Minimum account balance and deposit at EQi

This article discusses what the minimum account balance (if required) and the minimum deposit (if required) at EQi stand for. Find out in which cases you must have a minimum balance at EQi.

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.

EQi 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 EQi 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 EQi here.

Minimum account balance at EQi
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 EQi margin account.

Minimum account balance at EQi
Minimum account balance for derivative products

EQi offers derivative products to its clients:

Minimum account balance at EQi
Minimum amount to open an account at EQi

Good news: the minimum deposit to open a EQi 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 EQi.

Minimum amount to open an account at EQi vs its competitors
EQi Barclays Hargreaves Lansdown
Minimum deposit $0 $0 $0

Minimum account balance at EQi
Bottom line

Now you know what the minimum deposit and the minimum balance are at EQi 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 EQi as it doesn’t provide stock/ETF margin trading or derivative products.

Author of this article

Gyula Lencsés

Author of this article

Gyula has more than 10 years of experience in the financial industry. He spent most of his career in the wealth management business as a portfolio manager of mutual funds. He is eager to leverage his knowledge to guide you through the world of brokerage.

Gyula Lencsés

Broker Expert

Gyula has more than 10 years of experience in the financial industry. He spent most of his career in the wealth management business as a portfolio manager of mutual funds. He is eager to leverage his knowledge to guide you through the world of brokerage.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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