5 Best Brokers for Mutual Funds
Investment
Benzinga

5 Best Brokers for Mutual Funds

July 22, 2025
03:32 PM
9 min read
AI Enhanced
investmentwealthfinancialfinancialstechnologymarket cyclesseasonal analysismarket

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The post 5 Best Brokers for Mutual Funds by Ryan Peterson appeared first on Benzinga. Visit Benzinga to get more great content like this. Mutual funds remain a cornerstone of long-term investing, offe...

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9 min read

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investment

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Published

July 22, 2025

03:32 PM

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Benzinga

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investmentwealthfinancialfinancialstechnologymarket cyclesseasonal analysismarket

From an analytical perspective, Mutual funds remain a cornerstone of long-term, offering instant diversification, fessional management and access to strategies tailored for retirement, wealth building, and income generation (this bears monitoring)

However, Moreover, For investors focused on buy-and-hold growth, the right brokerage can make a meaningful difference, and not returns, but in fees, fund access, and portfolio support

The best brokers for mutual fund investors focus on platforms that combine low-cost access with re tools and retirement planning features

Whether you're building a Roth IRA or diversifying a taxable portfolio, these brokers offer access to no-load, no-transaction-fee (NTF) funds and long-term financial planning features (quite telling)

Table of ContentsHow We Chose the Best Brokers for Mutual Funds5 Best Brokers for Mutual FundsFidelity – Best Overall See All 10 ItemsHow We Chose the Best Brokers for Mutual FundsWe applied our methodology prioritizing the features most important to mutual fund investors

Nevertheless, Brokers were assessed across six key criteria:Fund Access: Breadth and variety of mutual funds offered, including access to NTF and no-load options

Fee Structure: Low or no transaction fees on mutual fund purchases, and overall affordability based on expense ratios and account minimums, given the current landscape

Retirement Account Availability: Support for IRAs, Roth IRAs, 401(k) rollovers, and long-term tax-advantaged

Conversely, Dividend Reinvestment: Availability of automatic dividend reinvestment plans (DRIPs) and scheduled tools (something worth watching)

Education & Tools: Tutorials, calculators, and guides that support retirement planning and fund re

Fund Screening: Easy-to-use fund comparison and ing tools based on performance, expenses, and risk

All brokers listed are insured by the Securities Investor tection Corporation ​​(SIPC) and vide secure digital access to manage long-term investments

In contrast, 5 Best Brokers for Mutual FundsWhether you're building a diversified retirement portfolio or adding to a tax-advantaged investment plan, the mutual fund brokers below offer the tools and access that long-term investors look for to stay on track, in today's market environment

Nevertheless, Fidelity – Best Overall Fidelity Investments ReviewBest For:Stock ReVIEW S & CONS:securely through Fidelity Investments's websiteGet Started with Fidelity InvestmentsFidelity sets the gold standard for mutual fund, offering access to over 3,400 NTF funds

With no minimum investment on its Zero Index Funds and no commissions on fund trades, Fidelity appeals to investors of all sizes

Conversely, The platform also vides a full suite of retirement accounts, screening tools, and goal-based planning features

Furthermore, Market analysis shows s FundsNetwork allows investors to by performance, fees, risk, and fund category, making it easier to compare top options

Investors can also enroll in automatic investment plans and dividend reinvestment with no extra cost

Key Features:Fees: $0 commissions on NTF funds; expense ratios vary by fundFund Access: 10,000+ mutual funds; 3,400+ NTFRetirement: Roth/Traditional IRAs, rollover supportTools: Retirement planning calculators, fund comparison screenersDrawbacks: Non-NTF funds may have a $49. 95 transaction feeCharles Schwab – Best for U. -Based No-Load Fund AccessCharles Schwab ReviewBest For:Fund VIEW S & CONS:securely through Charles Schwab's websiteGet Started with Charles SchwabCharles Schwab gives investors access to over 4,000 NTF mutual funds, including its own line of competitively priced Schwab Funds

Conversely, While other brokers E*TRADE and IBKR may offer more funds numerically, Schwab stands out for the depth and accessibility of domestic fund choices with no load, no commissions, and no minimums, making it ideal for long-term investors who value cost-efficiency and simplicity, in today's market environment

Nevertheless, Schwab’s retirement center offers planning tools for IRAs, required minimum distributions (RMDs), and 401(k) rollovers

However, With no account minimums and strong customer service, it’s ideal for both beginners and advanced investors, in this volatile climate

Meanwhile, Key Features:Fees: $0 commissions on NTF funds; no account minimumsFund Access: 10,000+ mutual funds; 4,000+ NTFRetirement: Broad IRA support; RMD calculatorsTools: Advanced fund screeners and Morningstar dataDrawbacks: Some platform tools require manual Interactive Brokers – Best for Global Fund AccessInteractive Brokers ReviewBest For:Active and Global TradersVIEW S & CONS:Securely through Interactive Brokers’ websiteGet Started with Interactive BrokersInteractive Brokers (IBKR) is an excellent choice for mutual fund investors who want broad international exposure and industry-low fees

Moreover, On the other hand, With access to over 43,000 mutual funds globally, including more than 18,000 with no transaction fees, IBKR is one of the most fund-diverse platforms on the market

On the other hand, It's particularly well-suited for investors looking to include global or niche strategies in their portfolios

Additionally, Beyond selection, IBKR appeals to cost-conscious, long-term investors thanks to its transparent pricing and no-load, low-expense ratio options

