Best online brokers for mutual funds

Best Online Brokers for Mutual Funds

Best discount online brokerage firms for mutual funds investing. Review top rated, low fees (transaction commissions) accounts to buy no-load, index, NTF, target mutual funds in 2014.

Brokerage Firm Mutual Fund Commissions
4.5-star brokerage firm rating

Scottrade Review
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 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 $75 at Fidelity Investments. Scottrade does not have hidden fees, IRA setup, maintenance and account inactivity fees. It provides highly rated customer service and rich selection of investment research.

Scottrade is an excellent choice for beginners, for those who invest in mutual funds, and for long-term, buy-and-hold investors. The firm is #1 in the industry in customer satisfaction according to J.D. Power and Associates.

Scottrade offers huge selection of over 3,000(!) free to buy and sell mutual funds. These mutual funds are in "No Transaction Fee", (or NTF) program. With them you could essentially invest in mutual funds commission-free.

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

Read full Scottrade review.

Promotion link: Get up to $100 in transfer fees reimbursed when you move your account to Scottrade.

Brokerage Firm Mutual Fund Commissions
4-star brokerage firm rating

Etrade Review
Buy - $19.95, sell - $19.95.

Etrade is one of the best-known and largest online brokerage firms in the country. When it was founded in 1992 as the first online discount brokerage, it revolutionized stock market trading. Now, Etrade's millions of customers enjoy access to a suit of free valuable services and to impressive selection of investment products.

Etrade provides very competitive pricing to buy or sell no-load mutual funds: just $19.95 per transaction. There are no account inactivity, maintenance or hidden fees. The firm offers its customers 1,300 no-load, no-transaction fee mutual funds.

Etrade is our recommended online broker for investing in mutual funds and bonds, for long-term investors and, since there are no IRA fees, for IRA account holders.

Read full Etrade review.

Promotion link: Trade free for 60 days + get up to $600.

This article was updated on 3/24/2014.

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