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We might be compensated by one of our IRA partners for an account you open through our platform. This helps us keep the rollover service free, but it never impacts the fees you’ll pay on your new account. We only win if you do, and our job is to help you simplify your retirement accounts. We also help people who already have an IRA account even though we might receive no compensation in these situations—because it’s just the right thing to do!

Best Roth IRAs

Choose an IRA with a Roth option.

Updated on January 27, 2021

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The best "Roth" IRAs

Merrill Lynch logo
Self-Directed
Commissions: $0 online trades for stocks and exchange-traded funds (ETFs)
Invest in: Stocks & ETFs, Mutual Funds, Options, Bonds
Limitations: Some extra benefits (e.g. fee discounts) are reserved for Bank of America customers.
Access to Research: Good: access to extensive Bank of America research and some third-party research.
Tradestation logo
Self-Directed
Commissions: $0 online trades for stocks and exchange-traded funds (ETFs)
Invest in: Stocks & ETFs, Mutual Funds, Options, Futures, Crypto, Bonds
Limitations: Might be a little heavy-duty for inexperienced traders.
Access to Research: Good: lots of data and charting tools, less access to fundamental third-party research.
Charles Schwab logo
Self-Directed
Commissions: $0 online trades for stocks and exchange-traded funds (ETFs)
Invest in: Stocks & ETFs, Mutual Funds, Options, Futures, Bonds
Limitations: Schwab does not offer direct investments in cryptocurrency, though this won't be a limitation for most investors.
Access to Research: Good: market data and some third-party research on stocks, mutual funds & markets (e.g. Morningstar, Credit Suisse, Argus).
SoFi logo
Automated
Commissions: 0%
Invest in: All digital advisors create a diversified portfolio of ETFs (Exchange-traded funds) based on your risk tolerance and preferences.
Limitations: Not much ability to influence the portfolio they create for you.
Access to Research: Yes - SoFi has certified financial professionals on staff that you'll get access to.
SoFi logo
Self-Directed
Commissions: Trade stocks and ETFs commission-free and pay no SoFi management fees on professionally-managed portfolios. Other fees may apply.
Invest in: Individual stocks, ETFs, IPOs, and professionally managed portfolios
Limitations: SoFi doesn’t allow you to trade options in IRAs (although it is allowed in taxable accounts) and doesn’t offer advanced technical research capabilities
Access to Research: Limited: some market data but no third-party research.
Vanguard logo
Self-Directed
Commissions: $0 online trades for stocks and exchange-traded funds (ETFs)
Invest in: Stocks & ETFs, Mutual Funds, Options
Limitations: Vanguard's platform is limited if you want to trade things other than ETFs and some Vanguard funds have high minimums.
Access to Research: Limited: some market data but not much third-party research.
Ally logo
Automated
Commissions: 0%
Invest in: All digital advisors create a diversified portfolio of ETFs (Exchange-traded funds) based on your risk tolerance and preferences.
Limitations: Ally's 0% fee only applies to the "Cash-Enhanced" portfolio which puts 30% of your assets into cash, which could impact your returns.
Access to Research: Not at this time, though you'll get access to Ally's call center support.
M1 Finance logo
Self-Directed
Commissions: $0 commission online trades for stocks and exchange-traded funds (ETFs)
Invest in: Stocks & ETFs, REITs
Limitations: M1 is not an active trading platform; all trades occur during set trade windows and are executed automatically. You can also initiate trades manually during the trade windows.
Access to Research: Good; Includes access to market and individual stock news, screening tools for stocks and ETFs.
TD Ameritrade logo
Automated
Commissions: 0.30%
Invest in: All digital advisors create a diversified portfolio of ETFs (Exchange-traded funds) based on your risk tolerance and preferences.
Limitations: The user experience isn't as intuitive as newer, digital-first institutions.
Access to Research: Not at this time. TD does offer other accounts with human advisors, but they have higher fees and account minimums.
Fidelity logo
Automated
Commissions: 0.35%
Invest in: All digital advisors create a diversified portfolio of ETFs (Exchange-traded funds) based on your risk tolerance and preferences.
Limitations: Your portfolio will mainly have Fidelity funds in it, but Fidelity's management fee covers the cost of those funds so you'll only pay one all-in fee.
Access to Research: Not at this time.
AltoIRA logo
Self-Directed
Commissions: Crypto IRA: 1% Trade Fee for all transactions; No Custody or Account Fees
Alto IRA: $10/month for Starter and $25/month for Pro, and $10-75 fee per private investment
Invest in: Cryptocurrency and Crypto Funds, Securitized Collectibles, Cannabis, Real Estate, Crowdfunding, Private Credit, Private Equity, Pre-IPO Stocks and funds, Private High Yield Offerings, Venture Capital, and more.
Limitations: Standard restrictions on alternative investments apply; in addition, you cannot currently invest in publicly traded assets like stocks and bonds.
Access to Research: Good: access to research on private investments through Alto partners like AngelList and Forge.
E*TRADE logo
Automated
Commissions: 0.30% of your assets per year (e.g. $30 per year if you had $10,000 in assets)
Invest in: All digital advisors create a diversified portfolio of ETFs (Exchange-traded funds) based on your risk tolerance and preferences.
