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Largest IRA Provider Companies in 2025
The largest IRA provider companies to open a retirement investing account (Traditional, ROTH, SEP, or SIMPLE).
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Fidelity Pricing
| Investments | Commissions |
|---|
| Stocks and ETFs | $0 |
| Stocks and ETFs broker assisted | $29.95 |
| Options | $0.65 per contract |
| Mutual funds | $49.95 to buy; $0 to sell. $49.95 if sold within 2 months |
| Bonds and CDs (new issues) | on a net yield basis |
| Bonds and CDs (secondary issues) | $1.00 per bond ($250 maximum) |
| Investments | stocks, bonds, mutual funds, options, commercial paper, UITs, ETFs |
| Fidelity minimum deposit to open account | $0 ($0 for Rollover IRA; $2,500 or $200 per month for ROTH and Traditional IRA) |
Fidelity Advantages
Fidelity offers great value. Stock and ETF trades are $0, and options cost 65¢ per contract. Investors also get 24/7 customer support. If you prefer in-person help, Fidelity has over 180 branches across the United States. These branches host seminars on topics like global investing, annuities, and charitable giving. On Fidelity’s website, you’ll find educational videos, articles, courses, webinars, and infographics covering subjects from ETF valuation to retirement planning.
Fidelity has more than 11,500 mutual funds. About 1,800 of them have no load and no transaction fee. You can filter funds by Morningstar rating, fund family, expense ratio, or return history, and sort results by any criterion. For ETF investors, Fidelity offers all commission-free ETFs.
If you want help choosing investments, Fidelity provides professional advice and portfolio management. There are tools for education savings, like UGMA/UTMA accounts and 529 plans, and for retirement planning, including various IRAs and 401(k) services. You can also access life insurance and long-term care planning resources. Plus, Fidelity’s cash management account adds extra convenience. Overall, Fidelity is a full-service financial firm.
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Charles Schwab Pricing
| Investments | Commissions |
|---|
| Stocks and ETFs | $0 |
| Stocks and ETFs broker assisted | $29.95 |
| US Over-The-Counter (OTC) Equities | $6.95 |
| Options | $0.65 per contract |
| Mutual funds | $49.95/$74.95 to buy, $0 to sell |
| Futures | $2.25 per contract |
| CDs, Corporate Bonds, Municipal Bonds, Government Agencies, Zero-Coupon Treasuries, including STRIPS and Mortgage-Backed Securities | $1 per bond, $10 minimum, $250 maximum |
| Commercial Paper and Foreign Bonds, Unit Investment Trusts | call for pricing |
| Investments |
stocks, bonds, mutual funds, futures, Treasury issues, options, CDs, insurance, ETFs, futures,
annuities, non-U.S. securities and ADRs, WEBs and Canadian foreign orders
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| Charles Schwab minimum deposit to open account | $0 for cash account, $2,000 for margin account |
Charles Schwab Advantages
Charles Schwab has 5,100 mutual funds, with over 3,100 that have no load and no transaction fee. Schwab also offers one of the largest selections of commission-free mutual funds and ETFs. For equity traders, online stock trades are $0, and options cost 65¢ per contract.
You can access research and learning on Schwab’s site, including articles, videos, and live webinars. Through optionsXpress, you can trade futures. The site has a community forum and 24/7 support. The thinkorswim desktop platform (requires a $1,000 balance) includes tutorials to help you learn its tools. Schwab also offers a web platform, a mobile app, and an Apple Watch app.
Schwab provides 24/7 phone and online chat support, with some agents fluent in Mandarin and Cantonese. Over 325 branches across the U.S. offer in-person service. You can open retirement and FDIC-insured bank accounts, making Schwab a convenient one-stop financial solution.
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Charles Schwab Website
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TD Ameritrade Pricing
| Investments | Commissions |
|---|
| Stocks and ETFs | $0 |
| Stocks and ETFs broker assisted | $25 |
| Mutual funds | $49.99 to buy, $0 to sell |
| 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, ETFs, bonds, CDs, UITs, futures, and forex |
| TD Ameritrade minimum deposit to open account | $0 |
TD Ameritrade Closed Its Doors
TD Ameritrade Advantages
New investors who would like to practice trading before committing real money should check out TD Ameritrade's
Paper Trade. This is a paper trading platform that allows users to experiment with a wide variety of orders, such
as trailing stop, one triggers other, and stop on quote. Equities can be sold short on the platform, and futures
can also be traded. It's a great opportunity to try out different products and trading strategies.
Even better, it's free all the broker's customers. The system starts with $100,000 of virtual currency, and the
account balance details change as orders are completed. This allows the user to see the impact that certain trades
have on brokerage account balances.
The broker's charting software is very sophisticated. It appears within the web browser. A chart can be detached
and blown up full screen to show greater detail. There are many technical studies available, including linear
regression trendline, acceleration bands, and time series forecast. Drawing tools are part of the chart's
capabilities. These include channels, resistance lines, and pitchforks. A graph's duration can be shown anywhere
from 1 day to 10 years. The time interval can be as fast as tick-by-tick. The software is fully customizable. A
chart can be printed or saved. The price history of another security can be overlaid for comparison.
The TD Ameritrade website has some great search tools for futures. For example, Idea Hub searches thousands of
available futures based on bullish or bearish sentiment and generates a probability graph. A trade button
automatically fills an appropriate trade ticket. Futures research and educational resources are also
available on the TD Ameritrade website. Useful educational videos help traders learn how to use all of these tools. Investors
who would like to try out the broker's great features can get $0-commission trades simply
by opening a new account and making a deposit.
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Updated on 5/9/2025.
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