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Best brokerage firm for Roth IRA account in 2012
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- Stocks and ETFs: $4.95 (for stocks/etfs priced over $1)
- Options: $4.95 plus $0.65 per contract (for up to 8 contracts) OR $8.95 plus $0.15 per contract (for over 8 contracts)
- Short options valued at 5 cents or less, can be bought to close these positions for no charge (commission free)
- Multiple legs will only be charged one base price of either $4.95 or $8.95, depending on how many total contracts are involved
- Mutual Funds: $9.95
- Bonds: $4.95 per bond ($14.95 minimum)
- Treasuries: $24.95 per transaction
- Certificates of Deposit (CDs): $24.95 per transaction
- Investments: stocks, options, mutual funds, bonds, CDs, treasuries, ETFs
- Minimum to open TradeKing account: $0
- All TradeKing fees
- Great commissions
- No minimums, maintenance or hidden fees
- Free real time quotes
- Award-winning trading tools
- Best rated customer service
- Low margin rates
- Best online investor community
- Fee-free IRAs
- Extensive educational resources
- Additional $0.01 per share on the entire order of stocks priced less than $1
- $50 annual inactivity fee if BOTH apply to an account(s):
- Combined account value of the household account(s) is less than $2,500
- No commission-charged trades have been executed in the account(s) during the last 12 months
TradeKing is one of our favorite brokerages -- we ranked it #2 among
Top Brokerage Firms in 2012.
The firm received lots of awards: 5-star rating in Customer Service and Trading Tools in the June 2009
Barron's Broker Survey; 5-star in Customer Service in the 2008 Barron's Brokerage Survey; overall #1
Discount Broker in 2007 and 2006, according to Barron's. In Smart Money and Kiplinger's magazines
Annual Broker Survey for 2010 and 2011, TradeKing ranked first in Customer Service.
TradeKing has no minimum requirements or hidden fees. Beginners could place broker-assisted trades for the
same low price of $4.95 and could learn to trade and get investing ideas in the website's friendly community.
TradeKing has no IRA setup or annual fees, as well as no account inactivity and maintenance charges. Therefore it's
great for people looking to open a
no-fee ROTH IRA account
with "buy-and-hold" investment strategy.
We strongly recommend TradeKing for all account types, but especially for ROTH IRA. Investors could open ROTH IRA cash account
with no money down and no commitment and see what everyone is raving about.
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