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Fidelity vs Firstrade 2025

StockBrokers.com

Written by StockBrokers.com

September 17, 2025

In this head to head comparison of Fidelity vs Firstrade, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

Fidelity
5/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.65
Firstrade
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.00

Range of investments

When it comes to choosing between Fidelity and Firstrade for your investment needs, it’s important to assess your priorities. Fidelity emerges as a leader with a five-star rating for range of investments. It provides a comprehensive offering including stock, margin, and options trading, fractional shares, mutual funds, as well as both traditional and Roth IRA accounts. Notably, Fidelity also offers forex and limited crypto trading across three coins, complemented by its advisor services, positioning itself strongly in the market for those seeking a diverse and guided investment approach. By contrast, Firstrade, with its 4.5-star rating, also provides a vast array of options, including stock, margin, options trading, and mutual funds, but it lacks in forex and crypto trading and does not offer advisor services, nudging it to a sixth-place ranking compared to Fidelity's third.

Both Fidelity and Firstrade cater to traditional investors with support for IRA accounts, OTC stocks, and margin and options trading, offering foundational tools for building a diverse portfolio. Fidelity sets itself apart with its inclusion of forex and crypto trading, which may appeal to more adventurous investors looking to expand their strategies into these realms. Firstrade holds its ground with a comprehensive offering sans the aforementioned sophisticated investment services but remains an attractive option for those primarily focused on stocks and mutual funds.

Investment strategies and individual needs can guide the decision between these two platforms. Fidelity's approach is unmatched for those seeking a wider scope, while Firstrade delivers strong, competent features for essential trading options. Whether your investment adventure is oriented toward innovation and encompassing advisory services with Fidelity, or a straightforward and efficient trading practice with Firstrade, understanding these offerings allows you to make an informed choice tailored to your financial goals.

Feature Fidelity logoFidelity
Firstrade logoFirstrade
Stock Trading info Yes Yes
Account Feature - Margin Trading info Yes Yes
Fractional Shares (Stocks) info Yes Yes
OTC Stocks info Yes Yes
Mutual Funds info Yes Yes
Options Trading info Yes Yes
Futures Trading info No No
Crypto Trading info Yes No
Crypto Trading - Total Coins info 3 0
Range of Investments 5/5 Stars 4.5/5 Stars

Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025: A Beginner-Friendly Guide to an Advanced Market

Trading platforms and tools

When comparing Fidelity and Firstrade in terms of their trading platforms and tools, Fidelity emerges as the more powerful option. With a 4.5-star rating and a fourth-place ranking among 14 brokers, Fidelity offers a range of features that outshine Firstrade's offerings, which carry a 3-star rating and an eleventh-place ranking. Fidelity provides both Windows and Mac downloadable trading platforms, a feature that Firstrade lacks entirely. Additionally, Fidelity excels with advanced charting tools and features, such as the ability to display corporate events on charts and save multiple chart profiles, both absent in Firstrade.

Fidelity's browser-based trading experience also stands out, with 129 technical indicators and 38 drawing tools for charting, providing more depth compared to Firstrade's 102 technical indicators and eight drawing tools. Fidelity allows users to adjust open orders directly on a stock chart, add notes, and show historical trades, while Firstrade does not support these functions. Moreover, Fidelity offers a wide range of watchlist fields with 92 columns compared to Firstrade's 50, granting traders more detailed tracking capabilities.

While both brokers lack paper trading and the ability to create custom studies for charts, Fidelity differentiates itself with a comprehensive trading journal and extensive customization capabilities. Although Firstrade offers one more field when editing an SMA study, Fidelity's offerings in terms of charting and order management are significantly more versatile. Overall, for traders seeking more advanced features and flexibility, Fidelity presents a more attractive option than Firstrade.

