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That's not just Robinhood. I'm not aware of any brokerage that lets you trade on the major U.S. markets with less than $25k.
by Miner49er 9y ago
That's not just Robinhood. I'm not aware of any brokerage that lets you trade on the major U.S. markets with less than $25k.
- schwank 9y agoHuh? You can open a Fidelity account with $2500, and buy any stock you want including US and Int'l markets.
- latencyloser 9y agoYes, but you can't do that four or more times in a period of five business days if it accounts for over some percentage of your portfolio.
- bisrig 9y agoDay trading has a specific definition in this context (can't remember if it's SEC, FINRA, or some other acronym), and refers to the buying and selling of the same security with a single day. That $2.5k Fidelity account will go out of its way to tell you that you're not allowed to do that.
- vidarh 9y agoYou can trade with less. You can't day trade, defined based on the number of trades in a certain period. Some brokerages may enforce additional limits, but I've personally traded on NASDAQ via US brokerage accounts with less in them than that, so you certainly can do it.
- alistairSH 9y agoThe $25k minimum only applies to day-trading accounts. See sibling comments for details.