February 19, 2010
I Am New Into Investing. Do You Know Which Online Trading Company Is Good And Cheap For Buying Mutual Funds ?
Which Online traders are good and cheap for buying and selling mutual funds ?
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You can buy no fee, no load from fidelity.com & vanguard.com, which manage their own funds.
Scottrade
tradeking.com *** cheapest
schwab.com
fidelity.com
ameritrade.com
scottrade.com
etrade.com
vanguard.com
all have various strengths and weaknesses… Vanguards funds are the lowest cost funds overall.
I would try Ameritrade. I’ve heard that they offer fairly good service. They are about $9.99 a trade. You buy and sell the funds using their traded symbol (which you can lookup on Yahoo! finance (http://finance.yahoo.com). Ameritrade usually has free deals like 30 free trades in the first month or something like that. I believe Scottrade is a little cheaper, but I’m not sure what kind of service they provide. Hope that helps!