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Fidelity Investments vs Firstrade Review

Brandon Reinkensmeyer

Published by Brandon Reinkensmeyer


Wednesday, January 4th, 2017

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.
There are no results to display, please adjust your filters or reset the Compare Tool.
Overall
Commissions & Fees
Offering of Investments
Platforms & Tools
Research
Customer Service
Mobile Trading
Ease of Use
Education
Order Execution
Banking
Stock Trade Fee (flat)
Options Base Fee
Options Per Contract Fee
Mutual Fund Trade Fee
Broker Assisted Trades Fee
Minimum Deposit
No Inactivity Fees
No Fee IRAs
Stock Trading
Options Trading
Mutual Funds
Forex Trading
Futures Trading
Desktop Platform (Windows)
Web Platform
Virtual Trading
Charting - Drawing Tools
Charting - Indicators / Studies
Option Chains - Total Columns
Watch Lists - Total Fields
iPhone App
iPad App
Android App
Android Tablet App
Apple Watch App
Trading - After-Hours
Trading - Mutual Funds
Trading - Conditional Orders
Trading - Simple Options
Trading - Complex Options
Commission Free ETFs
Mutual Funds (No Load)
Mutual Funds (Total)
# of Easy to Borrow Stocks
Retail Locations
Under $24,999.99
$25,000.00 to 49,999.99
$50,000.00 to $99,999.99
$100,000.00 to $249,999.99
$250,000.00 to $499,999.99
Above $1,000,000.00
$500,000.00 to $999,999.99
Checking Accounts
Savings Accounts
Credit Cards
Debit Cards
Mortgage Loans
No Fee Banking
Fidelity Investments
Exclusive Offer Get 300 commission-free trades and 2 years to use them - Learn More
Read the Fidelity Investments Review
 
4.5
2
4.5
4.5
5
4.5
4.5
4.5
4.5
4.5
4.5
 
$7.95
$7.95
$0.75
$49.95
$32.95
$2,500.00
Yes
Yes
 
Yes
Yes
Yes
No
No
 
Yes
Yes
Yes
22
166
26
80
 
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
No
Yes
Yes
 
91
4052
13204
3748
195
 
8.83%
7.83%
7.33%
6.83%
6.83%
4.00%
4.00%
 
Yes
Yes
Yes
Yes
No
Yes
Firstrade
Special Offer Trade free for 30 days + get up to $2500 - Learn More
Read the Firstrade Review
 
3.5
3
3.5
2
4
4
3.5
4.5
3
2
2
 
$6.95
$6.95
$0.75
$9.95
$19.95
$0.00
Yes
Yes
 
Yes
Yes
Yes
No
No
 
No
Yes
No
5
58
8
57
 
Yes
No
Yes
No
No
 
Yes
No
No
Yes
No
 
12
4928
12191
4200
2
 
7.75%
7.50%
7.00%
6.50%
6.00%
4.50%
5.00%
 
Yes
No
No
Yes
No
No

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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