Intro and winners
Find below the best brokers for mutual fund investing available in Europe, updated for 2023:
- Ally Invest is the best broker for mutual fund investing in 2023 - Low trading and non-trading fees. Easy and fully digital account opening. Great education.
- Firstrade - Free stock, ETF, fund and options trading. Solid research tools. Quality educational tools.
- Interactive Brokers - Low trading fees and high interest (up to 4.58% for USD) on cash balances. Wide range of products. Many great research tools.
- Charles Schwab - Free stock and ETF trading. Outstanding research. Great customer service.
- Vanguard - Stocks and ETFs are free to trade. Easy account opening. Great mobile trading platform.
- TD Ameritrade - Low trading fees (free stock and ETF trading). Superb desktop trading platform. Great customer support.
- E*TRADE - Low trading fees (free stock and ETF trading). User-friendly mobile trading platform. Great research tools.
- Fidelity - Commission-free US stocks and ETFs. Great trading platforms and research. US and international stocks.
- J.P. Morgan Self-Directed Investing - Commission-free US stocks, ETFs, funds and bonds. Fast and fully digital account opening. Well-established parent company.
- Zacks Trade - Low fees. Extensive stock and ETF selection. Great customer service.
Table of contents
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1. Intro and winners
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2. Comparison of top brokers for funds in 2023
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3. Fee comparison of the best brokers for funds
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4. Non-trading fees at the best brokers for funds
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5. Ally Invest
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6. Firstrade
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7. Interactive Brokers
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8. Charles Schwab
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9. Vanguard
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10. TD Ameritrade
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11. E*TRADE
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12. Fidelity
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13. J.P. Morgan Self-Directed Investing
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14. Zacks Trade
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15. Didn't find the best broker for you?
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16. How did BrokerChooser pick the best brokers for Funds?
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17. FAQ
Top 10 brokers
Get your personalized toplist:
Best online brokers for funds for Europeans in 2023 - Fee comparison included
Comparison of top brokers for funds in 2023
While many brokers and trading platforms offer an excellent service, the ones in our toplist go the extra mile.
| Broker | Minimum deposit | Time to open account |
|---|---|---|
| Ally Invest | $0 No minimum account balance | 1-3 days |
| Firstrade | $0 No minimum deposit | 1-3 days |
| Interactive Brokers | $0 $0 for non-margin client accounts, $2,000 for margin accounts. (A margin account is where you trade with borrowed money, also known as leverage.) | 1-3 days |
| Charles Schwab | $0 $0 for US clients and $25,000 for non-US clients | 1 day |
| Vanguard | $0 No minimum deposit; however, for funds and ETFs there is an investment minimum (starting with $1,000). | 1-3 days |
| TD Ameritrade | $0 $0 for US non-margin accounts, $2,000 for US margin accounts, and clients in Malaysia and Singapore are recommended to start with $3,500. | 1-3 days |
| E*TRADE | $0 No minimum deposit for non-margin brokerage account, while $2,000 for margin accounts and $500 for Core Portfolios | 1-3 days |
| Fidelity | $0 No minimum account balance | 1-3 days |
| J.P. Morgan Self-Directed Investing | $0 No minimum account balance | 1 day |
| Zacks Trade | $0 No minimum deposit, but Zacks Trade recommends to open an account with $2500 | >3 days |
Popularity of the best broker for funds for Europeans
Interested in what others think? Here's how many people chose these brokers at BrokerChooser in the last 6 months.
