Best Brokers For An IRA Account

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Saving for retirement takes more than just funding a plan through work.  The best way to supplement any retirement savings is to open an IRA account.  Simply put, that 401k, 403b or pension plan isn’t enough to get you through your retirement years.  Which is where an IRA or individual retirement account comes into play with its tax advantaged savings.

When you leave an employer, you can take that 401k or 403b savings with you.  A Rollover IRA will give you the most control over that savings in the long run.  Plus you’ll never have to deal with your old employer once it’s done.

Then there is the self-employed and small business owners.  Sometimes you need more than just a traditional or Roth IRA and the need for an adequate retirement account is even more important.  With options like SEP IRA, Simple IRA, and Solo 401k, the best brokers will offer several options for you too.

If you’re not sure where to start, check out our guide on comparing online brokers. Once you’ve decided on a broker, check out our brokerage promotions page to see if it’s offering any deals or sign up bonuses.

Since brokers can change their commissions and fees at any given time, it’s best to visit the site and review all the information carefully before opening an account.


TD AmeritradeTD-Ameritrade

  • Rated #1 for Long Term Investors and Novices by Barron’s
  • Offers a full line of IRA choices from Traditional and Roth IRAs, Rollover IRA, SEP IRA, Solo 401k, and Simple IRA
  • Retirement tools like WealthRuler help estimate your retirement needs
  • Over 100 Commission Free ETFs to build your retirement portfolio
  • Free independent third-party research and educational resources
  • Here’s why we recommend TD Ameritrade
Stock Trade Mutual Fund Trade
Options Trade Options Contract Minimum Deposit IRA Annual Fees
$9.99 $0 – $49.95 $9.95 $0.75 None None

 Open Account


ScottradeScottrade

  • Offers a full line of retirement accounts including Traditional and Roth IRAs, SEP IRA, Simple IRA and IRA Rollovers
  • No Fee IRAs:  No setup, termination, or annual fees
  • Over 500 local branches nationwide for that face-to-face service
  • Offers online research tools including interactive retirement calculators and educational resources
  • Offers a range of commission-free investment strategies
Stock Trade Mutual Fund Trade
Options Trade Options Contract Minimum Deposit IRA Annual Fees
$7.00 $0 – $17 $7.00 $1.25 $500 None

Open Account


E*TRADE
ETrade

  • Offers a range of retirement accounts from Traditional and Roth IRAs, Beneficiary IRA, IRA for Minors, Rollover IRA, SEP IRA, Simple IRA, Solo 401k and Solo Roth 401k
  • Offers free easy-to-use research, education and investing tools
  • Helps you build a plan, manage your investments through retirement
  • Use the IRA Selector Tool to find the right IRA for you
Stock Trade Mutual Fund Trade
Options Trade Options Contract Minimum Deposit IRA Annual Fees
$9.99 $19.99 $9.99 $0.75 $500 None

Open Account


BettermentBetterment

  • Offers Traditional and Roth IRAs
  • The best option for simple, hands free investing
  • Straightforward fee of 0.15% to 0.35%, depending on your balance
  • No transaction fees, No minimum balance requirements
  • Betterment picks the best investments based on your risk level
  • Automatic account rebalancing
  • Check out our Betterment Review

Open Account


TradeKingTradeKing

  • Offers Traditional and Roth IRAs
  • No IRA fees and no minimum requirements
  • It’s perfect for investors focused on low cost transactions
  • Take advantage of the latest TradeKing promo code
Stock Trade Mutual Fund Trade Options Trade Options Contract Minimum Deposit IRA Annual Fees
$4.95 $9.95 $4.95 $0.65 None None

Open Account


optionshouseOptionsHouse

  • Offers several retirement accounts including Traditional and Roth IRA, SEP IRA, and Rollover IRAs
  • Rated “Best for Options Traders” by Barron’s in ’09, ’10, ’11
  • Trade with an award-winning cutting edge trading platform developed by professionals
  • Virtual stock and options trading platform to test your strategies first
Stock Trade Mutual Fund Trade
Options Trade Options Contract Minimum Deposit IRA Annual Fees
$3.95 $9.95 $5 – $8.50 $0 – $0.15 None None

Open Account


optionsXpressOptionsXpress

  • Offers retirement accounts for Traditional and Roth IRAs, SEP IRA, IRAs for Minors, and Rollover IRAs
  • Free trading education with XpressMethod
  • Offers a range of zero commission, no load mutual funds
  • Rated at least 4 stars out of 5 by Barron’s from 2002 – 2011
Stock Trade Mutual Fund Trade
Options Trade Options Contract Minimum Deposit IRA Annual Fees
$9.95 $9.95 $0 $1.50 None None

Open Account


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