Cryptocurrency at Primerica
You cannot invest in Dogecoin, Ethereum (ETH), Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC) or
any other cryptocurrencies on Primerica at this time.
As an alternative, you can use a
$0 commission broker called Robinhood
that does offer cryptocurrencies investing.
Robinhood Promotion
Open Robinhood Account
Brokerage Firms
Competition in the online investing industry have never been as fierce as it is in 2024. Over two dozen firms are trying to attract new customers by all the
means at their disposal. Making account opening requirements as easy for prospective customers as possible is one of the areas where many companies have made improvements.
This year many discount online brokers do not require a set amount of cash or securities deposited to open a regular brokerage or an IRA account (Traditional, ROTH, Simple IRA, SEP IRA, 401(K) and others).
In other words, you could open an account with no money down and often you could even keep it that way at no charge. The
brokers with $0 initial account deposit are TD Ameritrade, Firstrade, Choicetrade, Merrill Edge, Vanguard, Wellstrade, TIAA and USAA.
Other online brokers offer very low initial account deposit - $500. Among them are such giants as Etrade, Capital One Investing and a small firm -
Sogotrade.
The companies that require the largest initial deposit to open a brokerage account are Interactive Brokers and Lightspeed Trading. These firms cater mostly to
day-traders who need larger balances to trade and make a living.
Both non-IRA and IRA margin accounts require at least $2,000 initial deposit. If you want to be able to day-trade on your account (to make 3 or more day-trades
in 5 days or less) you will need at least $25,000 account balance - that's the law brokerage companies have to comply with.
If you decide to move your existing brokerage account to a different brokerage firm, the same minimum deposit requirements apply. But you could also use the value of stocks, ETFs,
mutual funds, bonds and other investments in your account instead of cash.
You could see the ratings and reviews of online brokers listed on this page by clicking on the links in
the table above.
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