The best places to open a Roth IRA in 2025 typically include well-established online brokerages and robo-advisors known for low fees, good investment options, and user-friendly platforms. Top recommended providers are Charles Schwab, Fidelity, SoFi, Betterment, and Robinhood.
Top Roth IRA Providers in 2025
- Charles Schwab : Best overall Roth IRA with no trading commissions on stocks and ETFs, strong tools for active traders, investor education, and no account minimum. Ideal for both beginners and active investors.
- Fidelity : Another highly popular option known for a broad selection of funds, excellent customer service, and no account minimum.
- SoFi : Great for beginners, offering no minimum and no fees, plus access to financial advisors.
- Betterment : Best for passive investors looking for automated robo-advisor management.
- Robinhood : Attracts investors with a bonus offer and easy online access, though limited investment options compared to full brokers.
Considerations for Choosing Where to Open
- Decide if you want to pick your own investments (go with a brokerage like Schwab or Fidelity).
- Or prefer a managed portfolio built by robo-advisors like Betterment or Wealthfront.
- Look for low or no account minimums and fees.
- Check for available investment options like low-cost index funds and ETFs.
- Consider access to financial advice if needed.
Opening a Roth IRA is usually easy online and requires personal info like ID, Social Security number, and bank account info to fund the account. Contribution limits for 2025 are $7,000 (or $8,000 if age 50+) with income eligibility applying. In summary, the best places to open a Roth IRA right now are Charles Schwab, Fidelity, SoFi, and Betterment depending on management style preferences and cost considerations.
