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 to buy no-load, index, NTF, target mutual funds in 2014.


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 $2,000). TradeKing offers over 8,000 mutual funds, including load and no-load funds from most leading fund families, including Vanguard and Fidelity. Their funds cover a full range of investment objectives, strategies and asset classes. They do not, however, offer NTF (no-transaction-fee) funds.

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:  (Refer a friend and both receive $50)


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

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 $75 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 them you could essentially invest in mutual funds commission-free.

Scottrade is an excellent choice for first time investors, for those who invest in mutual funds, and for 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:  $100 in Transfer Fees Refunded. No set-up fees. No Annual Fees.


Brokerage Firm Mutual Fund Commissions
4-star brokerage firm rating

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

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 offers access to 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 our recommended online broker for investing in mutual funds, bonds, and, since there are no IRA setup, annual and custodial 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 5/8/2014.



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