Best Roth IRA companies in 2026: 9 Companies Compared

Fidelity offers a Roth IRA with no account fee, no minimum to open, and $0 commissions for stocks and ETFs. Its Fidelity ZERO index funds carry a 0.00% expense ratio, which is a clear cost advantage for long-term index investors. Fidelity Go, its robo-advisor, is free for balances under $25,000 and charges 0.35% above that level.

The platform also offers strong research, fractional shares and a well-rated mobile app. The main trade-off is that some investors may find the research tools busy at first, and the commission-free mutual fund list is smaller than Schwab in places. For most self-directed Roth IRA savers, Fidelity is our pick for most people.

Charles Schwab offers a Roth IRA with no account fee, no minimum to open, and $0 stock and ETF commissions. Its index funds, such as SWPPX at a 0.02% expense ratio, are low cost, and its list of no-transaction-fee mutual funds is wide. Branches and phone support suit investors who want help in person as well as online.

Schwab Intelligent Portfolios, its robo option, charges no advisory fee, but it holds a cash allocation that can drag returns compared with a fully invested portfolio. That detail matters for hands-off investors, even though the headline fee is $0. For service, fund choice and a full-service feel, Schwab is a strong all-round choice.

Vanguard built its name on low-cost index investing, and its ETFs such as VOO carry a low expense ratio of about 0.03%. A Roth IRA can hold Vanguard funds, ETFs and stocks, with $0 stock and ETF commissions and no minimum for ETF purchases beyond the share price. That structure suits buy-and-hold investors who plan to keep costs low for decades.

The app and website feel less modern than Fidelity or Schwab, and some Vanguard mutual funds still need a $3,000 minimum, though ETF versions avoid that rule. Vanguard Digital Advisor offers managed portfolios for a fee, with its own minimums. Choose Vanguard if you want its funds and a long-term, low-cost approach, and you do not need the slickest app.

E*TRADE, part of Morgan Stanley, offers a Roth IRA with no account fee, no minimum to open, and $0 commissions for stocks and ETFs. Its trading platforms suit active investors who want charts, screeners and options tools inside a retirement account. The fund list includes many no-transaction-fee mutual funds.

Beginners may find the platforms dense, and E*TRADE does not offer a clear cost edge over Fidelity or Schwab for a simple index portfolio. It suits investors who already trade actively and want the same tools inside a Roth IRA, rather than investors who want the simplest possible setup.

Betterment builds and manages a diversified ETF portfolio for you, based on your goals and risk level, and it rebalances automatically. That hands-off model suits savers who do not want to pick funds or watch markets. Plans start at $4 per month for smaller balances, with a 0.25% annual advisory fee on higher-tier plans, so check the current pricing page for your balance.

The trade-off is control and cost. You cannot pick individual stocks inside a Betterment portfolio, and the advisory fee, while modest, adds up over decades compared with a self-directed index portfolio. Choose Betterment if you will save more consistently with a managed portfolio than with a self-directed account you rarely touch.

Wealthfront offers automated investing with diversified ETF portfolios, automatic rebalancing and planning tools for retirement and other goals. It suits hands-off savers who want a set portfolio and a clear plan, without picking funds themselves. Tax-loss harvesting is a feature of its taxable accounts, though it does not apply in the same way inside a Roth IRA.

Wealthfront charges an advisory fee, and managed accounts have a minimum balance, so check the current fee page before you open an account. The Roth IRA itself can be opened through Wealthfront, but the value lies in the managed service, not in free self-directed trading. Choose Wealthfront if automation and planning matter more than picking each holding.

M1 Finance lets you build a custom portfolio pie from stocks and ETFs, set target weights, and invest automatically toward those targets. That design suits self-directed investors who want a clear, long-term portfolio without daily trading. Roth IRAs carry $0 commissions, and automatic deposits help build a saving habit.

M1 uses trading windows rather than live intraday trading for most orders, so it does not suit active traders who need instant execution. Some features, such as extra trading windows, sit behind a paid Plus plan. Choose M1 if you like the pie model and a disciplined, automatic approach to a Roth IRA.

Robinhood offers a Roth IRA with $0 commissions, no minimum to open, and a simple mobile app that suits new investors. It offers stocks and ETFs, fractional shares and, for eligible users, a contribution match, with a higher match for Gold members. That match is unusual among brokers, and it can add value for regular contributors.

The limits matter. Robinhood IRAs do not offer mutual funds, and research tools are lighter than Fidelity or Schwab. The match also comes with terms, so read the current offer page carefully. Robinhood suits simple stock and ETF investing in a Roth IRA, not investors who want a wide mutual fund range.

Merrill Edge, from Bank of America, offers a Roth IRA with $0 stock and ETF commissions and no minimum to open in many cases. It suits Bank of America customers who want banking and investing in one login, with research, planning tools and branch access. Preferred Rewards members may also qualify for fee waivers and other benefits.

For a pure low-cost index portfolio, Merrill does not beat Fidelity or Schwab on fund costs or simplicity. It wins on integration for existing bank customers. Choose Merrill Edge if you bank with Bank of America and value one relationship, and check the current fee schedule for your account type.