Using data from the StockBrokers.com 2014 broker review
, we can compare Fidelity Investments vs Vanguard 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 Vanguard.
First we will break down the commission charges of both brokers for placing stock and options trades. Fidelity Investments charges more than Vanguard for placing regular stock trades ($7.95 and $7.00, respectively). For options trading, Vanguard has a base fee of $20.00, and Fidelity Investments a base fee of $7.95. At a difference of $0.25 per contract, Fidelity Investments's per contract rate of $0.75 is less than Vanguard which charges $1.00. 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. Fidelity Investments alongside Vanguard offer clients Stock Trading, Options Trading and Mutual Funds. As far as mutual funds go, Vanguard trails Fidelity Investments by 14,391.00 total funds, with Fidelity Investments offering 14391 and Vanguard offering . And, commission free ETFs deserve a mention, Fidelity Investments offers 76 versus Vanguard'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. Fidelity Investments nor Vanguard has virtual trading. For mobile trading, Fidelity Investments and Vanguard both have a 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 Vanguard can have none of these. 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 Vanguard was rated for none of these.
Overall, Fidelity Investments takes the upper hand with 4.50 stars over Vanguard's -1.00 stars.