Using data from the StockBrokers.com 2014 broker review
, we can compare Fidelity Investments vs Muriel Siebert to determine which broker is better for you. Our database includes thousands of data points on everything from functionality to support. Let's take a closer look at Fidelity Investments and Muriel Siebert.
First we will break down the commission charges of both brokers for placing stock and options trades. Muriel Siebert charges more than Fidelity Investments for placing regular stock trades ($14.95 and $7.95, respectively). For options trading, Muriel Siebert has a base fee of $30.60, and Fidelity Investments a base fee of $7.95. At a difference of $1.25 per contract, Fidelity Investments's per contract rate of $0.75 is less than Muriel Siebert which charges $2.00. Note that flat rate trading is not available everywhere though, so it is important to read the complete commission notes for each broker to know the full breakdown (go to any stock brokerage review
page, then click the "Commissions & Fees" tab).
Trading fees aside, having access to trade what you want is also an important consideration. Both Fidelity Investments and Muriel Siebert support Stock Trading, Options Trading and Mutual Funds. As far as mutual funds go, Fidelity Investments offers its clients access to 14391 different mutual funds while Muriel Siebert has available funds, a difference of 14,391.00. And, commission free ETFs deserve a mention, Fidelity Investments offers 76 versus Muriel Siebert's total of -1.
Finally, by looking at the most popular features and offerings of each broker, we can really see the differences between the two. Neither Fidelity Investments and Muriel Siebert have virtual trading. For mobile trading, Fidelity Investments supports the iPhone App, iPad App and Android App while Muriel Siebert supports the none of these. Online banking is also used by many clients, and multiple brokerages provide these services. Clients can have Checking Accounts, Savings Accounts, Debit Cards and Credit Cards at Fidelity Investments while clients at Muriel Siebert can have none of these. All things considered, when it comes to platform tools, research, and trading via smartphone, Fidelity Investments finished with awards for Best in Class Platforms & Tools, Best in Class Research and Best in Class Mobile Trading in 2014, while Muriel Siebert came up with none of these.
Overall, Fidelity Investments takes the upper hand with 4.50 stars over Muriel Siebert's -1.00 stars.