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No Minimum Balance StockBrokers

CompareBroker aims at helping traders to help investors to choose the Best Stock Broker. We partner with different online stock brokers and bring out their value proposition to consumers for a fair comparison. Experts suggest to consider opening multiple accounts... read on to find out why!

minimum balance on trading account

In online trading community the minimum balance depends on type of trading. If you are beginner in trading, you have to pay some minimum balance because while starting you have to put little effort to know about the industry. For those people who are constantly investing their money on trading need not have to worry about minimum balance. Normally, the minimum balance in your trade will give some specific benefits to you, but before planning you have to compare the total cost and find out the advantages of having minimum balance. If you found it has effective one then you can get benefit of it. But it's better to find brokers who do not need any minimum balance requirement.

Most of the online brokers need minimum deposit to open an account. They will mention some minimum amount, it starts from $10,000 and you have to agree to deposit that money to start trading. You must be very attentive in such cases, some brokers may reduce the minimum deposition amount, but they charge the maintenance fee. So this is where you must concentrate to read their conditions properly before making any further decisions. Thus select a proper broker who doesn't charge any minimum and hidden fees on your stocks trading.

In a nutshell this is really dependent on what kind of trading you are looking to do. For some starters, minimum balance is bothersome because they have to put that much money into it. For people who plan on investing regularly, this might be okay. Usually with minimum balance come some perks so you should compare for yourself and figure out what you really want.

Below is the list of stock brokers which do not have any minimum balance requirement:

Top Pick In Category

Zecco: 0$ Stock Trade

Free stock trading IRA – including Traditional, Roth and Rollover IRAs

Superior trade execution with industry leading trading platform

Friendly customer service 5 days a week

Free membership to vibrant financial community of online investors at zecco.com

Maintenance Fee:	$0	Simple Options fee (per contract):	$4.50 + $0.50 per contract
Minimum balance:	$0	Stocks Purchase Fee:	$4.50 per trade
		Minimum no. of trades/quarter:	0

Top Pick In Category

Tradeking: Receive up to $150 in transfer fees when you switch to TradeKing

Best Customer Service: "SmartMoney's Annual Broker Survey May 2008"

Broker Assisted Trade at no additional cost

#1 online discount broker by SmartMoney Magazine in 2006 & 2007

Maintenance Fee:	$0	Simple Options fee (per contract):	$4.95 + $0.65 per contract
Minimum balance:	$0	Stocks Purchase Fee:	$4.95 per trade
		Minimum no. of trades/quarter:	0

Top Pick In Category

Options Xpress: Stocks

Low Commissions and More Value

Trade All Products in ONE Account

Best online discount broker deals

oX Education - FREE and On-Demand

Maintenance Fee:	$0	Simple Options fee (per contract):	$1.25 per contract (min: 12.95)
Minimum balance:	$0	Stocks Purchase Fee:	$0.01 per share / $9.95 per trade
		Minimum no. of trades/quarter:	0

Top Pick In Category

Trademonster: Get up to $250 in account transfer fees back when you open a new tradeMONSTER account

Very easy-to-use, innovative trading platform

Dazzling array of tools and free streaming real-time quotes

Fully integrated paperTRADE account to learn new strategies

Maintenance Fee:	$0	Simple Options fee (per contract):	0.50/contract (12.50 min)
Minimum balance:	$0	Stocks Purchase Fee:	$7.50 per trade
		Minimum no. of trades/quarter:	0

Top Pick In Category

OptionsHouse: Spend Less and Get More at OptionsHouse! $2.95 Flat-Rate Stock Trades

Cheapest Stock Trading Commission

No upcharge for Broker-Assisted Trading

Ranked 1 in Trade Experience By Barron's 2009

4.45% Margin Interest Rate!

