The StockBrokers.com 2017 Brokerage Review
compares ChoiceTrade vs Fidelity Investments. Compare ChoiceTrade and Fidelity Investments trade commissions, fees and overall broker ratings by using the table below. Is ChoiceTrade 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. ChoiceTrade charges more than Fidelity Investments for placing regular stock trades ($5.00 and $4.95, respectively). With options, the base fees charged are $5.00 (ChoiceTrade) and $4.95 (Fidelity Investments). At a difference of $0.15 per contract, ChoiceTrade's per contract rate of $0.50 is less than Fidelity Investments which charges $0.65. 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. Both ChoiceTrade and Fidelity Investments support Stock Trading, Options Trading and Mutual Funds. When it comes to mutual funds, Fidelity Investments boasts an offering of 13204 compared to ChoiceTrade's 500 available funds. Commission free ETFs can also be a nice plus, with ChoiceTrade falling behind Fidelity Investments, offering 0 commission free etfs compared to Fidelity Investments's 91.
Last but not least, by breaking down important features that each broker offers, we can really help to separate the two brokers. ChoiceTrade and Fidelity Investments both have virtual trading. For mobile trading, Fidelity Investments gives clients access to an iPhone App, iPad App and Android App while ChoiceTrade has an none of these. 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 available to clients of Fidelity Investments while ChoiceTrade offers clients none of these. On the whole, when it comes to tools, research, and trading on the go, Fidelity Investments finished with awards for Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading in 2014, while ChoiceTrade came up with none of these.
Overall, Fidelity Investments comes out on top with 4.50 stars over ChoiceTrade's 2.00 stars.