Checked 2026-10-18: stock commission, options commission, account fee, transfer out fee, margin. Issuer source . Online stocks and ETFs $0. Standard options $19.95 + $1/contract; eligible Summit clients pay less. $30 annual service fee waived with paperless delivery or qualifying balance. $50 outgoing transfer/termination. Margin available with approval. Fractional shares, crypto and paper-trading flags were not certified by this review.
Checked 2026-10-18: min deposit, account types. Issuer source . $2,500 opening minimum for taxable brokerage and $1,000 for Brokerage IRA; the data model stores the taxable-account minimum.
Checked 2026-10-18: fractional shares. Issuer source . Current broker page explicitly says stock investments include fractional shares.
This check covers only the listed fields; other figures remain subject to verification.
TR Brokerage Account Review
T. Rowe Price Brokerage T. Rowe Price
Stock trades $0 online for stocks and ETFs. Existing T. Rowe Price investors who want broader self-directed holdings.
At a Glance Stock Trades
$0 online for stocks and ETFs
Options Trades
$19.95 + $1/contract online; lower for eligible Summit clients
Research Tools
Intermediate
$
Rates & Fees Stock Trades
$0 online for stocks and ETFs
Options Trades
$19.95 + $1/contract online; lower for eligible Summit clients
Account/Inactivity Fee
$30/year, waived with paperless delivery or qualifying $50,000 household balance
Full Transfer-Out Fee
$50 account transfer out or termination
Key Features ✓ $0 online stock and ETF commissions
✓ Stocks include fractional-share investing
✓ $1,000 opening minimum for a Brokerage IRA; $2,500 for taxable
Pros & Cons ✓ Pros
Integrated access to T. Rowe Price funds Taxable and retirement brokerage accounts Annual service fee can be waived with paperless delivery – Tradeoffs
Higher options commission than most online brokers $2,500 taxable-account opening minimum $50 transfer-out fee Best for: Existing T. Rowe Price investors who want broader self-directed holdings
How to Apply 1 Decide which account type fits your goal — T. Rowe Price offers Individual, Traditional IRA, Roth IRA, and more.
2 Have your Social Security number, employment information, and a funding source (bank account or transfer) ready.
3 Open the account directly on T. Rowe Price's site or app; identity verification is required by federal law for all brokerages.
4 Fund the account with at least $2,500 to meet the minimum deposit requirement.
5 Review commission schedules and any account fees before placing your first trade.
How It Compares Current product highlighted Product Stock Trades Options Trades Min. Deposit T. Rowe Price Brokerage $0 online for stocks and ETFs $19.95 + $1/contract online; lower for eligible Summit clients $2,500 Fidelity Investments $0 $0.65/contract $0 Charles Schwab $0 $0.65/contract $0 E*TRADE $0 $0.65/contract ($0.50 for 30+ trades/qtr) $0
Fees and features shown are illustrative as of 2026 and subject to change — always confirm current terms directly with the broker before opening an account.
Free tools, real data, and expert guidance to help you make better money decisions.
Stay Updated
Get the latest market updates, tools and financial tips.
To unsubscribe, email [email protected]
© 2026 SmartRates USA. All rights reserved.
Financial Disclaimer: SmartRates tools provide estimates for informational purposes only and are not financial, tax, or legal advice. Consult a licensed advisor before making financial decisions.