Maintenance Fee:	$0	Simple Options fee (per contract):	$9.95 flat-rate
Minimum balance:	$0	Stocks Purchase Fee:	$2.95 per trade
		Minimum no. of trades/quarter:	0

OptionsHouse: Spend Less and Get More at OptionsHouse! $2.95 Flat-Rate Stock Trades

Cheapest Stock Trading Commission

No upcharge for Broker-Assisted Trading

Ranked 1 in Trade Experience By Barron's 2009

4.45% Margin Interest Rate!

Maintenance Fee:	$0	Simple Options fee (per contract):	$9.95 flat-rate
Minimum balance:	$0	Stocks Purchase Fee:	$2.95 per trade
		Minimum no. of trades/quarter:	0

Options Xpress: Stocks

Low Commissions and More Value

Trade All Products in ONE Account

Best online discount broker deals

oX Education - FREE and On-Demand

Maintenance Fee:	$0	Simple Options fee (per contract):	$1.25 per contract (min: 12.95)
Minimum balance:	$0	Stocks Purchase Fee:	$0.01 per share / $9.95 per trade
		Minimum no. of trades/quarter:	0

Additional Offers

Options Xpress: Options

Low Commissions and More Value

New investors can start with our Educational Resources to learn about specific strategies and advanced concepts

Easy-to-Open Accounts

Maintenance Fee:	$0	Simple Options fee (per contract):	$1.25 per contract (min: 12.95)
Minimum balance:	$0	Stocks Purchase Fee:	$0.01 per share / $9.95 per trade
		Minimum no. of trades/quarter:	0

Top Pick in Category

Sharebuilder: Fractional Stocks

Ability to do automatic investments and purchase fractional stocks

Invest any dollar amount on Tuesdays exclusively online

Select from our list of over 7,000 stocks and ETFs

Maintenance Fee:	$0	Simple Options fee (per contract):	$9.95 + $1.00 per contract
Minimum balance:	$0	Stocks Purchase Fee:	$9.95 per trade
		Minimum no. of trades/quarter:	0

Additional Offers

Sharebuilder: Fractional Stocks

Ability to do automatic investments and purchase fractional stocks

Invest any dollar amount on Tuesdays exclusively online

Select from our list of over 7,000 stocks and ETFs

Maintenance Fee:	$0	Simple Options fee (per contract):	$9.95 + $1.00 per contract
Minimum balance:	$0	Stocks Purchase Fee:	$9.95 per trade
		Minimum no. of trades/quarter:	0

Sharebuilder: Fractional Stocks

Ability to do automatic investments and purchase fractional stocks

Invest any dollar amount on Tuesdays exclusively online

Select from our list of over 7,000 stocks and ETFs

Maintenance Fee:	$0	Simple Options fee (per contract):	$9.95 + $1.00 per contract
Minimum balance:	$0	Stocks Purchase Fee:	$9.95 per trade
		Minimum no. of trades/quarter:	0

Cobra Trading, Inc.: Strike First in the Market

Cobra Trading, Inc.: Strike First in the Market

Industry Leading Customer Service

Free Software Demo

ECN Rebates

Customized Commissions

Professional Level Multiple Trading Platforms

Short Locates

Maintenance Fee:	$0	Simple Options fee (per contract):	$7.99 plus 1.0 per contract
Minimum balance:	$0	Stocks Purchase Fee:	$0.005 per share / $7.99 per trade
		Minimum no. of trades/quarter:	0

Top Pick In Category

Firstrade: 100 Free Trades & 200$ Cash

3 Second Execution Guarantee

Five commission-free Stock trades

Free S&P Stock Reports and 5 Star Recommendations

Level I and II Streaming Quotes

Maintenance Fee:	$0	Simple Options fee (per contract):	$6.95 + $0.75 per contract
Minimum balance:	$0	Stocks Purchase Fee:	$6.95 per trade
		Minimum no. of trades/quarter:	0

Etrade: Stocks

No minimum trades or balances

Free Independent research from 5 leading sources

6X national average with complete saving account from etrade bank

Maintenance Fee:	$0	Simple Options fee (per contract):	$12.99 plus $0.75
Minimum balance:	$1	Stocks Purchase Fee:	$12.99 per trade
		Minimum no. of trades/quarter:	0

