VaultRubric
Best traditional IRA
Brokers whose official pages list a traditional IRA, scored with IRA options and costs weighted highest. Brokers where we couldn't verify a traditional IRA are left out.
Rates change often — verify on the bank's or broker's site before opening an account. Every value shows its as-of date; ⚑ marks figures from third-party sites. Not financial advice.
Too close to call: SoFi Invest and Webull (within 0.6 points).
Weights: Trading costs 17%, Account minimum 14%, IRA options 23%, Transfer-out fee 11%, Protection (SIPC) 17%, Regulatory record 17%
| # | Broker | Score | Options/contract | Notes |
|---|---|---|---|---|
| 1 | SoFi Invest | 87.5% cov 69% | $0 ⚑ third-party source src · 2026-10-10 | Regulatory: FINRA: SoFi Securities $698,282 re fully paid securities lending (4-firm action) |
| 2 | Webull | 86.9% cov 100% | $0 src · 2026-10-10 | Regulatory: FINRA: $1.6M for influencer communications supervision failures |
| 3 | Wealthfront | 86.9% cov 100% | not found | |
| 4 | Fidelity | 85.3% cov 100% | $0.65 src · 2026-10-10 | |
| 5 | Charles Schwab | 81.8% cov 100% | $0.65 src · 2026-10-10 | Regulatory: SEC: ~$187M for misleading robo-adviser (Intelligent Portfolios) clients about hidden cash fees |
| 6 | Robinhood | 81.7% cov 100% | $0 ⚑ third-party source src · 2026-10-10 | Regulatory: SEC: $45M combined penalties (recordkeeping, reporting, cybersecurity etc.) |
| 7 | Ally Invest | 81.7% cov 100% | $0.5 src · 2026-10-10 | |
| 8 | Betterment | 81.7% cov 100% | not found | Regulatory: SEC: $9M tax-loss harvesting |
| 9 | Merrill Edge | 81.3% cov 100% | $0.65 src · 2026-10-10 | Regulatory: FINRA: Merrill Lynch $6M AML fine (reported) |
| 10 | Public | 81.3% cov 86% | $0 + $0.06–$0.18 rebate/contract ⚑ third-party source src · 2026-10-10 | Regulatory: FINRA: $528,124 (fully paid lending); Regulatory: FINRA: $350,000 influencer supervision (reported) |
| 11 | M1 Finance | 78.9% cov 100% | Options not offered src · 2026-10-10 | Regulatory: FINRA: $850,000 for misleading influencer posts/supervision |
| 12 | Vanguard | 73.3% cov 86% | $1.0 src · 2026-10-10 | Regulatory: SEC: $106.41M re target-date fund capital gains disclosures |
Top 3 compared
| Fact | SoFi Invest | Webull | Wealthfront |
|---|---|---|---|
| Stock/ETF commission | $0 src · 2026-10-10 | $0 src · 2026-10-10 | $0 src · 2026-10-10 |
| Options (per contract) | $0 ⚑ third-party source src · 2026-10-10 | $0 src · 2026-10-10 | not found |
| Account minimum | not found | $0 src · 2026-10-10 | $1 (stock account); 0.25% advisory fee for Automated Investing src · 2026-10-10 |
| IRA types | Traditional, Roth, SEP, Rollover src · 2026-10-10 | Traditional, Roth, Rollover src · 2026-10-10 | Traditional, Roth, SEP, Rollover src · 2026-10-10 |
| IRA match | 1% on contributions and rollovers src · 2026-10-10 | 3.5% with Webull Premium; base 1% per third party src · 2026-10-10 | none found |
| Transfer-out fee | $100 src · 2026-10-10 | $75 src · 2026-10-10 | $0 ⚑ third-party source src · 2026-10-10 |
| SIPC member | not found | Yes src · 2026-10-10 | Yes src · 2026-10-10 |
| FINRA CRD | CRD 151717 src · 2026-10-10 | CRD 289063 src · 2026-10-10 | CRD 153407 src · 2026-10-10 |
| Regulatory actions (5 yrs) | 2023 FINRA: SoFi Securities $698,282 re fully paid securities lending (4-firm action) src | 2025-05 FINRA: $1.6M for influencer communications supervision failures src | none found in last 5 yrs src · 2026-10-10 |
Opens the tool with these platforms filled in, so you can change the weights.
Related comparisons
- Robinhood vs Webull
- Betterment vs Wealthfront
- Ally vs Marcus
- Capital One 360 vs Ally
- SoFi vs Ally
- Wealthfront Cash vs Betterment Cash
- Fidelity vs Schwab
- Fidelity vs Vanguard
FAQ
What is the best traditional ira?
Too close to call between SoFi Invest and Webull. Your answer depends on your priorities; adjust the weights in the tool.
How does VaultRubric score these?
Only from our curated dataset (official pages, regulators, and flagged third-party sites), with fixed formulas shown in “Show math”. No AI or live scraping, so the same comparison always gives the same result. Not financial advice.