Mutual Funds on Moomoo
Moomoo provides commission-free trading, and its broker accounts have no required minimums or maintenance fees.
If you’re interested in trading mutual funds, you’ll be disappointed to learn that Moomoo doesn’t offer them.
This article will introduce an alternative broker that provides access to
10,000+ mutual funds for free.
Overview of Firstrade’s Free Mutual Fund Trading
Firstrade has become a zero-commission broker, meaning that buying and selling most securities (except for fixed-income products) is free. Every mutual fund on the platform has no transaction fee, and many of them are also no-load. Is this the ideal broker for mutual fund investors? Let’s find out.
Mutual Fund Education at Firstrade
Before investing your savings, it’s important to understand what you’re doing. In our Firstrade test account, we found an education center with one article and no videos on mutual funds. In comparison, TD Ameritrade offers several videos on mutual fund basics, and Fidelity provides several articles.
Firstrade’s Mutual Fund Screener
Firstrade’s mutual fund screener can be found by clicking ‘Research & Tools’ on the top menu, then selecting ‘Screeners’ and choosing ‘Mutual Funds Screener.’ Be sure to choose ‘Mutual Funds Screener’ and not the options for stocks or ETFs.
The screener includes many search options, like load status, manager tenure, Morningstar rating, total assets, fund family, and initial investment amount. We found 3,412 no-load funds, and a total of 8,340 funds are available for purchase. All of these funds have no transaction fee.
Screen results are organized into tabs, each with sortable options. For instance, under the Performance tab, you can sort by year-to-date return, 3-year return, recent price, or ticker symbol.
One feature we appreciate is the ability to save a search, which makes it faster to look for the same type of funds with the same criteria in the future.
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Profile Pages
In search results, clicking a ticker symbol opens the fund’s profile page. A profile page can also be accessed by typing a fund’s ticker in the search box in the upper-right corner and clicking Go.
Firstrade is unique in that it pulls information directly from Morningstar, displaying it as the fund’s profile, complete with Morningstar’s fonts, images, and graphs.
Though not original, the profile contains a lot of data. A style box for bond funds shows interest-rate sensitivity horizontally and credit quality vertically. It also includes the growth of $10,000, compared to the fund’s category average and an index.
Morningstar’s risk and return ratings are also shown for past and predicted performance. Stars indicate past performance, while medals (gold, silver, bronze) indicate analysts’ predictions for future performance.
At the top of the profile page, there’s an option to add a fund to a watchlist and download its prospectus. Next to these options are orange buy and sell buttons.
Fund Examples
One example of a no-load fund we found using Firstrade’s screener is BACSX, the BlackRock All-Cap Energy & Resources Fund. The minimum investment is $5,000, and its expense ratio is on the high side at 1.38%. It’s a small fund with $68 million in assets.
Although it’s labeled “all-cap,” Morningstar’s style box shows BACSX mainly invests in large-cap and giant-cap companies. Its top holdings include ExxonMobil, Royal Dutch Shell, and BP. The fund pays dividends annually in December.
In terms of performance, the fund’s worst year was 2008 with a -53.14% return, but it rebounded in 2009 with a 66% gain. Over the long term, it has underperformed the S&P 500.
A second fund we found (with a load) is the AllianzGI International Small-Cap Fund, ticker AOPAX, in class A shares with a 5.5% front-end load. The minimum investment is $1,000, and larger investments qualify for a reduced load.
Popular regions for this fund include Europe, the UK, Japan, and Australasia. Many of its small-cap holdings, like Aozora Bank, Rengo Co., and Homeserve PLC, aren’t widely recognized. Morningstar rates the fund 2 stars.
Placing a Trade
When you’re ready to buy a mutual fund on Firstrade, go to the fund’s profile page and click the orange buy button at the top of the screen. The trade bar at the bottom of the website doesn’t support mutual fund trades.
Clicking buy opens a new page with an order ticket. You can choose to buy or sell, set the trade amount, and select how cash distributions will be managed. Details like redemption fees and load status are also shown.
The order form includes a useful drop-down list of related funds. For example, with the AllianzGI small-cap fund, we found a small-cap value fund from the same family.
Firstrade Review and Rating
Updated on 6/24/2025.
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