Using data from the StockBrokers.com 2014 broker review
, we can compare Fidelity Investments vs USAA 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 USAA.
First we will break down the commission charges of both brokers for placing stock and options trades. USAA charges more than Fidelity Investments for placing regular stock trades ($8.95 and $7.95, respectively). With options, the base fees charged are $8.95 (USAA) and $7.95 (Fidelity Investments). At a difference of $0.75 per contract, USAA's per contract rate of $0.00 is less than Fidelity Investments which charges $0.75. 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. Fidelity Investments alongside USAA offer clients Stock Trading, Options Trading and Mutual Funds. As far as mutual funds go, Fidelity Investments boasts an offering of 14391 compared to USAA's available funds. And, commission free ETFs deserve a mention, with Fidelity Investments having the upper hand thanks to its 76 available ETFs compared to USAA's offering of 0.
Finally, by looking at the most popular features and offerings of each broker, we can really see the differences between the two. Neither broker offers virtual trading. For mobile trading, Fidelity Investments along with USAA both support 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, Credit Cards and Mortgage Loans are available to clients of USAA while Fidelity Investments offers clients 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 was rated for Best in Class Platforms & Tools, Best in Class Research and Best in Class Mobile Trading in 2014, while USAA was rated for none of these.
Overall, Fidelity Investments takes the upper hand with 4.50 stars over USAA's -1.00 stars.