- $0 commission stocks and ETFs and competitive options trading fees
- Trade stocks, ETFs, options, futures, future options and micro futures
- Pro-grade trading platform with cutting-edge risk analysis tools
You’re about to see some the best Roth 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 Roth IRA providers to invest for my retirement.
With that, it’s time to reveal our picks of the best Roth IRA accounts.
Our top picks for Roth IRA accounts
- Get 1%–3% match on contributions, IRA transfers and 401(k) rollovers
- Choose your investments or get a recommended portfolio of ETFs
- Get bigger instant deposits, professional research and more with Robinhood Gold
- 1% match on IRA contributions and 401(k) rollovers
- $0 annual fee and no options contract fees
- Robo-advisor and financial planning sessions
- Access private credit, venture capital and other alternative asset funds
9 best Roth IRA accounts
- Best overall: Fidelity Invest
- Best for options trading: tastytrade
- Best for financial guidance: SoFi Invest
- Best for mutual fund investing: Vanguard
- Best for mobile trading: Interactive Brokers
- Best for beginners: Robinhood
- Best for hands-off investors: Betterment
- Best for custodial Roth IRA accounts: E*TRADE
- Best for research tools: Charles Schwab
Why trust Finder
- 15+ online brokers reviewed and rated by our team of experts
- Evaluated under our unbiased rating system covering eight categories
- 20+ years of combined experience covering financial topics
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.
Best overall
Fidelity IRA
Finder score
For its extensive lineup of investment options, top-tier research tools and low fees.
Key features
- Diverse investment options, including cryptocurrency
- Top-tier research and analysis tools like advanced charts, valuation metrics and third-party research reports
- Mobile, web-based and desktop trading platforms
- Beginner-friendly resources, such as trending stock lists, educational resources and 24/7 customer support
- Some of the lowest account fees in the industry
- Planning and advice resources, including both human and automated portfolio management services
Other winning categories: Best Roth IRA account without fees
Minimum deposit | $0 |
---|---|
Retirement account types | Roth, Traditional, SEP, Rollover, Custodial |
Annual fee | $0 per year |
Minimum deposit | $0 |
---|---|
Retirement account types | Roth, Traditional, SEP, Rollover, Custodial |
Annual fee | $0 per year |
Best for options trading
Tastytrade IRA
Finder score
For its access to and competitive trading fees on options, futures, options on futures, options on micro futures and smalls futures options.
Key features
- Impressive collection of trading products in its IRAs
- Some of the best pricing on options and futures contracts in the industry
- No closing commissions on options
- Advanced trading, research and analysis tools, including profit and loss visualizations and a quick roll feature to roll your option position into the future
- 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 per year |
IRA match | N/A |
Minimum deposit | $0 |
---|---|
Retirement account types | Roth, Traditional, SEP, Rollover, Beneficiary Traditional, Beneficiary Roth |
Annual fee | $0 per year |
IRA match | N/A |
Best for financial guidance
SoFi IRA
Finder score
For access to robo-advisors for a small annual fee and complimentary access to certified financial planners.
Key features
- Complimentary access to certified financial planners — an industry rarity
- Discuss anything from investment strategies to paying off debt to tax planning
- Access to robo advisors for a 0.25% annual fee
Minimum deposit | $0 |
---|---|
Retirement account types | Roth, Traditional, SEP, Rollover |
Annual fee | $0 per month |
IRA match | 1% |
Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees.
Investing in alternative investments and/or strategies may not be suitable for all investors and involves unique risks, including the risk of loss. An investor should consider their individual circumstances and any investment information, such as a prospectus, prior to investing. Interval Funds are illiquid instruments, the ability to trade on your timeline may be restricted. Brokerage and Active investing products offered through SoFi Securities LLC, Member FINRA(www.finra.org) /SIPC(www.sipc.org).
There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event.
Options involve risks, including substantial risk of loss and the possibility an investor may lose the entire investment Before trading options please review the Characteristics and Risks of Standardized Options
Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser.
Utilizing a margin loan is generally considered more appropriate for experienced investors as there are additional costs and risks associated. It is possible to lose more than your initial investment when using margin. Please see https://www.sofi.com/wealth/assets/documents/brokerage-margin-disclosure-statement.pdf for detailed disclosure information
Probability of Member receiving $1,000 is a probability of 0.028%
Terms and conditions apply. Roll over a minimum of $20K to receive the 1% match offer. Matches on contributions are made up to the annual limits.
For full promotion terms please visit: https://www.sofi.com/acatoffer. SoFi does not accept cryptocurrencies and has limitations on some mutual funds and OTC stocks. Brokerage and Active Investing Products offered by SoFi Securities, LLC, Member FINRA/SIPC.
