No Fee IRA Discount Brokers (contd.)

TD Ameritrade

Discount broker TD Ameritrade has no IRA setup or annual maintenance fees. No minimum to open an IRA account. No inactivity fee however there is a termination or transfer fee. Products available for trading include stocks, options, mutual funds, bonds and CDs. TD Ameritrade commissions are $9.99 per trade for stocks (market or limit). Options are $0.75 per contract.

TD Ameritrade accepts foreign accounts.

E-Trade

Discount broker E-Trade has no IRA setup or annual maintenance fees, $1000.00 minimum to open an IRA account. There is a termination or transfer fee. Products available for trading include stocks, options, futures, mutual funds, and bonds. E-Trade commissions are $12.99 per trade for stocks (market or limit). Options are $0.75 per contract.

E-Trade also offers online banking and lending services.

Fidelity

Fidelity has no IRA setup or annual maintenance fees, $2500.00 minimum to open an IRA account. They will waive it if you sign up for automatic contributions totaling $200.00 per month. No inactivity fee however, there are low-balance, short term trading, and account termination fees. Products available for trading include stocks, options, mutual funds, CDs, munis, and Canadian stocks. Fidelity commissions are $29.95 per trade for stocks (market or limit). Options are $2.25 per contract.

Fidelity is a full service broker.

back