What are ways to buy and sell stocks without having a minimum investment amount?
I am new to the investing in stocks game, but I wanted to know which if an website or ways are there to invest in stocks without a mimimum investment amount? I know most companies like ETrade and Fidelity require a minimum amount.
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- Find a discount brokerage -- Etrade, TDAmeritrade, Scottrade. They charge a commission for each transaction. There shouldn't be a minimum investment amount. Unless you are buying mutual funds from companies such as Fidelity, Vanguard, or TRowePrice, then there would be minimum amount. The best way is to check with those companies regarding their policies.
- Check out www.zecco.com, or www.tradeking.com. I don't believe either one has minimums, and their comissioons are cheaper to boot.
- its according to the price of the stocks in which to invest. huge investment gives high profit and less investment gives less profit .
- You can open a Scottrade account with as little as a $500 deposit, and it is only $7.00/trade for stocks priced over $1 per share, regardless of your trade frequency or the number of shares in a transaction. You can compare the commissions/fees of several brokerage firms at: http://www.scottrade.com/online_broker_comparison/discount_brokerage_comparison.asp . I hope you find this information useful. Please let me know if you have any additional questions. I'd be happy to help. Scottrade www.Scottrade.com 1-800-619-7283
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