Minimum account balance and deposit at Freetrade

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

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.

Freetrade 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 Freetrade 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 Freetrade here.

Minimum account balance at Freetrade
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 Freetrade margin account.

Minimum account balance at Freetrade
Minimum account balance for derivative products

Freetrade offers derivative products to its clients:

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

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

Minimum amount to open an account at Freetrade vs its competitors
Freetrade Stake Passfolio
Minimum deposit $0 $50 $0

Minimum account balance at Freetrade
Bottom line

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

Author of this article

Bence András Rózsa

Author of this article

Bence’s purpose is to help you to understand the logic behind financial services. In his master’s studies, he specialised in business economy and finance to be able to give you a clear picture of the brokerage world. Having reviewed multiple brokers and robo-advisor services, his goal will always be to guide you in the world of investing as it is.

Bence András Rózsa

Broker Analyst

Bence’s purpose is to help you to understand the logic behind financial services. In his master’s studies, he specialised in business economy and finance to be able to give you a clear picture of the brokerage world. Having reviewed multiple brokers and robo-advisor services, his goal will always be to guide you in the world of investing as it is.

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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