Jessie Moore has been writing professionally for nearly two decades; for the past seven years, she's focused on writing, ghostwriting, and editing in the finance space. She is a Today Show and Publisher's Weekly-featured author who has written or ghostwritten 10+ books on a wide variety of topics, ranging from day trading to unicorns to plant care.
So, you’ve decided that a Roth IRA is right for you. What’s the best place to open a Roth IRA?
The number of options out there can be overwhelming. That’s why I’ve done the research for you and narrowed down the best Roth IRA providers in the market.
Not only will I walk you through the top contenders, but I’ll also highlight their:
- Key features
- Investment options
- Fees
- And more
This way, you can confidently choose the best fit for your financial goals. Want to know where to open a Roth IRA based on your goals and preferences? Read on:
Best Brokerage for Roth IRA: The Bottom Line
Let’s get right to the point: where is the best place to open a Roth IRA?
Ultimately, the best place to open a Roth IRA depends on your goals and your investing style.
Keep reading for the full scoop on where to open a Roth IRA … But here’s a sneak peek of the best brokerage accounts for Roth IRA investing:
Brokerage | Account minimum | Account promotion? | Known for |
None | No | Robo-advisor, hands-off investing, automatic rebalancing | |
Minimum $500 deposit | No | Automated investing via “pies” | |
None | Get a 1% match added to your IRA account on eligible contributions up to the annual contribution limit | Intuitive user interface, ease of use | |
Schwab | None | No | Customer service, expert wealth management guidance |
Fidelity | None | Wide range of retirement and tax-advantaged accounts | |
Minimum $500 deposit | No | Exposure to alternatives like crypto, credit, and private equity | |
Minimum $5000 deposit | No | A specialized crypto IRA | |
Minimum $500 deposit | No | Robo-advisor, hands-off investing, automatic rebalancing | |
Vanguard | No deposit; minimum $1000-$3000 investment for many Vanguard funds | No | Low cost index funds, passive investing, long-term investing |
Where to Open a Roth IRA: 9 Best Options in 2025
1. Betterment
- Overall Rating: ⭐⭐⭐⭐
- Fees: 0.25% annual fee
- Account minimum: No account minimum
- Promotion: No
- Known for: Robo-advisor, hands-off investing, automatic rebalancing
Betterment is a leading robo-advisor that offers a user-friendly platform and automated investment strategies for Roth IRA accounts.
If you’re wondering where to open a Roth IRA and want a hands-off approach, pick Betterment. With its sophisticated algorithms, Betterment automatically creates a diversified portfolio tailored to your risk tolerance and financial goals.
The platform offers features like tax-efficient investing and automatic rebalancing, making it easy to maximize your returns. Whether you’re a beginner or an experienced investor, Betterment offers a seamless and convenient way to grow your Roth IRA.
That’s why, among robo-advisors, I consider Betterment the best online brokerage for Roth IRA accounts.
2. M1 Finance
- Overall Rating: ⭐⭐⭐⭐⭐
- Fees: No fees
- Account minimum: Minimum $500 deposit
- Promotion: No
- Known for: Automated investing via “pies”
M1 Finance combines automated investing with customizable portfolios, making it an excellent option for individuals seeking control over their Roth IRA investments.
M1 Finance stands out for its unique “pie” system, allowing investors to build and customize portfolios comprised of stocks and ETFs. With M1 Finance, you have the flexibility to choose your investments and their weights within your Roth IRA.
M1 automatically rebalances your portfolio to maintain your desired allocation, simplifying the investment process.
M1 Finance also offers:
- Fractional shares
- Dividend reinvestment
- Automatic deposits
Overall, it’s a convenient platform for both new and experienced investors looking to optimize their Roth IRA growth.
