Best IRA Brokerage Firms

Best IRA Companies. Top Rated Online Broker IRA Accounts To Invest In 2016.




TD Ameritrade


InvestmentsCommissions
Stocks and ETFs $9.99
Stocks and ETFs broker assisted $49.99
Stocks and ETFs interactive voice response (IVR) telephone system $34.99
Options $9.99 + $0.75 per contract
No-load mutual funds $49.99
Treasuries at auction $25
All other bonds and CMOs, CDs on a net yield basis
Futures $2.25 per contract (plus exchange & regulatory fees)
Forex Non-commission currency pairs trade in increments of 10,000 units (and do not contain a "#" symbol suffix). There are no additional fees or charges.

Investments stocks, mutual funds, options, ETFs, bonds, CDs, UITs, futures, and forex
TD Ameritrade\TDA minimum deposit to open account $0 for cash account, $2,000 for margin account
FeesTD Ameritrade fees
Promotion and login linksTD Ameritrade login, TD Ameritrade promotions and TD Ameritrade referral


TD Ameritrade IRA Review


IRAs Offered: Traditional IRA, Roth IRA, Rollover IRA, SEP IRA, SIMPLE IRA, Individual 401k (for small business)
IRA Setup Fee: $0
IRA Annual Fee: $0
IRA Termination Fee: $0

TD Ameritrade is one of the best-known and largest online brokers in the country, and it has been in business for over 35 years. But it's definitely not the cheapest: $9.99 per stock trade was a good price in 2000, but it is considered high in 2016, and $49 to buy or sell a mutual fund is extremely expensive!

Unlike most other brokerage firms, TD Ameritrade does not have surcharges on large orders, penny stocks, or extended-hours trading. The firm's IRAs have no fees: there are no setup, maintenance, inactivity, or annual IRA fees. A retirement account can be opened with no money down. Read full TD Ameritrade IRA review.


Open TD Ameritrade IRA Account


Open TD Ameritrade account

Trade free for 60 days + get up to $600.




Scottrade


InvestmentsCommissions
Stocks and ETFs $7
Stocks and ETFs broker assisted $32
Stocks and ETFs interactive voice response (IVR) telephone system $32
Options $7 + $1.25 per contract
Mutual funds $17
CDs, OTC Secondary Corporates, OTC Secondary Municipals,
U.S. Treasury Bills, Notes, Bonds and STRIPS, New Corporate Offerings
subject to a markup or markdown
Listed Corporate Bonds $35 + $3 per bond (minimum investment $1,000)
Unit Investment Trusts (UIT) $50 liquidation fee
Foreign Stocks Transferring In or Out $60

Investments stocks, options, mutual funds, CDs, munis, U.S. Treasury, Canadian and foreign stocks, ETFs
Scottrade minimum deposit to open account $2,500 ($0 for IRA accounts)
FeesScottrade fees
Promotion and login linksScottrade login, Scottrade promotions


Scottrade IRA Review


IRAs Offered: Traditional IRA, Roth IRA, Rollover IRA, Simple IRA, SEP IRA, 401K Plans, Defined Benefit, Money Purchase, Keogh DVP
IRA Setup Fee: $0
IRA Annual Fee: $0
IRA Termination Fee: $0

Scottrade's IRA account is excellent for beginner, mutual fund, and long-term, "buy and hold" investors. There are over 2,600 commission-free (NTF) mutual funds available to the customers. Since the company is a well-established, seasoned brokerage house with a very good reputation, it is a natural choice for people nervous about opening their retirement investment account at one of the newer firms.

Scottrade IRAs are free: there are no IRA setup or annual IRA fees. The company does not even charge an IRA termination fee. The firm is consistently rated at the top in the industry in client services and customer satisfaction. Read full Scottrade IRA review.


Open Scottrade IRA Account


Open Scottrade account

Get up to $2000 when you open new account or add funds to existing account.




OptionsHouse


InvestmentsCommissions
Stocks and ETFs $4.95
Stocks and ETFs broker assisted $29.95
Options$4.95 + $0.50 per contract
Mutual funds $20
Futures $1.50 per contract

Investments stocks, options, mutual funds, bonds, futures, ETFs
Optionshouse minimum deposit to open account $0 for cash account, $2,000 for margin account
FeesOptionshouse fees
Promotion and login linksOptionshouse login, Optionshouse promotions and Optionshouse referral


OptionsHouse IRA Review


IRAs Offered: Traditional IRA, Roth IRA, Rollover IRA, SEP IRA, Educational IRAs
IRA Setup Fee: $0
IRA Annual Fee: $0
IRA Termination Fee: $60

OptionsHouse offers a $4.95 flat-rate commission for stocks and a $20 flat-rate commission for mutual funds transactions. In the Barron's magazine online stock broker review, OptionsHouse got score of 5 (out of 5) in Mobile and Portfolio Analysis & Reports categories as well as highest scores in Research Amenities, Usability, Customer Service & Education, and Trading Technology categories.

OptionsHouse doesn't have IRA account balance minimums, or IRA setup or annual fees. Recent merger with another brokerage firm, TradeMonster, gives OptionsHouse an impressive suite of trading tools as well as puts it in a position to challenge larger brokerage houses. The firm provides a lot of free services, including virtual trading, dividend reinvestment plans (DRIPs), streaming quotes, and check-writing. Read full OptionsHouse IRA review.


Open OptionsHouse IRA Account


Open Optionshouse account

Trade Free For 60 Days when you Open a New OptionsHouse Account.




About Top IRA Companies


Above is the list of our top IRA companies in 2016. All of them offer free Traditional IRA, ROTH IRA, SEP IRA and IRA Rollover tax-exempt accounts for individuals: there are no annual, maintenance, custodial, or setup fees associated with these IRA plans. Some of these firms also offer SIMPLE IRA, Custodial and 401(k) retirement accounts.

The overall number one IRA company for do-it-yourself (DIY) investors is Scottrade. There are no IRA fees: individual retirement account setup, inactivity, or maintenance fees. The firm offers low mutual funds commissions, over 2,600 mutual funds commission-free, investment research amenities, and rich selection of investment products.

The best IRA firm for beginners is TD Ameritrade: the broker offers very good customer service, security of one of the largest U.S. brokerage firms, and lots of free trading tools and services.

OptionsHouse is the cheapest among our top IRA companies, so it's naturally very attractive option for the bargain-seeking customers. The brokerage also offers a suit of valuable services for free. Its online interface and trading tools, however, will appeal more to active and younger investors.

If you are only comfortable having a brokerage IRA plan with large, well-known firm, then either Scottrade or TD Ameritrade will work great for you.

You can open new tax exempt retirement account or set up to transfer your existing brokerage IRA or employer 401(K) account by clicking one of the links on this website and following instructions. Make sure to read brokerage IRA reviews before making final decision.

All companies listed here are members of FINRA - they have to comply to strict government rules. They are also SIPC insured - broker-dealer equivalent of banks FDIC insurance (up to $500,000 per customer, including up to $250,000 in cash).

Updated on 5/4/2016.




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