Fidelity IRA review: Is it worth it in 2026?

Index fund investors who want $0 funds

Fidelity's ZERO index funds charge nothing to own, so an index investor can build a whole portfolio without paying a fund fee. If you're still choosing the account itself, start with what a Roth IRA is.

Hands-off savers with less than $25,000

Fidelity Go manages an IRA with no advisory fee until the balance reaches $25,000. Robinhood's managed IRA, for comparison, charges 0.25% from the first dollar. On a $20,000 balance, that's $50 a year.

Savers consolidating old 401(k)s

A rollover IRA at Fidelity costs nothing to hold, and every old plan can land in one account. Fidelity's Roth IRA page advertises no match or bonus, though. We found no Fidelity equivalent to the 1% that Robinhood and SoFi pay on rollovers. The Interactive Brokers IRA review finds the same gap at IBKR. The best places to roll over a 401(k) roundup compares Fidelity's $0 transfer-out fee with a 1% match.

Fidelity IRA pros

• No account fee and no minimum, and you can invest from $1
• ZERO index funds at a 0% expense ratio
• $0 online commissions on US stocks, ETFs, and options trades
• Fidelity Go with no advisory fee under $25,000
• $0 to transfer out or close an IRA

Fidelity IRA cons

• No match on contributions, transfers, or rollovers
• $0.65 per options contract
• $49.95 per purchase on transaction-fee funds from other companies
• Fidelity Go charges 0.35% a year on the whole balance once you reach $25,000

Commissions and options fees

Online trades in US stocks, ETFs, and options carry no commission, and options add $0.65 per contract. A saver who never trades options never pays the contract fee. A saver who trades 100 contracts a year pays $65.

Fidelity ZERO index funds

Fidelity sells four ZERO index funds, each with a 0% expense ratio and no minimum investment, which is the cheapest a fund can be.⁴You pay for the shares and nothing else.

Other mutual funds

Funds from other companies cost more to trade than Fidelity's own, and the fee table above lists both charges. The 60-day rule is the one people miss: sell a no-transaction-fee fund within 60 days and you'll pay $49.95.

Fidelity Go, the managed IRA

Fidelity Go charges no advisory fee below $25,000. Once the account reaches $25,000, Fidelity Go charges 0.35% a year on the whole balance, because Fidelity calculates the fee at the account level.⁵Fidelity describes Fidelity Go as designed for goals at least 3 years away. A managed Robinhood IRA costs 0.25% and, unlike the self-directed Robinhood IRA, earns no match.

IRA types you can open at Fidelity

Fidelity offers traditional, Roth, and rollover IRAs, all with the same $0 account fee. The IRS limit covers every IRA you hold combined, not each account. Choosing between a traditional and a Roth IRA is the Roth vs traditional IRA decision, and that choice matters more than the broker.

Does the missing IRA match matter?

The missing match matters most to a saver who maxes out every year and stays put. The table below assumes the 2026 limit stays flat for five years. Robinhood's Gold page words its offer as a "3% boost on annual IRA contributions, up to $225 based on the 2026 maximum," and SoFi's IRA page lists a 1% match on contributions and 401(k) rollovers, both with no end date stated as of October 6, 2026. The Robinhood vs Fidelity comparison weighs the match vs margin, cash, and fund costs too.

Is Fidelity Go worth it?

Fidelity Go is worth it below $25,000, where it manages the IRA for free. From $25,000 up, its 0.35% fee on the whole balance runs higher than the 0.25% Robinhood Strategies charges, so above $25,000 the case for Fidelity Go is the $0 transfer-out fee and Fidelity's funds, not price. Most robo-advisor fees work this way: cheap to start and a percentage of the balance after that. Our Wealthfront vs Fidelity comparison shows the balance where Wealthfront's 0.25% becomes the cheaper fee.

Fidelity IRA vs Robinhood

Fidelity wins on funds and the $0 transfer-out fee, while Robinhood wins on the match. If you'd contribute the full limit every year, hold ETFs, and leave the money alone for 5 years, Robinhood's match pays more than Fidelity's $0 transfer-out fee saves. If you might leave early or want mutual funds, Fidelity costs less and has no holding period. Robinhood's two clawbacks make an early exit expensive.

Fidelity IRA vs SoFi

SoFi pays a 1% match on contributions with no subscription. Fidelity pays no contribution match on any plan. Fidelity has the $0 funds and the $0 transfer-out fee. The SoFi Active Investing review covers SoFi's fees and its holding period.