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 Fidelity Go vs Personal Capital, 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. Fidelity Go and Personal Capital have equal fees for trading equities, $0 per trade. For options trading, both Fidelity Go and Personal Capital charge the same base fee of $0. Contracts cost $0 each 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. Fidelity Go alongside Personal Capital both do not offer Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading. Looking at mutual funds, both Fidelity Go and Personal Capital provide clients with access to total funds. Commission free ETFs also should not be forgotten, which is a wash in this comparison as both Fidelity Go and Personal Capital 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. Neither Fidelity Go and Personal Capital have virtual trading. Taking a look at mobile trading, Fidelity Go and Personal Capital sadly do not provide clients with an 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 Fidelity Go nor Personal Capital 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, Neither Fidelity Go nor Personal Capital were rated Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, Personal Capital takes the upper hand with 4.50 stars over Fidelity Go's 4.00 stars.