Top Online Stock Brokers with No Minimum Deposit Stock Trading – 2013

What is No Minimum Balance Account?

Some of the stock brokerages require a minimum deposit. It is the smallest amount of money that you must initially deposit into a new brokerage account. The minimum opening balance is required to cover the baseline costs associated with setting up a new account and maintaining it thereafter. It is also referred to as "Minimum to Open a Brokerage Account". You should maintain this broker deposit; in case you go below the minimum, a fee is charged.

This amount depends on broker to broker, it may be as low as $0 to as high as thousands of dollars. Brokers with $0 minimum deposit include Tradeking, OptionsXpress, etc. Brokers with high deposits are Interactive Brokers with $10,000 minimum deposit; LightSpeed Trading with $5,000. But in general, most brokers have the minimum deposit between $500 and $2000. A no minimum opening deposit helps you to invest that capital into the market.

Why open an account with No minimum deposit broker?

The decision to opt for no minimum balance account largely depends on what kind of trading you are looking to do. For some newbie traders, a minimum balance is bothersome because you have to put a considerable amount of money into the account. The traders are more happy to utilize this amount to invest in stocks. For traders who plan on investing regularly, this might be okay. Usually with minimum balance, some perks are given by the broker. So the trader should compare for yourself and figure out what you really want.

Best No Minimum Deposit Stock Brokerages

Tradeking stands out on the top in this list. Tradeking's minimum balance is $0. The brokerage fees is $4.95 and it has highly acclaimed research and trading platform. To read the complete analysis, please visit Editorial Review and Ratings of Tradeking.

OptionsXpress is the next broker is our list. OptionsXpress' minimum deposit is $0. Although, it has high stock trading fees ($8.95), but what impressed me its excellent trading platform. You must also look for the virtual trading platform available with OptionsXpress. To read the complete analysis, please visit Editorial Review and Ratings of OptionsXpress.

Zecco Trading is yet another broker with $0 minimum deposit. After its merger with Tradeking, the combined Tradeking group has emerged as of the biggest brokerage houses in the country. Overall, Zecco is a suitable choice for beginners as well as small retail investors who prefer discount trading. Zecco is beneficial if you want to take occasional exposure in options along with discounted rates for stock, ETFs and Funds. To read the complete analysis, please visit Editorial Review and Ratings of Zecco Trading.

Scottrade's minimum balance is $500. It ranks #1 in our list of brokers with good customer service. Traders looking for a broker with low commissions and exceptional customer service should seriously consider trading with Scottrade. To read the complete analysis, please visit Editorial Review and Ratings of Scottrade.

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