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. Each option contract then costs $0.65 at Fidelity and $0.40 at ChoiceTrade. 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, Fidelity offers its clients access to 11782 different mutual funds while ChoiceTrade has 0 available funds, a difference of 11,782.
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.