⚡ Expert Review

Best Roth IRA Accounts

Last updated: March 2026 5 products reviewed 72 hours tested Mercilium Editorial Team
🏆 Editor's Top Pick ★★★★★
Fidelity
★★★★★ 5.0/5

Fidelity offers an unbeatable combination of low costs, extensive investment choices, and robust research tools.

Free (no account minimums or annual fees)

Visit Fidelity →

Quick Comparison: All 5 Options

ProductPriceRatingBest For

How We Tested

72Hours Tested
15Products Evaluated
100%Independent
Evaluation criteria:

    Sources: G2, Capterra, Trustpilot

    In-Depth Reviews

    #1
    Fidelity

    Fidelity

    Editor's Top Pick
    ★★★★★5.0/5

    Pros

    • ✓ 0% expense ratio index funds
    • ✓ Extensive investment selection (stocks, ETFs, mutual funds)
    • ✓ Excellent research and educational resources
    • ✓ Strong customer support and branch access

    Cons

    • ✗ Overwhelming for absolute beginners
    • ✗ Proprietary funds can be pushed
    Free (no account minimums or annual fees)Visit Fidelity →
    #2
    Vanguard

    Vanguard

    Best Value
    ★★★★☆4.8/5

    Pros

    • ✓ Industry-leading low expense ratios
    • ✓ Strong focus on passive investing and diversification
    • ✓ Reputable and investor-owned structure
    • ✓ Broad selection of ETFs and mutual funds

    Cons

    • ✗ Website can feel dated
    • ✗ Fewer advanced trading tools
    • ✗ Higher minimums for some mutual funds
    Free (no annual fees, some mutual funds have minimums)Visit Vanguard →
    #3
    Charles Schwab

    Charles Schwab

    Best for Beginners
    ★★★★☆4.6/5

    Pros

    • ✓ Excellent customer service and educational resources
    • ✓ Commission-free stocks, ETFs, and Schwab Mutual Funds
    • ✓ User-friendly platform and mobile app
    • ✓ Access to physical branches

    Cons

    • ✗ Proprietary funds can be numerous
    • ✗ Less emphasis on advanced trading features
    Free (no account minimums or annual fees)Visit Charles Schwab →
    #4
    M1 Finance

    M1 Finance

    Most Popular
    ★★★★☆4.4/5

    Pros

    • ✓ Automated rebalancing and portfolio management
    • ✓ Fractional share investing
    • ✓ No management fees for basic accounts
    • ✓ Customizable 'Pie' investment portfolios

    Cons

    • ✗ Limited trading windows (one per day)
    • ✗ Less suitable for active traders
    • ✗ No direct access to human advisors
    Free (M1 Plus for advanced features: $125/year)Visit M1 Finance →
    #5
    Merrill Edge

    Merrill Edge

    Best for Bank of America Customers
    ★★★★☆4.2/5

    Pros

    • ✓ Seamless integration with Bank of America accounts
    • ✓ Strong research and analytical tools
    • ✓ Access to Merrill Lynch financial advisors
    • ✓ Preferred Rewards program benefits

    Cons

    • ✗ Less competitive pricing than pure discount brokers
    • ✗ Platform can feel less modern than competitors
    • ✗ Better value if you're already a BoA customer
    Free (no annual fees, some mutual funds have minimums)Visit Merrill Edge →

    Frequently Asked Questions

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