Using data from the StockBrokers.com 2014 broker review
, we can compare Fidelity Investments vs optionsXpress 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 optionsXpress.
First we will break down the commission charges of both brokers for placing stock and options trades. optionsXpress, with its regular stock trades costing $8.95, is more expensive than Fidelity Investments's rate of $7.95 per trade. With options, the base fees charged are $7.95 (Fidelity Investments) and $0.00 (optionsXpress). At a difference of $0.75 per contract, Fidelity Investments's per contract rate of $0.75 is less than optionsXpress which charges $1.50. 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 broker review
page, then click the "Commissions & Fees" tab).
Trading fees aside, having access to trade what you want is also an important consideration. optionsXpress offers clients Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading while Fidelity Investments offers Stock Trading, Options Trading and Mutual Funds. As far as mutual funds go, optionsXpress trails Fidelity Investments by 3,991.00 total funds, with Fidelity Investments offering 14391 and optionsXpress offering 10400. And, commission free ETFs deserve a mention, with optionsXpress falling behind Fidelity Investments, offering 0 commission free etfs compared to Fidelity Investments's 76.
Finally, by looking at the most popular features and offerings of each broker, we can really see the differences between the two. optionsXpress has virtual trading, Fidelity Investments doesn't. For mobile trading, Fidelity Investments and optionsXpress both have a iPhone App, iPad App and Android App. Online banking is also used by many clients, and multiple brokerages provide these services. Checking Accounts, Savings Accounts, Debit Cards and Credit Cards are available to clients of Fidelity Investments while optionsXpress offers clients 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 optionsXpress came up with none of these.
Overall, Fidelity Investments comes out on top with 4.50 stars over optionsXpress's 4.00 stars.