Best IRA Brokerage Firms

Best IRA Companies. Top Rated Online Broker IRA Accounts in 2014.





Etrade Review

Etrade Best IRA Commissions


ProductPrice
Stocks and ETFs $9.99 ($7.99 if making 150+ trades per quarter)
Stocks and ETFs broker assisted $34.99
Options $9.99 + $0.75 per contract ($7.99 + $0.75 if making 150+ trades per quarter)
Mutual funds $19.99
Futures contracts $2.99 per contract, per side + fees
Fixed Incomemarkup or markdown and any transaction fee will be included in the price quoted
Forex No commissions. Etrade receives compensation through the bid/ask spread.
Bonds$1 per bond (minimum $10, maximum $250) for online secondary market trades. Includes Agency bonds, Corporate bonds, Municipal bonds, Brokered CDs, Pass-thrus, CMOs, Asset Backed Securities.

Investments stocks, bonds, mutual funds, futures, forex, fixed income, options, ETFs
Etrade minimum deposit to open account $500 for non-retirement cash account, $0 for retirement cash account, $2,000 for margin account
FeesEtrade fees


Etrade IRA Review


IRAs Offered: Rollover IRA, Traditional IRA, Roth IRA, IRA for Minors, Complete™ IRA, Beneficiary IRA, SEP IRA, SIMPLE IRA, Individual 401(k), Money Purchase, Profit Sharing, Investment-Only Non Custodial
IRA Setup Fee: $0
IRA Annual Fee: $0
IRA Termination Fee: $0

Etrade is one of the best-known online brokerage firms in the country, and it is a publicly traded company. When it was founded in 1992 as the first online discount brokerage, it revolutionized stock market trading. Since then, many other companies have followed the same business model.

Etrade stock and ETF commission is $9.99 per trade, options commission is $9.99 plus $0.75 per contract. Mutual funds are priced much more reasonably at $19.99 per transaction.

Etrade offers banking services to its customers - checking, savings, money market accounts, CDs, and credit cards - though the interest rates are not as good as with the best online banks.

The company also provides its clients with an ability to invest in Agency, Corporate, and Municipal bonds, Brokered CDs, Pass-thrus, CMOs, Asset Backed Securities. The price for bond trading and investing is very good: $1 per bond with $10 minimum and $250 maximum. We named the firm Best Bond Investing Broker in 2014.

Etrade 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 Etrade IRA review.


Open Best IRA Account


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Scottrade Review
Scottrade IRA Commissions

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 3,000+ commission-free NTF funds, $17 for others
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 per transaction

Investments stocks, options, mutual funds, CDs, munis, U.S. Treasury, Canadian and foreign stocks, ETFs
Scottrade minimum deposit to open account $500 for a cash account, $2,000 for a margin account
FeesScottrade fees


Scottrade IRA Firm 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 3,000 commission-free (NTF) mutual funds available to its 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.


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Optionshouse Review

OptionsHouse Top IRA Pricing


InvestmentsCommissions
Stocks and ETFs $4.75
Stocks and ETFs broker assisted $4.75
Options
Plan 1. Up to five contracts for $5; each additional contract $1
Plan 2. $8.50 + 0.15/contract (great if trading over 10 contracts)
Spreads
Plan 1. Up to 10 contracts for $10; each additional contract $1
Plan 2. $12.50 + 0.15/contract
Mutual funds $9.95
U.S. Treasury bonds and listed corporate bondsOrders are accepted by phone

Investments stocks, options, mutual funds, bonds, ETFs
Optionshouse minimum deposit to open account $1,000 for cash account, $2,000 for margin account
FeesOptionshouse fees


OptionsHouse IRA Firm Review


IRAs Offered: Traditional IRA, Roth IRA, Rollover IRA, SEP IRA, Educational IRAs
IRA Setup Fee: $0
IRA Annual Fee: $0
IRA Termination Fee: $20

OptionsHouse offers a $4.75 flat-rate commission for stocks and a $9.95 flat-rate commission for mutual funds. In the Barron's magazine online stock broker ratings, OptionsHouse got 4.5 stars (out of 5) and was named #1 in "Trade Experience."

OptionsHouse doesn't have IRA account balance minimums, or IRA setup or annual fees. With very low pricing on mutual fund purchases and sales, it's one of the cheapest brokerages for those planning to invest in mutual funds. 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.


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About Top IRA Companies


Above is the list of our top IRA companies in 2014. All of them offer free Traditional IRA, ROTH IRA, SEP IRA and IRA Rollover tax-exempt accounts: 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 Etrade. There are no IRA fees: individual retirement account setup, inactivity, or maintenance fees. The firm offers good mutual funds commissions, great investing research amenities and very rich selection of investment products.

Scottrade is the cheapest among our top IRA companies, so it's naturally very attractive for the bargain-seeking customers. It also offers a suit of valuable services for free.

If you are only comfortable having a brokerage IRA plan with large, well-known firm, then either Etrade or Scottrade 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.
This article was updated on 7/28/2014.




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