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Fidelity vs ChoiceTrade 2020

Is ChoiceTrade better than Fidelity? Based on 3,540 data points from our 2020 annual broker review, Fidelity (95%) is better than ChoiceTrade (62.57%).

fideltiy

Best research experience - Open Account
Trade Commission-Free: No commissions to trade online U.S. stocks, ETFs, and options.1

With over $2 trillion in client assets, Fidelity is a value-driven online broker offering $0 stock trades, industry-leading research, excellent trading tools, an easy-to-use mobile app, and comprehensive retirement services. Overall, Fidelity is a winner for everyday investors. Read full review

ChoiceTrade

ChoiceTrade
While ChoiceTrade advertises free stock trades, unfortunately, monthly costs add up, and, overall, ChoiceTrade provides customers an online investing experience not worth the hassle. Read full review

Overall Rating

Feature Fidelity ChoiceTrade
Overall 5 3
Fidelity Review ChoiceTrade Review

Trading Fees

Feature Fidelity ChoiceTrade
Minimum Deposit $0.00 $0.00
Stock Trade Fee (per trade) $0.00 $0.00
ETF Trade Fee $0.00 $0.00
Options Base Fee $0.00 $0.00
Options Per Contract Fee $0.65 $0.40
Mutual Fund Trade Fee $49.95 N/A
Broker Assisted Trades Fee $32.95 $30.00
Commissions & Fees 4.5 4.5
Winner check_circle

Margin Rates

Feature Fidelity ChoiceTrade
Under $24,999.99 9.33% 7.75%
$25,000.00 to $49,999.99 8.83% 7.75%
$50,000.00 to $99,999.99 7.88% 7.75%
$100,000.00 to $249,999.99 7.83% 7.75%
$250,000.00 to $499,999.99 7.58% 7.75%
$500,000.00 to $999,999.99 5.25% 8.25%
Above $1,000,000.00 5.00% 8.25%
Commissions & Fees 4.5 4.5
Winner check_circle

Account Fees

Feature Fidelity ChoiceTrade
IRA Annual Fee $0.00 $50.00
IRA Closure Fee $0.00 $50.00
Returned ACH Fee $0.00 $40.00
Returned Wire Fee $0.00 $40.00
Stock Certificate Processing Fee $0.00 N/A
Stock Certificate Delivery Fee $100.00 N/A
Paper Statement Fee $0.00 $5.00
Paper Confirmation Fee $0.00 $1.00
Domestic Wire Fee $0.00 $35.00
International Wire Fee $0.00 $60.00
Commissions & Fees 4.5 4.5

Investment Options

Feature Fidelity ChoiceTrade
Stock Trading
Yes Yes
Fractional Shares
No No
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
No No
Forex Trading
No No
Commission-Free ETFs all All
Mutual Funds (No Load)
3957 0
Mutual Funds (Total)
11246 0
Bonds (US Treasury)
Yes No
Bonds (Corporate)
Yes No
Bonds (Municipal)
Yes No
Interest Sharing
Yes No
Advisor Services
Yes No
International Trading
Yes No
Offering of Investments 4.5 2.5
Winner check_circle

Order Types

Feature Fidelity ChoiceTrade
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes Yes
Order Type - Contingent
Yes Yes
Order Type - MultiContingent
Yes Yes
Order Type - OCO
Yes No
Order Type - OTO
Yes No
Order Type - OTOCO
Yes No
Offering of Investments 4.5 2.5
Winner check_circle

Trading Platforms

Feature Fidelity ChoiceTrade
Desktop Platform (Windows)
Yes Yes
Desktop Platform (Mac)
Yes Yes
Web Platform
Yes Yes
Paper Trading
No Yes
Trade Journal
Yes No
Watch Lists - Total Fields
91 19
Heat Mapping
Yes Yes
AI Assistant Bot
Yes No
Platforms & Tools 4.5 3
Winner check_circle

Charting Features

Feature Fidelity ChoiceTrade
Charting - Trade Off Chart
Yes No
Charting - Indicators / Studies
166 42
Charting - Drawing Tools
22 4
Charting - Historical Trades
Yes Yes
Charting - Corporate Events
Yes Yes
Charting - Automated Analysis
Yes Yes
Charting - Save Profiles
Yes Yes
Charting - Study Customizations
5 2
Charting - Custom Studies
No No
Platforms & Tools 4.5 3
Winner check_circle

Day Trading

Feature Fidelity ChoiceTrade
Stock Alerts - Basic Fields
Yes No
Stock Alerts - Advanced Fields
Yes No
Streaming Time & Sales
No Yes
Streaming TV
Yes No
Direct Market Routing - Stocks
Yes No
Direct Market Routing - Options
Yes No
Ladder Trading
No No
Trade Hot Keys
Yes No
Level 2 Quotes - Stocks
Yes Yes
Level 2 Quotes - Options
Yes No
Trade Ideas - Backtesting
No Yes
Short Locator
Yes No
Order Liquidity Rebates
No No
Winner check_circle

Mobile Trading Apps

Feature Fidelity ChoiceTrade
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
Yes No
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes Yes
Trading - Conditional Orders
No No
Trading - Mutual Funds
Yes No
Trading - Simple Options
Yes Yes
Trading - Complex Options
Yes Yes
Trading - Option Rolling
No No
Touch / Face ID
Yes Yes
Winner check_circle

Mobile App Features

Feature Fidelity ChoiceTrade
Watch List Syncing
Yes Yes
Stock Alerts
Yes No
Charting - After Hours
Yes Yes
Charting - Drawing
No No
Charting - Study Customizations
Yes Yes
Heatmapping
Yes Yes
Stream Live TV
Yes No
Barcode Lookup
No No
Mobile Trading 5 3.5
Winner check_circle

