Choice and Digital Trust support a wide variety of qualified (i.e. retirement) account types, including Traditional, Roth, SEP and SIMPLE IRAs, in addition to non-qualified custodial accounts.
Choice and Digital Trust do not offer any tax, legal or investment advice. You should discuss your particular situation with an accountant or tax professional prior to opening an account if you are unsure which account type is right for you.
If you are opening a qualified account and depending on how you want to fund your account - for instance, by rolling over retirement savings from a previous employer's 401(k) plan - you may also want to consult the IRS rollover chart to ensure the account type you are opening is eligible to receive the assets you want to roll over.
You may also review additional IRS guidance on this topic copied below for your convenience:
Set up your IRA
What kind of IRA best suits my needs? Traditional IRA or Roth IRA?
Traditional vs. Roth IRA comparison chart
Types of IRAs
A traditional IRA is a tax-advantaged personal savings plan where contributions may be tax deductible.
A Roth IRA is a tax-advantaged personal savings plan where contributions are not deductible but qualified distributions may be tax free.
A SEP is a Simplified Employee Pension plan set up by an employer. Contributions are made by the employer directly to an IRA set up for each employee.
A SIMPLE IRA plan is a Savings Incentive Match Plan for Employees set up by an employer. Under a SIMPLE IRA plan, employees may choose to make salary reduction contributions, and the employer makes matching or nonelective contributions.
Source: IRS.gov