Etrade: Options

Low pricing

Free Independent research from 5 leading sources

6X national average with complete saving account from etrade bank

Maintenance Fee:	$0	Simple Options fee (per contract):	7.99 plus 0.75
Minimum balance:	$1	Stocks Purchase Fee:	7.99 per trade / .005 Per Share
		Minimum no. of trades/quarter:	150

Top Pick In Category

Options Xpress: Mutual Funds

Maintenance Fee:		Simple Options fee (per contract):
Minimum balance:	$1.00	Stocks Purchase Fee:
		Minimum no. of trades/quarter:

Additional Offers

Etrade: Mutual Funds

No transaction fees

Free Independent research from 5 leading sources

6X national average with complete saving account from etrade bank

Maintenance Fee:		Simple Options fee (per contract):
Minimum balance:	$1.00	Stocks Purchase Fee:
		Minimum no. of trades/quarter:

Tradeking: No minimums, No catches, No seriously. 4 star from Barron’s.

Best Customer Service: "SmartMoney's Annual Broker Survey May 2008"

Broker Assisted Trade at no additional cost

#1 online discount broker by SmartMoney Magazine in 2006 & 2007

Maintenance Fee:		Simple Options fee (per contract):
Minimum balance:	$1.00	Stocks Purchase Fee:
		Minimum no. of trades/quarter:

Tradeking: No minimums, No catches, No seriously. 4 star from Barron’s.

Best Customer Service: "SmartMoney's Annual Broker Survey May 2008"

Broker Assisted Trade at no additional cost

#1 online discount broker by SmartMoney Magazine in 2006 & 2007

Maintenance Fee:		Simple Options fee (per contract):
Minimum balance:	$1.00	Stocks Purchase Fee:
		Minimum no. of trades/quarter:

ING Direct: Mutual Funds

No transaction fees

Maintenance Fee:		Simple Options fee (per contract):
Minimum balance:	$1.00	Stocks Purchase Fee:
		Minimum no. of trades/quarter:

Bank of America: Mutual Funds

more than 1,500 with no sales charges or transaction fees

Maintenance Fee:		Simple Options fee (per contract):
Minimum balance:	$1.00	Stocks Purchase Fee:
		Minimum no. of trades/quarter:

Bank of America: Mutual Funds

Maintenance Fee:		Simple Options fee (per contract):
Minimum balance:	$1.00	Stocks Purchase Fee:
		Minimum no. of trades/quarter:

Bank of America: Mutual Funds

provide access to over 12,000 mutual funds

Maintenance Fee:		Simple Options fee (per contract):
Minimum balance:	$1.00	Stocks Purchase Fee:
		Minimum no. of trades/quarter:

Charles Schwab: Mutual Funds

enjoy a personal relationship with our investment professionals

Fact Based guidance you need

Enjoy the benefits of a full-service broker—without high prices or fees

Maintenance Fee:		Simple Options fee (per contract):
Minimum balance:	$1.00	Stocks Purchase Fee:
		Minimum no. of trades/quarter:

Charles Schwab: Mutual Funds

enjoy a personal relationship with our investment professionals

Fact Based guidance you need

Enjoy the benefits of a full-service broker—without high prices or fees

Maintenance Fee:		Simple Options fee (per contract):
Minimum balance:	$1.00	Stocks Purchase Fee:
		Minimum no. of trades/quarter:

Marsco: Mutual Funds

No share limits

No share limits

No trading minimum

No trading minimum

No per share or software fees. No inactivity fees

No per share or software fees. No inactivity fees

Maintenance Fee:		Simple Options fee (per contract):
Minimum balance:	$1.00	Stocks Purchase Fee:
		Minimum no. of trades/quarter:

Top Pick In Category

Lowest Cost Broker for Frequent Traders - Based on Latest Barron's Ratings

Lowest Cost broker for frequent traders

Highest Ranking for Frequent Traders

Lightspeed will refund 50% of your commissions on qualifying trades, up to $10,000. use promo code "10kback"

