Best Brokers For Mutual Funds: Ally Invest

TradeKing brokerage firm rating
  • Stocks & ETFs: $4.95
  • Options: $4.95 + $0.65 per contract or $3.95 + $0.50 per contract for high net worth or active traders
  • Mutual Funds: $9.95
  • Over 12,000 mutual funds, including load and no-load funds from most leading fund families
  • Lowest commissions on mutual funds ($9.95 buy or sell) among leading discount brokerage firms
  • Ally Invest's Mutual Fund Center helps investors find top performers, screen, see in-depth breakdowns of fund characteristics
  • The selection of mutual funds includes, but is not limited to funds American Funds, Fidelity, Charles Schwab, Chase Investments, Citi Fund Management Inc, Deutsche Bank AG (London), Dodge & Cox, Global X, Goldman Sachs & Co/GSAM, Guggenheim Investments, USAA, Vanguard, WisdomTree, WellsFargo.

 

Ally Invest Advantages

  • Very low commissions
  • Excellent customer support via email, phone and chat
  • Customizable trading platform with responsive design
  • Free DRIPs/Dividend Reinvestment plans (whole and fractional shares)
  • Free real time streaming quotes for active traders
  • Free access to MarketGrader's research reports
  • Extensive educational resources
  • Online banking
  • Extra hours trading

Ally Invest is the definition of a discount broker, offering low commission equity trades, extensive educational material and trading network. Ally Invest gets top marks for a history of excellent customer service and a new trading platform, Ally Invest LIVE, that is fully customizable and user friendly. The research tools are intuitive and easy-to-use, which is why Barron’s has rated Ally Invest very high for Site Usability the past few years. The investment choices are comparative with bigger names in the industry, and even include forex trading.

Ally Invest review »

 

Open Ally Invest Account For Mutual Fund Investing

Get $3.95 stock trades if you make 30+ trades per quarter or have 100K account balance.

 


The goal of a mutual fund is to make its investors money through capital gains and income through an underlying securities - stocks, bonds, money markets and other assets. The underlying securities help easily diversify investors' portfolios by investing in a single mutual fund.

With regard to investing in mutual funds, well-known big discount brokers such as Charles Schwab ($76), Fidelity ($49.99 or $75 for some funds) are often considered as the best. They are also reputable investing companies that have gained the trust of many customers. They all provide a large number of mutual funds, including their own selections of commission-free NTF funds. The number of funds available as well as the investing cost varies from broker to broker. The latter often is very steep for big-name brokerage companies though.

Very often, less-advertised online brokerage firms offer lower commissions on mutual funds (below $20) and, as their big competitors, also provide a great number of mutual funds with a selection of commission-free NTF funds. This selection of mutual funds can also include funds from well-known fund families like Fidelity, Schwab, T.Rowe Price, Vanguard, American, USAA and others.

 

 

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