Best Roth IRA Providers of 2023

Fidelity’s self-directed Roth IRA makes saving for retirement easy and accessible. You can choose from over 10,000 fund choices, including some with no expense ratio. Other investment options provided by Fidelity include stocks, bonds, mutual funds, ETFs and options. Plus, you’ll pay no account or advisory fees when you open a Roth IRA with Fidelity.

The robust tools and resources Fidelity offers help make it our top pick for self-directed Roth IRAs. Investors can trade with confidence using Fidelity’s calculators, reporting features and chatbot support. You can even access free four-week courses from the Learning Center to brush up on trading basics.

As one of the biggest names in robo-advising, Wealthfront stands out with its accessibility and customizable features. Investors can open a Roth IRA at Wealthfront with as little as $500, one of the lowest account minimums of any robo-advisor.

The Roth IRA from Wealthfront can be customized to fit investors of all experience levels. Investors can build their own portfolio with hundreds of investment options across a wide range of asset classes. Beginning investors or those who prefer a hands-off approach can simply choose one of the premade portfolios that Wealthfront’s investing experts will build and manage for them.

Investors can open a Roth IRA at E*TRADE with no account minimum, and the company charges no account fees and little to no commissions on most trades. The charges that do come with certain investment choices, such as bonds and options trading, are clearly outlined on E*TRADE’s website.

E*TRADE offers a wide variety of investment options to build your portfolio with as much or as little risk as you like. Those who want to craft a conservative portfolio designed for reliable long-term growth might especially prefer E*TRADE’s thousands of mutual fund choices and over 50,000 offerings of bonds and CDs.

Betterment stands out among other robo-advisor companies by having no minimum deposit needed to open and maintain a Roth IRA account. The company charges a typical 0.25% in advisory fees for their basic plan, which includes digital-only investing advice. The basic plan also comes with tools for retirement planning, goal tracking, tax-loss harvesting and portfolio rebalancing.

A Roth IRA from Betterment would be well-suited for someone new to investing or someone who doesn’t want to have to manage their portfolio. When you open a retirement account with Betterment, you’ll choose a curated portfolio with a specific asset class focus, like “Stocks and Bonds” or “Socially Conscious.” The allocations of each portfolio can be adjusted for your risk tolerance, so there is some level of customization offered.

Charles Schwab’s Roth IRAs have no account or maintenance fees and no commission on most online trades. You can build your Roth IRA portfolio with over 2,000 ETFs and 7,000 mutual fund options, as well as other choices like stocks, bonds, annuities, money market funds, futures and margin loans. Schwab even offers over 25 proprietary ETFs with expense ratios as low as 0.03%.

Opening a Roth IRA with Charles Schwab also gives you access to the brokerage’s StreetSmart Edge® online trading platform and their highly rated customer service, available 24/7. Schwab’s user-friendly online trading and reputation for customer support helped them score the highest in overall investor satisfaction in J.D Power’s 2023 Full-Service Investor Satisfaction Study.

If you’re looking for a robo-advising option for your Roth IRA but don’t want management fees to eat into your portfolio’s growth, Schwab Intelligent Portfolios® could be a good choice. Though it has a relatively high account minimum of $5,000, Schwab Intelligent Portfolios® is unique among robo-advisors because it charges no advisory or management fees.

Schwab’s robo-advisor lets investors choose three investment strategies and six risk profiles from Conservative to Aggressive Growth to create their portfolios. The algorithm then selects from over 50 low-cost ETFs to create a portfolio specially tailored to each investor’s needs.

Investors who want a hands-off approach to managing their portfolio might prefer the simplified approach of Vanguard’s Roth IRA. Vanguard’s online trading platform doesn’t have as many interactive tools and features as other providers, but it’s perfect for those who just want to put their money into low-risk, low-cost mutual and index funds and let it grow.

Those low-cost funds are how Vanguard became one of the largest brokerages in the country, and you can take full advantage of them with a Vanguard Roth IRA. You can choose from over 3,000 mutual fund options, many with low expense ratios. Vanguard’s 160 proprietary mutual funds also come with no transaction fees.

Most robo-advisors provide a hands-off experience for managing a Roth IRA, but Vanguard Digital Advisor goes the extra mile, automatically adjusting your portfolio’s asset mix to help you reduce your tax liability and reach your financial goals. The robo-advisor requires a $3,000 account minimum and charges a 0.20% advisory fee, but new customers won’t pay advisory fees for their first 90 days.

When you open a Roth IRA with Vanguard Digital Advisor, you’ll answer questions about your risk tolerance, current savings and investment timeline. The robo-advisor’s algorithms will use your answers to select investment choices from Vanguard’s low-cost mutual funds and ETFs to create a personalized, diversified portfolio.

TD Ameritrade is our top choice for investors who want hands-on management of their Roth IRA. The brokerage offers a range of tools and resources for active investors, like personalized screeners, interactive calculators, tools to analyze and compare mutual funds, technical analysis and third-party research provided by top firms like Morningstar.

You can build your Roth IRA portfolio with a variety of investment options from TD Ameritrade. Choose from stocks, bonds, ETFs, annuities, futures and over 13,000 mutual funds. Just be aware that, since TD Ameritrade has been acquired by Charles Schwab, all TD investment accounts will move to Schwab at some point in the future.

The Roth IRA Merrill Edge offers is standard amongst major brokerage firms: you can invest in a variety of asset options with no fees and no commission on stock, options or ETF trades. But if you want to get a head start on saving for retirement, Merrill Edge’s bonus for new accounts might be appealing to you.

New customers who fund their Roth IRA with at least $20,000 within 45 days of opening the account can receive a cash reward. The reward starts at $100 for balances between $20,000 and $49,999 and increases incrementally. The maximum reward is $600 for qualifying accounts with balances of at least $200,000.

With a Roth IRA from J.P. Morgan, you can build a portfolio with stocks, ETFs, mutual funds, options and fixed income products. J.P. Morgan’s investment choices aren’t as varied as other brokerages, but they come with no fees and no commission, as well as access to Morgan’s Portfolio Builder tool. The Portfolio Builder is a useful resource that helps self-directed investors craft a portfolio for their needs, but it requires a minimum balance of $2,500.

Investors who value convenience might like the all-in-one approach to investing, banking and credit cards that J.P. Morgan can provide. With the user-friendly Chase app, you can view and manage your Chase bank accounts, credit cards and Roth IRA all in one place.