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Best brokerage firms for Traditional/ROTH/Rollover IRA account in 2010
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Stocks: $7.50
Mutual Funds: Purchase - $15
sale - free
Options: $0.50 per contract
with a minimum commission of $12.50
for single leg orders and $7.50 per leg for multi-leg orders
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- IRAs Offered: Traditional IRA, Roth IRA, Rollover IRA
- Minimum Account Balance: None
- IRA Annual Fee: $0
- Investing Products: Stocks, ETFs, Mutual Funds, Bonds,
Options
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tradeMONSTER IRA account is one of the best choices if one is looking to invest in mutual funds.
The firm earned 4.5 (out of 5) stars rating in 2009 investor survey
on its trading platform, usability, research and educational resources, portfolio analysis and reporting
tools.
tradeMONSTER has no IRA setup or annual IRA fees. Read full
tradeMONSTER review.
tradeMONSTER™
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Stocks: $7
Mutual Funds: Free (NTF program), $17 for No-load funds not on NTF program
Options: $7 plus
plus $1.25 per contract
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- IRAs Offered: Traditional IRA, Roth IRA, Rollover IRA
- Minimum Account Balance: $500
- IRA Annual Fee: $0
- Investing Products: Stocks, ETFs, Options, Mutual Funds,
CDs, Munis, Canadian Stocks
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Scottrade's IRA account is excellent for beginners, those who invest in mutual funds, and long-term,
"buy and hold" investors. There are over 2,800 free mutual funds available at Scottrade. Since
Scottrade is a well-established, seasoned brokerage firm with a very good reputation, it is
a natural choice for people nervous about opening their retirement investment account at the newer companies.
Scottrade has no IRA setup and annual IRA fees. The firm is consistently rated at the top in customer
service and investor satisfaction. Read full
Scottrade review.
Scottrade
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Stocks: Free ($4.50)
Mutual Funds: $10
Options: $4.50 plus
$0.50 per contract
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- IRAs Offered: Traditional IRA, Roth IRA, Rollover IRA
- Minimum Account Balance: None
- IRA Annual Fee: $30
- Investing Products: Stocks, ETFs, No-load Mutual Funds,
Options
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Even with $30 annual IRA fee, we still think that Zecco brokerage offers one of the best values on IRA accounts.
But only if you have $25,000 account balance and trade stocks 1-15 times a month. In that case Zecco in the
cheapest stock broker for you.
Zecco has no IRA account minimums, no inactivity fees and free dividend reinvestment. Read full
Zecco review.
Zecco
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Stocks: $2.95
Mutual Funds: $9.95
Options: up to 5 contracts for $5
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- IRAs Offered: Traditional IRA, Roth IRA, Rollover IRA
- Minimum Account Balance: None
- IRA Annual Fee: $0
- Investing Products: Stocks, ETFs,
Networked No-load Mutual Funds, Options
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OptionsHouse offers $2.95 flat-rate stock commission and $9.95 flat-rate commission for mutual funds.
In Barron's magazine 2009 online stock broker ratings OptionsHouse got 4.5 stars (out of 5)
and was named #1 in "Trade Experience".
OptionsHouse has no Traditional (Roth, Rollover) IRA account balance minimums, IRA setup or annual fees. With only
$10 for a mutual fund purchase/sale it's one of the cheapest brokerages if you plan to invest in mutual funds.
Read full
OptionsHouse review.
OptionsHouse
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