Brokerage Account Minimums

Stock brokerage account commission fees comparison.

Brokerage account minimums. Some brokerage firms will set a minimum at 1 000 2 000 or more. Most brokerage houses charge commission fees that range in a narrow band of 0 08 to 0 28 of your contract value. Different brokerage accounts have different opening balance requirements. 0 is required to open and maintain an account at the firm.

But over the last few years ib has been transforming itself into a kinder gentler brokerage by reaching out. Mutual funds due to the paperwork and backend work of maintaining accounts many mutual funds have minimum investments of around 1 000 though there are some notable exceptions to the rule. In addition to very low trading fees ally invest accounts also have no maintenance or hidden fees. According to the financial industry regulatory authority finra a minimum deposit of 2 000 or 100 of the purchase price of.

Broker account minimum a usd 10 000 or non usd equivalent up front deposit will be required that will be applied against commissions during the first 8 months. Quarterly or annual fee or may require a minimum account amount to avoid a fee. If you have deposited at least 250 000 in the new account and you make subsequent deposits in that account to reach a higher tier you will receive a second cash credit following the close of the 60 day window. Margin accounts with a brokerage firm are subject to minimum balances.

Brokerage accounts that charge transaction based commitments must have at least 500 000 as of june 30 to avoid the maximum charge up from 250 000 currently a wells advisors spokeswoman said on. In singapore the online stock brokerage account space is already a highly competitive space. Step by step guide to opening a stock brokerage account in singapore. However if you deposit 250 000 499 999 you will receive a cash credit within seven business days.

Opening new accounts required 10 000 one of the highest minimums in the industry.