You’re about to see some the best IRA accounts on the market.
These picks are determined using an unbiased rating system that considers everything from trading costs and fees to investment options, trading platforms, features, customer support availability and more.
In fact, I use several of these exact IRA providers to invest for my retirement.
With that, it’s time to reveal our picks of the best IRA accounts of July 2024.
Why trust Finder
We're big on editorial independence. That means our content, reviews and ratings are fair, accurate and trustworthy. We don't let advertisers or partners sway our opinions. Our financial experts put in the hard work, spending hours researching and analyzing hundreds of products based on data-driven methodologies to find the best accounts and providers for you. Explore our editorial guidelines to see how we work.
Fidelity IRA
Finder score
Why it's the best overall: For its extensive lineup of investment options, top-tier research tools and low fees.
Fidelity's undeniably one of the best brokers on the market. Its investment options are diverse and its trading tools robust — exactly what you'd expect from a full service broker. Fidelity offers mobile, web-based and desktop trading platforms, with access to top-tier research and analysis tools like advanced charts, valuation metrics and third-party research reports. It also offer beginner-friendly resources, such as trending stock lists, educational resources and 24/7 customer support. Fidelity also boasts some of the lowest back-end account fees in the industry.
Meanwhile, Fidelity offers industry-leading planning and advice resources, including both human and robo-advisor portfolio management services.
Other winning categories: Best IRA account without fees
| Minimum deposit | $0 |
|---|---|
| Retirement account types | Roth, Traditional, SEP, Rollover, Custodial |
| Annual fee | $0 |
| Minimum deposit | $0 |
|---|---|
| Retirement account types | Roth, Traditional, SEP, Rollover, Custodial |
| Annual fee | $0 |
SoFi IRA
Finder score
Why it's the best for financial guidance: For its free robo-advisor and complimentary access to certified financial planners.
SoFi Invest is one of the only brokers in the industry that offers unlimited, complimentary access to certified financial planners, a service that can cost you several hundred dollars a session. As a SoFi customer, these consultations come at no additional cost. Get unlimited access and connect with a SoFi financial planner to discuss anything from investment strategies to paying off debt to tax planning. SoFi's robo-advisor is also available with no management fees — another industry rarity. Start with as little as $1 and get a custom portfolio of low-cost ETFs, with recurring deposits and automatic rebalancing.
Meanwhile, hands-on investors can trade stocks, ETFs, mutual funds and alternative asset interval funds with a broker that makes investing approachable and professional financial guidance accessible.
| Minimum deposit | $0 |
|---|---|
| Retirement account types | Roth, Traditional, SEP, Rollover |
| Annual fee | $0 |
| IRA match | 1% |
| Minimum deposit | $0 |
|---|---|
| Retirement account types | Roth, Traditional, SEP, Rollover |
| Annual fee | $0 |
| IRA match | 1% |
Tastytrade IRA
Finder score
Why it's the best for options trading: For its access to and competitive trading fees on options, futures, options on futures, options on micro futures and smalls futures options.
Designed primarily for derivatives trading, tastytrade boasts an impressive collection of trading products in its IRAs and some of the best pricing on options and futures contracts in the industry. Stocks and ETFs are commission-free, options have no closing commissions and its trading platforms are powerful, with advanced trading, research and analysis tools, including profit and loss visualizations and a quick roll feature to roll your option position into the future.
Meanwhile, tastytrade offers a comprehensive learning center with video and live demos to help you level up your trading.
| Minimum deposit | $0 |
|---|---|
| Retirement account types | Roth, Traditional, SEP, Rollover, Beneficiary Traditional, Beneficiary Roth |
| Annual fee | $0 |
| Minimum deposit | $0 |
|---|---|
| Retirement account types | Roth, Traditional, SEP, Rollover, Beneficiary Traditional, Beneficiary Roth |
| Annual fee | $0 |
Vanguard IRA
Finder score
Why it's the best for mutual fund investing: For its low-cost approach to mutual fund investing.
One of the most trusted names in the industry, Vanguard's history dates back to when it launched its first mutual fund back in 1929. Today, Vanguard continues to stand out for its vast low-cost collection of index funds, actively managed funds, target retirement funds and environmental, social and corporate governance-focused funds.
But Vanguard also offers access to stocks, options, ETFs and bonds in its IRAs, few account fees and access to human and robo financial advisory services for those looking for additional guidance on their investments.
| Minimum deposit | $0 |
|---|---|
| Retirement account types | Roth, Traditional, SEP, Spousal, Rollover |
| Annual fee | $25 |
| Minimum deposit | $0 |
|---|---|
| Retirement account types | Roth, Traditional, SEP, Spousal, Rollover |
| Annual fee | $25 |
Interactive Brokers IRA
Finder score
Why it's the best for mobile trading: For its advanced and beginner-friendly mobile trading apps.
In addition to receiving high marks from both Apple and Android users, Interactive Brokers' (IBKR) main mobile trading platform, IBKR Mobile, offers the powerful trading tools that many brokers reserve for their web and desktop trading platforms. These include advanced, interactive charts with over 90 indicators, analyst ratings and price targets, earnings estimates, company financials and more. In other words, there's little you can't do with IBKR Mobile. What's more, Interactive Brokers offers the more beginner-friendly IBKR GlobalTrader and IMPACT mobile trading platforms for those looking for a more simplified investing experience.
