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Brokers with Mutual Funds (Load, No Load)

Mutual funds come in three different flavors: load, no load, and no transaction fee. Investopedia defines a load as, "A sales charge or commission charged to an investor when buying or redeeming shares in a mutual fund. The fee may be a one-time charge at the time the investor buys into the mutual fund (front-end load), when the investor redeems the mutual fund shares (back-end load), or on an annual basis as a 12b-1 fee." In simple terms, loads are marketing fees.

In today's world of investing, loaded funds can be easily avoided thanks to no load funds and ETFs. Even more significant, there is no performance benefit to buying a loaded mutual fund versus a non loaded fund.

The total number of loaded and non loaded mutual funds offered by each brokerage is listed below. Most funds can be traded via the broker's website or over the phone.

Published on Monday, June 27th, 2016 .

Mutual Funds (No Load) Mutual Funds (Load)
E*TRADE 4276 4376
Firstrade 4928 7335
Merrill Edge 2764 4885
OptionsHouse 4650 7625
Scottrade 7213 6386
SogoTrade 4642 7584
TD Ameritrade 7573 5278
TradeKing 5216 4922

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