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Learn more about a SIMPLE IRA

What is a SIMPLE IRA?

A SIMPLE IRA allows small employers to contribute towards retirement for their employees and for themselves. Contributions are made directly to employee retirement accounts, which are maintained on a calendar-year basis. SIMPLE IRAs may only be established by employers with no more than 100 employees who earned $5,000 or more during the preceding calendar year.

More information on a SIMPLE IRA may be found on the IRS Website

How do I open a SIMPLE IRA?

Opening a SIMPLE IRA at TradeKing is easy. Download our SIMPLE IRA Account Application, then fax your completed application to 866-699-0563 or mail it to us here:

P.O Box 49050
Charlotte, NC 28277

Once we receive your application, it will take 1-2 business days to be processed. We will update you on your account status.

While the account is being processed, you can create a username for your account.

1) Go to and click on "Open an Account"
2) Complete only the first page of the application

What are the benefits to a TradeKing SIMPLE IRA?

Open a TradeKing SIMPLE IRA and take advantage of our low commissions at just $4.95 per equity trade. Option trades are only $4.95, plus $.65 per contract.* Access our free suite of tools, including TradeKing Live1, our streaming trading platform that allows you to manage your portfolio in real-time.

You may choose to trade basic option strategies, stocks, and more with your TradeKing SIMPLE IRA. Have questions? Give our #1-ranked customer service team** a call at 877-495-5464, or contact us by e-mail, live chat, Facebook, or Twitter. We’re here to help.

Interested in learning more about other IRA accounts? Check out the links below for more information:

Traditional IRA
Roth IRA
Rollover IRA
Rolling over a 401(k)


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