Minimum account balance and deposit at AJ Bell Youinvest as of September 2024
This article discusses what the minimum account balance (if required) and the minimum deposit (if required) at AJ Bell Youinvest stand for. Find out in which cases you must have a minimum balance at AJ Bell Youinvest.
Have you ever accidentally mixed up the minimum account balance with the minimum deposit? Rest assured, you’re not the only one. To prevent any confusion, we'll tell you what they are and how they differ from each other.
AJ Bell Youinvest does not offer margin or derivative trading: you can't trade stocks/ETFs on margin and derivative products, such as futures or options, are also unavailable. In this case, no minimum account balance is required and you can start using the AJ Bell Youinvest platform without having a minimum deposit in your account.
The minimum deposit is the minimum amount required for opening an online brokerage account. While some brokers do not require a minimum deposit, others do. The minimum deposit requirement means that you will need to transfer this amount to your brokerage account from your bank account in order to start trading. You can check the minimum deposit at AJ Bell Youinvest here.
Minimum account balance for stock/ETF margin trading
When trading stocks and ETFs on margin, the broker itself determines the minimum account balance you must always maintain in your AJ Bell Youinvest margin account.
Minimum account balance for derivative products
AJ Bell Youinvest offers derivative products to its clients:
Minimum amount to open an account at AJ Bell Youinvest
Good news: the minimum deposit to open a AJ Bell Youinvest account is $0. There are brokers that require as much as a couple of thousand dollars. You can check in the table below what is the minimum deposit at the competitors of AJ Bell Youinvest.
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Minimum deposit
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$0
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$0
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$0
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Data updated on September 23, 2024
Bottom line
Now you know what the minimum deposit and the minimum balance are at AJ Bell Youinvest and you understand the difference between the two. If you want to dig deeper, read our article on margin calls and short selling.
The minimum deposit is the minimum amount required to open a new online broker account.
The minimum account balance is not relevant at AJ Bell Youinvest as it doesn't provide stock/ETF margin trading or derivative products.
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