Minimum deposit | $0 |
---|---|
Retirement account types | Roth, Traditional, SEP, Rollover |
Annual fee | $0 per month |
IRA match | 1% |
Best for mutual fund investing
Vanguard IRA
Finder score
For its low-cost approach to mutual fund investing.
Key features
- One of the most trusted names in the industry
- Vast low-cost collection of index funds, actively managed funds, target retirement funds and environmental, social and corporate governance-focused funds
- Access stocks, options, ETFs and bonds in its IRAs
- Access human and automated financial advisory services
Minimum deposit | $0 |
---|---|
Retirement account types | Roth, Traditional, SEP, Spousal, Rollover |
Annual fee | $25 per month |
Minimum deposit | $0 |
---|---|
Retirement account types | Roth, Traditional, SEP, Spousal, Rollover |
Annual fee | $25 per month |
Best for mobile trading
Interactive Brokers IRA
Finder score
For its advanced and beginner-friendly mobile trading apps.
Key features
- Advanced, interactive charts with over 90 indicators, analyst ratings and price targets, earnings estimates, company financials and more on IBKR Mobile
- Beginner-friendly trading and investing on its IBKR GlobalTrader and IMPACT mobile trading platforms
- Wide range of investment options
- Access to global markets
Other winning categories: Best for international trading
Minimum deposit | $0 |
---|---|
Retirement account types | Roth, Traditional, SEP, Rollover |
Annual fee | $0 per year |
Minimum deposit | $0 |
---|---|
Retirement account types | Roth, Traditional, SEP, Rollover |
Annual fee | $0 per year |
Best for beginners
Robinhood Retirement
Finder score
For its commission-free trades, 24/7 customer support and user-friendly trading platform.
Key features
- Pioneered commission-free trading
- Beginner-friendly mobile app with an intuitive design and agile interface
- Earn a 3% IRA contribution match with Robinhood Gold, 1% without
- Earn a 1% match on all IRA transfers and 401(k) rollovers, with or without Robinhood Gold
- 24/5 trading
- 100% commission-free trades for stocks, ETFs and options, with no options contract fees
Minimum deposit | $0 |
---|---|
Retirement account types | Roth, Traditional, Rollover |
Annual fee | $0 per month |
IRA match | Up to 3% |
Minimum deposit | $0 |
---|---|
Retirement account types | Roth, Traditional, Rollover |
Annual fee | $0 per month |
IRA match | Up to 3% |
Best for hands-off investors
Betterment
Finder score
Minimum deposit | $10 |
---|---|
Retirement account types | Roth, Traditional, SEP, Rollover, Inherited |
Annual fee | 0.25% on balances up to $99,999 0.4% on balances of $100,000+ |
Minimum deposit | $10 |
---|---|
Retirement account types | Roth, Traditional, SEP, Rollover, Inherited |
Annual fee | 0.25% on balances up to $99,999 0.4% on balances of $100,000+ |
Best custodial Roth IRA account
E*TRADE IRA
Finder score
For its access to low-cost custodial Roth IRAs.
Key features
- Traditional and Roth IRAs for children under 18 years old with earned income
- No annual IRA fees
- No account minimums
- Wide range of investment choices, including stocks, options, ETF, bonds and mutual funds
- Automated investment management with Core Portfolios
Minimum deposit | $0 |
---|---|
Retirement account types | Roth, Traditional, Rollover, Beneficiary Traditional |
Annual fee | $0 per year |
Minimum deposit | $0 |
---|---|
Retirement account types | Roth, Traditional, Rollover, Beneficiary Traditional |
Annual fee | $0 per year |
Best for research tools
Charles Schwab
Finder score
For its advanced research and analysis tools and premium third-party research reports.
Key features
- Extensive research tools, including Schwab Equity Ratings, MSCI ESG ratings, Morningstar ratings, Thomson Reuters ratings, CFRA ratings, Argus ratings and MarketEdge ratings
- Premium analyst reports, screeners, market news and stock lists
- Dividend history and growth statistics, expected and historical earnings information, a peer and ratios comparison, detailed company financials and time-saving technical analysis summaries
Minimum deposit | $0 |
---|---|
Retirement account types | Roth, Traditional, SEP, Rollover, Custodial, SIMPLE |
Annual fee | $0 per month |
Minimum deposit | $0 |
---|---|
Retirement account types | Roth, Traditional, SEP, Rollover, Custodial, SIMPLE |
Annual fee | $0 per month |
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.
Methodology: How we choose the best Roth IRA accounts
Finder’s investments experts review 18 brokers available on the market to narrow down the best Roth 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.
How do I open a Roth IRA?
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 rollover an old 401(k).
