Any Commission Free Mutual Funds on IB?

C

Cyrix

Is there any commission free mutual funds on IB?
Other brokers often have certain fund families that are commission free.
I am wondering if IB offers similar fund families.
 
Cyrix said:
Is there any commission free mutual funds on IB?
Other brokers often have certain fund families that are commission free.
I am wondering if IB offers similar fund families.
More...

There are LOTS of "commission free" mutual funds... though brokers often charge a commission to trade them. As for all mutual funds, their biggest drawback is "end of day fills". Better for you if you can find a way to trade ETFs... which have "real-time" fills.
 
They don't have many, certainly compared of most retail brokers, but last I checked, all the ones they offered were no load funds because their system didn't support charging you the loads. I think you had to pay a $15 commission each way to IB.
 
MoreLeverage said:
They don't have many, certainly compared of most retail brokers, but last I checked, all the ones they offered were no load funds because their system didn't support charging you the loads. I think you had to pay a $15 commission each way to IB.
More...

Do you mean the ones listed under "commission free" are no load, or all funds traded on IB are no load?

For example, NHMAX has 4% load shown on Morningstar. If I buy it on IB, do I need to pay the 4%?

Thanks.
 
you can trade Rydex funds there commission free.

Just don't expect to be able to frequent trade the Rydex funds because they don't offer a mutual fund switching feature (not that I know of).

if you sell you need to wait one day for cash to settle before buying something else.
 
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