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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 rollover 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

Updated on May 30, 2024

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SoFi offers a self-directed IRA that lets you buy stocks and ETFs with no commissions and a free financial advisory service to help you meet financial goals.

TD Ameritrade offers a self-directed IRA as a well-balanced account as one of the larger providers of retirement accounts.

Find & move your old 401(k)s into your new IRA
Provider
SoFi
Self-Directed IRA
TD Ameritrade
Self-Directed IRA
Fees
SoFi
Trade stocks and ETFs commission-free and pay no SoFi management fees on professionally managed portfolios. Other fees may apply.
TD Ameritrade
$0 online trades for stocks and exchange-traded funds (ETFs)
What they invest in
SoFi
Individual stocks, ETFs, IPOs, and professionally managed portfolios
TD Ameritrade
Stocks & ETFs, Mutual Funds, Options, Futures, Bonds
Limitations
SoFi
SoFi doesn’t allow you to trade options in IRAs, although options trading is allowed in taxable accounts. It also doesn’t offer advanced technical research capabilities.
TD Ameritrade
TD's branches are concentrated in the Northeast if you like in-person service.
Human advisor available?
SoFi
Limited: some market data but no third-party research.
TD Ameritrade
Account minimums
SoFi
$1
TD Ameritrade
$0
Ease of use
SoFi
Star filledStar filledStar filledStar filledStar filled
5 stars
TD Ameritrade
Star filledStar filledStar filledStar half
3.5 stars
Rollover

Fund a SoFi IRA with a 401(k) rollover

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Fund a TD Ameritrade IRA with a 401(k) rollover

Get Started
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Find & move your old 401(k)s into your new IRA