Mutual fund trades can be placed via phone or online, or either method depending on the broker. Alternatively, some online brokerages do not offer mutual fund trading at all.
The commission charged to place a mutual fund trade depends first on the type of fund you are trading. No Transaction Fee (NTF) mutual funds do not charge a trade fee, for example, but can charge an early redemption fee if you sell the fund too quickly (typically within 60 - 90 days).
The online broker mutual fund trade costs listed below are the standard published rates listed by the brokers. These cover the majority of mutual funds including loaded and non loaded funds.
Published on Monday, June 27th, 2016 .