Not all brokerages offer Roth IRAs — and the ones that do aren’t always winners. We’ve curated 5 standout platforms to help you find the best place to open a Roth IRA.
SoFi IRA
Finder score
Connect with a SoFi financial planner and discuss anything from investment strategies to paying off debt to tax planning. Meanwhile, its robo-advisor is available with no management fees — another industry rarity. Trade stocks, ETFs, options and crypto 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% |
JP Morgan Personal Advisors
Finder score
| Minimum deposit | $25,000 |
|---|---|
| Retirement account types | Roth, Traditional |
Tastytrade IRA
Finder score
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 |
Vanguard IRA
Finder score
With its unique investor-owned model, Vanguard fund owners get more than a collection of index funds, actively managed funds, target retirement funds and environmental, social and corporate governance-focused funds. Owning these funds means you own Vanguard.
| Minimum deposit | $0 |
|---|---|
| Retirement account types | Roth, Traditional, SEP, Spousal, Rollover |
| Annual fee | $25 |
Interactive Brokers IRA
Finder score
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 |
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.
See how we weigh the overall rating
| Investment options | Trading platforms | Trading costs | Account fees | Account types | Customer support | Mobile app reviews | Features |
|---|---|---|---|---|---|---|---|
| 21% | 12% | 9% | 13% | 5% | 7% | 8% | 25% |
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.
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.
A Roth IRA is a retirement savings account that allows tax-free growth on your investments. Withdrawals also are tax free on a federal basis if you meet these requirements:
Are at least 59.5 years old
Had the account open for at least five years
However, nonqualified withdrawals generally trigger an early withdrawal penalty and federal income tax.
When you open a Roth IRA, you can build a retirement investment portfolio with a variety of assets.
You fund a Roth IRA with “after-tax” dollars. This means you’ve already paid income tax on that money, so you can withdraw your contributions any time penalty- and tax-free.
However, Roth IRAs have contribution limits set each year by the IRS and based on your modified adjusted gross income (MAGI). For 2024 that limit is $7,000 — or $8,500 if you’re age 50 or older.
But that limit applies to you if your MAGI is less than $161,000 — or $240,000 if married filing jointly. Once your MAGI goes above that amount, your maximum contribution begins to diminish until you can’t contribute at all.
You have until the next tax filing deadline to reach your maximum Roth IRA contribution.
Finder’s picks for the best Roth IRA accounts are meant to provide you with a starting point for finding the right broker for you. That said, it’s important to consider your personal preference and individual investing goals too.
Consider the following factors when comparing your options:
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.
The best Roth IRA investments may include a mix of index funds, dividend stocks, bond funds and other long-term investments.
The balancing act: Assessing your retirement investments against your short-term finances.
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Check out our picks of the best Roth IRA accounts for beginners, options traders, hands-off investors and more.
Check out our picks of the best IRA accounts for beginners, options traders, hands-off investors and more.
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See if Capitalize’s free 401(k) search and rollover service is right for you.