Best Discount Brokers: Lowest Mutual Fund Trading Fee

This list of stock broker is based on the Best Discount Brokers: Lowest Trading Fee for Stocks and ETFs list sorted by Mutual Fund trading fees. This list should help investors who primarily invest in mutual funds to quickly identify the best brokerage firm for them. The list is sorted from the lowest commission cost to the highest; with additional information about mutual funds where available.

Since brokers can change their offers at any given time, it’s highly recommend that you visit the site and review the most recent information carefully.

Stock Brokers with Lowest Mutual Fund Trading Fees

List updated May 4, 2013.

Broker Notes
TradeMONSTER
Open a new tradeMONSTER account to trade commission free for 30 days.

  • $15.00 fee for mutual fund purchases. Free to sell.
Scottrade
Scottrade has over 500 local branch offices nationwide.

  • $17.00 fee for mutual fund trades. Over 14,500 funds available.
TradeKing
tradeking logo
TradeKing earned 4-Star Rating in Barron’s 2012 Online Broker Survey for the sixth year in a row.

  • $9.95 fee for mutual fund trades.
OptionsHouse
Open an account today and receive 100 commission-free trades. Multiple promotions available. Barron’s rated best for options traders for 2009 and 2010.

  • $9.95 fee for mutual fund trades.
OptionsXpress
OptionsXpress is a Charles Schwab company. It is rated Barron’s 4+ stars for 2002-2012. Open an account today and receive $100.

  • $9.95 fee for mutual fund trades.
Firstrade
Firstrade is currently offering 100 free trades for new accounts.

  • $9.95 for online mutual fund trades with over 11,000 mutual funds.
ShareBuilder
Share Builder
Buy stocks for $4 with Automatic Investing. Open an account today and receive $100 new account bonus.

  • $19.95 fee for mutual fund trades. No Transaction Fee (NTF) program provides access to over 70 funds including the ING Mutual Funds.
E*Trade
E-trade is strong in research and trading tools. Trade free for 60 days, plus get up to $600 for deposits of $10K or more.

  • $19.99 fee for mutual fund trades. No-load, no-transaction-fee funds are available. Fees are lower for high volume traders.
Charles Schwab
Schwab has a well-rounded services and products portfolio, and offers more advice and research than many competitors.

  • $76 per buy and $0 per sell for online mutual fund trades. No transaction fee when trading thousands of no-load, no-transaction-fee Mutual Fund OneSource® funds.
TD Ameritrade
Open an account today and trade free for 60 days, and get up to $600 based on your deposit amount.

  • $49.99 fee for mutual fund trades. No-transaction fee (NTF) funds available.
Fidelity
Fidelity boasts a robust mix of investments, tools and banking services.

  • $75 for online mutual fund trades. No transaction fee when trading over 1,400 Fidelity and non–Fidelity mutual funds.

In general, you should find a discount broker that offers mutual funds you’d like to invest in for no-transaction fee. Usually, you can get this by opening an account directly with the mutual fund company itself – e.g., Fidelity and Vanguard are the two best examples. If you do not want to open an account with the fund company, Scottrade, TradeKing, and OptionsHouse offers the right balance between trade commission, research tools, and funds availability.

Investing Resources

In addition to the brokers listed above here are additional websites that might be of interest to you.

personal capital Personal Capital is a free online accounts aggregator, net worth and expense tracker, portfolio planner and analyzer all in one. It offers a comprehensive overview of your investment portfolio allowing you to make adjustments to lower your expenses and improve your asset allocation.
Betterment is a simpler way to invest. Instead of doing your own investing, all you have to do is just answer a few questions about who you are and Betterment will automatically invest the money for you. Sign up today and get a $25 new account bonus.

About the Author

By , on May 1, 2013
Pinyo
Pinyo is the owner of Moolanomy Personal Finance. He is a licensed Realtor specializing in residential homes in the Northern Virginia area. Over the past 20 years, Pinyo has enjoyed a diverse career as an investor, entrepreneur, business executive, educator, and financial literacy author.

Best Low Cost Stock Brokers

Featured Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

*

Disclaimer

The information on this site is strictly the author's opinion. It does NOT constitute financial, legal, or other advice of any kind. You should consult with a certified adviser for advice to your specific circumstances.

While we try to ensure that the information on this site is accurate at the time of publication, information about third party products and services do change without notice. Please visit the official site for up-to-date information.

For additional information, please review our legal disclaimers and privacy policy.

Notice

Moolanomy has affiliate relationships with some companies ("advertisers") and may be compensated if consumers choose to buy or subscribe to a product or service via our links. Our content is not provided or commissioned by our advertisers. Opinions expressed here are author's alone, not those of our advertisers, and have not been reviewed, approved or otherwise endorsed by our advertisers.