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Unrivaled IRA Providers

There are a lot of IRAs out there. So many, in fact, it can be overwhelming to weed through all the options — good and bad — and then confidently choose one.

Social scientists call this “information overload”. We call it inconvenient. To make the search easier, we created this shortlist of standout picks from our partners. And with superior customer service, low account minimums and competitive commission rates and more, they’re a great choice for most investors.

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Standout IRA providers for do-it-yourself investors

With low costs and advanced research tools, these brokers are perfect for those who want to manage their own portfolios.

Broker

Commissions

Account Minimum

Current Offers

Details

NerdWallet rating

on Merrill Edge IRA's secure website

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Commissions

$6.95

per trade

Current Offers

Up to $600

in cash bonus with a qualifying deposit to a new Merrill Edge Self-Directed account

Pros

  • Robust third-party research.
  • Ongoing promotions for opening and funding a qualified IRA account.

Cons

  • No commission-free ETFs for IRA investors.
  • Minimum balance requirement for high-end platform.

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NerdWallet rating

on TD Ameritrade IRA's secure website

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Commissions

$6.95

per trade

Current Offers

$100-$600

in cash bonus with a qualifying deposit

Pros

  • $0 account minimum.
  • Large lineup of no-transaction-fee mutual funds.
  • Good customer support.

Cons

  • Higher trade commissions.

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Standout robo-advisors for hands-off investors

Put your investments on autopilot. These robo-advisors offer portfolio management — informed by computer algorithms and your personal investing preferences — all at an affordable rate.

Broker

Commissions

Account Minimum

Current Offers

Details

NerdWallet rating

on Wealthfront IRA's secure website

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Commissions

0.25%

management fee

Current Offers

$5,000

amount of assets managed for free

Pros

  • Low-cost, hassle-free approach to IRA investing.
  • First $5,000 managed free (for NerdWallet readers).
  • Automatic rebalancing.
  • Free automated tax-loss harvesting.

Cons

  • No large-balance discounts.
  • No access to human advisors.

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NerdWallet rating

on Wealthsimple IRA's secure website

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Commissions

0.40%-0.50%

management fee

Current Offers

$10,000

amount of assets managed for free for one year

Pros

  • Free access to human advisers.
  • Socially responsible investment options.
  • Free tax-loss harvesting.
  • Free portfolio analysis.
  • No account minimum.

Cons

  • Higher account management fees.
  • Limited personal finance tools.
  • Limited free-management promotion.

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NerdWallet rating

on Betterment IRA's secure website

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Commissions

0.25%

management fee

Current Offers

Up to 1 year

of free management with a qualifying deposit

Pros

  • No account minimum.
  • Extensive tax strategies.
  • Robust goal-based tools.
  • Free automated tax-loss harvesting.

Cons

  • Limited investment options.

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At NerdWallet, we offer straightforward info and tools to help you make the best possible financial decisions. All for free. So how do we make money? In most cases, when someone applies or gets approved for a financial product we get paid. But that doesn’t sway our opinions.