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
4.5-star brokerage firm rating

Buy - $9.95, sell - $9.95.

TradeKing is the sixth largest brokerage house in the U.S. The firm does not charge hidden fees, IRA setup, maintenance and account inactivity fees (if account balance is above $2,500). Their mutual fund transaction fee is hard-to-beat $9.95 per trade.

TradeKing offers over 12,000 mutual funds, including load and no-load funds from most leading fund families, such as Vanguard and Fidelity. Their funds cover a full range of investment objectives, strategies and asset classes.

TradeKing's Mutual Fund Center tool makes it easy to find top mutual funds performers, to screen funds according to your criteria, and see in-depth breakdowns of mutual fund characteristics.

The firm offers free DRIPs (dividend reinvestment plans) and great customer service. Beginners can place broker-assisted mutual funds trades for the same low price of $9.95, and can learn to trade and pick up investing ideas in the website's friendly user community.

TradeKing is one of the best online brokers for mutual funds investors, beginners as well as for long-term, and buy-and-hold investors.

Read full TradeKing review.

Promotion link:  Get $1,000 in Free Trade Commissions at TradeKing

Open TradeKing account

Online Brokerage
Mutual Fund

2,600+ 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 largest five 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) to buy (free to sell) at Fidelity Investments. Scottrade does not charge hidden fees, as well as IRA setup, maintenance and account inactivity fees. The broker provides highly rated customer service and rich selection of investment research amenities.

Scottrade offers huge selection of over 2,600(!) NTF - free to buy and sell - no load mutual funds. With these funds you could essentially invest in mutual funds commission-free. The firm offers the largest selection of mutual funds - over 14,500 - from all major funds families including American Funds, Fidelity and Vanguard. To help clients pick best funds, they offer predefined screeners of 4- and 5-star funds rated by Morningstar.

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. Low transaction costs and huge selection of mutual funds make it one of the best brokerages for mutual funds investors.

Read full Scottrade review.

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

Open Scottrade account

This article was updated on 9/29/2015.

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