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Minimum Deposit


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    Ally Invest
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    Ally Invest

    • Minimum Deposit: $0
    Pros:
    • Low commission for stock trades
    • No account minimums
    • Ally LIVE platform
    Cons:
    • No physical locations

    Our Review: (4.4) Ally Invest (formerly TradeKing) offers one of the lowest trade fees, but is it good? Learn the pros and cons and see comparisons with other online brokers in this in-depth review... Read full review

    Get Up to $3,500 Cash Bonus and Commission Free Trades for 90 Days

    TD Ameritrade
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    TD Ameritrade

    • Minimum Deposit: $0
    Pros:
    • Easy to Use
    • Thinkorswim Platform
    • Customer Service
    Cons:
    • Trade Fees

    Our Review: (4.2) TD Ameritrade fees are higher than competitors, but is it worth it? We say yes and here's why. We analyze and compare it for you in our in-depth review... Read full review

    Get 60 Days of Commission-Free Trading

    Fidelity
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    Fidelity

    • Minimum Deposit: $0
    Pros:
    • Research reports
    • Beginner-friendly tools
    • Mobile app
    Cons:
    • Restricted platform

    Our Review: (4.4) Thinking of opening a brokerage account with Fidelity? There are many reasons to love Fidelity and a few reasons to think about going elsewhere... Read full review

    Get 500 Free Trades for 2 Years

    Acorns
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    Acorns

    • Minimum Deposit: $0
    Pros:
    • No minimum investment
    • Invest with spare change
    • Free for college students
    Cons:
    • Fees are high for small balances
    • No tax benefits
    • Limited investment options

    Our Review: (3.7) Acorns automatically invests your spare change, so you can invest without thinking. It's great for novice investors, but there are downsides. Read on... Read full review

    Try Acorns Today!

    Investing
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    Betterment

    • Minimum Deposit: $0
    Pros:
    • No minimum investment
    • Many customized portfolios
    • Automatically invest extra funds
    Cons:
    • Limited investment options
    • High fees for large investors

    Our Review: (4.1) Betterment is one of the most popular robo-advisors with low fees and no account minimum. But is it safe? Read this review to see if Betterment is worth it... Read full review

    Blooom
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    Blooom

    • Minimum Deposit: $0
    Pros:
    • Unique 401k management service
    • No account minimum
    • Low monthly fee
    Cons:
    • No IRA or taxable accounts

    Our Review: (4.5) Blooom is an affordable robo-advisor for your 401k. But is it safe and legit? Read this in-depth review for the pros and cons... Read full review

    Free 401k Check-up

    Investing
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    Digit

    • Minimum Deposit: $0
    Pros:
    • No minimum balance
    • Save without thinking
    • 1% annual savings bonus
    Cons:
    • High monthly fee
    • No phone support
    • Not for long term savings

    Our Review: (3.3) Digit automatically builds a savings fund for you by withdrawing small, affordable amounts. But it's not perfect. Is it worth the fee? Let's find out... Read full review

    Investing
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    Merrill Edge

    • Minimum Deposit: $0
    Pros:
    • No account minimums
    • Current Bank of America customers experience seamless account integration
    • Robust research opportunities
    Cons:
    • Platform is not friendly for frequent traders who execute quick trades
    • No commission-free ETFs available
    • Market research reports can be hard for beginners to understand

    Our Review: (4.3) If you are looking for excellent customer service, competitive pricing, and robust investment options, you may have found what you are looking for in Merrill Edge... Read full review

    Get $150 with New Merrill Edge Account

    Investing
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    Qapital

    • Minimum Deposit: $0
    Pros:
    • No service fees
    • No minimum balance
    • Rules-triggered savings
    Cons:
    • No interest
    • Only available on a smartphone
    • No phone support

    Our Review: (4.3) Do you spend your money before you even have a chance to save it? Enter Qapital, the mobile app that "forces" you to save by rounding up your purchases or following rules you've chosen. While you won't get rich quick with this app, it can be good for beginning savers... Read full review

    Investing
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    Rize

    • Minimum Deposit: $0
    Pros:
    • No minimum balance
    • Interest on Savings
    • Pay what you want
    Cons:
    • High fee for Rize Invest
    • Only $50 overdraft protection
    • No phone support

