Best companies to open a ROTH, Rollover and Traditional IRAs for starters. Top online brokerage firms for new investors to open a retirement account in 2018.

TD Ameritrade

4.5-star brokerage firm rating
  • IRA setup fee: $0
  • Annual IRA fee: $0
  • IRA termination fee: $0


  • Stocks & ETFs: $6.95
  • Options: $6.95 + $0.75 per contract
  • Mutual Funds: $49.99
  • IRAs offered: Traditional IRA, Individual 401k, ROTH IRA, SIMPLE IRA, SEP IRA, Rollover IRA.
  • Minimum to open: $0 for a cash account, $2,000 for an IRA.
  • Investments: Stocks, Options, ETFs, Bonds, CDs, Mutual Funds, Futures, Forex.

You can consider opening an IRA account at TD Ameritrade if you have at least $2,000 in savings, which is the broker's minimum investment requirement. Although TD Ameritrade has higher trading commissions and initial deposit for a retirement account, the brokerage is worth looking at. High pricing comes with exceptional services and features.

TD Ameritrade is a trusted brokerage company with a long history, so there should not be any worries when it comes to the safety of your hard-earned money. The brokerage offers exceptional services and does everything to help its clients understand and take full control of their investments. Like Scottrade, TD Ameritrade has local branches throughout the country, where personalized guidance for retirement savings is available.

A great research is one of the best among online brokers. The firm's educational resources, powerful trading tools and sophisticated platform are its big advantages. Also, the website has a pleasant and clean design. It is very easy to understand and navigate even for those people who open their first brokerage or IRA account.

TD Ameritrade offers three trading platforms. Its website-based trading platform is user friendly and intuitive. This is an ideal way for beginners to invest and practice trading. When your skills and knowledge about retirement savings and investing will grow, you don't need to switch to another brokerage firm to use advanced trading tools. The other two TD Ameritrade's platforms are great for advanced traders and considered the best in the industry. Moreover, unlike other brokerages, the company does not charge fees for using its platforms.

Well, pricing is high, yet as a beginner investor you will not only truly appreciate ease of use, availability and quality of service but will also enjoy the learning and investing process if you choose TD Ameritrade as your first IRA provider.


Advantages of The Best IRA Account For Beginners

  • No-fees and no minimums to open an IRA;
  • Well-established, trusted brokerage firm;
  • Over 100 commission-free ETFs;
  • Great research, great service, powerful tools, ease of use.

Open an account: Trade free for 60 days + get up to $600.

TD Ameritrade review »




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