Commission-free ETF brokers.
Top online brokerage firms with the best selections of zero cost exchange traded funds
With regard to investing in exchange-traded funds, well-known big investment firms often offer their selections of commission-free ETFs.
When choosing the best commission-free ETF online broker it is important to consider not only the number of zero-cost ETFs offered,
but also the number of ETF providers for broader diversification and an early redemption fee that charged only on sales of
participating ETFs held less than 30 days.
||Number Of Commission-Free ETFs
||Schwab, SPDR, Guggenheim, PowerShares, WisdomTree, John Hancock, Wilshire, Direxion, ProShares, JPMorgan and 6 more
- No early redemption fee for buying and selling the same ETF within a 30-day period.
||iShares, Powershares, SPDR®, Vanguard and 9 more
- Independently picked by Morningstar Associates
- In 2015, Forbes ranked TD Ameritrade's selection of commission-free ETFs as the best for investors who are looking for the most liquid and lowest-cost ETFs
- In 2014, ETF.com ranked TD Ameritrade as the Best Online Broker for ETF-Focused Investors
- Asset allocation and dollar-cost averaging with no commissions
- $19.99 early redemption fee
||WisdomTree, Global X Management Company, and LLC and Deutsche Asset Management
- A short-term trading fee on sales of participating ETFs held less than 30 days is $19.95
||Fidelity and iShare
- Fidelity charges a $7.95 short-term trading fee if funds are held less than 30 days.
- ETF screeners for simplifying the process of finding ETFs, market tracker for ETFs and experts' commentary.
- The lowest expense ratios ETFs
- There is no early redemption fees and charges
||FactorShares and Global X
- Each FactorShares ETF combines two indexed positions – one long and one short – into a single exchange- traded fund
- For a short-term trading fee details visit Interactive Brokers.com
- For a short-term trading fee details contact USAA Investments.
Commission-Free ETFs Brokers
Charles Schwab offers a selection of 200 commission-free exchange-traded funds, which was developed by
experts at Charles Schwab Investment Advisory and includes funds from 16 leading ETF providers. There are extensive ETF research and helpful screeners.
Here is what Forbes said about Schwab's collection of ETFs in 2015: "As the largest retail brokerage firm,
Schwab has the leverage to negotiate a favorable deal with most ETF providers. As a result, Schwab features the greatest
number of commission-free ETFs. However, as an ETF provider itself, undoubtedly one of Schwab’s goals is to leverage
their commission-free ETF program to drive assets into their own ETFs. Don’t expect to find commission-free ETFs that compete head-to-head
with their own offerings. In fact, you won’t find a single iShares ETF on their commission-free ETF list."
The list of commission-free ETFs offered by Schwab is updated quarterly. As of September 2016, there are ETFs from 16 ETF providers including Schwab.
Open Charles Schwab account today.
TD Ameritrade. As of September 2016, TD Ameritrade offers 101 commission-free ETFs. The arrays of Ameritrade's ETFs with no
cost are independently picked by Morningstar Associates as the best ETFs in many categories such as fixed income, equity, commodities and more.
ETF Market Center offers investors ETF screeners and the technical analysis and objective fundamental research tools to
select ETFs for their portfolio. TD Ameritrade ETF Knowledge Center provides basic and in-depth information on subjects like risks associated with leveraging,
accessing commodities and measuring ETF liquidity. The broker offers real-time ETF quotes, market insight and streaming news are
available through the Trade Architect® and thinkorswim®, the two advanced free trading platforms.
Join TD Ameritrade. Trade free for 60 days + Get up to $600.
Etrade Etrade offers 100 commission-free exchange-traded funds.
ETF Quick Search tool is offered for finding ETFs best suited for clients' investing objectives.
Three ETF providers include WisdomTree, Global X Management Company, and LLC and Deutsche Asset Management.
The company charges only a $19.95 early redemption fee on sales of participating ETFs held less than 30 days.
The fee can be reduced to $15.99 for 150+ stock/option trades per quarter.
Open Etrade account today.
Fidelity Investments. Fidelity Investments offers 3 Fidelity active fixed-income ETFs; 11 of Fidelity
sector ETFs; and 84 commission-free exchange-traded funds, which include 70 ETFs from iShare, the world's leading ETF provider.
ETF screeners, market tracker for ETFs and experts' commentary are provided for simplifying the process of finding ETFs.
Fidelity charges a $7.95 short-term trading fee if funds are held less than 30 days.
Open Fidelity Investments account today.
Vanguard. Vanguard offers all of its 67 Vanguard ETFs without commissions.
There is no early redemption fees and charges.
Here is what Kiplinger's noted about Vanguard's selection of exchange-traded funds: "Vanguard’s free ETFs carry, on average,
the lowest expense ratios among the five brokers. But don’t look to Vanguard for exotic ETFs. All of its free ETFs are either
stock or bond funds, making Vanguard suitable for the keep-it-simple crowd."
Open Vanguard account today.
Interactive Brokers. Each FactorShares ETF combines two indexed positions – one long and one short – into a single exchange-traded fund. Evaluate the
following funds to determine if you can simplify spread trading and take advantage of capital and cost efficiencies with FactorShares.
Global X Management Company LLC is a New York-based provider of exchange-traded funds that facilitates access to investment opportunities across the
global markets. The firm currently manages exchange-traded funds that target Commodity Producers, Developed Markets, Emerging Markets, Special
Opportunities and Income Producers.
Open an account with Interactive Brokers.
USAA Investments. USAA Investments offers only 12 commission-free ETFs from Fidelity. Still better than nothing!
Contact USAA Investment Management Company for early redemption fees and charges.
- Fidelity MSCI Consumer Discr Index ETF (FDIS)
- Fidelity MSCI Consumer Staples Index ETF (FSTA)
- Fidelity MSCI Energy Index ETF (FENY)
- Fidelity MSCI Financials Index ETF (FNCL)
- Fidelity MSCI Health Care Index ETF (FHLC)
- Fidelity MSCI Industrials Index ETF (FIDU)
- Fidelity MSCI Info Tech Index ETF (FTEC)
- Fidelity MSCI Materials Index ETF (FMAT)
- Fidelity MSCI Real Estate Index ETF (FREL)
- Fidelity MSCI Telecom Services Index (FCOM)
- Fidelity MSCI Utilities Index ETF (FUTY)
- Fidelity Nasdaq Comp Index Track (ONEQ)
Open an account with USAA Investments.
Today, some of the largest brokerage firms offer selections of commission-free ETFs. Of course, some purchase and redemption fees may apply
when investing in ETFs. It depends on the fund and how long investors have held the investment.
Just like there are a variety of mutual funds, there are a variety of exchange-traded funds, each having different objectives.
Some ETFs are invested in a variety of stocks and bonds, some replicate the performance of a stock index, and other track the
performance of a particular market sector like health care or technology.
Unlike the firms mentioned above, other well-known brokerage firms like Merrill Edge, Scottrade, Optionshouse, Capital One Investing,
Vanguard, T.Rowe Price, USAA Investing and TradeKing do not offer commission-free exchange-traded funds. Some of the firms offer an extensive
selection of ETFs that can be purchased for a standard commission rate.