If been interested in trading for some time, stock, bond, currency, etc, but I don't have $2,000,$1,500, or even $1000 to through into it, so is there a company that allows minimum deposits below $1000
2007-08-28 13:12:02 · 8 answers · asked by Derrick 3 in Business & Finance ➔ Investing
While i am aware of a minimum of $2,000 to open a margin account most brokerage firms should not have a minimum to just open an account...in fact you can open an account with no funds at all. Try Schwab.com for more info.
2007-08-28 13:27:25 · answer #1 · answered by D. Foreal 2 · 0⤊ 0⤋
Zeeco - $0 minimum - $0 commisions
Scottrade - $500 minimum - $7 trades.
I never used Zeeco. I want to but I just don't know yet. I currently use scottrade.
2007-08-28 21:52:41 · answer #2 · answered by AntDU 5 · 0⤊ 0⤋
At TradeKing.com there is no account minimum and stock trades are completed for just $4.95. However, to open a margin-enabled account you have to deposit at least $2,000. This is a Federal regulation.
2007-08-28 20:25:08 · answer #3 · answered by Tom D 2 · 0⤊ 0⤋
Start a savings account with one of the higher paying on -line ebanks like Citi ,
Then keep adding to the account and when you have enough ,
Transfer the $$$ to Schwab .
The only place for amounts that low is when you make IRA contributions .
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2007-08-28 20:24:39 · answer #4 · answered by kate 7 · 0⤊ 0⤋
You want to trade currencies and start with less than $1000? It sounds like youre looking to sprint before you learned to crawl. I would start with sharebuilder.com
2007-08-28 20:37:15 · answer #5 · answered by The Joe 3 · 0⤊ 0⤋
I believe Scottrade requires only $500 to begin. I believe TradeKing only the amount you wish to invest.
2007-08-28 21:30:19 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Sometimes there are lower minimums for IRA and Roth accounts.
2007-09-01 01:54:18 · answer #7 · answered by Joyce 2 · 0⤊ 0⤋
Why are you concerned -- you do not have the thousand????
Try Ameritrade.com
2007-08-28 20:23:17 · answer #8 · answered by Gerald 6 · 0⤊ 0⤋