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Mutual Fund Trading


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Compare Mutual Fund Trading

    Ally Invest
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    Ally Invest

    • Mutual Fund Trading: $0 to buy/sell load mutual funds
      $9.95 to buy/sell no load mutual funds
    Pros:
    • Low commission for stock trades
    • No account minimums
    • Ally LIVE platform
    Cons:
    • No physical locations

    Our Review: (4.4) Ally Invest (formerly TradeKing) offers one of the lowest trade fees, but is it good? Learn the pros and cons and see comparisons with other online brokers in this in-depth review... Read full review

    Get Up to $3,500 Cash Bonus and Commission Free Trades for 90 Days

    Investing
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    Interactive Brokers

    • Mutual Fund Trading: $0 for no-transaction-fee funds. For transaction-fee funds, 3% trade value OR $14.95, per transaction, whichever is less, for transaction-fee funds
    Pros:
    • Large number of investments, including options, futures, and forex
    • Customize trading platform
    • Tools and opportunities for research
    Cons:
    • $10,000 minimum to open an account.
    • Platform can be too much for a beginner to understand
    • Inactivity fees if you don't meet the trade commission requirements.

    Our Review: (4.3) Do you have $10,000 and plenty of trading knowledge? Interactive Brokers may provide you with a solid trading platform. With their competitive fees and robust trading options, they are a common choice for the experienced trader... Read full review

    Scottrade
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    Scottrade

    • Mutual Fund Trading: No Fee to Buy/Sell/Exchange No-Load, No-Transaction Fee Funds
      $17 to Buy/Sell/Exchange No-Load Funds
      $0 to Buy Load Funds and $17 to Sell/Exchange Load Funds
    Pros:
    • Low per trade fees
    • Physical locations
    • Easy-to-navigate website
    Cons:
    • No futures trading
    • High broker-assisted fee

    Our Review: (4.2) With low trade fees, excellent resources, and superior customer service, Scottrade is a highly trusted online broker. Read on for our in-depth review... Read full review

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    E*TRADE
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    E*TRADE

    • Mutual Fund Trading: $0 for no-load, no-transaction-fee funds
      $19.99 for transaction-fee funds
    Pros:
    • Expansive set of resources and tools
    • Easy to use website
    • Industry leader
    Cons:
    • Trade fees

    Our Review: (4.2) E*TRADE is a highly well-known name, but does that mean it's that much better than its competitors? Read our in-depth review and see how it compares... Read full review

    Get up to 500 Commission-Free Trades

    Investing
    Read Review

    Vanguard

    • Mutual Fund Trading: $0 for no-transaction-fee funds. For transaction-fee funds: $20 for account balances less than $500,000; $8 for account balances $500,000+
    Pros:
    • Large selection of mutual funds and commission-free ETFs
    • Broker assistance is available at no additional cost
    • Easy to use
    Cons:
    • Commission structure penalizes frequent traders
    • Customer service wait times
    • Commission costs on non-Vanguard investment options

    Our Review: (3.9) Vanguard Brokerage may be a full-service broker, but typically long-term investors preferring ETFs and mutual funds see the greatest return on their investment with them... Read full review

    Investing
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    Merrill Edge

    • Mutual Fund Trading: $0 for no load, no-transaction-fee funds ($39.95 short-term redemption fee if the fund is held less than 90 days) $19.95 for no load, transaction-fee funds
    Pros:
    • No account minimums
    • Current Bank of America customers experience seamless account integration
    • Robust research opportunities
    Cons:
    • Platform is not friendly for frequent traders who execute quick trades
    • No commission-free ETFs available
    • Market research reports can be hard for beginners to understand

    Our Review: (4.3) If you are looking for excellent customer service, competitive pricing, and robust investment options, you may have found what you are looking for in Merrill Edge... Read full review

    Fidelity
    Read Review

    Fidelity

    • Mutual Fund Trading: $0 transaction fee for Fidelity funds
      $0 on purchase for NTF (no transaction fee) non-Fidelity funds. ($49.95 on redemption if held less than 60 days)
      $49.95 on purchase for non-Fidelity funds; $0 on redemption. (Certain funds may have a $75 transaction fee).
    Pros:
    • Research reports
    • Beginner-friendly tools
    • Mobile app
    Cons:
    • Restricted platform

    Our Review: (4.4) Thinking of opening a brokerage account with Fidelity? There are many reasons to love Fidelity and a few reasons to think about going elsewhere... Read full review

    Get 500 Free Trades for 2 Years

    TD Ameritrade
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    TD Ameritrade

    • Mutual Fund Trading: $0 for no-transaction-fee mutual funds
      $49.99 for no-load mutual funds
      $0 for load mutual funds
    Pros:
    • Easy to Use
    • Thinkorswim Platform
    • Customer Service
    Cons:
    • Trade Fees

    Our Review: (4.2) Ameritrade fees are higher than competitors, but is it worth it? We say yes and here's why. We analyze and compare it for you in our in-depth review... Read full review

    Get 60 Days of Commission-Free Trading

    Investing
    Read Review

    Charles Schwab

    • Mutual Fund Trading: $0 for no-transaction-fee funds $76 for all other funds
    Pros:
    • Vast selection of commission-free ETFs and mutual funds
    • 2 platforms (one for beginners and one for advanced traders)
    • 24/7 customer service including online chat
    Cons:
    • $1,000 minimum to open a brokerage account
    • Commission costs on mutual funds outside of the commission-free funds
    • Robo-advisor option requires a minimum investment of $5,000

    Our Review: (4.2) Charles Schwab is one of the oldest names in the world of investing. With something for investors of all levels, it's often the go-to brokerage for investors looking for a new broker... Read full review


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