Account Minimums
There are usually 2 types of minimums to open a direct-access account.
The first one is balance minimums. This could be several thousands in USD. Different types of accounts may have different requirements. More deposits are required if one engages in pattern day trading according to United States regulations.
The second one is activity minimums. Some firms charge inactivity fees if a minimum monthly trading volume has not been met. Many firms will deduct transaction fees and commission paid each month from that month's inactivity fee. Hence an activity fee often serves as a minimum monthly [[commission (remuneration)|commission which is paid to the brokerage. However, not all direct-access trading brokerages charge an inactivity fee.
Read more about this topic: Direct Access Trading
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