IBKR Mobile is the most feature-rich mobile platform according to Finder's analysis, while IBKR GlobalTrader is a solid option for beginners. Tack on its wide range of investment options, low trading costs and access to global markets and you can see why IBKR is not only the best IRA for mobile trading but also one of the best brokerage accounts on the market.
Other winning categories: Best for international trading
| Minimum deposit | $0 |
|---|---|
| Retirement account types | Roth, Traditional, SEP, Rollover |
| Minimum deposit | $0 |
|---|---|
| Retirement account types | Roth, Traditional, SEP, Rollover |
Robinhood Retirement
Finder score
Why it's the best for beginners: For its commission-free trades, 24/7 customer support and user-friendly trading platform.
It wasn't just its offering of commission-free trades that led Robinhood to transform the way people buy and sell stocks over the past decade but also its beginner-friendly mobile app with its intuitive design and agile interface, which simplified investing for the masses. Nothing's changed on that front. IRAs that pay matching contributions and 24/5 trading are just some of the upgrades Robinhood's made since first launching.
Robinhood's launch of its IRA matching contributions is yet another innovative product that keeps it steps ahead of other brokers. Earn up to a 3% match on annual contributions with Robinhood Gold — or 1% without — while all IRA transfers and 401(k) rollovers earn 1%, with no cap. All this on top of fractional share trading, 100% commission-free trades for stocks, ETFs and options, instant deposits and a user-friendly platform that makes investing a breeze. Robinhood has lots to offer investors looking to build a retirement portfolio, and it'll reward you for making the move.
| Minimum deposit | $0 |
|---|---|
| Retirement account types | Roth, Traditional, Rollover |
| Annual fee | $0 |
| IRA match | Up to 3% |
| Minimum deposit | $0 |
|---|---|
| Retirement account types | Roth, Traditional, Rollover |
| Annual fee | $0 |
| IRA match | Up to 3% |
Betterment
Finder score
Why it's the best for hands-off investors: For its diverse portfolio mix, access to human financial advisors and robo-specific features like tax-loss harvesting and automatic dividend reinvestment.
Betterment introduced the world to robo-advisors when it first launched onto the scene in 2010 with its automated portfolios of stocks and bonds, and it's been at the top of the robo-advisory service pack ever since. Today, Betterment's refined automated investing platform includes numerous curated portfolio options, a high-yield cash account and access to a human advisor, which has helped it rack up over 800,000 customers and more than $40 billion in assets under management.
| Minimum deposit | $10 |
|---|---|
| Retirement account types | Roth, Traditional, SEP, Rollover, Inherited |
| Minimum deposit | $10 |
|---|---|
| Retirement account types | Roth, Traditional, SEP, Rollover, Inherited |
E*TRADE IRA
Finder score
Why it's the best custodial IRA account: For its access to low-cost custodial IRAs.
Minors and young adults needn't look further than E*TRADE to get started investing for the later years in life. Pioneer of online trading, E*TRADE offers one of the most diverse lineups of IRA account types among brokers we review. Six IRA types in total, including custodial IRAs
While an adult is required to manage the account, E*TRADE's IRA for minors offers traditional and Roth IRAs for children under 18 years old with earned income. No annual IRA fees, no account minimums, just access to a wide range of investment choices, including commission-free stocks, options and ETFs.
| Minimum deposit | $0 |
|---|---|
| Retirement account types | Roth, Traditional, Rollover, Beneficiary Traditional |
| Annual fee | $0 |
| Minimum deposit | $0 |
|---|---|
| Retirement account types | Roth, Traditional, Rollover, Beneficiary Traditional |
| Annual fee | $0 |
Charles Schwab
Finder score
Why it's the best for research tools: For its advanced research and analysis tools and premium third-party research reports.
Newcomer investing apps may have the edge in terms of offering a more enhanced user experience, but traditional brokers like Schwab sweep the floor with these apps when it comes to the breadth of investment options, access to expert guidance and, for self-guided investors, extensiveness of research tools.
There's Schwab Equity Ratings, MSCI ESG ratings, Morningstar ratings, Thomson Reuters ratings, CFRA ratings, Argus ratings and MarketEdge ratings. There's premium analyst reports, screeners, market news and stock lists. There's dividend history and growth statistics, expected and historical earnings information, a peer and ratios comparison, detailed company financials and time-saving technical analysis summaries. In other worse, an IRA with one of the nation's largest investment services firms may just be what you need if research plays a big role in your investment strategy.
| Minimum deposit | $0 |
|---|---|
| Retirement account types | Roth, Traditional, SEP, Rollover, Custodial, SIMPLE |
| Annual fee | $0 |
| Minimum deposit | $0 |
|---|---|
| Retirement account types | Roth, Traditional, SEP, Rollover, Custodial, SIMPLE |
| Annual fee | $0 |
Paid non-client promotion. Finder does not invest money with providers on this page. If a brand is a referral partner, we're paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Learn more about how we make money.
