TD Ameritrade

Updated June 30, 2013
TD Ameritrade

Bottom line

Named "best broker for your IRA" by Kiplinger.com and Barron's pick for long-term investing, TD Ameritrade offers over a hundred exchange-traded funds (ETFs) and hundreds of no-transaction-fee (NTF) choices for your IRA, along with 13,000 mutual fund options and no minimums or maintenance fees.

Ease of use

Simple setup via phone, online or in person. A standard account at TD Ameritrade is simple to open up online (or over the phone or in person) and there are plenty of prompts as you browse through the site. Retirement options include Traditional, Rollover, SEP, Simple and Roth IRAs. An account comes with free access to substantial research and multiple trading options: online, broker-assisted, mobile, etc. (Online trading, particularly at optimum times, can be slow, however.)

ProsExcellent research and trading tools, Nearly 2,000 commission-free funds, No minimumConsExpensive trades