Minimum account balance and deposit at Ninety Nine
This article discusses what the minimum account balance (if required) and the minimum deposit (if required) at Ninety Nine stand for. Find out in which cases you must have a minimum balance at Ninety Nine.
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.
Ninety Nine 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 Ninety Nine 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 Ninety Nine here.
Minimum account balance at Ninety Nine
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 Ninety Nine margin account.
Minimum account balance at Ninety Nine
Minimum account balance for derivative products
Ninety Nine offers derivative products to its clients:
Minimum account balance at Ninety Nine
Minimum amount to open an account at Ninety Nine
Good news: the minimum deposit to open a Ninety Nine 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 Ninety Nine.
| Ninety Nine | DEGIRO | eToro | |
|---|---|---|---|
| Minimum deposit | $0 | $0 | $10 |
Minimum account balance at Ninety Nine
Bottom line
Now you know what the minimum deposit and the minimum balance are at Ninety Nine 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 Ninety Nine as it doesn’t provide stock/ETF margin trading or derivative products.
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