Feature Fidelity logoFidelity
Firstrade logoFirstrade
Web Trading Platform info Yes Yes
Desktop Trading Platform info Yes No
Desktop Platform (Mac) info Yes No
Paper Trading info No No
Watch Lists - Total Fields info 92 50
Charting - Indicators / Studies info 129 102
Charting - Drawing Tools info 38 8
Platforms & Tools 4.5/5 Stars 3/5 Stars

Dive deeper: Best Online Brokers & Trading Platforms for 2025, Best Paper Trading Apps & Platforms for 2025

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Beginners and education

Fidelity and Firstrade cater to investors seeking educational resources, yet they offer different experiences tailored to both novice traders and seasoned investors. Fidelity excels with comprehensive educational resources covering stocks, ETFs, options, mutual funds, and bonds, offering investors extensive learning opportunities in various asset classes. Fidelity enhances its educational experience by providing engaging tools such as videos, webinars, and quizzes, as well as the ability to track learning progress. Though lacking a paper trading option, Fidelity's robust educational offerings have earned it a high rating of 5 stars and a commendable rank of #2 according to StockBrokers.com.

Firstrade also provides educational resources, focusing on stocks and options, supplemented by videos and webinars which can be valuable for beginners starting their investment journey. However, Firstrade does not offer education on ETFs, mutual funds, or bonds, and lacks features like educational quizzes and progress-tracking options. Despite these limitations, Firstrade offers a solid foundation with a rating of 3.5 stars, placing it at #12 in the StockBrokers.com rankings. While both platforms offer valuable educational tools, Fidelity presents a more rounded and comprehensive educational environment for both novice and experienced investors.

Feature Fidelity logoFidelity
Firstrade logoFirstrade
Education (Stocks) info Yes Yes
Education (ETFs) info Yes No
Education (Options) info Yes Yes
Education (Mutual Funds) info Yes No
Education (Fixed Income) info Yes No
Paper Trading info No No
Videos info Yes Yes
Webinars info Yes Yes
Education 5/5 Stars 3.5/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2025

Stock trading apps

Fidelity emerges as a more feature-rich choice compared to Firstrade for those using stock trading apps, according to a review of their capabilities. Not only does Fidelity support iPhone and Android devices, but it also offers an Apple Watch app that Firstrade lacks. Users of Fidelity's app can enjoy mobile after-hours trading, streaming live TV, and videos on demand, features that are unavailable with Firstrade. Additionally, Fidelity leads with 128 technical studies in its charting capabilities, significantly outpacing Firstrade's 81. These differences contribute to Fidelity's impressive 5-star app rating and a #3 ranking by StockBrokers.com, as opposed to Firstrade's 4.5 stars and #9 ranking.

Both Fidelity and Firstrade provide comprehensive iPhone and Android app offerings. Their apps include essential functionalities such as mobile options trading, streaming quotes, stock alerts, and the ability to create and customize watch lists. Basic charting capabilities are solid in both apps, allowing users to view charts in landscape mode and explore multiple time frames. Both platforms also support displaying stock comparisons on charts, ensuring traders have access to the comparison tools they need.

When diving deeper into charting features, Fidelity stands out. It not only supports after-hours charting but also offers a broader array of technical studies. Meanwhile, Firstrade covers the essentials but misses out on a few advanced features Fidelity users enjoy. While Firstrade remains a strong contender providing reliable tools for traders, Fidelity’s additional offerings make it a stronger choice for those seeking comprehensive solutions and increased flexibility on the go.

Feature Fidelity logoFidelity
Firstrade logoFirstrade
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes No
Stock Alerts info Yes Yes
Charting - After-Hours info Yes No
Charting - Technical Studies info 128 81
Mobile Trading Apps 5/5 Stars 4.5/5 Stars

Dive deeper: Best Stock Trading Apps for 2025

Fees

When evaluating online brokers, Fidelity and Firstrade offer distinct advantages depending on your trading needs. Both platforms boast no minimum deposit requirement and free regular stock trades, making them accessible for all types of investors. However, when it comes to options trading, Firstrade stands out with zero charges per options contract compared to Fidelity’s $0.65 fee. Meanwhile, for margin rates and account transfers, Fidelity tends to be more affordable especially with margin balances under $50,000 and free account transfer services, unlike Firstrade, which charges for account transfers.

