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Fidelity Investments vs SpeedTrader Review

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

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    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 Fidelity Investments Read Full Review Open Account
    Exclusive: Get 300 commission-free trades and 2 years to use them - Learn More
     
     
     
     
     
     
     
     
     
     
     
     
     
    $7.95
    N/A
    $49.95
    $7.95
    $0.75
    $7.95
    $7.95
    $32.95
    $2,500.00
     
     
     
    85
    6213
    13468
    3396
    188
     
     
     
    8.08%
    7.58%
    7.08%
    6.58%
    6.58%
    3.75%
    3.75%
  • SpeedTrader SpeedTrader Read Full Review
     
     
     
     
     
     
     
     
     
     
     
     
     
    $6.95
    N/A
    $50.00
    N/A
    $1.00
    N/A
    N/A
    N/A
    $500.00
     
     
     
    -1
    -1
    -1
     
     
     
    N/A
    N/A
    N/A
    N/A
    N/A
    N/A
    N/A
Using data from the StockBrokers.com 2014 broker review, we can compare Fidelity Investments vs SpeedTrader 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 SpeedTrader.

First we will break down the commission charges of both brokers for placing stock and options trades. Fidelity Investments charges more than SpeedTrader for placing regular stock trades ($7.95 and $6.95, respectively). Looking at trading options, SpeedTrader's base fee is $-1.00 while Fidelity Investments's is $7.95. Contracts are pricier at SpeedTrader, costing $1.00 versus $0.75 at Fidelity Investments, a difference 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 broker review page, then click the "Commissions & Fees" tab).

Trading fees aside, having access to trade what you want is also an important consideration. SpeedTrader provides its clients with Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading while Fidelity Investments gives clients access to Stock Trading, Options Trading and Mutual Funds. As far as mutual funds go, SpeedTrader trails Fidelity Investments by 14,391.00 total funds, with Fidelity Investments offering 14391 and SpeedTrader offering . And, commission free ETFs deserve a mention, Fidelity Investments offers 76 versus SpeedTrader'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. SpeedTrader makes virtual trading available to clients, while Fidelity Investments does not. For mobile trading, SpeedTrader gives clients access to an iPhone App while Fidelity Investments has an iPhone App, iPad App and Android App. 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 SpeedTrader 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 SpeedTrader came up with none of these.

Overall, Fidelity Investments takes the upper hand with 4.50 stars over SpeedTrader'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 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.





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