What to look for when choosing the best Roth IRA account
Finder’s picks for the best Roth 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:
- Fees. From trading fees to miscellaneous fees, it’s important to understand the cost to trade and invest. Consider which investment products you plan to trade and the fees that apply, but also be mindful of any back-end fees, such as inactivity or transfer fees, that can also eat into your profit.
- Tradable assets. Not every IRA custodian offers the same investment options in an IRA as it does in an individual brokerage account. Stocks and ETFs are standard, but what if you want to expand into options, mutual funds or bonds?
- Account types. What other account types, in addition to IRAs, does the custodian offer? Consider your other investment needs and how important it is to maintain all your accounts under one roof.
- Research and data tools. In-house research and tools simplify investing, as you don’t have to venture elsewhere to make an informed decision about an investment. If you’re a passive index investor, extensive research and analysis tools may not matter all that much. Active stock pickers may feel otherwise.
- Mobile app reviews. Mobile trading is more popular than ever, allowing you to trade and invest from anywhere. Check out what current or previous customers say about the platform’s functionality.
- Signup bonus. While it may not make sense to choose an IRA custodian solely based on whether or not they offer a signup bonus, a new customer incentive such as a free stock may be enough to help you choose one over another if all else is equal.
Roth vs. traditional IRA: What’s the difference?
Before you choose, you may want to give some thought to what the differences between traditional and Roth IRAs are. The main difference is how they’re taxed: Contributions to traditional IRAs are tax-deductible, but distributions are taxed. Roth IRAs allow tax-free distributions, but you’ll pay taxes on your contributions and not distributions. If you’re saving and building up gains in the account for a long time, a Roth may give you more in the end.
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 thinks about where to hold your Roth IRA:
When choosing where to hold your Roth IRA, one thing you might consider is whether you want to invest in mutual funds. You can generally only buy a mutual fund from its home provider – at least if you want to avoid fees. For example, Fidelity's FZROX is a total stock market mutual fund with a 0.00% expense ratio. If you want to buy this fund, you buy it directly from Fidelity. The same is true for other popular mutual funds.
— Bob Haegele, Personal finance writer and expert
Why invest in an IRA?
An IRA is a fundamental account for retirement savers. Trade most assets just as you would in an individual brokerage account but enjoy valuable tax benefits as you do so — benefits like tax-free or tax-deferred growth on the contributions and investment earnings in your account and tax-deductions or tax-free withdrawals in retirement. Invest up to $7,000 ($8,000 if you’re age 50 or older) in one of these accounts in 2024 and let the tax benefits boost your savings to potentially grow more quickly than in a taxable account.
But according to Finder’s Consumer Confidence Index, not all Americans who buy stocks do it through one of these accounts. 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.
Compare and find the broker that's right for you
Match your experience level with your trading and investing goals to find the right broker for you.If you're a | And want to | Consider this |
---|---|---|
Beginner investor | Do most or all of your trading on your mobile device | Best stock trading apps |
Beginner investor | Trade and invest with as few fees as possible | Best discount stock brokers |
Beginner investor | Outsource portfolio management automatically and at a low cost | Best robo-advisors |
Beginner investor | Gain exposure to multiple assets like stocks, bonds or gold through a single fund | Best ETF brokers |
Experienced investor | Get an overall idea of providers on the market and what they're best for | Best brokerage accounts |
Experienced investor | Invest internationally in stocks, ETFs and other assets | Best international stock brokers |
Retirement saver of any experience level | Save for retirement with upfront tax benefits | Best (traditional) IRA |
Retirement saver of any experience level | Save for retirement and enjoy tax-free withdrawals | Best Roth IRA |
Investor of any experience level | Diversify with low-cost index funds | Best brokerage accounts for index funds 2024 |
Frequently asked questions
Which company is best for a Roth IRA?
If you’re a beginner looking to open a Roth IRA, platforms like SoFi Invest and Robinhood make it incredibly easy to start investing and may be the best platforms with which to start a Roth IRA. Meanwhile, big-broker platforms like Fidelity and Charles Schwab offer the most flexibility in terms of investment options and trading tools.
Is a Fidelity Roth IRA good?
A Fidelity Roth IRA is a great choice if you want an account with one of the largest US brokerage firms, with low fees and access to a range of investment options.
What is the safest Roth IRA investment?
More conservative investments include US Treasuries, municipal bonds, money market funds, low-risk dividend-yield stocks, CDs, mutual funds and other index funds.
What is the 5-year rule for Roth IRAs?
You can withdraw your original Roth IRA contributions at any time; however, you must own the account for at least five years before your earnings can be distributed tax-free. Earnings withdrawn before the age of 59 and a half are subject to a 10% penalty.
How much will a Roth IRA grow in 20 years?
How much a Roth IRA will grow in 20 years depends on the initial balance, ongoing contributions and the types of investments in your account.
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