menu

Fidelity Investments vs Interactive Brokers Review

Brandon Reinkensmeyer

Published by Brandon Reinkensmeyer


Friday, December 2nd, 2016

Comparing brokers side by side is no easy task. For our Annual Broker Review, we factored in 266 different variables to assess 17 different brokers. So when taking a look at Fidelity Investments vs Interactive Brokers, there is a huge database of information available to us.

To start this comparison, first we will take a look at the broker commission rates for placing regular stock and options trades. Fidelity Investments charges more than Interactive Brokers for placing regular stock trades ($7.95 and $0.00 (the broker charges a per share rate instead), respectively). With options, the base fees charged are $7.95 (Fidelity Investments) and $0.00 (Interactive Brokers). Each contract then costs $0.75 at Fidelity Investments and $0.70 at Interactive Brokers for a difference in price of $0.05 per contract. Not all brokers charge a flat rate fee per trade though, so it is important to read the full commission notes to know the complete breakdown (go to any stock broker review page, then click the "Commissions & Fees" tab).

Next to commission rates, being able to trade the instrument you want is important. Interactive Brokers supports Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading while Fidelity Investments supports Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, Fidelity Investments boasts an offering of 14391 compared to Interactive Brokers's 1819 available funds. Commission free ETFs also should not be forgotten, Fidelity Investments offers 76 versus Interactive Brokers's total of 40.

Lastly, taking a look at popular features and functionality, we can go a bit deeper to really break down the difference of both brokers. Interactive Brokers has virtual trading, Fidelity Investments doesn't. Taking a look at mobile trading, Fidelity Investments and Interactive Brokers both have a iPhone App, iPad App and Android App. Not to be left out, online banking is also a nice benefit for many investors, and some brokerages provide these services to clients. Clients can have Checking Accounts, Savings Accounts, Debit Cards and Credit Cards at Fidelity Investments while clients at Interactive Brokers can have none of these. On the whole, when it comes to tools, research, and trading on the go, Interactive Brokers was rated for Best in Class Platforms & Tools 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, Fidelity Investments boasts 4.50 stars versus Interactive Brokers'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
Platform & Tools
Research
Customer Service
Mobile Trading
Ease of Use
Education
Order Execution
Banking
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
Exclusive Offer Get 300 commission-free trades and 2 years to use them - Learn More
Read the Fidelity Investments Review
 
 
 
 
 
 
 
 
 
 
 
 
 
$7.95
N/A
$49.95
$7.95
$0.75
$7.95
$7.95
$32.95
$2,500.00
 
Yes
Yes
Yes
No
No
 
Yes
Yes
Yes
No
Yes
Yes
 
91
4052
13204
3748
195
 
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
Yes
No
Yes
 
8.08%
7.58%
7.08%
6.58%
6.58%
3.75%
3.75%
Interactive Brokers
Special Offer Trade on over 100 market centers in 24 countries - Learn More
Read the Interactive Brokers Review
 
 
 
 
 
 
 
 
 
 
 
 
 
N/A
$0.005
$14.95
$0.00
$0.70
$0.00
$0.00
$30.00
$10,000.00
 
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
No
No
No
 
33
5823
8026
4500
0
 
Yes
Yes
Yes
Yes
Yes
 
No
No
No
No
No
No
 
1.91%
1.91%
1.91%
1.61%
1.61%
1.61%
1.41%

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.

arrow_drop_upBack to top