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  • Use the table below to compare the features of the three types of Brokerage accounts T. Rowe Price offers.

    Regular Accounts
      Brokerage Brokerage Advantage
    Description Standard Investment account Premium Relationship account
    Summary Designed for clients investing in individual securities and mutual funds Designed for investors who seek to manage all of their investments through a single account. Identically registered T. Rowe Price funds are automatically transferred into your Brokerage Advantage account, putting all of your investments into one easy-to-manage account with a single login and password for quick Web access.
    Minimum Initial Investment $2,500 $10,000
    Primary Features    
    Mutual Fund GatewaySM Yes Yes
    Access to Research and Information Yes Yes
    Consolidated Statement Yes Yes
    Margin and Options Trading Available* Yes Yes
    T.Rowe Price Funds Held in Account No Yes
    Cash Management    
    Checkwriting $500 per check minimum No per check minimum
    Visa Gold ATM and Debit/Check Card No Yes
    Secured Credit Line** No Yes
    One-step exchange between T. Rowe Price funds and other fund families No Yes
    Commission Rates for Stocks and ETFs    
    Web $9.95 per trade for accounts with more than 30 executed trades in the prior 12 months or customers who qualify for T. Rowe Price Preferred, Personal, or Enhanced Personal Services.
    $19.95 per trade for all other accounts.
    $9.95 per trade for accounts with more than 30 executed trades in the prior 12 months or customers who qualify for T. Rowe Price Preferred, Personal, or Enhanced Personal Services.
    $19.95 per trade for all other accounts.
    Representative See commission schedule See commission schedule
    Tele-Trader $35.00*** $35.00***
    Minimum Investments for Non-T.Rowe Price Funds****    
    Initial $5,000 $5,000
    Subsequent $1,000 $1,000
    Systematic $100 $100
    Annual Account Fees $30 fee is waived for:
    • T. Rowe Price customers who qualify for Preferred, Personal, or Enhanced Personal Services; OR
    • Brokerage accounts in which five or more commission-generating trades are executed over the previous 12-month period; OR
    • Brokerage customers who hold $50,000 or more in T. Rowe Price mutual funds.
    $30 fee is waived for:
    • T. Rowe Price customers who qualify for Preferred, Personal, or Enhanced Personal Services; OR
    • Brokerage accounts in which five or more commission-generating trades are executed over the previous 12-month period; OR
    • Brokerage customers who hold $50,000 or more in T. Rowe Price mutual funds; OR
    • Brokerage Advantage customers subject to the $40 cash management service fee.
    $40 cash management service fee
    Annual service fee will be charged in the anniversary month for Brokerage Advantage accounts that have activated the debit card or checkwriting services.
    *Margin and options trading involve greater risk and are not suitable for all investors.

    **Secured credit line for checking and Visa Gold ATM and Check Card. Available for customers who have been approved for a margin account. Margin trading is available for standard Brokerage accounts; however, it does not provide secured credit for cash management features. Margin trading involves greater risk and is not suitable for all investors.

    ***Per trade for up to 1,000 shares, plus $.02 per share thereafter.

    ****Or fund minimums, whichever is higher. Minimum initial investment must be met before a systematic investment program can be established.

    IRA Accounts
      Brokerage IRA
    Description Standard investment retirement account
    Summary Designed for clients investing in individual securities and mutual funds
    Minimum Initial Investment $1,000
    Primary Features  
    Individual Security Trading Yes
    Mutual Fund GatewaySM Yes
    Access to Research and Information Yes
    Consolidated Statement Yes
    Options Trading Available* Yes
    T. Rowe Price Funds Held in Account No
    Commission Rates for Stocks and ETFs  
    Web $9.95 per trade for accounts with more than 30 executed trades in the prior 12 months or for customers who qualify for T. Rowe Price Preferred, Personal, or Enhanced Personal Services**
    $19.95 per trade for all other accounts.
    Representative-Assisted See commission schedule
    Tele-Trader $35.00***
    Minimum Investments for Non-T. Rowe Price Funds***  
    Initial $1,000
    Subsequent $500
    Systematic $100
    Annual Account Fees $30 fee is waived for:
    • T. Rowe Price customers who qualify for Preferred, Personal, or Enhanced Personal Services; OR
    • Brokerage accounts in which five or more commission-generating trades are executed over the previous 12-month period; OR
    • Brokerage customers who hold $50,000 or more in T. Rowe Price mutual funds.
    *Limited availability and subject to approval by T. Rowe Price Investment Services, Inc.

    **For more information, please see our Select Client Services page.

    ***$35.00 per trade for up to 1,000 shares, plus $.02 per share thereafter.

    ****Or fund minimums, whichever is higher. Minimum initial investment must be met before a systematic investment program can be established.

    T. Rowe Price Brokerage is a division of T. Rowe Price Investment Services, Inc., member FINRA/SIPC. Brokerage accounts are carried by Pershing LLC, a BNY Mellon company, member NYSE/FINRA/SIPC.