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I am a 17 year old who invests regularly and has a full understanding of the stock market. I have recently begun to acquire information about starting a ROTH IRA with a discount online broker.

Some brokers will tell you that they won't open an IRA for someone under 18. (But then you may be able to open one on-line, even with the same company - I guess they don't subtract the birth date!)

Should I go to a broker like Merrill Lynch, or is it possible to open a Roth through an index fund and mutual fund company

Whichever you prefer. Since your initial balance is limited, be careful of fees, since they can eat up your money quickly.

will I be able to roll these two funds over into a brokerage account in the future?

Yes, it's not a problem. Just be sure you do a custodian-to-custodian transfer, where you don't receive the money yourself. The place you want to move your money to can tell you just what to do.

P.S. Congrats on getting started so early!!
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