Largest IRA Provider Firms For Traditional, ROTH, SEP, SIMPLE, and 401K Accounts in 2017

TD Ameritrade IRA Commissions
Stocks and ETFs $6.95
Stocks and ETFs broker assisted $44.99
Options $6.95 + $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.

TD Ameritrade IRA Accounts Offered
  • Traditional IRA
  • Roth IRA
  • Rollover IRA
  • Individual 401k (for small business)

TD Ameritrade IRA Fees

  • IRA setup fee: $0
  • Annual IRA fee: $0
  • IRA termination fee: $0
  • Outbound full account transfer: $75
  • Outbound partial account transfer: $0

Largest IRA Firm Review

TD Ameritrade charges flat-rate $6.95 commission for stocks and ETFs, unlimited shares and no volume requirements. The firm has no IRA fees, aside from outgoing account transfer charges. There are also no account inactivity and maintenance fees.

TD Ameritrade offers all main IRA account types, including retirement accounts for self-employed. The firm is not cheap for stocks, ETF and, especially, mutual fund investors. But customers have access to one of the largest selections of no-transaction-fee mutual funds (NTF)s, and 100+ commission-free ETFs. There is no minimum deposit requirement to open an IRA account - you could open account and keep it open with $0.

Read full TD Ameritrade IRA Review

Fidelity IRA Commissions
Stocks and ETFs $4.95
Stocks and ETFs broker assisted $29.95
Options $4.95 + $0.65 per contract
Mutual funds$49.95 ($75 for some funds; Fidelity funds are commission free) to buy; $0 to sell ($49.95 if sold within 60 days)
Bonds (U.S. Treasury Auctions, including TIPS Auctions, U.S. Treasury Bills, Notes), primary market CDs on a net yield basis
GSE (Agency Securities), secondary CDs, Municipals, Corporates (BBB- or higher), CATS/TIGRS, Corporates (BB+ or lower) $1 per bond ($250 max; $50 max if maturing in one year)
Commercial Paper $50 per transaction

Fidelity IRA Accounts Offered
  • Rollover IRA
  • Roth IRA
  • Traditional IRA
  • Inherited IRA
  • Self-Employed 401(k)
  • 401(k) Plan for Large Business

Scottrade IRA Fees

  • IRA setup fee: $0
  • Simple IRA: $350 per plan collected annually from the employer or $25 per participant collected annually from participants' accounts
  • IRA termination fee: $50 per account, excluding SIMPLE IRAs, Fidelity Retirement Plan (Keogh) accounts
  • $48 for HSA, waived in some instances
  • Mutual fund low balance fee: $12 per year for each noncore Fidelity fund under $2,000

Largest IRA Firm Review

Some discount brokers charge lower commissions but make you pay for all but the most perfunctory research. Fidelity offers extensive free and paid research on stocks, bonds, funds, etc. The My Research feature is very handy. With it, you can use your watch lists to stay up to date on quotes and news. You can customize the screen to give you the types of information you want, and the calendar feature gives you a heads-up on upcoming dividend payout dates and earnings announcements. You can also add specific content sources for timely news and insights.

One excellent feature is the StarMine Relative Accuracy Scores from Reuters that Fidelity displays on its listed research reports. The scores measure the source’s predictive ability over the previous 24 months, so you can select the best sources at a glance. For example, if you follow Starbucks stock, you would enter SBUX on the Stock Research Center page and pull up the available research reports. As of this writing, 13 reports were available with accuracy scores between 9 and 75 out of 100. The Research Center automatically displays a company profile, the latest news, industry comparisons, a sentiment score -- very bearish to very bullish -- derived from independent researchers, and a very handy Accounting & Governance Risk Score that rates how aggressively a company works its accounting procedures.

If you are a fan of boilerplate, the Fidelity Learning Center is a great resource. This is especially valuable if you are a novice to a particular topic, such as annuities and retirement issues.

Read full Fidelity IRA Review

Etrade IRA Commissions
Stocks and ETFs $6.95 ($4.95 if making 30+ trades per quarter)
Stocks and ETFs broker assisted $34.99
Options $6.95 + $0.75 per contract ($4.95 + $0.50 if making 30+ 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
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.

Etrade IRA Accounts Offered
  • Rollover IRA
  • Traditional IRA
  • Roth IRA
  • IRA for Minors
  • Complete™ IRA
  • Beneficiary IRA
  • Individual 401(k)
  • Money Purchase
  • Profit Sharing
  • Investment-Only Non Custodial
  • 401(k) Rollover
  • Standard Rollover IRAs from other custodians

Etrade IRA Fees

  • IRA setup fee: $0
  • Annual IRA fee: $0
  • IRA termination fee: $0
  • IRA premature distributions, removing excess contributions, and recharacterizations: $25

Largest IRA Provider Review

Etrade is a discount brokerage that offers a full range of retirement accounts, low commissions and fees for trades, and many free services and resources. Etrade makes available to investors a wide range of IRA options.

Besides executing trades, most online brokers offer useful amenities such as real-time quotes, proprietary trading platforms, news and research services, portfolio management and tracking tools, and mobile apps for trading on the go.

Read full Etrade IRA Review

Article was updated on 1/21/2017.

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