Well, if I open an account, I will not transfer it from Etrade to them, I will keep Etrade and start with the minimum 5,000. Once I get my Etrade quota which will be within the first month of the quarter, I'll trade out of the other one. That is my plan! I have too many other accounts tied to my Etrade account - my kids accounts, ira's , and bank accounts - to completely cancel it. You might want to consider this route too - at least just in the beginning!