Best IRA Brokerage Firms

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





OptionsXpress review
OptionsXpress by Charles Schwab IRA Commissions

InvestmentsCommissions
Stocks and ETFs$8.95
Options$14.95 for up to 10 contracts, $1.50 per contract for over 10 contracts
Options Active Traders$12.95 for up to 10 contracts, $1.25 per contract for over 10 contracts
Mutual funds $9.95
Bonds$5 per bond, $9.95 minimum
Futures$3.50 per contract
Forex No commissions. optionsXpress receives compensation through the bid/ask spread.
Options on Futures $3.50 per contract
Spreads, Straddles & Combos2-10 contracts - $12.95 flat (active traders) $14.95 flat (non-active traders); 10 + contracts - $1.25 per contract (active traders); $1.50 per contract (non-active traders)

Investments stocks, options, mutual funds, bonds, futures, options on futures, covered calls, forex, ETFs
OptionXpress minimum deposit to open account $0 for cash account, $2,000 for margin account
FeesOptionsXpress fees


OptionsXpress by Charles Schwab IRA Firm Review


IRAs Offered: Traditional IRA, Roth IRA, Rollover IRA, SEP IRA, SIMPLE IRA, Custodial, Coverdell (educational IRA), Minor Roth, Minor Traditional IRAs
IRA Setup Fee: $0
IRA Annual Fee: $0
IRA Termination Fee: $50

An OptionsXpress by Charles Schwab IRA account is one of the best choices for customers looking to invest in mutual funds. The firm earned a 4.5 out of 5 stars rating in investor surveys in the categories of Trade Experience, Usability, Range of Offerings, Research and Educational Resources, and Customer Service.

OptionsXpress, which is now part of Charles Schwab, offers free IRA accounts with no IRA setup or annual IRA fees. The firm provides its clients with free DRIPs, excellent set of trading and research tools, and fantastic customer service. It's the best IRA company for beginner investors. Read full OptionsXpress IRA review.


Open OptionsXpress by Charles Schwab IRA Account


Open Optionsxpress account




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.


Open Scottrade IRA Account


Open Scottrade account




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.


Open OptionsHouse Top IRA Account


Open Optionshouse account




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 best IRA firm for beginners is OptionsXpress: fantastic customer service, security of one of the largest U.S. brokerage firms (OptionsXpress is owned by Charles Schwab), and lots of free trading tools and services.

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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