    Our Review: (4.0) If you are tired of not making interest on your microsavings accounts, Rize may peak your interest. Falling into the microsavings category, Rize stands out from the crowd with its interest-bearing capabilities and unlimited withdrawal options... Read full review

    Investing
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    Robinhood

    • Minimum Deposit: $0
    Pros:
    • Commission-free stock trading on a mobile platform
    • No minimum investment required
    Cons:
    • No retirement accounts
    • Limited research
    • No bond trading
    • No mutual fund trading

    Our Review: (4.0) Robinhood is a commission-free stock trading app. It has no minimum balance requirement, so what's the catch? Read this review for the pros and cons... Read full review

    Invite Friends, Get Free Stocks

    Investing
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    Stash

    • Minimum Deposit: $0
    Pros:
    • Invest with as little as $5
    • Guidance to beginners
    • Automatically invest extra funds
    Cons:
    • Fees are high for small balances
    • High ETF expense ratio
    • Limited research

    Our Review: (3.8) Have you ever thought investing is either too expensive or too overwhelming? You aren't alone. Luckily, the founders of Stash set out to make those challenges disappear. Stash claims that with just $5, you can start investing confidently. Is it true?... Read full review

    Open Stash Account and Get First Month Free

    Investing
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    Vanguard

    • Minimum Deposit: $0
    Pros:
    • Large selection of mutual funds and commission-free ETFs
    • Broker assistance is available at no additional cost
    • Easy to use
    Cons:
    • Commission structure penalizes frequent traders
    • Customer service wait times
    • Commission costs on non-Vanguard investment options

    Our Review: (3.9) Vanguard Brokerage may be a full-service broker, but typically long-term investors preferring ETFs and mutual funds see the greatest return on their investment with them... Read full review

    WealthSimple
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    WealthSimple

    • Minimum Deposit: $0
    Pros:
    • Human advisors
    • No minimum investment
    • Socially responsible and Halal investment options
    Cons:
    • Higher fees than competitors
    • No personal finance tools
    • Tax loss harvesting only to high balance accounts

    Our Review: (4.2) Wealthsimple is a robo advisor with features you should not ignore. But are the higher fees worth it? Read this review to find out what this automatic investing service can do and the pros and cons... Read full review

    Get $10,000 Managed for Free for Your First Year

    Investing
    Read Review

    M1 Finance

    • Minimum Deposit: $100
    Pros:
    • Choose your own investments
    • Can invest in individual stocks
    • No account fees
    Cons:
    • Not beginner friendly
    • No human advisors
    • Can only trade once a day

    Our Review: (4.5) If a robo-advisor feels too rigid for you because you are stuck with their chosen portfolios, M1 Finance is out to change your mind. Combining the benefits of automation with the ability to choose your own investments, M1 Finance might be onto something... Read full review

    E*TRADE
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    E*TRADE

    • Minimum Deposit: $500 for brokerage accounts
      No account minimum for retirement accounts
    Pros:
    • Expansive set of resources and tools
    • Easy to use website
    • Industry leader
    Cons:
    • Trade fees

    Our Review: (4.2) E*TRADE is a highly well-known name, but does that mean it's that much better than its competitors? Read our in-depth review and see how it compares... Read full review

    Get up to 500 Commission-Free Trades

    Investing
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    Wealthfront

    • Minimum Deposit: $500
    Pros:
    • Minimal opening deposit & fees
    • Advanced goal tracker
    • Tax loss harvesting
    Cons:
    • No human advisors
    • No fractional shares

    Our Review: (4.3) Wealthfront makes long-term, low-cost investing with a diversified portfolio seem simple. But is it safe? Read on to learn if Wealthfront is worth it... Read full review

    Investing
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    Charles Schwab

    • Minimum Deposit: $1,000
    Pros:
    • Vast selection of commission-free ETFs and mutual funds
    • 2 platforms (one for beginners and one for advanced traders)
    • 24/7 customer service including online chat
    Cons:
    • $1,000 minimum to open a brokerage account
    • Commission costs on mutual funds outside of the commission-free funds
    • Robo-advisor option requires a minimum investment of $5,000

