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Fidelity Investments vs Charles Schwab Review

Blain Reinkensmeyer

Published by Blain Reinkensmeyer


Thursday, February 21st, 2019

The StockBrokers.com annual broker review assesses more than a dozen different brokers over six months, surfacing the best online stock brokers. This review compares Charles Schwab vs Fidelity Investments. Is Charles Schwab or Fidelity Investments a better online broker?

First, we will make a comparison of the stock and option trading fees for trading with both brokers. Charles Schwab and Fidelity Investments charge the same amount for regular stock trades, $4.95. With options, the base fee is $4.95 for both Charles Schwab and Fidelity Investments. Option contracts cost $0.65 each at both brokerages. Note that some brokers charge a per-share fee instead of a flat-fee commission. For a full breakdown of commissions, read our online broker reviews.

For our next comparison of these two brokers, being able to trade the way you want is a must. Fidelity Investments supports Stock Trading, Options Trading and Mutual Funds while Charles Schwab supports Stock Trading, Options Trading, Mutual Funds and Futures Trading. When it comes to mutual funds, Charles Schwab trails Fidelity Investments by 5,936 total mutual funds, with Fidelity Investments offering 11782 and Charles Schwab offering 5846. Commission free ETFs can also be a nice plus, which is a wash in this comparison as both Charles Schwab and Fidelity Investments offer 265 commission free ETFs.

Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. Charles Schwab nor Fidelity Investments offers virtual trading. For mobile trading, Charles Schwab and Fidelity Investments both have a iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Checking Accounts, Savings Accounts, Debit Cards and Credit Cards are offered by Fidelity Investments while Charles Schwab offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans. On the whole, when it comes to tools, research, and mobile trading, Fidelity Investments was rated Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading, while Charles Schwab was rated Best in Class - Research.

Overall, Fidelity Investments comes out on top with 4.5 stars over Charles Schwab's 4 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
Minimum Deposit
Stock Trade Fee (flat)
Options Base Fee
Options Per Contract Fee
Mutual Fund Trade Fee
Broker Assisted Trades Fee
IRA Annual Fee
IRA Closure Fee
Stock Trading
OTCBB / Pink Sheets
Options Trading
Complex Options Max Legs
Futures Trading
Forex Trading
Commission-Free ETFs
Mutual Funds (No Load)
Mutual Funds (Total)
Bonds (US Treasury)
Bonds (Corporate)
Bonds (Municipal)
Advisor Services
International Trading
Advantage
Order Type - Market
Order Type - Limit
Order Type - Stop
Order Type - Trailing Stop
Order Type - Contingent
Order Type - MultiContingent
Order Type - OCO
Order Type - OTO
Order Type - OTOCO
Order Type - Algo
Advantage
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Platform
Virtual Trading
Trade Journal
Watch Lists - Total Fields
Two-Factor Authentication Login
Charting - Trade Off Chart
Charting - Drawing Tools
Charting - Indicators / Studies
Charting - Historical Trades
Charting - Save Profiles
Charting - Study Customizations
Charting - Custom Studies
Option Chains - Total Columns
Option Chains - Greeks Viewable
Option Analysis - P&L Charts
Option Positions - Rolling
Heat Mapping
Advantage
Stock Alerts - Basic Fields
Stock Alerts - Advanced Fields
Streaming Time & Sales
Streaming TV
Direct Market Routing - Stocks
Direct Market Routing - Options
Ladder Trading
Trade Hot Keys
Level 2 Quotes - Stocks
Level 2 Quotes - Options
Trade Ideas - Backtesting
Short Locator
Client Liquidity Rebates
Advantage
Research - Stocks
Research - ETFs
Research - Mutual Funds
Research - Pink Sheets / OTCBB
Research - Fixed Income
Research - Futures
Research - Forex
Screener - Stocks
Screener - ETFs
Screener - Mutual Funds
Screener - Options
Screener - Bonds
Misc - Portfolio Allocation
Misc - Portfolio Builder
Stock Research - Earnings
Stock Research - SEC Filings
Stock Research - Insiders
Stock Research - Social
Stock Research - ESG
Stock Research - Reports
ETF Research - Top 10 Holdings
ETF Research - Reports
ETF Research - Ratings
Mutual Fund Research - Reports
Advantage
iPhone App
Android App
Apple Watch App
Trading - Stocks
Trading - After-Hours
Trading - Conditional Orders
Trading - Mutual Funds
Trading - Simple Options
Trading - Complex Options
Trading - Option Rolling
Touch / Face ID
Watch List Syncing
Stock Alerts - Basic Fields
Stock Alerts - Advanced Fields
Charting - After Hours
Charting - Drawing
Charting - Study Customizations
Customizable Homescreen
Heatmapping
Stream Live TV
Barcode Lookup
Advantage
Retail Locations
Member FDIC
Checking Accounts
Savings Accounts
Credit Cards
Debit Cards
Mortgage Loans
No Fee Banking
Advantage
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
$500,000.00 to $999,999.99
Above $1,000,000.00
Has Education - Stocks
Has Education - ETFs
Has Education - Options
Has Education - Mutual Funds
Has Education - Fixed Income
Has Education - Retirement
Videos
Webinars (Monthly Avg)
Webinars (Archived)
Live Seminars
Progress Tracking
Interactive Learning - Quizzes
Magazine
Advantage
Overall
Advantage
Fidelity Investments
Special Offer Get 300 commission-free trades and 2 years to use them Learn More
Fidelity Investments Review
 
4.5
4
4.5
4.5
5
4.5
4.5
5
5
5
4
 
$0.00
$4.95
$4.95
$0.65
$49.95
$32.95
$0.00
$0.00
 
Yes
Yes
Yes
4
No
No
265
4031
11782
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
No
Yes
91
Yes
Yes
22
166
Yes
Yes
5
No
26
5
Yes
Yes
Yes
check_circle
 
Yes
Yes
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
No
check_circle
 
Yes
Yes
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
12
Yes
Yes
Yes
No
check_circle
 
Yes
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
No
check_circle
 
197
No
Yes
Yes
Yes
Yes
No
Yes
 
9.58%
9.08%
8.13%
8.08%
7.83%
5.50%
5.25%
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
8
Yes
Yes
Yes
Yes
Yes
check_circle
 
4.5
check_circle
Charles Schwab
Special Offer Earn 500 commission-free online trades at Schwab Open an account
Charles Schwab Review
 
4
3.5
4.5
4.5
5
4.5
4
4.5
4.5
4.5
4.5
 
$0.00
$4.95
$4.95
$0.65
$49.95
$25.00
$0.00
$50.00
 
Yes
Yes
Yes
4
Yes
No
265
5846
5846
Yes
Yes
Yes
Yes
Yes
check_circle
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
check_circle
 
Yes
Yes
Yes
No
Yes
108
Yes
Yes
15
41
No
Yes
6
No
41
5
Yes
Yes
Yes
 
Yes
Yes
Yes
Yes
Yes
No
No
Yes
Yes
Yes
Yes
No
No
 
Yes
Yes
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
8
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
No
Yes
Yes
No
No
No
No
Yes
No
Yes
Yes
No
 
357
Yes
Yes
Yes
Yes
Yes
Yes
Yes
check_circle
 
9.58%
9.08%
8.13%
8.08%
7.83%
6.58%
6.25%
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
50
Yes
Yes
No
No
Yes
 
4

All pricing data was obtained from a published web site as of 02/18/2019 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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