Low Minimum Investing

Low minimum investing is what most people who want to start investing online stocks are looking for. Most people do not have $5,000 sitting around to open a brokerage account online and in most cases they want to start out small anyways.

When choosing where to open an online investment account you need to look for several things. You want to have no account minimum rules, low trade costs, free investing help and you want it all from a trusted company.

Our topic pick for a low minimum investing account is TradeKing.

They offer trades for $4.95 and they have free investment help. Most importantly, they have no initial deposit requirement. Most online brokerage companies will require you to initially fund you account with anywhere from $500 to $5,000. TradeKing does not. You can get start with any amount you choose.

They also offer free automatic investment plans. This allows you to set up a plan where $50 (or any amount you choose) comes out of your bank account every two weeks or maybe every month and invests in whatever stock, mutual fund, money market, or bonds you choose. This allows you to gain the power of dollar cost averaging without even thinking about it.

TradeKing also offers dividend reinvestment for free. Lets say you decide to invest in Microsoft. If Microsoft decides you pay a dividend, TradeKing will automatically reinvest that dividend and buy you more shares of Microsoft. Dividends can be a very powerful investment factor in the long run and TradeKing will take care of it for you.

When you stop and look at the power of investing with TradeKing and all the tools they offer it is easy to see why they are hands down our #1 pick!

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Low Minimum Investing

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