Popularity
2,645
5,689
170,157
11,605
6,549
20,599
7,434
16,877
6,283
Best online brokers for funds for Europeans in 2023 - Fee comparison included
Fee comparison of the best brokers for funds
How much you have to pay for a trade in spreads, commission and other trading costs is a key broker selection criteria. Check out how much you have to pay in fees for trading mutual funds at these top brokers.
| Broker | Fund fee class | Mutual fund |
|---|---|---|
| Ally Invest | Low | $10.0 $9.95 per trade |
| Firstrade | Low | $0.0 $0 per trade |
| Interactive Brokers | Average | $15.0 $14.95 per transaction or 3% of trade value, whichever is lower |
| Charles Schwab | High | $25.0 Up to $49.95 or 74.95 for buying while selling is free; there are also around 4,000 free mutual funds |
| Vanguard | High | $20.0 $20 per trade if investment is less than $500k, but Vanguard funds and 3000 other funds are free |
| TD Ameritrade | High | $50.0 $49.99 per transaction, although there are also ca. 4,000 free funds |
| E*TRADE | High | $20.0 $19.99 per trade; ca. 4,500 free mutual funds |
| Fidelity | High | $37.5 $49.95 or $75 for buying while selling is free; some 3,600 free mutual funds |
| J.P. Morgan Self-Directed Investing | Low | $0.0 $0 per trade |
| Zacks Trade | High | $27.5 $27.50 per transaction |
Our calculations exclude ongoing fees (expense ratio), front-load and redemption fees, short-term redemption fees, and performance fees.
If you are unsure how brokerage fees work, check out our article on the various fees, charges and costs.
Best online brokers for funds for Europeans in 2023 - Fee comparison included
Non-trading fees at the best brokers for funds
Non-trading fees are charges not directly related to a given trade and typically include the account maintenance fee, deposit/withdrawal fees, and the inactivity fee.
| Broker | Account fee | Inactivity fee |
|---|---|---|
| Ally Invest | No account fee | No inactivity fee |
| Firstrade | No account fee | No inactivity fee |
| Interactive Brokers | No account fee | No inactivity fee |
| Charles Schwab | No account fee | No inactivity fee |
| Vanguard | $20 per year for standard accounts unless you hold $10,000+ or choose electronic statements | No inactivity fee |
| TD Ameritrade | No account fee | No inactivity fee |
| E*TRADE | No account fee | No inactivity fee |
| Fidelity | No account fee | No inactivity fee |
| J.P. Morgan Self-Directed Investing | No account fee | No inactivity fee |
| Zacks Trade | No account fee | $15 per month, but waived for account balances above $25,000 |
And now, let's see the top brokers for funds one by one, starting with the winner, Ally Invest.
#1 Best brokers for funds for Europeans
Ally Invest
Recommended for investors and traders looking for low fees and focusing on the us market
| Ally Invest snapshot | |
|---|---|
| Minimum deposit | $0 |
| Deposit method | Bank transfer |
| Withdrawal method | Bank transfer |
| Withdrawal fee | $0 |
| Trading platform score | 3.3 stars |
| Read review | For a detailed analysis of Ally Invest services, check out our review for 2023 |
#2 Best brokers for funds for Europeans
Firstrade
Recommended for beginners and investors looking for zero-commission trading, focusing on the us market
| Firstrade snapshot | |
|---|---|
| Minimum deposit | $0 |
| Deposit method | Bank transfer |
| Withdrawal method | Bank transfer |
| Withdrawal fee | $0 |
| Trading platform score | 3.9 stars |
| Read review | For a detailed analysis of Firstrade services, check out our review for 2023 |
#3 Best brokers for funds for Europeans
Interactive Brokers
Recommended for traders looking for broad market access and a professional trading environment
| Interactive Brokers snapshot | |
|---|---|
| Minimum deposit | $0 |
| Deposit method | Bank transfer |
| Withdrawal method | Bank transfer |
| Withdrawal fee | $0 |
| Trading platform score | 3.6 stars |
| Read review | For a detailed analysis of Interactive Brokers services, check out our review for 2023 |
#4 Best brokers for funds for Europeans
Charles Schwab
Recommended for investors and traders looking for solid research, low fees and great customer service
| Charles Schwab snapshot | |
|---|---|
| Minimum deposit | $0 |
| Deposit method | Bank transfer |
| Withdrawal method | Bank transfer |
| Withdrawal fee | $0 |
| Trading platform score | 4.1 stars |
