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Do you charge IRA Account Fees?

Depending on the type of IRA account that you have and where it is held, you may incur IRA fees. Place Trade passes these fees on to our clients without any additional mark-up. In addition, individual investments that are held inside of an IRA account may include their own fees and commissions will apply.

For IRA accounts held directly with Mutual Fund or Other Companies:  

Although we hold thousands of different mutual funds within our brokerage accounts, we also hold mutual funds directly with investment companies for our clients' convenience. Each company is responsible for setting their own potential commissions, fees and/or expenses which they pass directly through to you. Place Trade does not charge any additional fees for these accounts. Place Trade does not receive any part of these additional fees either.

Accounts holding individual stocks, options, ETFs, warrants, bonds or other brokerage only securities are NOT included here. Please see the next section for brokerage IRA accounts.

For IRA brokerage accounts held directly with Place Trade:  

No, Place Trade does not charge account opening fees, account closing fees, account transfer fees (ACAT), monthly, quarterly or even annual account fees. We do pass along any Required Minimum Monthly Activity that our clearing firm may charge, however, if you take advantage of our promotion we will cover these for you for at least a year.

Please note that although we do not charge the above mentioned account fees, you will incur commissionsfees and/or expenses associated with the individual investment securities, products or services held within your IRA account. Additionally, you may pay other potential account related fees, be subject to Deposit/Equity Balance minimums as well as being responsible to the IRS for taxes and/or penalties under certain circumstances.  

Accounts holding individual stocks, options, ETFs, warrants, bonds or other brokerage only securities as well as mutual funds [which are held within your brokerage account] are included here and there are no additional IRA fees for these accounts.



Please visit www.irs.gov for more information regarding taxes and penalties and speak with your personal tax advisor, CPA or tax attorney prior to making any tax related decisions. 


When considering fees please consider the overall low cost of tradingultra-low margin ratesaccess to experienced financial consultants and great customer service that you enjoy at Place Trade. We believe that we offer the lowest overall trading cost of any full service broker.  

What are SEC fees?

For information regarding fees please call us at 1-919-719-7200.