Retail accounts - How big is big?

Discussion in 'Retail Brokers' started by bookish, Jun 7, 2018.

  1. bookish

    bookish

    How large of a retail account is big enough that nearly all brokers would start wetting their pants to get that account?
     
  2. rb7

    rb7

    It's not the size of the account that matters, but the traded volume.
    An account of 1m could trade more than an account of 100m.
     
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  3. bookish

    bookish

    Yes, but thats not the question. If all you had to go on was account size...
     
  4. Robert Morse

    Robert Morse Sponsor

    Each broker would be different. Some large banks require $100mm to start.
     
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  5. wrbtrader

    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". :wtf:

    I replied...you do the same. She got up and left.

    wrbtrader
     
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  6. bookish

    bookish

    When they do that to me I tell them, then I leave.
     
  7. I doubt any broker would wet their pants over some account.
     
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  8. dealmaker

    dealmaker

    A $100M account inactive will allow a broker to provide margin for those who do trade their account actively thus would be desirable...
     
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  9. comagnum

    comagnum

    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
     
    Last edited: Jun 7, 2018
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  10. UBS is $300mil and they are looking to raise it.
     
    #10     Jun 7, 2018
    bookish likes this.