Wells Fargo Minimum investment

Wells Fargo Brokerage Minimum Deposit

2022 Wells Fargo Brokerage minimum investment to open a brokerage account or a ROTH IRA. Public.com initial deposit amount and minimum balance requirement.

Wells Fargo Brokerage Minimum Deposit

Wells Fargo Brokerage minimum investment for a cash account $0
Wells Fargo Brokerage minimum investment for a margin account $2,000
Wells Fargo Brokerage minimum initial investment to open a ROTH or Traditional IRA $0
Wells Fargo Brokerage minimum balance requirement for an account none
Wells Fargo Brokerage account minimums none


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Investment Advice

WellsTrade Investment Rating

If you haven't had a lot of success investing on your own, you could try Wells Fargo's portfolio management services. If you want a traditional financial planner, you'll need to go to Wells Fargo Advisors, because WellsTrade doesn't offer this service.

What WellsTrade does offer is something called Intuitive Investor. This is a hybrid robo-human management system that costs 0.50%, much less than a traditional investment advisor costs. WellsTrade offers a 0.10% markdown if you qualify for the discounted commission schedule mentioned above.

The way the system works is that Wells Fargo human advisors build a selection of portfolios and update them periodically. The robot scrutinizes questionnaire answers to place you with one of these pre-defined portfolios. It also performs tax loss harvesting, dividend reinvestment, and daily monitoring.

Intuitive Investor buys and sells only low-cost ETFs. The typical portfolio costs between 14 and 18 basis points each year. There are no commissions charged on trades placed within an Intuitive Investor account, and there is a $10,000 minimum to start the service.

Trading Tools

WellsTrade Trading Tools Rating

WellsTrade doesn't have much in the technology category. The brokerage house doesn't provide its clients with a desktop platform, nor does it have a browser-based trading system. All trading takes place on its website, which is pretty basic. There is no trade bar, either, so orders are submitted via web pages.

In the upper-right corner of the WellsTrade site, there's a search box where a ticker symbol can be entered. After you type one in, a drop-down info box appears. Here, you can select trade, option chain, details, set alert, or add to watchlist.

Wells Fargo Brokerage Minimum Deposit

Clicking on trade produces the website-based trading ticket. There are only four order types and two durations. It is possible to select a tax lot, and a security's vital data can be refreshed.

Although most of this sounds rather elementary, we found charting on the WellsTrade website to be a little more impressive. There are roughly 30 technical studies available, including Time Series Forecast and Linear Regression. Chart styles include bar, line, dot, filled candles, OHLC, mountain, and candlestick. There are several drawing tools as well. These include lines and Fibonacci arches and circles.

Wells Fargo Minimum Investment

The timeframe can be set to 10 years or max. For IBM, price history went back to 1988. The shortest period is 1 minute. Company events, such as earnings and dividends, can be overlaid. Comparisons can be made to an index or another stock.

Unfortunately, that's about it for trading tools at WellsTrade. Hopefully the broker will add some more features soon.

Mobile App

WellsTrade App Rating

Moving from the website to WellsTrade's mobile app didn't improve things very much. The app is missing several important features—namely streaming financial news and mobile check deposit. Strangely, it is possible to deposit a paper check if you have a Wells Fargo bank account. (They use the same app with the same login.) Also missing are bill pay and funds transfer.

We did like the fact that mutual funds can be traded on the app. Brief information is available, and this includes Morningstar ratings, minimum investment amount, and management fee. There's also a chart that shows the growth of $10,000.

Wells Fargo brokerage account review

For stocks and ETFs, there is bid-ask spread plus bid and ask share amounts, a nice feature. There are also news articles for stocks that have any news circulating. Option chains are available for securities that have them. Unfortunately, complex strategies are not on the app.

During our testing, we were disappointed in the simplicity of the app's charting. There are no technical indicators and only one graph style. Price history only goes back five years, and there are no comparisons. Unfortunately, there is no way to customize a chart's colors, either.

One feature on the mobile app we did like was the ability to sign up for alerts. There are several triggers to choose from. For example, price greater than, new 52-week low, and % volume greater than 90-day average. The alert can be sent either as a push notification or as an email.

As for market news, there are index numbers for the major U.S. exchanges. Tapping on one of them produces a profile page with detailed information and a small chart. Global exchanges are shown as well. News articles from the Associated Press cover financial topics.

Investment Education and Research

WellsTrade Research Rating

The educational section on the WellsTrade site is rather brief. There is market news in article format from a variety of sources. Earnings announcements are shown as well. Unfortunately, we couldn't find any video news.

Wells Fargo Research review

Commentary from Wells Fargo Advisors is posted online. These are articles in pdf format that cover a large territory of investment issues. Some of the topics we found include global bonds, NAFTA, and REIT valuation.

One thing we did like was the collection of tiles that show the day's price performance of individual assets, such as gold and the S&P 500. A small graph is included with green for gains and red for losses. Interest rates, currencies, and prominent futures contracts are also shown.