Depositing Funds and Investing

What’s the minimum to fund the account?

The minimum deposit is $50. However, we recommend starting with at least $2,500—more information as to why can be found here. If you’d like to transfer over funds from another brokerage account, please contact, and we can guide you through the process.

Can I still use Composer without funding my account?

Yes. After signing up, users can utilize Composer as a backtesting and following tool. Users can also create and edit symphonies of their own.

What should I invest in?

In accordance with the U.S Securities and Exchange Commission, Composer does not advise clients/users on which securities or investments to add or remove but rather allows the client/user the ability to edit strategies on their own. 

How many symphonies should I invest in?

We don’t limit the amount of symphonies users can invest in. 

How does trading work?

Composer aggregates all trades and executes them during the set daily trading period. The orders are executed daily between 3:50 and 4:00 PM Eastern on days the market is open. All trading activity for the day will be completed during this time, and your portfolio will be updated after the orders have been executed. You can read more about how Composer trades here

What happens after I click “invest”?

After clicking ‘invest', we will execute your symphony in the next trading period. Composer will automatically execute trades based on the designated calendar frequency or designated threshold. You can manage your investments on the Portfolio page

What are the fees? 

Our fees are only associated with automated trading. We have two types of Trading Passes – A monthly Pass starting at $30/month and a yearly Pass at $24/month. For additional accounts, each will be $20/month or $16/month, depending on whether your Trading Pass is monthly or yearly. Please see our complete fee schedule here.

Where are my assets held?

As a member of the Securities Investor Protection Corporation (SIPC), funds are available to meet customer claims up to a ceiling of $500,000, including a maximum of $250,000 for cash claims. For additional information regarding SIPC coverage, including a brochure, please contact SIPC at (202) 371-8300 or visit 

If your investments are through Alpaca, the primary custodian is BMO Harris. If your investments are through Apex, the primary custodian is Apex Clearing. Apex has purchased an additional insurance policy through a group of London Underwriters (with Lloyd's of London Syndicates as the Lead Underwriter) to supplement SIPC protection. This additional insurance policy becomes available to customers in the event that SIPC limits are exhausted and provides protection for securities and cash up to certain limits. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities.

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