Using data from the StockBrokers.com Annual Broker Review
, we can compare ETRADE vs Fidelity Investments to determine which broker is better for you. Our database includes thousands of data points on everything from functionality to support. Let's take a closer look at ETRADE and Fidelity Investments.
First we will break down the commission charges of both brokers for placing stock and options trades. ETRADE charges $9.99 per stock trade which is $2.04 more than Fidelity Investments which charges clients $7.95 per trade. Looking at trading options, Fidelity Investments's base fee is $7.95 while ETRADE's is $9.99. Contracts at both of the brokerages are the same at $0.75 each. Note that flat rate trading is not available everywhere though, so it is important to read the complete commission notes for each broker to know the full breakdown (go to any stock broker review
page, then click the "Commissions & Fees" tab).
Trading fees aside, having access to trade what you want is also an important consideration. Fidelity Investments provides its clients with Stock Trading, Options Trading and Mutual Funds while ETRADE gives clients access to Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading. As far as mutual funds go, Fidelity Investments offers its clients access to 14391 different mutual funds while ETRADE has 7926 available funds, a difference of 6,465.00. And, commission free ETFs deserve a mention, with Fidelity Investments falling behind ETRADE, offering 76 commission free etfs compared to ETRADE's 92.
Finally, by looking at the most popular features and offerings of each broker, we can really see the differences between the two. ETRADE nor Fidelity Investments has virtual trading. For mobile trading, Both ETRADE and Fidelity Investments offer clients access to an iPhone App, iPad App and Android App. Online banking is also used by many clients, and multiple brokerages provide these services. Clients can have Checking Accounts and Debit Cards at ETRADE while clients at Fidelity Investments can have Checking Accounts, Savings Accounts, Debit Cards and Credit Cards. All things considered, when it comes to platform tools, research, and trading via smartphone, ETRADE was rated for Best in Class Research and Best in Class Mobile Trading in 2016, while Fidelity Investments was rated for Best in Class Platforms & Tools, Best in Class Research and Best in Class Mobile Trading.
Overall, both ETRADE and Fidelity Investments hold a 4.50 star rating.