3. Robinhood
- Overall rating: ⭐⭐⭐⭐
- Fees: No fees
- Account minimum: No account minimum
- Promotion: Get a 1% match added to your IRA account on eligible contributions up to the annual contribution limit
- Known for: Intuitive user interface, ease of use
Robinhood offers commission-free trading and a user-friendly mobile app, making it an attractive choice for investors seeking simplicity and accessibility in their Roth IRA.
Robinhood’s claim to fame is its intuitive mobile app, which offers commission-free trades on stocks, ETFs, and options. With Robinhood’s easy-to-use platform, investors can buy and sell investments in their Roth IRA with just a few taps.
For beginner and new investors wondering where to open a Roth IRA, Robinhood’s simplicity and no-fee structure make it an appealing, straightforward, and intuitive choice.
4. Schwab
- Overall Rating: ⭐⭐⭐⭐⭐
- Fees: No fees
- Account minimum: No account minimum
- Promotion: No
- Known for: Customer service, expert wealth management guidance
Schwab provides a wide range of investment options and comprehensive tools for Roth IRA investors, coupled with excellent customer service.
Schwab is a well-established brokerage that offers a diverse selection of investment options for Roth IRAs, including stocks, bonds, mutual funds, and ETFs.
With Schwab, investors have access to comprehensive research and educational resources to help make informed investment decisions.
The platform provides:
- Robust tools for portfolio analysis and planning
- Excellent customer service
- Competitive pricing
With their long track record in wealth management, Schwab gives you the flexibility to access professional advisors or to self-direct your Roth IRA. Whether you’re a hands-on investor or prefer professional guidance, Schwab has it all.
5. Fidelity
- Overall Rating: ⭐⭐⭐⭐⭐
- Fees: No fees
- Account minimum: No account minimum
- Promotion: Get $100 if you deposit at least $50 into your new account
- Known for: Wide range of retirement and tax-advantaged accounts
Fidelity combines a broad range of investment options, low fees, and comprehensive research tools to make it a top choice for Roth IRA accounts.
Fidelity is renowned for its extensive investment selection, including:
- Stocks
- Bonds
- Mutual funds
- ETFs
- And more
The brokerage offers low-cost options and fee transparency, making it an attractive choice for cost-conscious investors. Fidelity also provides powerful research and analytical tools, allowing you to make informed investment decisions for your Roth IRA.
With Fidelity’s strong reputation, reliable customer service, and a wealth of investment options, it’s no wonder why many investors choose Fidelity for their Roth IRA accounts.
6. Titan
- Overall Rating: ⭐⭐⭐⭐
- Fees: 0.44% for $100K or less
- Account minimum: Minimum $500 deposit
- Promotion: No
- Known for: Exposure to alternatives like crypto, credit, and private equity
Titan offers actively managed investment strategies and personalized services for individuals seeking professional guidance for their Roth IRA.
Titan differentiates itself by offering actively managed investment portfolios for Roth IRA investors. With Titan, you gain access to expertly-curated portfolios managed by experienced professionals who actively make investment decisions on your behalf.
The platform combines technology and human expertise to provide personalized service and investment strategies tailored to your goals.
Titan is the best place to open a Roth IRA if you’re seeking exposure to alternative assets like:
- Crypto
- Credit
- Private equity
Titan’s unique approach may appeal to you if you prefer a hands-off approach while still benefiting from professional guidance, exposure to alternatives, and actively managed portfolios.
7. BitIRA
- Overall Rating: ⭐⭐⭐⭐
- Fees: The setup fee is $50, and you’ll pay $195 for annual account maintenance
- Account minimum: Minimum $5000 Deposit
- Promotion: No
- Known for: A specialized crypto IRA
BitIRA allows individuals to invest in cryptocurrencies within a self-directed Roth IRA, catering to those interested in adding digital assets to their retirement portfolio.
BitIRA is a specialized brokerage that enables investors to hold cryptocurrencies, such as Bitcoin and Ethereum, within a self-directed Roth IRA.
