Best IRA brokerages in 2024

Written by
Adam N.
Fact checked by
Updated
Dec 2023
Dive into our toplist of regulated and trusted brokers that we tested with real money. Every broker is available in the United States.

Find below the strengths of the best IRA brokerages available in the United States, updated for 2024:

  1. E*TRADE - the best IRA brokerage in 2024. Low trading fees (free stock and ETF trading). User-friendly mobile trading platform. Great research tools. Pays interest on uninvested cash.
  2. Charles Schwab - Free stock and ETF trading. Outstanding research. Great customer service.
  3. Fidelity - Commission-free US stocks and ETFs. Great trading platforms and research. US and international stocks.
  4. Firstrade - Free stock, ETF, fund and options trading. Solid research tools. Quality educational tools.
  5. Interactive Brokers - Low trading fees and high interest on cash balances. Wide range of products. Many great research tools.
  6. Ally Invest - Low trading and non-trading fees. Easy and fully digital account opening. Great education.
  7. J.P. Morgan Self-Directed Investing - Commission-free US stocks, ETFs, funds and bonds. Fast and fully digital account opening. Well-established parent company. Pays interest on uninvested cash.
  8. Vanguard - Stocks and ETFs are free to trade. Easy account opening. Great mobile trading platform. Interest paid on uninvested cash.
  9. Merrill Edge - Low trading fees. Easy and seamless account opening. Strong parent company.
  10. eToro - Free stock and ETF trading. Seamless account opening. Social trading.
Your location is United States
To see the top brokers in another country choose from the list below
Please select a country
Got questions?
Engage with our growing community of traders and investors like you to find your answers.
Join now
Top IRA brokerages

Overview of the best IRA accounts

An IRA is an individual retirement account available to US residents. It is a tax-advantaged savings account for individuals to earmark their retirement savings. IRAs act as tax-deferred or tax-free investment forms that are available at many financial institutions.

When it comes to brokers that offer the best IRA accounts at reasonable fees, with a wide product range and low non-trading fees, the following brokers are hard to beat.

Broker
Inactivity fee
US stock fees class
E*TRADE
Low
Charles Schwab
Low
Fidelity
Low
Firstrade
Low
Interactive Brokers
Low
Ally Invest
Low
J.P. Morgan Self-Directed Investing
Low
Vanguard
Low
Merrill Edge
Low
eToro
Low
Best brokers for IRA in December 2023

Popularity of the best IRA brokerages

Interested in what others think? Here's how many people chose these brokers at BrokerChooser in the last 6 months.

Trading fees at the best brokerages for IRA

Broker
US stock
E*TRADE
$0.0
Charles Schwab
$0.0
Fidelity
$0.0
Firstrade
$0.0
Interactive Brokers
$1.0
Ally Invest
$0.0
J.P. Morgan Self-Directed Investing
$0.0
Vanguard
$0.0
Merrill Edge
$0.0
eToro
$0.0
Long-term product fees at the best IRA brokerages in December 2023

If you are unsure how brokerage fees work, check out our article explaining various brokerage fees.

Non-trading fees at the best brokerages for IRA

Broker
Inactivity fee
Account fee
E*TRADE
Charles Schwab
Fidelity
Firstrade
Interactive Brokers
Ally Invest
J.P. Morgan Self-Directed Investing
Vanguard
Merrill Edge
eToro
Non-trading fees at the best IRA brokerages in December 2023

Product selection at the best IRA brokerages

Broker
Fund providers (#)
Bonds (#)
E*TRADE
600
88,000
Charles Schwab
600
60,000
Fidelity
550
209,000
Firstrade
450
38,500
Interactive Brokers
550
41,274
Ally Invest
600
221,000
J.P. Morgan Self-Directed Investing
60
22,000
Vanguard
344
13,400
Merrill Edge
100
8,300
eToro
-
-
Selected product offering at the best IRA brokerages in December 2023

And now, let's see the top IRA brokerages one by one, starting with the winner, E*TRADE.

