Fidelity Investments vs Firstrade Review

Review conducted by and last updated on 09/01/2016

+ Select Brokers
  • Compare brokers,
    read reviews,
    and open an
    account today:

    Commissions & Fees
    Offering of Investments
    Platform & Tools
    Customer Service
    Mobile Trading
    Ease of Use
    Order Execution
    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 Fidelity Investments Read Full Review Open Account
    Exclusive: Get 300 commission-free trades and 2 years to use them - Learn More
  • Firstrade Firstrade Read Full Review Open Account
    Special Offer: Trade free for 30 days + get up to $2500 - Learn More
The 2014 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 2014, while Firstrade found itself with none of these.

Overall, Fidelity Investments boasts 4.50 stars versus Firstrade's 3.50 stars.

Related Links

Fidelity Investments vs. Scottrade
Fidelity Investments vs. TD Ameritrade
Fidelity Investments vs. E*TRADE
Fidelity Investments vs. Charles Schwab
Fidelity Investments vs. Merrill Edge
Firstrade vs. OptionsHouse
Firstrade vs. TradeKing
Firstrade vs. Scottrade
Firstrade vs. Capital One Investing
Firstrade vs. Fidelity Investments

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 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. Square Logo