Many brokers require a minimum deposit to open a new online broker account. Minimum deposit fees can be as low as $500, to as expensive as $10,000 or more. It all depends on which broker you are selecting to open a new account with.
Other factors to keep in mind include: margin versus cash accounts, regular accounts versus retirement accounts, and local US accounts versus international brokerage accounts. It is important to read the full broker review, in particular the commission notes, to find the exact minimum deposit required for the online broker account you are looking to open.
Minimum Deposit Fee definition - The minimum amount of money required to open a new online brokerage account.
Published on Monday, June 27th, 2016 .