    Our Review: (4.2) Charles Schwab is one of the oldest names in the world of investing. With something for investors of all levels, it's often the go-to brokerage for investors looking for a new broker... Read full review

    500 Commission-Free Online and Options Trades

    Investing
    Read Review

    SigFig

    • Minimum Deposit: $2,000

    Are you looking for a portfolio manager that is technologically advanced and has low fees? It might seem impossible, but SigFig offers all of this and more. So what's the catch?... Read full review

    Scottrade
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    Scottrade

    • Minimum Deposit: $2,500 for brokerage accounts
      No account minimum for retirement accounts
    Pros:
    • Low per trade fees
    • Physical locations
    • Easy-to-navigate website
    Cons:
    • No futures trading
    • High broker-assisted fee

    Our Review: (4.2) With low trade fees, excellent resources, and superior customer service, Scottrade is a highly trusted online broker. Read on for our in-depth review... Read full review

    Open an Account

    Investing
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    Charles Schwab Intelligent Portfolio

    • Minimum Deposit: $5,000
    Pros:
    • No account fees
    • More diversified asset allocation
    • Cannot adjust assigned portfolio
    Cons:
    • Higher minimum deposit
    • Large cash allocation
    • Tax loss harvesting only to high balance accounts

    Our Review: (4.3) Charles Schwab Intelligent Portfolios offers similar robo-advisor services to its competitors but without the annual fee. How is this possible? Read this review to see if it's too good to be true... Read full review

    Investing
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    Interactive Brokers

    • Minimum Deposit: $10,000 for individual accounts; $5,000 for IRAs; $3,000 for clients 25 and under
    Pros:
    • Large number of investments, including options, futures, and forex
    • Customize trading platform
    • Tools and opportunities for research
    Cons:
    • $10,000 minimum to open an account.
    • Platform can be too much for a beginner to understand
    • Inactivity fees if you don't meet the trade commission requirements.

    Our Review: (4.3) Do you have $10,000 and plenty of trading knowledge? Interactive Brokers may provide you with a solid trading platform. With their competitive fees and robust trading options, they are a common choice for the experienced trader... Read full review

    Investing
    Read Review

    Ellevest

    • Minimum Deposit: $50,000 for Premium account
    Pros:
    • Focused on women's financial goals
    • No minimum investment
    • Ability to change investment plans
    Cons:
    • Limited account options
    • No tax loss harvesting
    • Newcomer, stability TBD

    Our Review: (4.1) Investment strategies are for men, or at least that's what the founders of Ellevest believe. This female-focused company has set out to make a difference in the life of women. Their strategy is to focus on the average income and life cycle of women - something no other company has yet to tackle... Read full review

    Investing
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    Vanguard Personal Advisor

    • Minimum Deposit: $50,000
    Pros:
    • Professionally managed by human advisors
    • Low annual fee
    • Backed by prestigious brand
    Cons:
    • High minimum investment
    • Extra transaction fees
    • No continuous tax loss harvesting

    Our Review: (3.6) Typically, robo-advisors mean strictly online portfolio management with no human interaction. Vanguard Personal Advisor Services set out to be the face of change by combining the two services. Is it all it's cracked up to be?... Read full review

    Personal Capital
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    Personal Capital

    • Minimum Deposit: $100,000

    Personal Capital offers free tools to track your finances. But is it safe? Read this review for the pros and cons before you sign up... Read full review

    Get Started with Personal Capital

    Investing
    Read Review

    Rebalance IRA

    • Minimum Deposit: $100,000
    Pros:
    • Professionally managed by human advisors
    • Annual live meeting with an advisor
    • Highly diversified asset allocation
    Cons:
    • Huge minimum investment
    • Fees to rebalance account
    • No tax loss harvesting

    Our Review: (3.5) If the thought of a computer running your retirement investments without any human interaction scares you, Rebalance IRA might be your answer. Known as a hybrid robo-advisor, they offer automated investing combined with live support, giving you the best of both worlds... Read full review


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Are you looking for a robo-advisor with a socially conscious mind? You may have found it with Swell Investing. This robo-advisor promises socially responsible, hands-off investing. Does it deliver what it promises?

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About CreditDonkey®
CreditDonkey is a credit card comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the card offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

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CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.