Fidelity Investments vs Questrade Review

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

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    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
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Using data from the 2014 broker review, we can compare Fidelity Investments vs Questrade 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 Questrade.

First we will break down the commission charges of both brokers for placing stock and options trades. Fidelity Investments, with its regular stock trades costing $7.95, is more expensive than Questrade's rate of $4.95 per trade. Looking at trading options, Fidelity Investments's base fee is $7.95 while Questrade's is $9.95. Each contract then costs $1.00 at Questrade and $0.75 at Fidelity Investments for a difference in price of $0.25 per contract. 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. Questrade offers clients Stock Trading, Options Trading, Mutual Funds and Forex Trading while Fidelity Investments offers 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 Questrade has available funds, a difference of 14,391.00. And, commission free ETFs deserve a mention, Fidelity Investments offers 76 versus Questrade'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 Questrade have virtual trading. For mobile trading, Questrade offers the iPhone App and Android App while Fidelity Investments offers the 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 Questrade offers clients none of these. All things considered, when it comes to platform tools, research, and trading via smartphone, Fidelity Investments posted awards for Best in Class Platforms & Tools, Best in Class Research and Best in Class Mobile Trading in 2014, while Questrade found itself with none of these.

Overall, Fidelity Investments comes out on top with 4.50 stars over Questrade's -1.00 stars.

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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