This article discusses what the minimum account balance (if required) and the minimum deposit (if required) at Erste Broker stand for. Find out in which cases you must have a minimum balance at Erste Broker.
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.
Erste Broker 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 Erste Broker 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 Erste Broker here.
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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 Erste Broker margin account.
Minimum account balance for derivative products
Erste Broker offers derivative products to its clients:
Minimum amount to open an account at Erste Broker
Good news: the minimum deposit to open a Erste Broker 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 Erste Broker.
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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 December 19, 2024
Bottom line
Now you know what the minimum deposit and the minimum balance are at Erste Broker 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 Erste Broker as it doesn't provide stock/ETF margin trading or derivative products.
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