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
Firm
Mutual Fund
Commissions
4.5-star brokerage firm rating

Buy - $9.95, sell - $9.95.
TradeKing

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). TradeKing offers over 8,000 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 makes it easy to find top performers, to screen 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 an excellent choice for beginner investors, and one of the best online brokers for mutual funds, long-term, and buy-and-hold investors.

Read full TradeKing review.

Promotion link: 

Open TradeKing account


Online Brokerage
Firm
Mutual Fund
Commissions


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

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.

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

This article was updated on 8/1/2015.


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