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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 might receive no compensation in these situations—because it’s just the right thing to do!

SoFi Active IRA vs TD Ameritrade IRA

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SoFi Active is a great option if you want a one-stop-shop that lets you buy stocks and ETFs with no commissions—or lets SoFi manage your money for you with no SoFi management fees.

Consider TD Ameritrade if you want a well-balanced account at a large provider of retirement accounts with a Northeastern branch footprint.

SoFi

SoFi

Self-Directed

Open an Account
Best if you want
A one-stop-shop that lets you buy stocks and ETFs with no commissions—or lets SoFi manage your money for you with no SoFi management fees.
Fees
Trade stocks and ETFs commission-free and pay no SoFi management fees on professionally-managed portfolios. Other fees may apply.
What they invest in
Individual stocks, ETFs, IPOs, and professionally managed portfolios
Limitations
SoFi doesn’t allow you to trade options in IRAs (although it is allowed in taxable accounts) and doesn’t offer advanced technical research capabilities
Human advisor available?
Account Minimums
$1
Ease of Use
Star filledStar filledStar filledStar filledStar filled
5 stars
Customer Support
Online and call center access.
Additional Info

Read our full review

Learn more about SoFi

TD Ameritrade

TD Ameritrade

Self-Directed

Open an Account
Best if you want
A well-balanced account at a large provider of retirement accounts with a Northeastern branch footprint.
Fees
0%
What they invest in
Stocks & ETFs, Mutual Funds, Options, Futures, Bonds
Limitations
TD's branches are concentrated in the Northeast if you like in-person service.
Human advisor available?
Account Minimums
$0
Ease of Use
Star filledStar filledStar filledStar half
3.5 stars
Customer Support
Good mix of call centers, online help and over 250 branches.
Additional Info

Read our full review

Learn more about TD Ameritrade

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