Best online brokers for mutual funds

Best Online Brokerage Firm Accounts For Mutual Funds Investors

Best discount online brokerage firms for mutual funds investing and trading. Review top rated, low fees (transaction commissions) accounts (including IRA) to buy no-load, index, NTF, and target mutual funds in 2015.

Online Brokerage
Mutual Fund

3,000+ FREE, no-load, no-transaction fee mutual funds (NTF program).
No-load mutual funds - $17.
Load funds are free to buy and $17 to sell.

Scottrade is one of the largest, best-known, and most established brokerage houses in the United States. It offers simple, flat rate commission plan, which is the cheapest among the large brokerage firms. No-load mutual fund transactions are priced at just $17. Compare it to $49.99 charged at TD Ameritrade, $76 to buy (free to sell) at Charles Schwab and $49.95 ($75 for some funds) at Fidelity Investments. Scottrade does not have hidden fees, as well as IRA setup, maintenance and account inactivity fees. It provides highly rated customer service and rich selection of investment research amenities.

Scottrade offers huge selection of over 3,000(!) NTF - free to buy and sell - mutual funds. With these funds you could essentially invest in mutual funds commission-free.

Scottrade is an excellent choice for anyone new to investing as well as for mutual funds and long-term investors. The firm is rated #1 in the industry in customer satisfaction according to J.D. Power and Associates.

If you are not comfortable trusting your money with companies you have never heard of, or you are looking to invest with one of the largest and most recognizable brokerage houses in the world, than Scottrade is an excellent choice.

Read full Scottrade review.

Promotion link:  Get up to $2000 when you open new account or add funds to existing account.

Open Scottrade account

Online Brokerage
Mutual Fund
4.5-star brokerage firm rating

OptionsXpress review
Buy - $9.95, sell - $9.95.
OptionsXpress by Charles Schwab

If you have never heard about OptionsXpress, there is no need to worry about it. The firm is now part of one of the largest and respected brokerage houses in the United States - Charles Schwab. And it's definitely not just for options traders - the company offers great services for mutual funds, bonds, futures and stock investors too.

OptionsXpress by Charles Schwab provides very competitive pricing to buy or sell no-load mutual funds: just $9.95 per transaction (Charles Schwab charges $75 for the same transactions). There are no account inactivity, maintenance or hidden fees.

The company is a great online broker for investing in mutual funds, for options traders and, since there are no IRA setup, maintenance, or inactivity fees, for IRA account holders.

Read full OptionsXpress by Charles Schwab review.

Promotion link: Open OptionsXpress account and get 50 free trades.

Open Optionsxpress account

This article was updated on 4/24/2015.

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