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    • Required Minimums

    Balance

    Monthly Activity

    Margin

    Balance

    The minimum deposit of USD 2,000 (or non-USD equivalent) is required to open an account1:

    Notes:
    1. Accounts that show no balance will be closed. To reactivate an account that has been closed for having no balance, a new account deposit of USD 10,000 or non-USD equivalent is required.
    • To trade a margin account you must maintain at least USD 2,000 or non-USD equivalent. For details on margin requirements, see the Margin page.
    • Pattern Day Traders have higher minimum requirements, which are defined in the Day Trading section of margin requirements.

    Activity Fee

    Account Structure Monthly Activity Fee1 Waiver
    All Accounts, unless any of the following criteria exist: Monthly Activity Fee = 0, if monthly commissions are equal to at least USD 12.
    If monthly commissions are less than USD 12,Standard Activity Fee = USD 12 – commissions.    		 The first three full calendar months2
    or
    Accounts whose Net Liquidation Value >= USD100,000 (or non-USD equivalent)
    Average Equity Balance is less than USD 2,000
    or
    A balance is maintained in a closed account    		 Monthly Activity Fee = 0, if monthly commissions are equal to at least USD 25.
    If monthly commissions are less than USD 25,Activity Fee = USD 25 – commissions.    		 Not applicable.
    Client is age 25 or under Monthly Activity Fee = 0, if monthly commissions are equal to at least USD 5.
    If monthly commissions are less than USD 5,Activity Fee = USD 5 – commissions.    		 The first three full calendar months10
    or
    Accounts whose Net Liquidation Value >= USD100,000 (or non-USD equivalent)
    Notes:
    1. The non-USD equivalent for all USD values is also acceptable.
    2. The waiver will be applicable for the first three full calendar months after initial account funding, regardless of whether such funding amount meets the minimum deposit required to open an account.