Orders for mutual funds can be placed through the Firstrade website.
Note: Mutual fund trading is not available on the Mobile App at this time.
Buying Mutual Funds
Log in to your Firstrade account.
Go to the Trading tab and select Mutual Funds.
Under Transaction, choose Buy.
Select a fund from the Family and List dropdown menus or enter the fund symbol in the Symbol field.
Enter the dollar amount you want to invest.
Many Mutual Funds have a Minimum initial investment requirement of $100.
Some funds may require a higher initial amount—refer to the fund’s prospectus for details.
Choose whether to reinvest dividends and capital gains.
Click Preview to review your order, then submit.
Selling Mutual Funds
Log in to your Firstrade account.
Go to the Trading tab and select Mutual Funds.
Under Transaction, choose Sell.
Select a fund from your current holdings.
Choose whether to:
Sell a dollar amount,
Sell a number of shares, or
Select All to sell your entire position.
Click Preview to review your order, then submit.
Important: Mutual fund orders are executed only at market close (4:00 PM ET, Monday–Friday). Mutual Fund orders will settle into the account in 1 to 2 business days, depending on the type of fund.
How do I view the status of my mutual fund order?
You can view your order status by navigating to:
Trading > Order Status.