Is there a minimum balance we should maintain on broker accounts?

N W

N W

Senior Equity Analytic

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As I remember when opening account the broker asks for a minimum investment amount so does that mean we have to maintain a minimum balance with broker and unable to withdraw those funds?

Nandun

Nandun

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I don't think. Investors can withdraw all the amount. best thing ask directly from the adviser

N W

N W

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Hmm anyone else any idea?

apphunter

apphunter

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N W wrote:As I remember when opening account the broker asks for a minimum investment amount so does that mean we have to maintain a minimum balance with broker and unable to withdraw those funds?

I think it depends on the broker. I opened my account in 2012 but i didn't deposit any money or trade until 2019. For my first trade, i deposited RS. 2000. But my broker required me to have equity/cash over 200,000 before allowing internet trading.

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Is there a minimum balance we should maintain on broker accounts?

1 Is there a minimum balance we should maintain on broker accounts? Thu Mar 03, 2022 1:21 pm

N W

2 Re: Is there a minimum balance we should maintain on broker accounts? Thu Mar 03, 2022 3:13 pm

Nandun

3 Re: Is there a minimum balance we should maintain on broker accounts? Thu Mar 03, 2022 6:54 pm

N W

4 Re: Is there a minimum balance we should maintain on broker accounts? Thu Mar 03, 2022 8:12 pm

apphunter