Research Overview

Feature Fidelity ChoiceTrade
Research - Stocks
Yes Yes
Research - ETFs
Yes Yes
Research - Mutual Funds
Yes No
Research - Pink Sheets / OTCBB
Yes Yes
Research - Fixed Income
Yes Yes
Screener - Stocks
Yes No
Screener - ETFs
Yes No
Screener - Mutual Funds
Yes No
Screener - Options
Yes No
Screener - Bonds
Yes No
Misc - Portfolio Builder
Yes No
Misc - Portfolio Allocation
Yes No
Research 5 2
Winner check_circle

Stock Research

Feature Fidelity ChoiceTrade
Stock Research - Reports
16 0
Stock Research - Earnings
Yes Yes
Stock Research - Insiders
Yes Yes
Stock Research - Metric Comp
Yes No
Stock Research - SEC Filings
Yes Yes
Stock Research - Social
Yes No
Stock Research - Balance Sheet
Yes Yes
Stock Research - Cash Flows
Yes Yes
Stock Research - News
Yes Yes
Stock Research - ESG
Yes No
Research 5 2
Winner check_circle

ETF Research

Feature Fidelity ChoiceTrade
ETFs - Strategy Overview
Yes Yes
ETFs - Top 10 Holdings
Yes No
ETFs - Sector Exposure
Yes No
ETFs - Risk Analysis
Yes No
ETFs - Performance Analysis
Yes No
ETFs - Ratings
Yes No
ETFs - Morningstar StyleMap
Yes No
ETFs - Reports
Yes No
Research 5 2
Winner check_circle

Mutual Fund Research

Feature Fidelity ChoiceTrade
Mutual Funds - Strategy Overview
Yes No
Mutual Funds - Prospectus
Yes No
Mutual Funds - Reports
No No
Mutual Funds - Fees Breakdown
Yes No
Mutual Funds - Top 10 Holdings
Yes No
Mutual Funds - Asset Allocation
Yes No
Mutual Funds - Sector Allocation
Yes No
Mutual Funds - Country Allocation
Yes No
Mutual Funds - StyleMap
Yes No
Mutual Funds - 3rd Party Ratings
Yes No
Research 5 2
Winner check_circle

Options Trading

Feature Fidelity ChoiceTrade
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
26 18
Option Chains - Greeks
5 4
Option Chains - Quick Analysis
Yes Yes
Option Analysis - P&L Charts
Yes Yes
Option Probability Analysis
Yes Yes
Option Probability Analysis Adv
Yes Yes
Option Positions - Greeks
Yes Yes
Option Positions - Adv Analysis
Yes Yes
Option Positions - Rolling
Yes Yes
Option Positions - Grouping
Yes Yes
Platforms & Tools 4.5 3
Winner check_circle

Beginners

Feature Fidelity ChoiceTrade
Has Education - Stocks
Yes No
Has Education - ETFs
Yes No
Has Education - Options
Yes Yes
Has Education - Mutual Funds
Yes No
Has Education - Fixed Income
Yes No
Has Education - Retirement
Yes No
Paper Trading
No Yes
Videos
Yes No
Webinars (Monthly Avg)
8 0
Webinars (Archived)
Yes No
Live Seminars
Yes No
Progress Tracking
Yes No
Interactive Learning - Quizzes
Yes No
Investor Magazine
Yes No
Education 5 1.5
Winner check_circle

Banking

Feature Fidelity ChoiceTrade
Retail Locations
197 0
Member FDIC
No No
Checking Accounts
Yes No
Savings Accounts
Yes No
Credit Cards
Yes No
Debit Cards
Yes No
Mortgage Loans
No No
No Fee Banking
Yes No
Banking 4 0.5
Winner check_circle

Overall

Feature Fidelity ChoiceTrade
Fidelity Review ChoiceTrade Review
Overall 5 3
Winner check_circle

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 ChoiceTrade vs Fidelity. Is ChoiceTrade or Fidelity a better online broker?

First, we will make a comparison of the stock and option trading fees for trading with both brokers. ChoiceTrade and Fidelity have equal fees for trading stocks (equities), $0 per trade. With options, the base fee is $0 for both ChoiceTrade and Fidelity. ChoiceTrade's per contract rate of $0.40 is less than Fidelity which charges $0.65. 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. ChoiceTrade provides its clients with Stock Trading and Options Trading while Fidelity provides clients access to Stock Trading, Options Trading and Mutual Funds. When it comes to mutual funds, ChoiceTrade trails Fidelity by 11,246 total mutual funds, with Fidelity offering 11246 and ChoiceTrade offering 0.

Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. ChoiceTrade has virtual trading, Fidelity doesn't. For mobile trading, ChoiceTrade offer clients access to an iPhone App and Android App while Fidelity has an 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 while ChoiceTrade offers none of these.

Overall, between ChoiceTrade and Fidelity, Fidelity is the winner.

ChoiceTrade Review
Fidelity Review



All pricing data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. 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.

1$0.00 commission applies to online U.S. equity trades, exchange-traded funds (ETFs), and options (+ $0.65 per contract fee) in a Fidelity retail account only for Fidelity Brokerage Services LLC retail clients. Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). There is an Options Regulatory Fee (from $0.03 to $0.05 per contract), which applies to both option buy and sell transactions. The fee is subject to change. Other exclusions and conditions may apply. See Fidelity.com/commissions for details. Employee equity compensation transactions and accounts managed by advisors or intermediaries through Fidelity Clearing & Custody SolutionsĀ® are subject to different commission schedules.

Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.

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