Online trading broker minimum fund investment to open an account ?
Can you please list out all the online trading brokers and their minimum investment fund to start the trading account. I'm only talking about cash account not margin account. Thinkorswim users with funding experienced is highly recommended to answer on thinkorswim's minimum investment some saying USD 500 to USD3500 im not sure which is true.
Public Comments
- Listing them all out for you would be an arduous task. If you are interested you can go their their respective web sites and do the research yourself. Here is what Thinkorswin says https://www.thinkorswim.com/tos/myAccounts/displayFaq.tos
- The link from the other poster was broken (maybe he was logged in). Thinkorswim is $3500 minimum to open a regular account, but there is "no minimum" to open an IRA. You can try their software for free (with PaperMoney) if you open an account, but quotes are delayed until you fund your account (real time quotes and charts once funded). I have a portion of my IRA there for shorter term trades and learning options. Very useful technical data, but no fundamentals unless you are an InvesTools member. It does have live news and live CNBC video. Last I heard Scottrade has a $500 minimum to open an account. I have not used them, but my brother does for some of his investments (he has been retired since age 32 and manages mom's IRA and family trust my dad set up when he passed away).
- Thinkorswim 3500$ A. B. Watley Group Inc. 2000$ Affina Brokerage Services, LLC. 1000$ I got this data from that website http://www.stockbrokersnet.com/ - so I'm not sure how adequate this information is, but there are more brokers listed - you can check yourself also.
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