Fidelity and Firstrade both cater to retirement-focused investors with no fees for IRA account maintenance or closure. Their similar offerings in this regard can make them excellent choices for those looking to manage retirement funds without incurring extra fees. Users looking for flexibility in account handling may prefer Fidelity, which does not charge fees for account transfers, whether partial or full, contrasting with Firstrade's fees of $55 for partial and $75 for full account transfers.

For investors focused on maximizing their returns on options trades, Firstrade presents a compelling option due to its zero-cost per contract charge and no additional fees for options exercises or assignments, which is similarly offered by Fidelity. However, for margin trading, Fidelity offers notably lower rates for varying balance tiers, providing potential savings over time compared to Firstrade's higher charges. This cost comparison is crucial for active traders deciding between these two platforms, based on their specific trading strategies and financial priorities.

Feature Fidelity logoFidelity
Firstrade logoFirstrade
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Options (Per Contract) info $0.65 $0.00
Options Exercise Fee info $0.00 $0.00
Options Assignment Fee info $0.00 $0.00
IRA Annual Fee info $0.00 $0.00
IRA Closure Fee info $0.00 $0.00

Dive deeper: Best Free Trading Platforms for 2025

Day Trading

For anyone venturing into day trading, choosing the right online broker can significantly impact the trading experience. Fidelity stands out with its offerings tailored for active traders. It provides essential tools like streaming time and sales data for stocks and streaming live TV, which keep traders informed in real-time. Fidelity also supports direct market routing, allowing for greater control over trade execution, and includes keyboard trade entry with trading hotkeys. Notable features like level 2 quotes and a basic strategy backtesting option further enhance its appeal. Additionally, Fidelity offers a short locator tool, enabling traders to check the real-time availability of shares to short, a vital feature for those interested in short selling.

By contrast, Firstrade might face limitations for a day trader. While it serves as a functional broker, it lacks several of the advanced tools that Fidelity provides. Firstrade does not offer streaming time and sales data, live TV, or direct market routing, which could be a dealbreaker for traders seeking comprehensive market insights. Moreover, it does not support trading hotkeys, level 2 quotes, or backtesting capabilities, both basic and advanced, which might make strategy evaluation and quick trading more challenging. Additionally, the absence of a short locator tool might restrict short selling opportunities compared to Fidelity. While both brokers do not give order liquidity rebates or ladder trading options, Fidelity generally presents more resources for an active day trading environment.

Feature Fidelity logoFidelity
Firstrade logoFirstrade
Streaming Time & Sales info Yes No
Streaming TV info Yes No
Direct Market Routing - Equities info Yes No
Level 2 Quotes - Stocks info Yes No
Trade Ideas - Backtesting info Yes No
Trade Ideas - Backtesting Adv info No No
Short Locator info Yes No

Dive deeper: Best Day Trading Platforms of 2025 for Beginners and Active Traders

Market Research

Both Fidelity and Firstrade offer robust resources for market research, but there are some nuanced differences. Fidelity is rated higher overall with five stars, compared to Firstrade's 4.5-star rating. Additionally, Fidelity holds the #3 spot in a market research ranking by StockBrokers.com, while Firstrade ranks at #6. These rankings are likely influenced by the breadth of downloadable research reports available, with Fidelity offering seven PDF reports for stocks compared to Firstrade’s single report.

Both platforms provide comprehensive research tools across a variety of asset classes, including stocks, ETFs, mutual funds, and bonds. They each enable investors to see portfolio allocation by asset class and offer stock research utilizing social media sentiment data. Their commitment to detailed and diversified research is evident through their support for ESG (Environmental, Social, and Governance) research and the provision of stock, ETF, mutual fund, and bond screeners for generating trade ideas. Additionally, both brokers offer downloadable PDF research reports for ETFs but not for mutual funds.

