Online brokers with no minimum deposit

Online Brokers With No Minimum Deposit or Balance. 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.

Ally Invest rating

Ally Invest
Ally Invest

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

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Ally Invest Promotion

Up to $3,500 cash bonus + $0 commission trades.

Open Ally Invest Account

TastyWorks rating

Tastyworks logo


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

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tastyworks Promotion

$0 commissions on stocks/ETFs + $75 for each friend referred.

Open Tastyworks Account

WeBull rating



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

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Webull Promotion

Get a FREE stock valued up to $1,600 + $100 in ACAT reimbursement.

Open WeBull Account

M1  rating

M1 Finance

M1 Finance

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

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M1 Finance Promotion

Pay $0 commissions. Transfer account to get up to $2,500 bonus at M1 Finance.

Open M1 Finance Account