Online Investing Question for setting up an account?
How do you get it going? Do you need $1000 to start an account with Ameritrade or Etrade or can you just transfer over any amount and start going? Thanks.
You need a minimum of $2000 to start up an account with Ameritrade they will require some personal information to establish an account with them. For the first 30 days your trades will be free then after that it starts to cost you around $10 per trade.
Your deposit of $2000 will start your trading cycle and your 30 days start, when they receive your money.
Don't know about Etrade.
You can get the paper done on-line, and either forward money by check or wire. The wire can come from a bank or another broker dealer
If you are going to be moving positions into your account from another broker/dealer, you can have both money and securities move through the ACATS system. Your new firm can and will walk you through this process.
The amount of money depends on the firm, not all firms have the same requirement, so when you setting up the paper work on line there should be requirements
Source(s):
Industry experience
For info on Ameritrade go to
http://www.tdameritrade.com/offer/independence.html?a=pqo&referrer=http%3A%2F%2Fwww.google.com%2Fsearch%3Fq%3Dww.tdameritrade.comrls%3Dcom.microsoft%3Aen-us%3AIE-Addressie%3DUTF-8oe%3DUTF-8sourceid%3Die7rlz%3D1I7ADBR
Their websites have the answers.