Finder is not an advisor or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.
Finder’s investments experts review 18 brokers available on the market to narrow down the best IRAs for trading and investing.
We analyze each platform based on 147 key metrics we collect directly from brokers and assess each provider’s performance based on eight different categories, weighing each metric based on the expertise and insights of Finder’s investment experts. We then score and rank each provider depending on how it performs in each category. If a broker offers a unique, standout feature that’s a key distinguisher between others, the broker is given additional recognition.
How we weigh the overall rating
| Category | Weighting |
|---|---|
| Investment options | 25% |
| Trading platforms and technology | 15% |
| Trading costs | 10% |
| Account fees | 10% |
| Account types and minimums | 5% |
| Customer support | 10% |
| Mobile app ratings and security | 2.5% |
| Features and amenities | 20% |
| IRA match | 2.5% |
We update our best picks as products change, disappear or emerge in the market. We also regularly review and revise our selections to ensure our best provider lists reflect the most competitive available.
Opening an IRA isn’t much different than opening a brokerage account or bank account. With most providers, you can open an IRA online in minutes.
Choose a broker or robo-advisor, and complete a brief application by providing personal information such as your name, address, date of birth and Social Security number. Completed applications are typically approved instantly, though the broker may take a couple days to verify your information. Then, connect a bank account to fund your account or roll over an old 401(k).
Finder’s picks for the best IRA accounts are meant to provide you with a starting point for finding the right broker for your retirement. That said, it’s important to consider your personal preference and individual investing goals too.
Consider the following factors when comparing your options:
Before you open an IRA, you may want to consider the differences between traditional and Roth IRAs.
The main difference is how they’re taxed: Contributions to traditional IRAs are tax-deductible, but distributions in retirement are taxed. Roth IRAs, on the other hand, allow tax-free distributions in retirement, but you need to pay taxes when you make your contributions.
If you’re saving and building up gains in the account for a long time and think you’ll be in a higher tax bracket when you leave the workforce, a Roth may be a better option. But if a tax deduction in the year in which you made the contribution is more important, then a traditional IRA may be more suitable. Alternatively, open a traditional IRA and a Roth IRA, if you’re eligibile, for a choice of taxable or tax-free contributions and income when you retire. You can’t contribute more than the total contribution limit for that tax year to all your IRAs, and Roth IRAs have specific income limits you need to meet to qualify to open an account.
What Bob suggests for long-term investors:
In theory, it makes sense to contribute more to a Roth IRA now if you think income tax rates will go up in the future, as you pay taxes now and not later. In reality, we can't reliably predict what will happen with income tax rates in the future. But a Roth may still be better because you don't pay taxes on investment earnings. We can't say the same for traditional IRAs.
— Bob Haegele, Personal finance writer and expert
Investing through an IRA up to the $7,000 ($8,000 if you’re age 50 or older) limit in 2024 can help grow your retirement savings at a potentially quicker pace than if you were to invest that same $7,000 in a taxable brokerage account. That’s because IRA contributions and earnings grow tax-free or tax-deferred and you can enjoy tax-deductions or tax-free withdrawals in retirement, depending on which IRA type you go with — traditional IRA or Roth IRA. Plus, trade most assets in an IRA just as you would in an individual brokerage account.
But not all Americans who buy stocks do it through one of these accounts, Finder’s Consumer Confidence Index shows. Of Americans that invest in stocks, 45% trade and invest through a taxable brokerage account. Only 25% invest through an IRA and take advantage of these valuable tax benefits, while 21% have no IRA at all.
Ultimately, it’s up to you to decide which IRA type is best for you. A traditional IRA might be best if you want an immediate tax break and want to postpone paying taxes on your money until you’re in retirement. A Roth IRA might be best if you want you’re money to grow tax-free and want tax-free withdrawals in retirement.
Unfortunately, no IRA will let you avoid taxes. You’ll have to decide whether you want to pay taxes now or in retirement.
Choosing the best investments for your IRA account depends on your risk tolerance and how close you are to retirement. For those with a higher risk tolerance, you may choose to invest in stocks in the volatile tech sector, whereas those with a lower risk tolerance might choose to invest in fixed income (bonds) or less volatile dividend stocks and ETFs.
If you don’t want to have to think too deeply about how to invest in your IRA, you may want to open an IRA with a bank or platform that offers a robo-advisory service — or a service that selects assets for you to invest in and automatically rebalances your portfolio according to your risk tolerance.
Banks, registered brokers and other financial institutions that are IRS-approved typically provide the safest place to put an IRA. If you hold an IRA at an FDIC-insured bank, any bank deposit products in your IRA, such as a certificate of deposit, is insured up to $250,000 in the event the bank goes under. Meanwhile, SIPC-registered brokers insure customers up to $500,000 in cash and securities per account.
The best way to fund an IRA is by cash, check or online transfer from your bank. If you have an IRA at another financial institution, you can also roll over your funds into a new IRA.
Paid non-client promotion. Finder does not invest money with providers on this page. If a brand is a referral partner, we're paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Learn more about how we make money.
Finder is not an advisor or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.
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