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Fidelity Investments vs Charles Schwab Review

Brandon Reinkensmeyer

Published by Brandon Reinkensmeyer


Thursday, June 1st, 2017

The StockBrokers.com 2017 Brokerage Review compares Charles Schwab vs Fidelity Investments. Compare Charles Schwab and Fidelity Investments trade commissions, fees and overall broker ratings by using the table below. Is Charles Schwab or Fidelity Investments a better online broker?

Looking at both brokers, first we will take a look at the commission rates for both placing regular stock and options trades. Charles Schwab and Fidelity Investments charge the same amount for regular stock trades, $4.95. Looking at options, the base fees charged are the same for both brokers, $4.95. Contracts cost $0.65 each at both brokerages. It should be noted that not every broker uses a flat rate stock trade fee structure, so it is important to read the full commission notes (head over to any online brokerage review page, then navigate to the "Commission Notes" section).

Alongside trade commissions, being able to trade the way you want is a must. Fidelity Investments offers clients Stock Trading, Options Trading and Mutual Funds while Charles Schwab offers Stock Trading, Options Trading, Mutual Funds and Futures Trading. When it comes to mutual funds, Fidelity Investments offers its clients access to 13204 different mutual funds while Charles Schwab has 5165 available funds, a difference of 8,039.00. Commission free ETFs can also be a nice plus, with Charles Schwab having the upper hand thanks to its 229 available ETFs compared to Fidelity Investments's offering of 91.

Last but not least, by breaking down important features that each broker offers, we can really help to separate the two brokers. Fidelity Investments has virtual trading, Charles Schwab doesn't. For mobile trading, Charles Schwab along with Fidelity Investments both support the iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Clients can have Checking Accounts, Savings Accounts, Debit Cards and Credit Cards at Fidelity Investments while clients at Charles Schwab can have 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, Charles Schwab posted awards for Best in Class - Platforms & Tools and Best in Class - Research in 2014, while Fidelity Investments found itself with Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.

Overall, both Charles Schwab and Fidelity Investments are rated 4.50 stars.
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Overall
Commissions & Fees
Offering of Investments
Platforms & Tools
Research
Customer Service
Mobile Trading
Ease of Use
Education
Order Execution
Banking
Stock Trade Fee (flat)
Options Base Fee
Options Per Contract Fee
Mutual Fund Trade Fee
Broker Assisted Trades Fee
Minimum Deposit
No Inactivity Fees
No Fee IRAs
Stock Trading
Options Trading
Mutual Funds
Forex Trading
Futures Trading
Desktop Platform (Windows)
Web Platform
Virtual Trading
Charting - Drawing Tools
Charting - Indicators / Studies
Option Chains - Total Columns
Watch Lists - Total Fields
iPhone App
iPad App
Android App
Android Tablet App
Apple Watch App
Trading - After-Hours
Trading - Mutual Funds
Trading - Conditional Orders
Trading - Simple Options
Trading - Complex Options
Commission Free ETFs
Mutual Funds (No Load)
Mutual Funds (Total)
# of Easy to Borrow Stocks
Retail Locations
Under $24,999.99
$25,000.00 to $49,999.99
$50,000.00 to $99,999.99
$100,000.00 to $249,999.99
$250,000.00 to $499,999.99
Above $1,000,000.00
$500,000.00 to $999,999.99
Checking Accounts
Savings Accounts
Credit Cards
Debit Cards
Mortgage Loans
No Fee Banking
Fidelity Investments
Exclusive Offer Get 300 commission-free trades and 2 years to use them Learn More
Fidelity Investments Review
 
4.5
3
4.5
4.5
5
4.5
4.5
4.5
4.5
5
4
 
$4.95
$4.95
$0.65
$49.95
$32.95
$2,500.00
Yes
Yes
 
Yes
Yes
Yes
No
No
 
Yes
Yes
Yes
22
166
26
80
 
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
No
Yes
Yes
 
91
4052
13204
3748
195
 
8.33%
7.83%
6.88%
6.58%
6.58%
4.00%
4.00%
 
Yes
Yes
Yes
Yes
No
Yes
Charles Schwab
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Special Offer Earn 500 commission-free trades for two years at Schwab. Open an account
Charles Schwab Review
 
4.5
3.5
4.5
4.5
5
4
4
4.5
4.5
4.5
4.5
 
$4.95
$4.95
$0.65
$76.00
$25.00
$1,000.00
Yes
Yes
 
Yes
Yes
Yes
No
Yes
 
Yes
Yes
No
15
40
34
94
 
Yes
Yes
Yes
No
Yes
 
Yes
Yes
No
Yes
Yes
 
229
5165
5165
5975
300
 
8.50%
8.00%
7.00%
6.88%
6.75%
6.25%
6.75%
 
Yes
Yes
Yes
Yes
Yes
Yes

All pricing data was obtained from a published web site as of 2/20/2017 and is believed to be accurate, but is not guaranteed. The StockBrokers.com 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.

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