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Brokerage Account Review📊 Best Tax-Loss Harvesting

Wealthfront

Wealthfront Corporation

Stock trades N/A — managed portfolios, not per-trade investing. Hands-off investors who want low-cost automated investing with daily tax-loss harvesting.

At a Glance

Stock Trades

N/A — managed portfolios, not per-trade investing

Options Trades

Not supported

Min. Deposit

$500

Research Tools

Basic

Fractional Shares

Yes

Crypto Trading

No

Rates & Fees

Stock Trades

N/A — managed portfolios, not per-trade investing

Options Trades

Not supported

Min. Deposit

$500

Account/Inactivity Fee

0.25% annual advisory fee

Full Transfer-Out Fee

$75 for a full account transfer

Key Features

Automated portfolios built from low-cost index funds

Daily tax-loss harvesting on taxable accounts

US Direct Indexing available for larger taxable balances

Pros & Cons

Pros

  • Low flat 0.25% advisory fee
  • Automated daily tax-loss harvesting
  • High-yield Cash Account with no Wealthfront fees on cash balances

Tradeoffs

  • $500 minimum to open an investment account
  • No individual stock trading or options
  • No human advisor access

Best for: Hands-off investors who want low-cost automated investing with daily tax-loss harvesting

How to Apply

Decide which account type fits your goal — Wealthfront Corporation offers Individual, Joint, Roth IRA, and more.

Have your Social Security number, employment information, and a funding source (bank account or transfer) ready.

Open the account directly on Wealthfront Corporation's site or app; identity verification is required by federal law for all brokerages.

Fund the account with at least $500 to meet the minimum deposit requirement.

Review commission schedules and any account fees before placing your first trade.

How It Compares

Current product highlighted
ProductStock TradesOptions TradesMin. Deposit
WealthfrontN/A — managed portfolios, not per-trade investingNot supported$500
Fidelity Investments$0$0.65/contract$0
Charles Schwab$0$0.65/contract$0
E*TRADE$0$0.65/contract ($0.50 for 30+ trades/qtr)$0

Frequently Asked Questions

Does Wealthfront Corporation charge fees to trade stocks?

Wealthfront Corporation's stock trade commission is "N/A — managed portfolios, not per-trade investing." Options trades are priced at Not supported, and other fees (like broker-assisted trades or account transfers) can still apply.

What's the minimum deposit for Wealthfront Corporation?

Wealthfront Corporation requires a minimum deposit of $500 to open this account.

Can I trade fractional shares and crypto with Wealthfront Corporation?

Wealthfront Corporation supports fractional shares, and does not offer direct crypto trading.

Are there any ongoing or account-closing fees with Wealthfront Corporation?

Account/inactivity fee: 0.25% annual advisory fee. Fee to transfer your full account to another broker: $75 for a full account transfer. Transfer-out fees are common industry-wide and are charged by the broker you're leaving, not the one you're moving to.

How does Wealthfront Corporation compare to other brokerages?

See the "How It Compares" table on this page for a few close alternatives side by side, or browse the full list of brokerage accounts to compare commissions, minimums, and platform features.

Other Brokerage Accounts

Fidelity Investments

Stock trades: $0

Charles Schwab

Stock trades: $0

E*TRADE

Stock trades: $0

Fees and features shown are illustrative as of 2026 and subject to change — always confirm current terms directly with the broker before opening an account.

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