Minimum account balance and deposit at Stake

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

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.

Stake 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, you only have to fund your regular brokerage account with the minimum deposit.

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 Stake here.

Minimum account balance at Stake
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 Stake margin account.

Minimum account balance at Stake
Minimum account balance for derivative products

Stake offers derivative products to its clients:

Pattern Day Trading at Stake

The Pattern Day Trading (PTD) Rule applies at Stake. According to FINRA rules, you are a day trader if you execute at least four day trades within five business days.

Pattern Day Traders have to maintain a minimum account balance of $25,000 in their margin accounts. This allows them to engage in unlimited day trading. Brokers are free to impose a higher minimum requirement, which is often called a “house requirement”. If the account balance drops below the set minimum, traders are not permitted to day trade until the minimum level is restored. If the account balance is less than $25,000, maximum four day trades are allowed in five business days.

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

The minimum amount needed to open a Stake account is $50. You can see in the table below how this amount stacks up against the competitors of Stake.

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

Minimum account balance at Stake
Bottom line

Now you know what the minimum deposit and the minimum balance are at Stake 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 Stake 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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