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

Competition among stock brokers always is a good news for the traders. Some require you to deposit a minimum amount when you open a new account. Later, depending on the terms & conditions, you may or may not have to maintain this minimum balance.  However, there are a whole host of no minimum deposit brokers who provide you with an option to open an account without any initial balance (Zero Balance Account). It’s always better to opt for brokerages that offer no minimum deposit account as you can test broker’s platform and tools without having to commit any capital.

The list below shows the no minimum deposit brokers that allow you to open a fresh account without having to maintain any minimum balance.

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.

Receive up to $150 in transfer fees when you switch to TradeKing
15% chose this
  • Best Customer Service: "SmartMoney's Annual Broker Survey
  • Broker Assisted Trade at no additional cost
  • #1 online discount broker by SmartMoney Magazine
  • Free real-time quotes
  • Stocks Trading Fee: $4.95
  • Options Trading Base Fee: $4.95
  • Per Contract Options Fee: $0.65
  • Minimum Balance: $0.00
  • More Info...
Get up to $500 + 60 days of free trades
15% chose this
  • Free Independent research from leading sources
  • A saving account from etrade bank possible
  • Access to foreign markets
  • 31 retail locations in the US
  • ACAT available
  • Stocks Trading Fee: $9.99
  • Options Trading Base Fee: $9.99
  • Per Contract Options Fee: $0.75
  • Minimum Balance: $500.00
  • More Info...
FREE Stock Trades every month
7% chose this
  • #1 in customer service by SmartMoney (2010-2012)
  • No minimum deposit required to open an account
  • Free stock trading IRA – including Traditional, Roth and Rollover IRAs
  • Superior trade execution with industry leading trading platform
  • Great online Interactive Trading Community
  • Stocks Trading Fee: $4.95
  • Options Trading Base Fee: $4.95
  • Per Contract Options Fee: $0.65
  • Minimum Balance: $0.00
  • More Info...
Get $100 when you open an account
7% chose this
  • Excellent trading platform
  • Virtual Trading Available
  • Top notch mobile trading apps
  • Great education resources for all levels of traders
  • Stocks Trading Fee: $8.95
  • Options Trading Base Fee: $0.00
  • Per Contract Options Fee: $1.50
  • Minimum Balance: $0.00
  • More Info...
Exceptional Online Stock Broker with local branch offices
10% chose this
  • Over 500 physical offices for customer service
  • Easy transfer of an account from any other broker to Scottrade
  • Great emphasis on in-Person online education
  • Excellent Mobile Trading and Account Access
  • Stocks Trading Fee: $7.00
  • Options Trading Base Fee: $7.00
  • Per Contract Options Fee: $1.25
  • Minimum Balance: $500.00
  • More Info...

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.

If you have any questions regarding no minimum deposit brokers, please visit our contact page or let us know on twitter (@comparebroker).

Popular Brokerage Offers

7% chose this

45 cents per 100 shares or 4.5 per trade

 

15% chose this

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

 

14% chose this

Get a $25 cash rebate to cover the fees for your wire transfer to OptionsHouse.

 

15% chose this

No FEE, No minimum IRA trading

 

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