Recommended for investors and traders looking for solid research and a great mobile trading platform

Visit broker

E*TRADE snapshot
US stockbroker
Minimum deposit $0
Account activated in 1-3 days
Inactivity fee No inactivity fee
Customer service score 2.9 stars
Read review For a detailed analysis of E*TRADE services, check out our review for 2024

Recommended for investors and traders looking for solid research, low fees and great customer service

Visit broker

Charles Schwab snapshot
US discount broker
Minimum deposit $0
Account activated in 1 day
Inactivity fee No inactivity fee
Customer service score 4.7 stars
Read review For a detailed analysis of Charles Schwab services, check out our review for 2024

Recommended for investors and traders looking for solid research and great trading platforms

Visit broker

Fidelity snapshot
US stockbroker
Minimum deposit $0
Account activated in 1-3 days
Inactivity fee No inactivity fee
Customer service score 2.7 stars
Read review For a detailed analysis of Fidelity services, check out our review for 2024

Recommended for beginners and investors looking for zero-commission trading, focusing on the US market

Visit broker

Firstrade snapshot
US discount broker
Minimum deposit $0
Account activated in 1-3 days
Inactivity fee No inactivity fee
Customer service score 0.6 stars
Read review For a detailed analysis of Firstrade services, check out our review for 2024

Recommended for traders looking for broad market access and a professional trading environment

Visit broker

Interactive Brokers snapshot
International broker providing all asset classes
Minimum deposit $0
Account activated in 1-3 days
Inactivity fee No inactivity fee
Customer service score 3.4 stars
Read review For a detailed analysis of Interactive Brokers services, check out our review for 2024

Recommended for investors and traders looking for low fees and focusing on the US market

Visit broker

Ally Invest snapshot
US stockbroker
Minimum deposit $0
Account activated in 1-3 days
Inactivity fee No inactivity fee
Customer service score 3.4 stars
Read review For a detailed analysis of Ally Invest services, check out our review for 2024

Recommended for beginners and buy-and-hold investors focusing on the US stock market

Visit broker

J.P. Morgan Self-Directed Investing snapshot
US-based discount broker
Minimum deposit $0
Account activated in 1 day
Inactivity fee No inactivity fee
Customer service score 1.3 stars
Read review For a detailed analysis of J.P. Morgan Self-Directed Investing services, check out our review for 2024

Recommended for long-term investors looking for great ETF and mutual fund selection

Visit broker

Vanguard snapshot
US stockbroker
Minimum deposit $0
Account activated in 1-3 days
Inactivity fee No inactivity fee
Customer service score 2.5 stars
Read review For a detailed analysis of Vanguard services, check out our review for 2024

Recommended for investors and traders looking for low fees, quick account opening and simple platforms

Visit broker

Merrill Edge snapshot
US discount broker
Minimum deposit $0
Account activated in 1 day
Inactivity fee No inactivity fee
Customer service score 3.8 stars
Read review For a detailed analysis of Merrill Edge services, check out our review for 2024

Recommended for traders interested in social trading (i.e. copying other investors’ trades) and zero-commission stock trading

Visit broker
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal

eToro snapshot
Global social trading broker
Minimum deposit $10
Account activated in 1 day
Inactivity fee $10 per month after one year inactivity. eToro defines inactivity as not logging into your account.
Customer service score 2.3 stars
Read review For a detailed analysis of eToro services, check out our review for 2024

Didn't find the best broker for you?

Answer a few questions and get a personalized broker list!
Get a personalized broker recommendation
125,500 people already found a broker via this tool!

Your broker toplist will be selected based on your answers.

Where do you live?
More info

How did BrokerChooser select the best IRA brokerages?

  • We checked the 101 online brokers we've reviewed so far, finding the ones that offer the best IRA accounts
  • We looked at their trading fees charged for stock, ETFs and mutual funds
  • We checked their non-trading fees, with special emphasis on inactivity fees
  • We valued if they had a wide range of products, especially stocks, ETFs and mutual funds
  • We looked at the overall service quality of the broker


Save hours of research!

Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology.

BrokerChooser evaluates 9 key areas for all brokers, including fees, safety, ease of account opening, education and trading platforms. We check more than 600 criteria for each broker and fine-tune our methodology every year based on our own and our users' experiences. We have more than 100 brokers reviewed on our site and our team of analysts examines more than 60,000 data points overall.

FAQ

What broker is best for IRA?

The best broker to open an IRA account at is one that offers a wide range of products at fair fees, preferably with no inactivity fee and an overall excellent service quality. The brokers on our toplist, starting with E*TRADE, Charles Schwab and Fidelity, are all great choices to open an IRA account.

What is the best type of IRA to open?

The type of IRA that is best for you depends on your personal situation, such as your age and income. Most people open either a Traditional IRA or a Roth IRA account, while other options include a Simple IRA or a Rollover IRA. Check with an expert which is the best fit for you, or read our deep-dive into the various types of IRA accounts.

Want to understand IRAs in more detail?

Check out these articles written by our broker and trading experts:

Got questions?
Engage with our growing community of traders and investors like you to find your answers.
Join now

Author of this article

Adam Nasli

Financial Wizard | Trading • Safety • Market Analysis

I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

Follow us

Regional settings

×
I'd like to trade with...