With BitIRA, you have the opportunity to diversify your retirement portfolio by adding digital assets to the mix. The platform provides secure storage for your cryptocurrencies and facilitates hassle-free transactions.
BitIRA’s offering is ideal if you believe in the long-term potential of cryptocurrencies and want to incorporate them into your Roth IRA strategy.
8. Wealthfront
- Overall Rating: ⭐⭐⭐⭐
- Fees: 0.25% Annually
- Account minimum: No minimum
- Promotion: No
- Known for: Robo-advisor, hands-off investing, automatic rebalancing
Wealthfront combines automated investing, tax optimization, and a broad range of investment options to deliver a comprehensive Roth IRA solution.
Wealthfront is a robo-advisor that offers a comprehensive suite of features for Roth IRA investors. The platform uses advanced algorithms to create and manage diversified portfolios based on your risk tolerance and financial goals.
Wealthfront also focuses on tax optimization strategies, helping you minimize your tax liabilities within your Roth IRA. Wealthfront provides access to a wide range of investment options, including low-cost ETFs from various asset classes.
With its all-in-one approach, Wealthfront simplifies the investing process and offers a holistic solution if you’re a newer investor looking for the best place to open a Roth IRA.
9. Vanguard
- Overall Rating: ⭐⭐⭐⭐
- Fees: No fees
- Account minimum: No minimum deposit, but minimum $1000-$3000 investment for many Vanguard funds
- Promotion: No
- Known for: Low-cost index funds, passive investing, long-term investing
Vanguard is a reputable brokerage known for its low-cost index funds and long-standing commitment to investor success, making it a trusted choice for Roth IRA accounts.
Vanguard is synonymous with low-cost investing for a reason: they’re the leader in index fund offerings.
The brokerage is also known for its commitment to investor success and has a long-standing reputation for putting clients first.
Vanguard offers a wide range of low-cost mutual funds and ETFs, making it ideal for Roth IRA investors seeking to build a simple-yet-diversified portfolio.
With Vanguard, you have access to reliable customer service, robust research tools, and a solid track record of providing quality investment options, easily making it one of the best Roth IRA companies.
Roth IRA vs. Traditional IRA
When it comes to retirement savings, two popular options are the Roth IRA and the Traditional IRA. The best Roth IRA companies will often offer both, but there are key differences in how each account is taxed:
- With a Traditional IRA, contributions are typically tax-deductible, meaning you can reduce your taxable income in the year you contribute. However, when you withdraw funds during retirement, those withdrawals are taxed as ordinary income.
- With a Roth IRA, contributions are made with after-tax dollars, so they don’t provide an immediate tax break. However, the big advantage is that qualified withdrawals in retirement are tax-free. This means you won’t owe any taxes on the money you withdraw, including any investment gains.
The decision between a Roth IRA and a Traditional IRA depends on your current and future tax situation:
- If you expect to be in a higher tax bracket during retirement, a Roth IRA may be more beneficial since you’ll enjoy tax-free withdrawals.
- If you anticipate being in a lower tax bracket during retirement, a Traditional IRA may offer more immediate tax advantages.
Roth IRA vs. Self-Directed IRA
Roth IRAs and Self-Directed IRAs are different concepts, but they aren’t mutually exclusive.
The Roth IRA is a type of individual retirement account that provides tax advantages for retirement savings. It allows you to contribute after-tax income and enjoy tax-free withdrawals in retirement.
A Self-Directed IRA isn’t a specific account type but rather a feature that allows you to have more control over your investments within an IRA.
With a Self-Directed IRA, you can invest in a broader range of assets beyond traditional IRA investments, including real estate, private equity, precious metals, and more.
Can You Have a Self-Directed Roth IRA?
Yes, you can have a Self-Directed Roth IRA. This account can be a powerful tool for individuals seeking greater investment control and diversification.
By combining the tax advantages of a Roth IRA with the flexibility of a Self-Directed IRA, you can take charge of your retirement savings in a way that aligns with your unique investment goals.