Limitations: While E*TRADE does offer well diversified portfolios, you won’t have exposure to international bonds or real estate. However, E*TRADE does offer a unique smart beta ETF - this is a more actively traded investment portfolio that tries to outperform market index.
Access to Research: While no advisor is assigned to the account, users can call to consult a specialist, some of whom are Certified Financial Planners.
E*TRADE logo
Self-Directed
Commissions: $0 online trades for stocks and exchange-traded funds (ETFs)
Invest in: Stocks & ETFs, Mutual Funds, Options, Futures, Bonds
Limitations: The E*TRADE platform has more functions than many brokers, so it can take a bit to get the hang of.
Access to Research: Great: market data and third-party research on stocks, mutual funds & markets (e.g. Thomson Reuters, Credit Suisse, Argus). In addition, E*TRADE offers resources for beginner investors.
Merrill Lynch logo
Automated
Commissions: 0.45%
Invest in: All digital advisors create a diversified portfolio of ETFs (Exchange-traded funds) based on your risk tolerance and preferences.
Limitations: A platform that's not quite as easy-to-navigate as newer institutions and comes with a higher fee.
Access to Research: Only if you have more than $20,000 to invest and are willing to pay a higher fee (0.85%).
Charles Schwab logo
Automated
Commissions: 0%
Invest in: All digital advisors create a diversified portfolio of ETFs (Exchange-traded funds) based on your risk tolerance and preferences.
Limitations: Schwab's automated IRA has a $5,000 account minimum which is a little higher than other providers, but comes with 24/7 human support.
Access to Research: Only if you have more than $25,000 to invest, and for an extra fee of $30/month.
Wealthfront logo
Automated
Commissions: 0.25%
Invest in: All digital advisors create a diversified portfolio of ETFs (Exchange-traded funds) based on your risk tolerance and preferences.
Limitations: Not much ability to influence the portfolio they create for you.
Access to Research: Not at this time.
Titan logo
Automated
Commissions: 0%-0.52%
Invest in: Stocks, bonds, and alternative assets including real estate, private credit, and venture capital
Limitations: Titan does not support active trading, so users cannot pick individual stocks or trade options
Access to Research: Clients have unrestricted access to licensed advisors, who can offer tailored investment guidance
BitcoinIRA logo
Self-Directed
Commissions: Initial deposit fee: 5.99%; Transaction fees: 2% of all trades; Monthly account fee: 0.08%
Invest in: Cryptocurrency (like Bitcoin, Ethereum, and 60+ others); Gold (note: these are actual gold bars stored in Brink’s storage facilities on your behalf)
Limitations: Bitcoin IRA has higher fees than some other providers of crypto IRAs, though you will be able to earn some interest on your holdings.
Access to Research: Good; Bitcoin IRA offers various reports (on web and mobile) and allows you to set up advanced charts and price alerts which is especially useful for crypto trading.
Fidelity logo
Self-Directed
Commissions: $0 online trades for stocks and exchange-traded funds (ETFs)
Invest in: Stocks & ETFs, Mutual Funds, Options, Bonds
Limitations: Fidelity's fees on money market mutual funds (where you can put extra cash in your account) are a little higher than some peers.
Access to Research: Good: access to market data and reports from third-party research providers (e.g. Argus, CFRA).
Betterment logo
Automated
Commissions: $4/month for balances under $20,000, and 0.25% annual fee for balances over $20,000. You can also choose to upgrade to Betterment's premium plan with a $100,000 minimum balance which adds 0.15% to the management fee.
Invest in: Betterment creates a diversified portfolio of ETFs (Exchange-traded funds) based on your risk tolerance and investment goals.
Limitations: Access to human financial advisors is only available through their Premium plan, or through purchase of an advice package for the Digital plan.
Access to Research: Yes - you can buy a consultation ($299) or pay a higher annual fee (0.40%) for unlimited access on an ongoing basis.
Robinhood logo
Self-Directed
Commissions: $0 online trades for stocks and exchange-traded funds (ETFs). Other fees may apply.
Invest in: Stocks & ETFs, Options
Limitations: Users can earn the matching contribution immediately on eligible contributions, but must hold the funds in the IRA account for five years before the match can be withdrawn without a potential fee.
Access to Research: Good: Robinhood offers advanced charts to visualize, research, and analyze investment options. Robinhood’s portfolio building tools also offer useful information on investment choices
TD Ameritrade logo
Self-Directed
Commissions: $0 online trades for stocks and exchange-traded funds (ETFs)
Invest in: Stocks & ETFs, Mutual Funds, Options, Futures, Bonds
Limitations: TD's branches are concentrated in the Northeast if you like in-person service.
Access to Research: Good: market data and some third-party research on stocks, mutual funds & markets (e.g. Morningstar, CFRA).
Ally logo
Self-Directed
Commissions: $0 online trades for stocks and exchange-traded funds (ETFs)
Invest in: Stocks & ETFs, Mutual Funds, Options, Bonds
Limitations: Ally has some great tools for traders (charts and screeners) but a little less third-party research.
Access to Research: Good: market data and some third-party research on stocks (e.g. Morningstar, CFRA).
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