IRA Closure Fees

All online brokers offer IRA accounts as one of the many account types available for clients. For any new IRA account, clients should understanding if there is a fee charged to close the account.

Many brokers will not charge clients an IRA closure fee, but some do. Also note, if you are switching online brokers, brokers often reimburse you for the transfer fee as a new account promotion. The list below breaks down all the online brokers and their according closure fees for closing your IRA account.

Published on Monday, June 27th, 2016 .

IRA Closure Fee
E*TRADE $60.00
Firstrade $50.00
Merrill Edge $49.95
OptionsHouse $60.00
Scottrade $0.00
SogoTrade $60.00
TradeKing $50.00

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