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Index funds and ETFs are the two options you want to consider, but there are some important differences. With ETFs, you can move in and out as often as you like, and can invest as little or as much as you want. The downside is that you pay normal brokers fees to buy as sell these shares. If you're planning on adding a small amount of money each month, these can eat up a lot of your gains. A no-load index fund, on the other hand, won't charge you to invest, but will have a minimum balance and will be slower to move in and out of.
I have only a small amount to invest, so I stick with ETFs.
Also, if you're going just on price I beilve Scottrade is the cheapest, at least in the States. I use them, and have no compliants, but I'm not an investor who does a lot of complicated trades so I really can't say much.
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