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

Buy - $19.95, sell - $19.95.

Etrade, along with Scottrade, is one of the five largest discount 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. The firm offers its customers 8,000 mutual funds, including 1,300 no-load, no-transaction fee (NTF) mutual funds.

Etrade provides access to independent third-party investment research from S&P, MorningStar, Thompson Reuters, Credit Suisse, and Smart Consensus. There are no account inactivity, maintenance or hidden fees for both non-IRA and IRA accounts.

Etrade is one of our recommended online brokers for investing in mutual funds, bonds, as well as for IRA account holders - there are no IRA setup, annual and custodial fees.

Read full Etrade review.

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

Open Etrade account

This article was updated on 7/23/2015.

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The stock brokerage firm you select is solely responsible for its services to you, the user. shall not be liable for any damages or costs of any type arising out of or in any way connected with your use of a brokerage house's services. has partner relationships with other companies. As a partner, we often provide reviews of products and services based on our personal opinions. We are not compensated for positive reviews. While we strive to make sure that the information we present here is true and accurate upon publication, the rates and offers that we share with you may change without notice, so please visit the sites we reference for more up to date information.