| Read review | For a detailed analysis of Charles Schwab services, check out our review for 2023 |
#5 Best brokers for funds for Europeans
Vanguard
Recommended for long-term investors looking for great etf and mutual fund selection
| Vanguard snapshot | |
|---|---|
| Minimum deposit | $0 |
| Deposit method | Bank transfer |
| Withdrawal method | Bank transfer |
| Withdrawal fee | $0 |
| Trading platform score | 4.1 stars |
| Read review | For a detailed analysis of Vanguard services, check out our review for 2023 |
#6 Best brokers for funds for Europeans
TD Ameritrade
Recommended for investors and traders looking for solid research and a well-equipped desktop trading platform
| TD Ameritrade snapshot | |
|---|---|
| Minimum deposit | $0 |
| Deposit method | Bank transfer |
| Withdrawal method | Bank transfer |
| Withdrawal fee | $0 |
| Trading platform score | 4.6 stars |
| Read review | For a detailed analysis of TD Ameritrade services, check out our review for 2023 |
#7 Best brokers for funds for Europeans
E*TRADE
Recommended for investors and traders looking for solid research and a great mobile trading platform
| E*TRADE snapshot | |
|---|---|
| Minimum deposit | $0 |
| Deposit method | Bank transfer |
| Withdrawal method | Bank transfer |
| Withdrawal fee | $0 |
| Trading platform score | 4.5 stars |
| Read review | For a detailed analysis of E*TRADE services, check out our review for 2023 |
#8 Best brokers for funds for Europeans
Fidelity
Recommended for investors and traders looking for solid research and great trading platforms
| Fidelity snapshot | |
|---|---|
| Minimum deposit | $0 |
| Deposit method | Bank transfer, PayPal, Venmo, Apple Pay |
| Withdrawal method | Bank transfer, PayPal, Venmo, Apple Pay |
| Withdrawal fee | $0 |
| Trading platform score | 4.7 stars |
| Read review | For a detailed analysis of Fidelity services, check out our review for 2023 |
#9 Best brokers for funds for Europeans
J.P. Morgan Self-Directed Investing
Recommended for beginners and buy-and-hold investors focusing on the us stock market
| J.P. Morgan Self-Directed Investing snapshot | |
|---|---|
| Minimum deposit | $0 |
| Deposit method | Bank transfer |
| Withdrawal method | Bank transfer |
| Withdrawal fee | $0 |
| Trading platform score | 3.6 stars |
| Read review | For a detailed analysis of J.P. Morgan Self-Directed Investing services, check out our review for 2023 |
#10 Best brokers for funds for Europeans
Zacks Trade
Recommended for traders and investors looking for comprehensive research tools, a wide product selection and low fees
| Zacks Trade snapshot | |
|---|---|
| Minimum deposit | $0 |
| Deposit method | Bank transfer |
| Withdrawal method | Bank transfer |
| Withdrawal fee | $0 |
| Trading platform score | 3.6 stars |
| Read review | For a detailed analysis of Zacks Trade services, check out our review for 2023 |
Best online brokers for funds for Europeans in 2023 - Fee comparison included
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Best online brokers for funds for Europeans in 2023 - Fee comparison included
How did BrokerChooser pick the best brokers for Funds?
- We checked whether the broker is regulated by a trusted regulator,
- Compared fees (including spreads, withdrawal fee, commission),
- We paid special attention to forex fees,
- Checked minimum deposit requirements,
- Opened an account and tested the platform (charting, features, usability) with real money.
Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology.
BrokerChooser evaluates 9 key areas for all brokers including fees, safety, ease of account opening, education, and trading platforms. We check more than 500 criteria for each broker and finetune our methodology every year based on our own and our users' experiences. We have more than 100 brokers reviewed on our site and our team of analysts examines more than 50,000 data points overall.
Best online brokers for funds for Europeans in 2023 - Fee comparison included
FAQ
What makes a good broker for funds?
At BrokerChooser, we test online brokers along more than 500 criteria, using real accounts and real money. The following considerations weighed more heavily when our experts compiled the top list of the best brokers for funds:
- Trading fees charged for funds
- Non-trading fees such as inactivity fee
- Wide range of products, especially mutual funds
- Broker safety
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