The StockBrokers.com Annual Broker Review
compares Fidelity Investments vs Firstrade. Compare Fidelity Investments and Firstrade trade commissions, fees and overall broker ratings by using the chart above. Is Fidelity Investments or Firstrade a better online broker?
Looking at both brokers, first we will take a look at the commission rates for both placing regular stock and options trades. Fidelity Investments charges more than Firstrade for placing regular stock trades ($7.95 and $6.95, respectively). Looking at trading options, Firstrade's base fee is $6.95 while Fidelity Investments's is $7.95. Contracts run $0.75 a piece at both brokerages. It should be noted that not every broker uses a flat rate stock trade fee structure, so it is important to read the full commission notes (head over to any online broker review
page, then click the "Commissions & Fees" tab).
Alongside trade commissions, being able to trade the way you want is a must. Both Fidelity Investments and Firstrade support Stock Trading, Options Trading and Mutual Funds. When it comes to mutual funds, Fidelity Investments offers its clients access to 14391 different mutual funds while Firstrade has 12097 available funds, a difference of 2,294.00. Commission free ETFs can also be a nice plus, with Fidelity Investments having the upper hand thanks to its 76 available ETFs compared to Firstrade's offering of 10.
Last but not least, by breaking down important features that each broker offers, we can really help to separate the two brokers. Fidelity Investments nor Firstrade has virtual trading. For mobile trading, Firstrade supports the iPhone App while Fidelity Investments supports the iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Checking Accounts, Savings Accounts, Debit Cards and Credit Cards are offered by Fidelity Investments while Firstrade offers none of these. On the whole, when it comes to tools, research, and trading on the go, Fidelity Investments posted awards for Best in Class Platforms & Tools, Best in Class Research and Best in Class Mobile Trading in 2016, while Firstrade found itself with none of these.
Overall, Fidelity Investments boasts 4.50 stars versus Firstrade's 3.50 stars.