With a Self-Directed Roth IRA, you can invest in a wide range of alternative assets, such as:
- Real estate
- Private businesses
- Tax liens
- Cryptocurrency
- Precious metals
- And more
This opens up opportunities for potentially higher returns and greater portfolio diversification beyond traditional investment options.
However, it’s important to note that managing a Self-Directed Roth IRA requires a good understanding of the investments you choose. Due diligence is crucial when selecting alternative assets.
Self-Directed IRAs: Examples
TradeStation – Traditional & Roth Self-Directed IRAs
TradeStation offers self-directed IRA accounts that provide individuals with the freedom to invest in a wide range of assets, including stocks, options, futures, and ETFs.
Whether you’re interested in actively trading or building a long-term investment portfolio, TradeStation provides a robust platform and tools to execute your investment strategy.
With their self-directed IRA options, you can choose between a Traditional IRA or a Roth IRA based on your tax and retirement goals.
IRA Financial – Traditional & Roth Self-Directed IRAs
IRA Financial specializes in self-directed retirement plans, offering individuals the opportunity to diversify their portfolios with alternative investments.
With IRA Financial, you can choose between a Traditional Self-Directed IRA or a Roth Self-Directed IRA, depending on your tax planning needs.
Their user-friendly platform allows you to invest in a variety of alternative assets, such as real estate, private businesses, precious metals, and more.
Rocket Dollar – Traditional & Roth Self-Directed IRAs
Rocket Dollar is a self-directed IRA provider that caters to individuals seeking more investment options and control over their retirement savings.
With Rocket Dollar, you can establish a Traditional Self-Directed IRA or a Roth Self-Directed IRA, depending on your tax preferences.
Their platform offers seamless integration with popular investment platforms and gives you the ability to invest in a diverse array of assets, including real estate, private equity, cryptocurrencies, and more.
Final Word: Best Brokerage for Roth IRA
Choosing the best place to open a Roth IRA account is crucial for building a solid foundation for your retirement savings.
Each brokerage or account mentioned in this article offers unique features and benefits that cater to different investment styles and goals.
Still wondering where is the best place to open a Roth IRA?
To recap, a few of the best online brokerage for Roth IRA accounts include:
- Betterment for a hands-off approach with automated rebalancing
- M1 Finance for customizable portfolios and automated investment strategies
- Robinhood for a user-friendly mobile app and commission-free trades
- Titan for actively managed portfolios, personalized service, and exposure to alternative investments
- Vanguard for low-cost, diversified index funds
No matter what you decide, remember to take the time to research and evaluate the options that align with your investment preferences, risk tolerance, and long-term goals.
Choosing one of the best brokerage accounts for Roth IRA investing can set you on a path toward a secure and prosperous retirement. Start investing in your future today!
FAQs:
Should I use a broker for a Roth IRA?
Most investors use a broker to invest in a Roth IRA. Using a broker for a Roth IRA provides access to investment options, guidance, and account management services. The best brokerage for Roth IRA will depend on your personal goals.
Who is the best to start a Roth IRA with?
The best place to open a Roth IRA depends on your investment preferences and goals, but popular options include Fidelity, Vanguard, M1 Finance, and Schwab.
Is Fidelity a good Roth IRA?
Yes, Fidelity is a reputable and well-regarded company for Roth IRAs, offering a wide range of investment options, low fees, and comprehensive research tools.
What companies should I invest in with my Roth IRA?
The companies you choose to invest in with your Roth IRA depend on your investment strategy and risk tolerance. Consider diversifying your portfolio with a mix of stocks, bonds, mutual funds, and ETFs that align with your financial goals.
Where to Invest $1,000 Right Now?
Did you know that stocks rated as "Buy" by the Top Analysts in WallStreetZen's database beat the S&P500 by 98.4% last year?
Our April report reveals the 3 "Strong Buy" stocks that market-beating analysts predict will outperform over the next year.