The evidence shows platform supports automated reinvestment, and investors can take advantage of IBKR’s PortfolioAnalyst tool to track performance, asset allocation, and income over time

While it’s not as beginner-focused as some retail brokers, experienced investors will appreciate the depth of features and global reach, in today's financial world

Conversely, Key Features:Fees: 18,000 mutual funds with no transaction fees; low-cost executionFund Access: 43,000+ funds globally, including U

And international optionsTools: PortfolioAnalyst, performance benchmarking, automated reinvestmentAccounts: Supports IRAs, Roth IRAs, and taxable accountsDrawbacks: Platform interface is complex for new investorsE*TRADE – Best for Automated OptionseTrade ReviewBest For:Mobile TradersVIEW S & CONS:securely through ETRADE's websiteGet Started with eTradeE*TRADE offers over 4,400 no-load, NTF mutual funds and a strong selection of pre-built portfolios for investors who want more guidance

Its Core Portfolios robo-advisor option starts at just $500 and includes automatic rebalancing using low-cost mutual funds and ETFs, in today's financial world

Moreover, E*TRADE’s desktop and mobile interfaces are designed for usability, and its Mutual Fund Screener tool offers ing based on fees, performance, and risk (this bears monitoring)

Dividend reinvestment and auto-invest tools round out the platform’s long-term support

At the same time, Key Features:Fees: $0 on NTF funds; Core Portfolios start at 0, in this volatile climate

Nevertheless, At the same time, 30%Fund Access: 5,000+ mutual funds; 4,400+ NTFRetirement: IRA, Roth IRA, rollover optionsTools: Robo-advisor support, retirement goal planningDrawbacks: No fractional s for mutual fundsVanguard – Best for Low-Cost Index Fund Vanguard ReviewBest For:ETF and Mutual Fund VIEW S & CONS:securely through Vanguard Personal Advisor Services's websiteGet Started with VanguardVanguard is synonymous with mutual fund, especially for index and retirement-focused investors

Furthermore, Its prietary funds, such as the Vanguard Total Stock Market Index Fund (VTSAX), have some of the lowest expense ratios in the industry (something worth watching)

However, While Vanguard’s platform is more basic than others, its long-term focus and fund quality are unmatched

Conversely, Vanguard requires a $1,000 minimum for most mutual funds, but offers automatic, dividend reinvestment, and IRAs with strong support

It’s an ideal platform for serious, long-term investors focused on wealth accumulation

Key Features:Fees: No transaction fees on Vanguard fundsFund Access: 160 Vanguard funds; 3,000+ outside mutual fundsRetirement: IRA, Roth IRA, 401(k) rolloversTools: Simple goal planning tools, allocation calculatorsDrawbacks: Higher minimums; platform less modernWhy Fund Access and Fees MatterChoosing the right broker for mutual fund isn’t just who charges the least, it’s how well the platform supports long-term financial goals

A broad fund selection is critical, especially when it includes access to thousands of no-load and no-transaction-fee (NTF) mutual funds

Market analysis shows se reduce the friction of frequent contributions and rebalancing while preserving more capital to stay invested

Equally important are fund expense ratios

Conversely, Even a seemingly small difference in fees, say, 0. 00% can translate into tens of thousands of dollars lost to fees over the life of a portfolio (something worth watching), amid market uncertainty

Moreover, The right broker will also offer retirement account support, including Roth IRAs, Traditional IRAs, and rollover capabilities from 401(k) plans

Automated features recurring deposits, automatic dividend reinvestment, and target-date fund options make it easier to stay disciplined through market cycles

At the same time, Long-term investors benefit when a platform does more than just execute trades; it should act a co-pilot for retirement planning, helping users stay focused on growth and risk-adjusted returns over time

On the other hand, Goal-setting tools and educational content tailored to mutual fund can also make a meaningful difference, especially for new investors or those managing complex portfolios, in today's market environment

Many top-tier brokers vide screeners that help users compare performance, risk metrics, and fund objectives side by side (which is quite significant), considering recent developments

Whether you're for retirement, education, or generational wealth, choosing a broker with the right fund access, cost transparency, and automation features can be the difference between simply saving and strategically building wealth

In contrast, Choose a Broker That Aligns With Your GoalsEach of these platforms serves a different kind of investor

Fidelity and Charles Schwab lead for broad access and strong planning tools

Additionally, Vanguard is perfect for index fund purists

IBKR stands out for global fund access, while E*TRADE ders flexibility with automation options, in this volatile climate

On the other hand, The best mutual fund broker for you will align with your investment horizon, fee sensitivity, and need for guidance vs

Additionally, Take time to compare features, test fund screeners, and ensure your long-term goals can grow with the platform you choose, amid market uncertainty

Moreover, Frequently Asked QuestionsQWhat is a no-load mutual fund, amid market uncertainty

Additionally, AA no-load mutual fund does not charge a commission or sales fee when you buy or sell s

Moreover, This structure benefits long-term investors by minimizing upfront and recurring costs, allowing more capital to remain invested

QWhat does NTF mean in mutual fund

In contrast, ANTF stands for No Transaction Fee

This leads to the conclusion that se funds can be bought and sold without incurring brokerage commissions

Many leading platforms, such as Fidelity and Schwab, offer access to thousands of NTF funds to encourage cost-efficient

QCan I invest in mutual funds within a retirement account (fascinating analysis)

Mutual funds are commonly used within IRAs, Roth IRAs, and 401(k) rollovers

Most brokers on this list offer full support for retirement accounts, including automated contributions, tax-advantaged growth, and tools to plan around RMDs, given current economic conditions.