Fidelity Investments vs Vanguard Review

Review conducted by and last updated on 09/01/2016

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    Commissions & Fees
    Offering of Investments
    Platform & Tools
    Customer Service
    Mobile Trading
    Ease of Use
    Order Execution
    Flat-fee Trade Plan*
    Per-Share Trade Plan
    Mutual Fund Trade Fee*
    Options Trade Base
    Options Per Contract
    Options Exercise Fee
    Options Assignment Fee
    Broker Assisted Trades
    Minimum Deposit
    Stock Trading
    Options Trading
    Mutual Funds
    FOREX Trading
    Futures Trading
    Desktop Based Platform
    Web Based Platform
    Virtual Trading
    No Minimum Deposit
    No Inactivity Fees
    No-Fee IRAs
    Commission Free ETFs
    Mutual Funds (No Load)
    Mutual Funds (Total)
    # of Easy to Borrow Stocks
    Retail Locations
    iPhone App
    iPad App
    Android App
    Android Tablet App
    Mobile Site
    Checking Accounts
    Savings Accounts
    Credit Card Accounts
    Debit Card Accounts
    Mortgage Loans
    No Fee Banking
    Under $25k
    $25k - $49k
    $50k - $99k
    $100k - $249k
    $250k - $499k
    $500k - $999k
    Above $1,000,000
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Using data from the 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.

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All pricing data was obtained from a published web site as of 2/16/2016 and is believed to be accurate, but is not guaranteed. The 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. Square Logo