What Are Some Popular Roth IRAs?


Quick Answer

Popular Roth IRAs include the ones offered by Scottrade, E-Trade, OptionsHouse, TradeKing and Vanguard, according to NerdWallet. Each of these providers offer features in their Roth IRAs that contribute to their high overall quality.

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Full Answer

Such features include at the minimum low-cost, commission-free mutual funds and exchange-traded funds, reasonable account minimums, banking products such as check writing and debit cards, and no inactivity fees, reports NerdWallet. For those opening their first Roth IRAs, Scottrade and E-Trade are popular options because of available index funds and ETFs for low fees and superior customer service that offers assistance with opening and managing an account. Scottrade's customer service is consistently rated as one of the best, but E-Trade offers access to better research material and information.

Other popular Roth IRA choices include OptionsHouse and TradeKing, reports NerdWallet. These providers are best for those who are looking to make frequent trades with low commissions and want trading platforms that are easily customized to suit individual needs. OptionsHouse provides a very usable trade platform if a client is mostly looking for a tool for inexpensively trading stocks and options. Vanguard is known for having established the first index fund for individual investors, and it is a great choice for retirement investors looking to keep a handful of low-cost stock and index funds.

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