Users keen on diving deep into stock analysis would likely find Fidelity's seven downloadable PDF reports a valuable asset. However, if investors are more focused on efficiency, Firstrade still offers a reliable and comprehensive research experience. Both platforms are well suited for investors seeking in-depth market insights and analytical tools, covering a similar range of features and services that cater to diverse investment preferences and strategies.

Feature Fidelity logoFidelity
Firstrade logoFirstrade
Research - Stocks info Yes Yes
Screener - Stocks info Yes Yes
Research - ETFs info Yes Yes
Screener - ETFs info Yes Yes
Research - Mutual Funds info Yes Yes
Screener - Mutual Funds info Yes Yes
Research - Fixed Income info Yes Yes
Screener - Fixed Income info Yes Yes
Research 5/5 Stars 4.5/5 Stars

Banking

When comparing the banking features of Fidelity and Firstrade, several key differences stand out for potential customers. Firstrade offers checking accounts, while Fidelity does not, which might be a draw for those looking to manage daily finances within their brokerage. However, neither broker provides savings accounts. Both companies offer debit cards, making account access convenient, but only Fidelity provides credit cards, adding another layer of flexibility for users. When it comes to larger financial needs, Fidelity also offers mortgage loans, setting it apart from Firstrade, which does not. For those interested in investing in certificates of deposit, both Fidelity and Firstrade offer CDs as part of their banking capabilities, providing options for earning interest over time.

Feature Fidelity logoFidelity
Firstrade logoFirstrade
Checking Accounts info No Yes
Savings Accounts info No No
Debit Cards info Yes Yes
Credit Cards info Yes No
Mortgage Loans info Yes No
Brokerage CDs info Yes Yes

Dive deeper: Best Brokerage Checking Accounts for 2025

Winner

After opening live accounts and testing 14 of the best online brokers, our research and live account testing finds that Fidelity is better than Firstrade. Fidelity finished with an overall score of 96.2%, while Firstrade finished with a score of 81.8%.

Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools and an easy-to-use mobile app.

FAQs

Can you trade cryptocurrency with Fidelity or Firstrade?

Fidelity provides crypto trading with access to 3 different coins, whereas Firstrade does not offer crypto trading services, making Fidelity a more comprehensive choice for investors interested in cryptocurrency options.

Dive deeper: Best Online Brokers for Crypto Trading in 2025

Does Fidelity or Firstrade offer IRAs?

Both Fidelity and Firstrade provide traditional and Roth IRA accounts without any annual fees and do not charge a closure fee, making them equally competitive options for investors seeking fee-free IRA account management.

