Retail accounts - How big is big?
- Thread starter bookish
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Robert Morse
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Each broker would be different. Some large banks require $100mm to start.
A relative that's an institutional trader once stated he would be impressed by a retail trader that had a 5mil trading account.
In contrast, a broker once stated he would be impressed by a retail trader with a 1mil trading account.
Yet someone else that's different...in another country and a broker...she stated she would be impress with any retail trader with > 500k for trading purposes.
Not sure what you meant by "all" as if someone would actually know what every broker on this planet, country, state, city or whatever would be impress by the size of the trading account by a retail trader.
Why should it matter ???
Reminds me of this strange girl in college that said "drop your pants...I want to see how big it is".
I replied...you do the same. She got up and left.
wrbtrader
A relative that's an institutional trader once stated he would be impressed by a retail trader that had a 5mil trading account.
In contrast, a broker once stated he would be impressed by a retail trader with a 1mil trading account.
Yet someone else that's different...in another country and a broker...she stated she would be impress with any retail trader with > 500k for trading purposes.
Not sure what you meant by "all" as if someone would actually know what every broker on this planet, country, state, city or whatever would be impress by the size of the trading account by a retail trader.
Why should it matter ???
Reminds me of this strange girl in college that said "drop your pants...I want to see how big it is".
I replied...you do the same. She got up and left.
wrbtrader
When they do that to me I tell them, then I leave.
I doubt any broker would wet their pants over some account.
At the largest US broker, Fidelity, the avg acct balance has hit $104k, they have 304k accts 7 digits or more. An acct of $287k is avg for those with them 10 years, & $387k for 15 years. They probably do care about the churn on the larger accts into the 7 digits & will work harder to keep the client happy.
The last report I saw form Tradestation on their avg acct size was a few years ago was $60k, I would think it risen since than, probably closer to $80k now.
https://www.fidelity.com/about-fide...-retirement-saving-balances-reach-six-figures
The last report I saw form Tradestation on their avg acct size was a few years ago was $60k, I would think it risen since than, probably closer to $80k now.
https://www.fidelity.com/about-fide...-retirement-saving-balances-reach-six-figures
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UBS is $300mil and they are looking to raise it.