Capitalize was named a TIME Best Invention 2021! Read More
×
 
Partnership Disclosure
We might be compensated by one of our IRA partners for an account you open through our platform. This helps us keep the service free, but it never impacts the fees you’ll pay on your new account. We only win if you do, and our job is to help you simplify your retirement accounts. We also help people who already have an IRA account even though we receive no compensation in these situations—because it’s just the right thing to do!

The Best Self-Directed Rollover IRAs

Pick one of these rollover IRAs if you’re an active investor.

Key Takeaways

  • You’ll want a self-directed IRA if you prefer full control over what your retirement assets are invested in.
  • Some of the biggest brand names in finance like Fidelity, Vanguard, Schwab and E-Trade offer good options.
  • Newer tech-driven companies like SoFi and Ally also offer easy-to-use self-directed IRAs.
  • Commissions for online trades have recently been cut across the board making it cheaper to manage your own money.

The best self-directed IRAs

Ally logo
Commissions: $0 online trades for stocks and exchange-traded funds (ETFs)
Invest in: Stocks & ETFs, Mutual Funds, Options, Bonds
Limitations: Ally has some great tools for traders (charts and screeners) but a little less third-party research.
Access to Research: Good: market data and some third-party research on stocks (e.g. Morningstar, CFRA).
AltoIRA logo
Commissions: Crypto IRA: 1.5% Trade Fee for all transactions; No Custody or Account Fees
Alto IRA: $10/month for Starter and $25/month for Pro, and $10-75 fee per private investment
Invest in: Cryptocurrency and Crypto Funds, Securitized Collectibles, Cannabis, Real Estate, Crowdfunding, Private Credit, Private Equity, Pre-IPO Stocks and funds, Private High Yield Offerings, Venture Capital, and more.
Limitations: Standard restrictions on alternative investments apply; in addition, you cannot currently invest in publicly traded assets like stocks and bonds.
Access to Research: Good: access to research on private investments through Alto partners like AngelList and Forge.
E-Trade logo
Commissions: $0 online trades for stocks and exchange-traded funds (ETFs)
Invest in: Stocks & ETFs, Mutual Funds, Options, Futures, Bonds
Limitations: The E*TRADE website has more functions than many brokers, so it can take a bit to get the hang of.
Access to Research: Good: market data and some third-party research on stocks, mutual funds & markets (e.g. Thomson Reuters, Credit Suisse, Argus).
Fidelity logo
Commissions: $0 online trades for stocks and exchange-traded funds (ETFs)
Invest in: Stocks & ETFs, Mutual Funds, Options, Bonds
Limitations: Fidelity's fees on money market mutual funds (where you can put extra cash in your account) are a little higher than some peers.
Access to Research: Good: access to market data and reports from third-party research providers (e.g. Argus, CFRA).
Merrill Lynch logo
Commissions: $0 online trades for stocks and exchange-traded funds (ETFs)
Invest in: Stocks & ETFs, Mutual Funds, Options, Bonds
Limitations: Some extra benefits (e.g. fee discounts) are reserved for Bank of America customers.
Access to Research: Good: access to extensive Bank of America research and some third-party research.
Charles Schwab logo
Commissions: $0 online trades for stocks and exchange-traded funds (ETFs)
Invest in: Stocks & ETFs, Mutual Funds, Options, Futures, Bonds
Limitations: You might earn a slightly lower return on extra cash in your account - Schwab's default interest rate is lower than peers.
Access to Research: Good: market data and some third-party research on stocks, mutual funds & markets (e.g. Morningstar, Credit Suisse, Argus).
SoFi logo
Commissions: $0 online trades for stocks and exchange-traded funds (ETFs)
Invest in: Stocks & ETFs, IPOs, Crypto
Limitations: Limited access to research and trading tools and no options trading.
Access to Research: Limited: some market data but no third-party research.
TD Ameritrade logo
Commissions: $0 online trades for stocks and exchange-traded funds (ETFs)
Invest in: Stocks & ETFs, Mutual Funds, Options, Futures, Bonds
Limitations: TD's branches are concentrated in the Northeast if you like in-person service.
Access to Research: Good: market data and some third-party research on stocks, mutual funds & markets (e.g. Morningstar, CFRA).
Tradestation logo
Commissions: $0 online trades for stocks and exchange-traded funds (ETFs)
Invest in: Stocks & ETFs, Mutual Funds, Options, Futures, Crypto, Bonds
Limitations: Might be a little heavy-duty for inexperienced traders.
Access to Research: Good: lots of data and charting tools, less access to fundamental third-party research.
Vanguard logo
Commissions: $0 online trades for stocks and exchange-traded funds (ETFs)
Invest in: Stocks & ETFs, Mutual Funds, Options
Limitations: Vanguard's platform is limited if you want to trade things other than ETFs and some Vanguard funds have high minimums.
Access to Research: Limited: some market data but not much third-party research.
Not sure where your old 401(k) is? We can help with that.
Don’t lose track of your money. We’ll help you choose a new retirement account, and handle the paperwork, for free.