Minimum Deposit
The smallest amount of money that an investor/trader must initially deposit into a new brokerage account. Minimum deposits are required to cover the baseline costs associated with setting up a new account and maintaining it thereafter Investopedia Says:
Depending on the purpose of the account, minimum deposit amounts can range anywhere from $0 to hundreds of thousands of dollars. Most large, well-known companies will offer some form of investment account that can be started with a modest amount between $500 and $2,000 for a retail investor.
Minimum deposit levels are also found with certificates of deposit (CDs) at a banking institution, or retirement accounts such as IRAs. Related Terms:
Brokerage Account
Certificate Of Deposit - CD
Minimum Investment
Roth IRA
Traditional IRA |