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 December 21, 2016.
||TradeKing earned 4-Star Rating in Barron’s Online Broker Survey for 10 year in a row, 2007-2016.
||OptionsXpress is a Charles Schwab company. It is rated Barron’s 4+ stars for 2002-2012. Open an account today and receive $100.
||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.
Fees are lower for high volume traders.
||Open and fund an OptionsHouse account to receive up to $1,000 worth of commissions on online trades for a full 60 days.
||Fidelity boasts a robust mix of investments, tools and banking services.
||Open an account today and trade free for 60 days, and get up to $600 based on your deposit amount.
||Schwab has a well-rounded services and products portfolio, and offers more advice and research than many competitors.
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, TradeKing, and OptionsHouse offers the right balance between trade commission, research tools, and funds availability.
In addition to the brokers listed above here are additional websites that might be of interest to you.
|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.|
Pinyo is the owner of Moolanomy Personal Finance and a Realtor® licensed in Virginia and Maryland. Over the past 20 years, Pinyo has enjoyed a diverse career as an investor, entrepreneur, business executive, educator, financial literacy author, and Realtor®.