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Charles Schwab vs Fidelity Investments Review

Review conducted by and last updated on 2/19/2014

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    Overall
    Commissions & Fees
    Customer Services
    Platform & Tools
    Research
    Ease of Use
    Investment Offering
    Education
    Mobile Trading
    Flat-fee Trade Plan*
    Per-Share Trade Plan
    Mutual Fund Trade Fee*
    Options Trade Base
    Options Per Contract
    Options Exercise Fee
    Options Assignment Fee
    Broker Assisted Trades
    Minimum Deposit
    Virtual Trading
    No Minimum Deposit
    No Maintenance Fees
    No-Fee IRAs
    Online Trader Community
    Live Seminars
    iPhone App
    iPad App
    Android App
    Mobile Site
    Stock Trading
    Options Trading
    Mutual Funds
    FOREX Trading
    Futures Trading
    Checking Accounts
    Savings Accounts
    Credit Card Accounts
    Debit Card Accounts
    Mortgage Loans
    Under $25k
    $25k - $49k
    $50k - $99k
    $100k - $249k
    $250k - $499k
    $500k - $999k
    Above $1,000,000
  • Charles Schwab Charles Schwab Read Full Review Advertisement Open Account
    Special Offer: Earn 300 Commission-Free Online Trades. Get Details
     
     
     
     
     
     
     
     
     
     
     
    $8.95
    N/A
    $76.00
    $8.95
    $0.75
    $8.95
    $8.95
    $25.00
    $1,000.00
     
     
     
     
     
    8.50%
    8.00%
    7.00%
    6.88%
    6.75%
    6.75%
    6.25%
  • Fidelity Investments Fidelity Investments Read Full Review
     
     
     
     
     
     
     
     
     
     
     
    $7.95
    N/A
    $49.95
    $7.95
    $0.75
    $7.95
    $7.95
    $32.95
    $2,500.00
     
     
     
     
     
    8.08%
    7.58%
    7.08%
    6.58%
    6.58%
    3.75%
    3.75%
Comparing brokers side by side is no easy task. For our 2014 broker review, we factored in 266 different variables to assess 17 different brokers. So when taking a look at Charles Schwab vs Fidelity Investments, there is a huge database of information available to us.

To start this comparison, first we will take a look at the broker commission rates for placing regular stock and options trades. Charles Schwab charges more than Fidelity Investments for placing regular stock trades ($8.95 and $7.95, respectively). For options trading, Charles Schwab has a base fee of $8.95, and Fidelity Investments a base fee of $7.95. Contracts at both of the brokerages are the same at $0.75 each. Not all brokers charge a flat rate fee per trade though, so it is important to read the full commission notes to know the complete breakdown (go to any stock broker review page, then click the "Commissions & Fees" tab).

Next to commission rates, being able to trade the instrument you want is important. Charles Schwab and Fidelity Investments provide clients with Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, Charles Schwab boasts an offering of 16478 compared to Fidelity Investments's 14391 available funds. Commission free ETFs also should not be forgotten, with Charles Schwab having the upper hand thanks to its 121 available ETFs compared to Fidelity Investments's offering of 76.

Lastly, taking a look at popular features and functionality, we can go a bit deeper to really break down the difference of both brokers. Neither Charles Schwab and Fidelity Investments have virtual trading. Taking a look at mobile trading, Charles Schwab and Fidelity Investments both have a iPhone App, iPad App and Android App. Not to be left out, online banking is also a nice benefit for many investors, and some brokerages provide these services to clients. Checking Accounts, Savings Accounts, Debit Cards and Credit Cards are offered by Fidelity Investments while Charles Schwab offers Checking Accounts, Savings Accounts, Debit Cards and Mortgage Loans. On the whole, when it comes to tools, research, and trading on the go, Charles Schwab posted awards for Best in Class Platforms & Tools and Best in Class Research in 2014, while Fidelity Investments found itself with Best in Class Platforms & Tools, Best in Class Research and Best in Class Mobile Trading.

Overall, both Charles Schwab and Fidelity Investments share a rating of 4.50 stars.

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All pricing data was obtained from a published web site as of 11/01/2014 and is believed to be accurate, but is not guaranteed. The StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the top of this page. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.





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