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Fidelity Investments vs Charles Schwab Review

Brandon Reinkensmeyer

Published by Brandon Reinkensmeyer


Friday, December 2nd, 2016

Comparing brokers side by side is no easy task. For our Annual 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 2016, 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.
There are no results to display, please adjust your filters or reset the Compare Tool.
Overall
Commissions & Fees
Offering of Investments
Platform & Tools
Research
Customer Service
Mobile Trading
Ease of Use
Education
Order Execution
Banking
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
Stock Trading
Options Trading
Mutual Funds
FOREX Trading
Futures Trading
Desktop Based Platform
Web Based Platform
Virtual Trading
No Minimum Deposit
No Inactivity Fees
No-Fee IRAs
Commission Free ETFs
Mutual Funds (No Load)
Mutual Funds (Total)
# of Easy to Borrow Stocks
Retail Locations
iPhone App
iPad App
Android App
Android Tablet App
Mobile Site
Checking Accounts
Savings Accounts
Credit Card Accounts
Debit Card Accounts
Mortgage Loans
No Fee Banking
Under $25k
$25k - $49k
$50k - $99k
$100k - $249k
$250k - $499k
$500k - $999k
Above $1,000,000
Fidelity Investments
Exclusive Offer Get 300 commission-free trades and 2 years to use them - Learn More
Read the Fidelity Investments Review
 
 
 
 
 
 
 
 
 
 
 
 
 
$7.95
N/A
$49.95
$7.95
$0.75
$7.95
$7.95
$32.95
$2,500.00
 
Yes
Yes
Yes
No
No
 
Yes
Yes
Yes
No
Yes
Yes
 
91
4052
13204
3748
195
 
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
Yes
No
Yes
 
8.08%
7.58%
7.08%
6.58%
6.58%
3.75%
3.75%
Charles Schwab
Advertisement
Special Offer Earn over $4,250 in commission-free online trades. Get Details
Read the Charles Schwab Review
 
 
 
 
 
 
 
 
 
 
 
 
 
$8.95
N/A
$76.00
$8.95
$0.75
$8.95
$8.95
$25.00
$1,000.00
 
Yes
Yes
Yes
No
Yes
 
Yes
Yes
No
No
Yes
Yes
 
229
5165
5165
5975
300
 
Yes
Yes
Yes
No
Yes
 
Yes
Yes
Yes
Yes
Yes
Yes
 
8.50%
8.00%
7.00%
6.88%
6.75%
6.75%
6.25%

All pricing data was obtained from a published web site as of 2/16/2016 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 bottom 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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