Fidelity vs Charles Schwab Comparison
Comparing brokers side by side is no easy task. For our 2023 annual broker review, we spent hundreds of hours assessing 17 brokerages to find the best online broker. Let's compare Fidelity vs Charles Schwab.
Is Fidelity or Charles Schwab better for beginners?
Fidelity offers more comprehensive new investor education for beginner investors than Charles Schwab. Fidelity offers investors access to Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement), while Charles Schwab offers investors access to Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Bonds) and Education (Retirement). Neither have Paper Trading. See our guide to Best Paper Trading Platforms for more.
What about Fidelity vs Charles Schwab pricing?
Fidelity and Charles Schwab charge the same amount for regular stock trades, $0.00. Fidelity and Charles Schwab both charge $0.65 per option contract. For a complete commissions summary, see our best brokers for free stock trading guide.
Does Fidelity or Charles Schwab offer a wider range of investment options?
Fidelity offers investors access to Stock Trading, Fractional Shares, Options Trading, OTC Stocks, Mutual Funds and Advisor Services, while Charles Schwab offers investors access to Stock Trading, Fractional Shares, Options Trading, OTC Stocks, Mutual Funds, Futures Trading and Advisor Services. Neither have Forex Trading. Looking at Mutual Funds, Fidelity trails Charles Schwab in its offering of no transaction fee (NTF) mutual funds, with Charles Schwab offering 7168 and Fidelity offering 3401.
Which trading platform is better: Fidelity or Charles Schwab?
To compare the trading platforms of Fidelity and Charles Schwab, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Fidelity offers a better experience. With research, Charles Schwab offers superior market research. Finally, we found Fidelity to provide better mobile trading apps.
Does either broker offer banking?
Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Debit Cards and Credit Cards are offered by Fidelity while Charles Schwab offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans.
Is Fidelity good?
Our top pick overall for 2023, Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools and an easy-to-use mobile app.
Is Charles Schwab good?
As the granddaddy of discount brokers, Charles Schwab understands how to deliver value to its customers, providing a comprehensive roster of tools, advice and actionable ideas at reasonable cost.
Fidelity vs Charles Schwab Winner
Overall winner: Fidelity
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