Im just looking into starting an account on Ameri-Trade, looking to trade with micro penny stocks. I want to put and keep in the account 500 dollars. I'm doing this to gain some experience and learn some things about the market. The $500 dollars win/lose it doesnt really matter. Does it have a Minimum account balance? If so what is it? Do I understand correctly that it is 10.99 for a trade, of any amount of shares, and 1.50 per "contract" which is the trade itself? So the total costs me 12.50? So if I bought 500 dollars in a stock that was .01 and it went to .02 i'd make 500 minus the 10.99? and 1.50? Is this correct? Or am I misreading something?
Would appreciate any help I could get.
brincher
posted
I have an ameritrade account, and if i remember right the min. opening balance is $2000. ........yes your looking about 12.50 a trade. The fastest way to get the money into your account for trading is to wire it from your bank to ameritrade. Good luck!
NITROHEAD
posted
$1000 to open. And 10.99 trades
xxartyxx
posted
ANY AMOUT TO OPEN...YOU SACRAFICE THE PROMO BUT CAN CALL AND INITIATE A PROMO AFTER 1000 OR 2000 BUT IF YOU HAVE UNDER 2000 OR 1000 MAINTNANCE FEE IS 15 PER QUARTER $15 DOLLARS
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