Comparing brokers side by side is no easy task. For our 2017 Broker Review
, we factored in 308 different variables to assess 16 different brokers. So when taking a look at Betterment vs Fidelity Go, there is a huge database of information available to us.
To start this comparison, first we will take a look at the broker commission rates for placing regular stock and options trades. Betterment and Fidelity Go charge the same amount for regular stock trades, $0. Looking at options, the base fees charged are the same for both brokers, $0. Contracts run $0 a piece at both brokerages. Not all brokers charge a flat rate fee per trade though, so it is important to read the full commission notes to know the complete breakdown (go to any online broker review
page, then scroll to the "Commissions Notes" section).
Next to commission rates, being able to trade the instrument you want is important. Betterment and Fidelity Go unfortunately do not provide clients with Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading. Looking at mutual funds, both brokers offer clients access to the same number, . Commission free ETFs also should not be forgotten, which is a wash in this comparison as both Betterment and Fidelity Go offer funds.
Lastly, taking a look at popular features and functionality, we can go a bit deeper to really break down the difference of both brokers. Betterment nor Fidelity Go has virtual trading. Taking a look at mobile trading, Betterment and Fidelity Go both do not offer the iPhone App, iPad App and Android App. Not to be left out, online banking is also a nice benefit for many investors, and some brokerages provide these services to clients. Neither Betterment nor Fidelity Go offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans. On the whole, when it comes to tools, research, and trading on the go, Both Betterment and Fidelity Go found themselves without awards for Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading in 2014.
Overall, Betterment takes the upper hand with 4.50 stars over Fidelity Go's 4.00 stars.