Dive deeper: Best IRA Accounts for 2025

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Compare

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Overall Rating Fidelity Firstrade
Overall 5/5 Stars 4/5 Stars
Range of Investments 5/5 Stars 4.5/5 Stars
Platforms & Tools 4.5/5 Stars 3/5 Stars
Mobile Trading Apps 5/5 Stars 4.5/5 Stars
Research 5/5 Stars 4.5/5 Stars
Customer Service 4.5/5 Stars 3.5/5 Stars
Education 5/5 Stars 3.5/5 Stars
Ease of Use 5/5 Stars 4/5 Stars
Winner check_circle
Review Fidelity Review Firstrade Review
Broker Screenshots Fidelity Firstrade
Broker Gallery (click to expand)
Trading Fees Fidelity Firstrade
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Penny Stock Fees (OTC) info $0.00 $0.00
Mutual Fund Trade Fee info Varies info $0
Options (Per Contract) info $0.65 $0.00
Futures (Per Contract) info (Not offered) (Not offered)
Broker Assisted Trade Fee info $32.95 $19.95
Margin Rates Fidelity Firstrade
Margin Rate Under $25,000 info 12.575% 12.75%
Margin Rate $25,000 to $49,999.99 info 12.075% 12.50%
Margin Rate $50,000 to $99,999.99 info 11.125% 12.00%
Margin Rate $100,000 to $249,999.99 info 11.075% 11.50%
Margin Rate $250,000 to $499,999.99 info 10.825% 11.25%
Margin Rate $500,000 to $999,999.99 info 8.500% 9.35%
Margin Rate Above $1,000,000 info 8.250% 8.75%
Account Fees Fidelity Firstrade
IRA Annual Fee info $0.00 $0.00
IRA Closure Fee info $0.00 $0.00
Account Transfer Out (Partial) info $0.00 $55.00
Account Transfer Out (Full) info $0.00 $75.00
Options Exercise Fee info $0.00 $0.00
Options Assignment Fee info $0.00 $0.00
Investment Options Fidelity Firstrade
Stock Trading info Yes Yes
Account Feature - Margin Trading info Yes Yes
Fractional Shares (Stocks) info Yes Yes
OTC Stocks info Yes Yes
Options Trading info Yes Yes
Complex Options Max Legs info 4 4
Futures Trading info No No
Forex Trading info Yes info No
Crypto Trading info Yes No
Crypto Trading - Total Coins info 3 0
Fixed Income (Treasurys) info Yes Yes
Fixed Income (Corporate Bonds) info Yes Yes
Fixed Income (Municipal Bonds) info Yes Yes
Traditional IRAs info Yes Yes
Roth IRAs info Yes Yes
Advisor Services info Yes No
International Countries (Stocks) info 25 0
Order Types Fidelity Firstrade
Order Type - Market info Yes Yes
Order Type - Limit info Yes Yes
Order Type - After Hours info Yes Yes
Order Type - Stop info Yes Yes
Order Type - Trailing Stop info Yes Yes
Order Type - OCO info Yes Yes
Order Type - OTO info Yes Yes
Order Type - Broker Assisted info Yes Yes
Beginners Fidelity Firstrade
Education (Stocks) info Yes Yes
Education (ETFs) info Yes No
Education (Options) info Yes Yes
Education (Mutual Funds) info Yes No
Education (Fixed Income) info Yes No
Education (Retirement) info Yes Yes
Retirement Calculator info Yes Yes
Investor Dictionary info Yes Yes
Paper Trading info No No
Videos info Yes Yes
Webinars info Yes Yes
Progress Tracking info Yes No
Interactive Learning - Quizzes info Yes No
Stock Trading Apps Fidelity Firstrade
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes No
Trading - Stocks info Yes Yes
Trading - After-Hours info Yes Yes
Trading - Simple Options info Yes Yes
Trading - Complex Options info Yes Yes
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info Yes Yes
Stock App Features Fidelity Firstrade
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info Yes No
Videos on Demand info Yes No
Stock Alerts info Yes Yes
Option Chains Viewable info Yes Yes
Watch List (Real-time) info Yes Yes
Watch List (Streaming) info Yes Yes
Watch Lists - Create & Manage info Yes Yes
Watch Lists - Column Customization info Yes Yes
Stock App Charting Fidelity Firstrade
Charting - After-Hours info Yes No
Charting - Can Turn Horizontally info Yes Yes
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 128 81
Charting - Study Customizations info Yes Yes
Charting - Stock Comparisons info Yes Yes
