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TD Ameritrade vs Fidelity Investments Review

Brandon Reinkensmeyer

Published by Brandon Reinkensmeyer


Wednesday, March 22nd, 2017

Using data from the StockBrokers.com Annual Broker Review, we can compare Fidelity Investments vs TD Ameritrade 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 TD Ameritrade.

First we will break down the commission charges of both brokers for placing stock and options trades. TD Ameritrade charges more than Fidelity Investments for placing regular stock trades ($9.99 and $7.95, respectively). For options trading, TD Ameritrade has a base fee of $9.99, and Fidelity Investments a base fee of $7.95. Contracts run $0.75 a piece at both brokerages. 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. TD Ameritrade 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, Fidelity Investments offers its clients access to 14391 different mutual funds while TD Ameritrade has 13503 available funds, a difference of 888.00. And, commission free ETFs deserve a mention, with TD Ameritrade having the upper hand thanks to its 101 available ETFs compared to Fidelity Investments's offering of 76.

Finally, by looking at the most popular features and offerings of each broker, we can really see the differences between the two. TD Ameritrade makes virtual trading available to clients, while Fidelity Investments does not. For mobile trading, Fidelity Investments and TD Ameritrade 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 and Debit Cards are offered by TD Ameritrade while Fidelity Investments offers Checking Accounts, Savings Accounts, Debit Cards and Credit Cards. All things considered, when it comes to platform tools, research, and trading via smartphone, Fidelity Investments along with TD Ameritrade both finished with awards for Best in Class Platforms & Tools, Best in Class Research and Best in Class Mobile Trading in 2016.

Overall, both Fidelity Investments and TD Ameritrade hold a 4.50 star rating.
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Overall
Commissions & Fees
Offering of Investments
Platforms & Tools
Research
Customer Service
Mobile Trading
Ease of Use
Education
Order Execution
Banking
Stock Trade Fee (flat)
Options Base Fee
Options Per Contract Fee
Mutual Fund Trade Fee
Broker Assisted Trades Fee
Minimum Deposit
No Inactivity Fees
No Fee IRAs
Stock Trading
Options Trading
Mutual Funds
Forex Trading
Futures Trading
Desktop Platform (Windows)
Web Platform
Virtual Trading
Charting - Drawing Tools
Charting - Indicators / Studies
Option Chains - Total Columns
Watch Lists - Total Fields
iPhone App
iPad App
Android App
Android Tablet App
Apple Watch App
Trading - After-Hours
Trading - Mutual Funds
Trading - Conditional Orders
Trading - Simple Options
Trading - Complex Options
Commission Free ETFs
Mutual Funds (No Load)
Mutual Funds (Total)
# of Easy to Borrow Stocks
Retail Locations
Under $24,999.99
$25,000.00 to $49,999.99
$50,000.00 to $99,999.99
$100,000.00 to $249,999.99
$250,000.00 to $499,999.99
Above $1,000,000.00
$500,000.00 to $999,999.99
Checking Accounts
Savings Accounts
Credit Cards
Debit Cards
Mortgage Loans
No Fee Banking
TD Ameritrade
Exclusive Offer Trade free for 90 days + get up to $600 Learn More
TD Ameritrade Review
 
4.5
2.5
4.5
5
4.5
5
4.5
4.5
5
2
3.5
 
$6.95
$6.95
$0.75
$49.99
$44.99
$0.00
Yes
Yes
 
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
22
370
33
401
 
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
Yes
Yes
 
101
7573
12851
3000
105
 
9.00%
8.75%
7.75%
7.50%
7.25%
6.50%
7.25%
 
Yes
No
Yes
Yes
No
Yes
Fidelity Investments
Exclusive Offer Get 300 commission-free trades and 2 years to use them Learn More
Fidelity Investments Review
 
4.5
3
4.5
4.5
5
4.5
4.5
4.5
4.5
5
4
 
$4.95
$4.95
$0.65
$49.95
$32.95
$2,500.00
Yes
Yes
 
Yes
Yes
Yes
No
No
 
Yes
Yes
Yes
22
166
26
80
 
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
No
Yes
Yes
 
91
4052
13204
3748
195
 
8.33%
7.83%
6.88%
6.58%
6.58%
4.00%
4.00%
 
Yes
Yes
Yes
Yes
No
Yes

All pricing data was obtained from a published web site as of 2/20/2017 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.

TD Ameritrade, Inc. and StockBrokers.com are separate, unaffiliated companies and are not responsible for each other’s services and products. Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Options trading privileges subject to TD Ameritrade review and approval. Please read Characteristics and Risks of Standardized Options before investing in options. Offer valid for one new Individual, Joint or IRA TD Ameritrade account opened by 09/30/2017 and funded within 60 calendar days of account opening with $3,000 or more. To receive $100 bonus, account must be funded with $25,000-$99,999. To receive $300 bonus, account must be funded with $100,000-$249,999. To receive $600 bonus, account must be funded with $250,000 or more. Offer is not valid on tax-exempt trusts, 401k accounts, Keogh plans, Profit Sharing Plan, or Money Purchase Plan. Offer is not transferable and not valid with internal transfers, accounts managed by TD Ameritrade Investment Management, LLC, TD Ameritrade Institutional accounts, and current TD Ameritrade accounts or with other offers. Qualified commission-free Internet equity, ETF or options orders will be limited to a maximum of 250 and must execute within 90 calendar days of account funding. Contract, exercise, and assignment fees still apply. Limit one offer per client. Account value of the qualifying account must remain equal to, or greater than, the value after the net deposit was made (minus any losses due to trading or market volatility or margin debit balances) for 12 months, or TD Ameritrade may charge the account for the cost of the offer at its sole discretion. TD Ameritrade reserves the right to restrict or revoke this offer at any time. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business. Please allow 3-5 business days for any cash deposits to post to account. Taxes related to TD Ameritrade offers are your responsibility. Retail values totaling $600 or more during the calendar year will be included in your consolidated Form 1099. Please consult a legal or tax advisor for the most recent changes to the U.S. tax code and for rollover eligibility rules. (Offer Code 264) TD Ameritrade Inc., member FINRA/SIPC. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. © 2016 TD Ameritrade IP Company, Inc. All rights reserved. Used with permission.

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