A WellsTrade account opened online comes with Brokerage Cash Services, which give you convenient money-movement such as online money transfers between your Wells Fargo accounts and mobile check deposits using your smartphone 1. You can also visit the tellers at Wells Fargo branches and make deposits, which are processed through an associated limited-purpose Wells Fargo Bank account in your name.
Call us at 1-866-648-9423
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Features: |
Standard
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Traditional
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Roth
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|---|---|---|---|
| Trade Stocks, ETFs, no-load mutual funds, bonds and more. Option trading and margin investing available |
Standard Account Yes |
Traditional IRA Yes |
Roth IRA Yes |
| Maintain your investments with robust tools and resources |
Standard Account Yes |
Traditional IRA Yes |
Roth IRA Yes |
| Potential investment earnings grow tax-advantaged |
Standard Account No |
Traditional IRA Yes |
Roth IRA Yes |
| Contributions may be tax-deductible IRA Contribution Calculator |
Standard Account No |
Traiditional IRA Yes |
Roth IRA No |
| Rollover/consolidate Traditional IRAs and 401(k)s, 403(b)s, and governmental 457(b)s |
Standard Account No |
Traditional IRA Yes |
Roth IRA No |
| Rollover/consolidate Roth IRAs and designated Roth accounts |
Standard Account No |
Traditional IRA Yes |
Roth IRA No |
| Tax-free qualified distributions2 |
Standard Account No |
Traditional IRA No |
Roth IRA Yes |
| Access to your contributions anytime, tax-free |
Standard Account No |
Traditional IRA No |
Roth IRA Yes |
| For the complete information on fees and commissions, refer to the WellsTrade Account Commissions and Fees Schedule. The schedule is subject to change at any time. | |||
| Explore WellsTrade | Compare Traditional and Roth IRAs |
1. Availability may be affected by your mobile device’s coverage area. Mobile deposit not available on all platforms. Mobile Deposit is supported on iPhone® and iPad® running iOS 8.0+, Android mobile devices running OS 4.4+ and Windows Phone 10. Your mobile carrier’s message and data rates may apply.
2. Qualified distributions, which are tax-free and not included in gross income, occur when your Roth IRA has been open for more than five years and you are at least age 59½, or you are disabled, or you are using the first-time homebuyer exception, or the payment is made to your beneficiary due to your death.
Margin borrowing may not be appropriate for all investors. When you use margin, you are subject to a high degree of risk.
Options involve risk and are not appropriate for all investors. Before opening an option position, a person must receive a copy of “Characteristics and Risks of Standardized Options.” This document is available from the Options Clearing Corporation, 125 S. Franklin Street, Suite 1200, Chicago, Illinois 60606. Please read it carefully before investing.
Please keep in mind that rolling over your qualified employer sponsored retirement plan (QRP) assets to an IRA is just one option. Each option has advantages and disadvantages, and the one that is best depends on your individual circumstances. You should consider features such as investment options, fees and expenses, and services offered. Investing and maintaining assets in an IRA will generally involve higher costs than those associated with a QRP. We recommend you consult with your plan administrator before making any decisions regarding your retirement assets.