Automated Trading

Social networking community for Lightspeed customers

No ticket charges, No trade minimums

Maintenance Fee:	$0	Simple Options fee (per contract):	0.60 per contract / $1 minimum
Minimum balance:	$2,000 in equity during promotional period	Stocks Purchase Fee:	$0.0045 Per Share / $1.00 minimum
		Minimum no. of trades/quarter:	0

Sogotrade.com: Fractional Stocks

Fast order execution

Excellent Customer Service

Fractional shares and scheduled investment

Maintenance Fee:	$0	Simple Options fee (per contract):	None
Minimum balance:	$500	Stocks Purchase Fee:	$3.00 per trade
		Minimum no. of trades/quarter:	N/a

Sogotrade.com: Fractional Stocks

Fast order execution

Excellent Customer Service

Fractional shares and scheduled investment

Maintenance Fee:	$0	Simple Options fee (per contract):	None
Minimum balance:	$500	Stocks Purchase Fee:	$3.00 per trade
		Minimum no. of trades/quarter:	N/a

Most Professional and Objective Platform For Trading Digital Options Online

Most Professional and Objective Platform For Trading Digital Options Online

Trade All markets

Up to 75% Return in 15 minutes

Maintenance Fee:	0	Simple Options fee (per contract):	0
Minimum balance:	0	Stocks Purchase Fee:	0
		Minimum no. of trades/quarter:	0

5$ Flat Rate Pricing - No Hidden Fees Like OptionsHouse

Simplifying Trading for Active Traders

One of the cheapest

Real Time Buying Power Update

SPIC Protection up to 500,000 USD

Paper-Less Application Process

Maintenance Fee:	0$	Simple Options fee (per contract):
Minimum balance:	0$	Stocks Purchase Fee:	5$ / Trade
		Minimum no. of trades/quarter:	0

Options Trading Finally Made Easy

Up To %75 Return In 1 Hour - No Scam

Nasdaq, Dow Jones and Commodities based options.

Hourly trades

No Fees

Return of up to 75% in 1 hour

Maintenance Fee:	0$	Simple Options fee (per contract):
Minimum balance:	0$	Stocks Purchase Fee:	0$
		Minimum no. of trades/quarter:	0

Top Pick In Category

TD Ameritrade: Stocks

Fair Straightforward pricing

Always independent third party research

Knowledgeable support whe you need it

Maintenance Fee:	$0	Simple Options fee (per contract):	$9.99 per trade
Minimum balance:	2000$	Stocks Purchase Fee:	$9.99 per trade
		Minimum no. of trades/quarter:	$0

Scottrade: Exceptional Online Stock Broker with local branch offices

Choose from more than 1,000 No-Load, No-Transaction Fee mutual funds

These can be bought, sold or exchanged online at no charge!

Maintenance Fee:		Simple Options fee (per contract):
Minimum balance:	varies with fund	Stocks Purchase Fee:
		Minimum no. of trades/quarter:

Scottrade: Exceptional Online Stock Broker with local branch offices

Scottrade offers you access to more than 10,000 mutual funds from well-known fund families

Maintenance Fee:		Simple Options fee (per contract):
Minimum balance:	varies with fund	Stocks Purchase Fee:
		Minimum no. of trades/quarter:

Zecco
FREE Stock Trades every month

Lightspeed
Get $10,000 CASH BACK

Tradeking
Receive up to $150 in transfer fees when you switch to TradeKing

Options Xpress
One Account, Maximum Control

Scottrade
Exceptional Online Stock Broker with local branch offices

scottrade

Etrade
100 commision free stock and option trades

OptionsHouse
Spend Less and Get More at OptionsHouse! $2.95 Flat-Rate Stock Trades

Firstrade
Five commission-free trades

Mbtrading
Active trader platform

Marsco
No share limits

TD Ameritrade
Trade comission free for 30 days + $100

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