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Best brokers for funds for Europeans in 2023

Find below the best brokers for mutual fund investing available in Europe, updated for 2023:
  1. 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.
  2. Firstrade - Free stock, ETF, fund and options trading. Solid research tools. Quality educational tools.
  3. 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.
  4. Charles Schwab - Free stock and ETF trading. Outstanding research. Great customer service.
  5. Vanguard - Stocks and ETFs are free to trade. Easy account opening. Great mobile trading platform.
  6. TD Ameritrade - Low trading fees (free stock and ETF trading). Superb desktop trading platform. Great customer support.
  7. E*TRADE - Low trading fees (free stock and ETF trading). User-friendly mobile trading platform. Great research tools.
  8. Fidelity - Commission-free US stocks and ETFs. Great trading platforms and research. US and international stocks.
  9. J.P. Morgan Self-Directed Investing - Commission-free US stocks, ETFs, funds and bonds. Fast and fully digital account opening. Well-established parent company.
  10. Zacks Trade - Low fees. Extensive stock and ETF selection. Great customer service.

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
Best brokers for funds key data compiled for June 2023

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.

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
Fees at the top brokers for funds in June 2023

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
Non-trading fees at the top brokers for funds in June 2023

And now, let's see the top brokers for funds one by one, starting with the winner, Ally Invest.

Ally Invest Logo

#1 Best brokers for funds for Europeans
Ally Invest

Recommended for investors and traders looking for low fees and focusing on the us market

Visit broker

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
Firstrade Logo

#2 Best brokers for funds for Europeans
Firstrade

Recommended for beginners and investors looking for zero-commission trading, focusing on the us market

Visit broker

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
Interactive Brokers Logo

#3 Best brokers for funds for Europeans
Interactive Brokers

Recommended for traders looking for broad market access and a professional trading environment

Visit broker

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
Charles Schwab Logo

#4 Best brokers for funds for Europeans
Charles Schwab

Recommended for investors and traders looking for solid research, low fees and great customer service

Visit broker

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
Vanguard Logo

#5 Best brokers for funds for Europeans
Vanguard

Recommended for long-term investors looking for great etf and mutual fund selection

Visit broker

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
TD Ameritrade Logo

#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

Visit broker

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
E*TRADE Logo

#7 Best brokers for funds for Europeans
E*TRADE

Recommended for investors and traders looking for solid research and a great mobile trading platform

Visit broker

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
Fidelity Logo

#8 Best brokers for funds for Europeans
Fidelity

Recommended for investors and traders looking for solid research and great trading platforms

Visit broker

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
J.P. Morgan Self-Directed Investing Logo

#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

Visit broker

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
Zacks Trade Logo

#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

Visit broker

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.
Save hours of research!
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

Author of this article

Gyula Lencsés, CFA

Author of this article

Gyula has more than 10 years of experience in the financial industry. He spent most of his career in the wealth management business as a portfolio manager of mutual funds. He has trading experience in a wide range of asset classes, including stocks, ETFs, bonds, commodities, forex, and derivatives markets. He joined BrokerChooser in 2020 and his aim is to make finding the best brokers in a rapidly changing investment world as easy as possible.

Gyula Lencsés, CFA

Head of Content

Gyula has more than 10 years of experience in the financial industry. He spent most of his career in the wealth management business as a portfolio manager of mutual funds. He has trading experience in a wide range of asset classes, including stocks, ETFs, bonds, commodities, forex, and derivatives markets. He joined BrokerChooser in 2020 and his aim is to make finding the best brokers in a rapidly changing investment world as easy as possible.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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