but only for whole, non-fractional shares.
No Minimum Broker Review
Motif Investing Review »
Motif Investing Promotion
None
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At USAA investors can open an online trading account with no minimum deposit. Margin accounts at USAA and all other brokerage firms require at least
$2,000 to open.
USAA Investments charges its customers $8.95 per trade rate for stocks and ETFs. An additional $0.01 is charged for every share over 1,000.
Options are an additional $0.75 per contract for both pricing systems. Mutual funds are a pricey $45.
Compared with other brokerage firms, USAA charges very few fees. The broker has no account maintenance, inactivity or hidden fees.
Customers also have access to no-fee IRA's and good banking services with USAA bank accounts.
No Minimum Broker Review
USAA Review »
USAA Promotion
None
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