Trading Platforms Fidelity Firstrade
Active Trading Platform info Active Trader Pro N/A
Desktop Trading Platform info Yes No
Desktop Platform (Mac) info Yes No
Web Trading Platform info Yes Yes
Paper Trading info No No
Trade Journal info Yes No
Watch Lists - Total Fields info 92 50
Stock Chart Features Fidelity Firstrade
Charting - Adjust Trades on Chart info Yes No
Charting - Indicators / Studies info 129 102
Charting - Drawing Tools info 38 8
Charting - Notes info Yes No
Charting - Historical Trades info Yes No
Charting - Corporate Events info Yes No
Charting - Custom Date Range info Yes No
Charting - Custom Time Bars info Yes No
Charting - Automated Analysis info Yes Yes
Charting - Save Profiles info Yes No
Trade Ideas - Technical Analysis info Yes Yes
Charting - Study Customizations info 5 6
Charting - Custom Studies info No No
Day Trading Fidelity Firstrade
Streaming Time & Sales info Yes No
Streaming TV info Yes No
Direct Market Routing - Equities info Yes No
Ladder Trading info No No
Trade Hot Keys info Yes No
Level 2 Quotes - Stocks info Yes No
Trade Ideas - Backtesting info Yes No
Trade Ideas - Backtesting Adv info No No
Short Locator info Yes No
Order Liquidity Rebates info No No
Research Overview Fidelity Firstrade
Research - Stocks info Yes Yes
Research - ETFs info Yes Yes
Research - Mutual Funds info Yes Yes
Research - Pink Sheets / OTCBB info Yes Yes
Research - Fixed Income info Yes Yes
Screener - Stocks info Yes Yes
Screener - ETFs info Yes Yes
Screener - Mutual Funds info Yes Yes
Screener - Fixed Income info Yes Yes
Portfolio Asset Allocation info Yes Yes
Stock Research Fidelity Firstrade
Stock Research - PDF Reports info 7 1
Stock Research - Earnings info Yes Yes
Stock Research - Insiders info Yes Yes
Stock Research - Social info Yes Yes
Stock Research - News info Yes Yes
Stock Research - ESG info Yes Yes
Stock Research - SEC Filings info Yes Yes
ETF Research Fidelity Firstrade
ETFs - Investment Objective info Yes Yes
ETF Fund Facts - Inception Date info Yes Yes
ETF Fund Facts - Expense Ratio info Yes Yes
ETF Fund Facts - Total Assets info Yes Yes
ETF Fund Facts - Total Holdings info Yes Yes
ETFs - Top 10 Holdings info Yes Yes
ETFs - Sector Exposure info Yes Yes
ETFs - Risk Analysis info Yes Yes
ETFs - Ratings info Yes Yes
ETFs - Morningstar StyleMap info Yes Yes
ETFs - PDF Reports info Yes Yes
Mutual Fund Research Fidelity Firstrade
Mutual Funds - Investment Objective info Yes Yes
Mutual Funds - Performance Chart info Yes Yes
Mutual Funds - Performance Analysis info Yes Yes
Mutual Funds - Prospectus info Yes Yes
Mutual Funds - 3rd Party Ratings info Yes Yes
Mutual Funds - Fees Breakdown info Yes Yes
Mutual Funds - Top 10 Holdings info Yes Yes
Mutual Funds - Asset Allocation info Yes Yes
Mutual Funds - Sector Allocation info Yes Yes
Mutual Funds - Country Allocation info Yes Yes
Mutual Funds - StyleMap info Yes Yes
Options Trading Fidelity Firstrade
Option Chains - Total Greeks info 5 5
Option Analysis - P&L Charts info Yes Yes
Banking Fidelity Firstrade
Bank (Member FDIC) info No No
Checking Accounts info No Yes
Savings Accounts info No No
Credit Cards info Yes No
Debit Cards info Yes Yes
Mortgage Loans info Yes No
Customer Service Fidelity Firstrade
Phone Support (Prospective Customers) info Yes Yes
Phone Support (Current Customers) info Yes Yes
Email Support info Yes Yes
Live Chat (Prospective Customers) info Yes Yes
Live Chat (Current Customers) info Yes Yes
24/7 Support info Yes No
Overall Fidelity Firstrade
Overall 5/5 Stars 4/5 Stars
Range of Investments 5/5 Stars 4.5/5 Stars
Platforms & Tools 4.5/5 Stars 3/5 Stars
Mobile Trading Apps 5/5 Stars 4.5/5 Stars
Research 5/5 Stars 4.5/5 Stars
Education 5/5 Stars 3.5/5 Stars
Ease of Use 5/5 Stars 4/5 Stars
Winner check_circle
Review Fidelity Review Firstrade Review
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