Intro and winners
Top 5 brokers for funds in the US in 2023:
- Ally Invest is the best broker for trading funds 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. 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.
How did BrokerChooser pick the best brokers for funds?
- We checked whether the broker is overseen by a trusted regulator,
- Compared fees (including spreads, withdrawal fee, commission),
- 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 fine-tune our methodology every year based on our own and 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 in the US 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 | Account activated in | Number of available fund providers |
---|---|---|---|
Ally Invest | $0 | 1-3 days | 600 |
Firstrade | $0 | 1-3 days | 450 |
Interactive Brokers | $0 | 1-3 days | 400 |
Charles Schwab | $0 | 1 day | 600 |
Vanguard | $0 | 1-3 days | 344 |
Best online brokers for funds in the US 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.
Ally Invest | Firstrade | Interactive Brokers | Charles Schwab | Vanguard | |
---|---|---|---|---|---|
Fund fee class | Low | Low | Average | High | High |
Mutual fund | $10.0 | $0.0 | $15.0 | $25.0 | $20.0 |
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 in the US 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.
Ally Invest | Firstrade | Interactive Brokers | Charles Schwab | Vanguard | |
---|---|---|---|---|---|
Account fee | No | No | No | No | No |
Inactivity fee | No | No | No | No | No |
Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
Deposit fee | $0 | $0 | $0 | $0 | $0 |
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And now, let's see the top brokers for funds one by one, starting with the winner, Ally Invest.

#1 Best brokers for funds in the US
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 in the US
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 in the US
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 in the US
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 in the US
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 |
Best online brokers for funds in the US in 2023 - Fee comparison included
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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