2019 top rated brokerage firm for IRA accounts. Best investment company to open ROTH, Rollover, or Traditional IRA account.


Rating:   4.5-star brokerage firm rating

TD Ameritrade IRA Investing Cost

ProductPrice
Stocks and ETFs $6.95
Stocks and ETFs broker assisted $49.99
Stocks and ETFs interactive voice response (IVR) telephone system $34.99
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 fee 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.
PromotionTrade free for 60 days + get up to $600.


Overview of TD Ameritrade IRA

Today’s investor has several good options for brokerage IRA account without the assistance of a live stock broker and without paying significant fees. TD Ameritrade offers a top rated brokerage IRA account for an individual investor that is a good combination of value, cost and resources, making this a good option for a new or experienced investor.

TD Ameritrade is one of the largest online brokerages, and is itself traded on the NASDAQ exchange. Although TD stands for Toronto Dominion, and though TD Ameritrade is the result of a merger of Ameritrade and Canada’s TD Bank, TD Ameritrade is a U.S. company, based in Omaha, Nebraska.


What You Get With TD Ameritrade Brokerage IRA

A TD Ameritrade brokerage account includes several key products and services:

IRA types offered - Traditional IRA, Individual 401k, ROTH IRA, SIMPLE IRA, SEP IRA, and Rollover IRA.

The online brokerage interface - An easy to use browser-based or phone app for trading and to check balances and positions.

Training for new and experienced investors - Extensive reading and video material to help a novice investor.

Research tools for individual investors - Screeners, research and alert tools to enable more efficient trading.

Access to TD Ameritrade branch offices - The ability to make a deposit/withdrawal in person or talk about a transaction.

Trading tools and platforms – Several trading platforms, including ThinkorSwim, are available at no additional cost.


Opening a Brokerage IRA with TD Ameritrade

A new brokerage account with TD Ameritrade is easy to open and can be funded immediately. There is no minimum balance to open both a standard brokerage account or IRA account. Funds for the account can be transferred in electronically or may be done with a manual check deposit.


IRA Fees

TD Ameritrade has no IRA fees: individual retirement accounts are free to open, maintain and close. There is no account inactivity fee. It just doesn't get any better.


Open TD Ameritrade IRA

Trade free for 60 days + get up to $600.

Open TD Ameritrade Account


Trading Stocks With a TD Ameritrade brokerage IRA Account

In order to trade in securities with a TD Ameritrade brokerage account, the funds must be available in the account. Since a deposit may be one or two business days to appear in the TD Ameritrade brokerage account, it is wise to check balances before attempting to trade.


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Making trades with TD Ameritrade is inexpensive and easy to do. Trades are $6.95 per transaction for stock buys and sells. Mutual fund fees are higher, at $49.95 but there are also over 2,600 mutual funds available commission-free. Overall, the fee structure is comparable to that of other online brokerages. TD Ameritrade also offers higher-volume traders discounts on the trading fees to encourage more frequent trades.


TD Ameritrade’s Trading Interface

TD Ameritrade’s trading interface is easy to use, and is designed to be intuitive enough that a brand-new investor can navigate through the buying and selling process without needing assistance.


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When the target trade is already known, an investor can search for a security, enter a trade, review the trade before executing, and then execute the trade. Status updates on buy and sell activity is easy to find and review. Complete ledger activity, including payouts of dividends, mutual fund reinvestments and a record of buys and sells is highly functional and customizable. The basic trading interface is also available in TD Ameritrade’s mobile application, and provides most of the same functionality as the browser version.


Education Available From TD Ameritrade

Unlike some other online brokerage services, TD Ameritrade offers significant training and education resources that are well-suited to both novice and experienced traders. Education is in the form of articles and videos, with a fully-featured method to track progress and obtain certifications for successful completion of sets of training.

TD Ameritrade’s education resources are set up such that a new investor can take training in a recommended sequence, show completion of training, and learn about how to participate in the market as well as how to use TD Ameritrade’s tools. There are many articles and videos in each category of training. Categories include:

  • Stocks
  • Options
  • Bonds
  • Mutual Funds & ETF’s
  • Futures
  • Forex
  • Personal Finance

TD Ameritrade’s training program is ideal for the novice and inexperienced investor, with thorough explanations of common terms (limit, GTC, etc.) as well as a complete walk-through of how to trade on TD Ameritrade’s platforms. Also available is advanced training for more experienced investors, with useful tips and tricks for trading options, working with margins and margin calls, and other topics.


TD Ameritrade’s Research Tools

TD Ameritrade offers significant screeners, wizards and other analysis and selection tools for a wide variety of securities types. Both experienced and inexperienced investors will benefit, for example, from TD Ameritrade’s ETF wizards, allowing the investor to select from many different criteria to narrow down to a small set of ETF’s that meet an investor’s criteria. This type of selection tool is available for ETF’s; mutual funds; bonds and CD’s; and stocks. TD Ameritrade’s research tools also provide the ability to save criteria and searches and conduct preset and triggered trades based on investor-selected criteria. Another important feature with TD Ameritrade’s research tools is the ability to drill down into sectors and industries to find certain classes of equities.

An important feature of TD Ameritrade’s research tools that differentiate TD Ameritrade from other commercial brokerages is the ability to determine whether to allow a wizard to update a selection list based on new market information, or whether to maintain a static list that the investor can use as a reference. This is particularly useful for investors that engage in more frequent trading and that count on TD Ameritrade’s research tools for trade triggers. Even for occasional traders, the ability to make a screener list static or dynamic can be a useful tool to aid in effective investing.


Branch Offices

TD Ameritrade, while a popular online broker, also provides banking centers for investor customers. While the branch offices are not as numerous as the major banks (e.g., Bank of America, Chase Bank), most major markets have multiple branches. For the investor customer, this is an important additional feature and a benefit to having a TD Ameritrade brokerage account. TD Ameritrade customers can conduct transactions at a branch office as well as speak to an investment advisor about investment goals and products available. While TD Ameritrade will provide investment advice, they generally will not act as a traditional broker, recommending specific trades and acting as a discretionary fund manager. This is not generally an issue for TD Ameritrade’s customers since most customers are interested in low-cost trades and the ability to self-manage their investments.


Thinkorswim and Other Trading Tools

TD Ameritrade customers can trade using the web and mobile application interfaces by selecting a stock, bond or other tradeable equity and executing a trade. This is generally how most intermittent, casual and novice investors buy and sell equities. TD Ameritrade also offers, at no additional charge, their Thinkorswim platform, which is geared more toward the higher-volume trader or day trader. This platform will automatically trade on incremental price swings in a stock or set of stocks, and provides a significant level of detail for the investor interested in technical analysis of stocks. For investors that wish to trade in currency, Thinkorswim is a required download since the browser interface will not allow currency trades.


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Thinkorswim is not for the casual trader. This is a complex tool that includes training provided by TD Ameritrade as well as in-person seminars to help individual traders reach their trading goals with the Thinkorswim tool. Thinkorswim is a very good option for high-volume traders, margin traders and day traders that are comfortable with the complexity and risk that come with executing dozens of trades each day from an automated platform.


Open TD Ameritrade IRA

Trade free for 60 days + get up to $600.

Open TD Ameritrade Account


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