The StockBrokers.com 2014 broker review
compares Fidelity Investments vs tradeMONSTER. Compare Fidelity Investments and tradeMONSTER trade commissions, fees and overall broker ratings by using the chart above. Is Fidelity Investments or tradeMONSTER a better online broker?
Looking at both brokers, first we will take a look at the commission rates for both placing regular stock and options trades. Fidelity Investments charges more than tradeMONSTER for placing regular stock trades ($7.95 and $4.95, respectively). With options, the base fees charged are $7.95 (Fidelity Investments) and $0.00 (tradeMONSTER). Contracts are pricier at Fidelity Investments, costing $0.75 versus $0.50 at tradeMONSTER, a difference of $0.25 per contract. It should be noted that not every broker uses a flat rate stock trade fee structure, so it is important to read the full commission notes (head over to any stock broker review
page, then click the "Commissions & Fees" tab).
Alongside trade commissions, being able to trade the way you want is a must. tradeMONSTER supports Stock Trading, Options Trading, Mutual Funds and Futures Trading while Fidelity Investments supports Stock Trading, Options Trading and Mutual Funds. When it comes to mutual funds, tradeMONSTER trails Fidelity Investments by 1,391.00 total funds, with Fidelity Investments offering 14391 and tradeMONSTER offering 13000. Commission free ETFs can also be a nice plus, Fidelity Investments offers 76 versus tradeMONSTER's total of 0.
Last but not least, by breaking down important features that each broker offers, we can really help to separate the two brokers. tradeMONSTER has virtual trading, Fidelity Investments doesn't. For mobile trading, Fidelity Investments and tradeMONSTER both have a iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Clients can have Checking Accounts, Savings Accounts, Debit Cards and Credit Cards at Fidelity Investments while clients at tradeMONSTER can have none of these. On the whole, when it comes to tools, research, and trading on the go, Fidelity Investments posted awards for Best in Class Platforms & Tools, Best in Class Research and Best in Class Mobile Trading in 2014, while tradeMONSTER found itself with none of these.
Overall, Fidelity Investments boasts 4.50 stars versus tradeMONSTER's 4.00 stars.