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.