Best brokerage firms to open an investment account with no initial deposit. Top firms with lowest (zero) minimum investment requirement.

Brokerage firms with no minimum initial deposit are a great way to start investing in an account for investors of any knowledge level or trading experience. People who have only a small amount to invest in the starting period will especially benefit from doing business with one of the following investment companies as they can open an account with as little as $0. Some brokerage companies have very high initial deposit requirements. For instance, Fidelity and Scottrade require a $2,500 minimum deposit to open a new brokerage account, TradeStation requires $5,000 for non-daytraders and $25,000 for day-traders to open an account.

The companies below are an excellent option for the tech-savvy traders and beginning investors to take a look at brokers' trading and research tools without funding their accounts. In addition, virtual trading platforms are available at no cost at some firms. It's a great opportunity to learn and test how trading platforms work.

If you plan to make a big investment deposit, you still get great benefits from one of the following firms. Just open an account with as little as zero and make larger deposit shortly after opening a brokerage account to receive a special free trade or a cash bonus.

Ally Invest Account: No Minimum Deposit

TradeKing brokerage firm rating
  • Stocks & ETFs: $4.95
  • Options: $4.95 + $0.65 per contract or $3.95 + $0.50 per contract for high net worth or active traders
  • Mutual Funds: $9.95

Ally Invest offers the lowest trading commissions among major brokerages and does not require a minimum deposit to open either a brokerage or an IRA account.

In addition to low trading fees, Ally Invest offers a wide selection of mutual funds, free dividend reinvestment plans, advanced trading tools and exceptional customer service.

Moreover, the company runs a unique limited-time offer, which is a bonus of $100 in commissions to all clients who open and fund an account. There is no minimum funding level for this offer. Very few brokerage companies run promotions that require zero minimum to qualify for the special offer. Use promo code: TRY100.

Ally Invest Review »

Open an account: Get a $200 cash bonus or $500 in commission-free trades.

Open Ally Invest Account


TD Ameritrade: No Deposit To Open An Account

4.5-star brokerage firm rating
  • Stocks & ETFs: $6.95
  • Options: $6.95 + $0.75 per contract
  • Mutual Funds: $49.99

At TD Ameritrade, the minimum investment to open a cash account is zero. However, TD Ameritrade requires a $2,000 starting investment for IRAs.

TD Ameritrade belongs to the largest trusted U.S. brokerage firms with a long history in the industry. Stock trades at $6.95 per, which is a reasonable cost for the serious investor. Investors who want the backing and name recognition of a larger financial institution will find TD Ameritrade a great fit.

The broker offers in-person guidance at its local offices, which is a great benefit to customers who prefer a personal touch. Additionally, having great banking products such as checking accounts and credit cards with your brokerage company is always nice.

TD Ameritrade Review »

Open an account: Trade free for 60 days + get up to $600.

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Motif Investing: No Deposit To Open An Account

Motif Investing reating
  • Motif (up to 30 Stocks/ETFs) $9.95 per trade
  • Stocks & ETFs within Motif: $4.95 per stock/ETF
  • Stocks & ETFs outside Motif: $4.95 per stock/ETF

Investors can open an account at Motif Investing and explore all tools of the innovative broker with as little as zero investment. A minimum investment amount of $250 is required to start investing with the company.

The broker's trading platform has a clean design, lots of visual information, step-by-step instructions and descriptions, and is very simple to use for investors of any level.

Motif Investing Review »

Open an account: None

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Firstrade brokerage firm rating
  • Stocks & ETFs: $2.95
  • Options: $2.95 + $0.50 per contract
  • Mutual Funds: $9.95

Firstrade offers good securities trading services with decent customer support at the lowest commission among no minimum deposit accounts of just $2.95. There are eleven ETFs that come with no trading fee. Mutual funds at Firstrade also have the lowest pricing of just $9.95 per transaction.

The broker doesn't have a stand-alone trading platform, which may disappoint some investors. Nevertheless, Firstrade's website is fairly straightforward and extremely easy to use. Mobile applications are available for trading on the go.

Firstrade Brokerage Review »

Open an account: Up to $300 Cash Rewards + 500 Free Trades.

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