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Fidelity vs eToro 2022

StockBrokers.com

Written by StockBrokers.com

November 02, 2022

Is Fidelity better than eToro? After testing 15 of the best online brokers over six months, Fidelity (95.57%) is better than E*TRADE (92.52%). Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools, an easy-to-use mobile app, and comprehensive retirement services. Serving over 40 million customers, Fidelity is a winner for everyday investors.

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Overall RatingFidelityeToroE*TRADE
Overall5 Stars3 Stars5 Stars
Commissions & Fees5 Stars4 Stars4.5 Stars
Investment Options4.5 Stars2 Stars5 Stars
Platforms & Tools4.5 Stars2.5 Stars4.5 Stars
Mobile Trading Apps5 Stars2.5 Stars5 Stars
Research5 Stars2.5 Stars4.5 Stars
Customer Service4.5 StarsN/A4.5 Stars
Education5 Stars3.5 Stars4.5 Stars
Ease Of Use4.5 Stars4 Stars5 Stars
Winnercheck_circle
ReviewFidelity RevieweToro ReviewE*TRADE Review
Trading FeesFidelityeToroE*TRADE
Minimum Deposit$0.00$10.00$0.00
Stock Trades$0.00$0.00$0.00
Penny Stock Fees (OTCCB)$0.00N/A$6.95
Mutual Fund Trade Fee$49.95N/A$19.99
Options (Base Fee)$0.00N/A$0.00
Options (Per Contract)$0.65N/A$0.65
Futures (Per Contract)N/AN/A$1.50
Broker Assisted Trade Fee$32.95$0$25
Margin RatesFidelityeToroE*TRADE
Margin Rate Under $24,999.9911.33%N/A11.95%
Margin Rate $25,000.00 to $49,999.9910.83%N/A11.45%
Margin Rate $50,000.00 to $99,999.999.88%N/A10.95%
Margin Rate $100,000.00 to $249,999.999.83%N/A10.45%
Margin Rate $250,000.00 to $499,999.999.58%N/A9.95%
Margin Rate $500,000.00 to $999,999.997.25%N/A9.45%
Margin Rate Above $1,000,000.007.00%N/A8.45%
Account FeesFidelityeToroE*TRADE
IRA Annual Fee$0.00N/A$0.00
IRA Closure Fee$0.00N/A$0.00
Account Transfer Out (Partial)$0.00N/A$25.00
Account Transfer Out (Full)$0.00N/A$75.00
Options Exercise Fee$0.00N/A$0.00
Options Assignment Fee$0.00N/A$0.00
Investment OptionsFidelityeToroE*TRADE
Stock TradingYesYesYes
Margin TradingYesNoYes
Fractional SharesYesYesNo
OTCBB / Pink SheetsYesNoYes
Options TradingYesNoYes
Complex Options Max Legs404
Futures TradingNoNoYes
Forex TradingNoNoNo
Crypto TradingNoYesNo
Crypto Trading - Total Coins0260
Mutual Funds (No Load)584306486
Mutual Funds (Total)1000007242
Bonds (US Treasury)YesNoYes
Bonds (Corporate)YesNoYes
Bonds (Municipal)YesNoYes
Advisor ServicesYesNoYes
International Countries (Stocks)2500
Order TypesFidelityeToroE*TRADE
Order Type - MarketYesYesYes
Order Type - LimitYesNoYes
Order Type - After HoursYesNoYes
Order Type - StopYesYesYes
Order Type - Trailing StopYesYesYes
Order Type - OCOYesNoYes
Order Type - OTOYesNoYes
Order Type - Broker AssistedYesNoYes
BeginnersFidelityeToroE*TRADE
Education (Stocks)YesYesYes
Education (ETFs)YesNoYes
Education (Options)YesNoYes
Education (Mutual Funds)YesNoYes
Education (Bonds)YesNoYes
Education (Retirement)YesNoYes
Retirement CalculatorYesNoYes
Investor DictionaryYesNoYes
Paper TradingNoYesYes
VideosYesYesYes
WebinarsYesNoYes
Webinars (Archived)YesNoYes
Progress TrackingYesNoNo
Interactive Learning - QuizzesYesNoYes
Stock Trading AppsFidelityeToroE*TRADE
iPhone AppYesYesYes
Android AppYesYesYes
Apple Watch AppYesNoYes
Trading - StocksYesYesYes
Trading - After-HoursYesNoYes
Trading - Simple OptionsYesNoYes
Trading - Complex OptionsYesNoYes
Order Ticket RT QuotesYesYesYes
Order Ticket SRT QuotesYesYesYes
Stock App FeaturesFidelityeToroE*TRADE
Market Movers (Top Gainers)YesYesYes
Stream Live TVYesNoYes
Videos on DemandYesNoNo
Stock AlertsYesYesYes
Option Chains ViewableYesNoYes
Watch List (Real-time)YesYesYes
Watch List (Streaming)YesYesYes
Watch Lists - Create & ManageYesYesYes
Watch Lists - Column CustomizationYesNoYes
Watch Lists - Total Fields92795
Stock App ChartingFidelityeToroE*TRADE
Charting - After-HoursYesNoYes
Charting - Can Turn HorizontallyYesNoYes
Charting - Multiple Time FramesYesYesYes
Charting - Technical Studies129510
Charting - Study CustomizationsYesYesYes
Charting - Stock ComparisonsYesNoYes
Trading PlatformsFidelityeToroE*TRADE
Active Trading PlatformActive Trader ProN/APower E*TRADE
Desktop Trading PlatformYesNoNo
Desktop Platform (Mac)YesNoNo
Web Trading PlatformYesYesYes
Paper TradingNoYesYes
Trade JournalYesNoNo
Watch Lists - Total Fields92795
Stock Chart FeaturesFidelityeToroE*TRADE
Charting - Adjust Trades on ChartYesNoYes
Charting - Indicators / Studies12946119
Charting - Drawing Tools371331
Charting - NotesYesYesYes
Charting - Index OverlaysYesYesYes
Charting - Historical TradesYesNoYes
Charting - Corporate EventsYesNoYes
Charting - Custom Date RangeYesNoYes
Charting - Custom Time BarsYesNoNo
Charting - Automated AnalysisYesNoYes
Charting - Save ProfilesYesYesYes
Trade Ideas - Technical AnalysisYesYesYes
Charting - Study Customizations556
Charting - Custom StudiesNoNoNo
Day TradingFidelityeToroE*TRADE
Streaming Time & SalesYesYesYes
Streaming TVYesNoYes
Direct Market Routing - StocksYesNoYes
Ladder TradingNoNoNo
Trade Hot KeysYesNoYes
Level 2 Quotes - StocksYesNoYes
Trade Ideas - BacktestingYesNoNo
Trade Ideas - Backtesting AdvNoNoNo
Short LocatorYesNoNo
Order Liquidity RebatesNoNoNo
Research OverviewFidelityeToroE*TRADE
Research - StocksYesYesYes
Research - ETFsYesYesYes
Research - Mutual FundsYesNoYes
Research - Pink Sheets / OTCBBYesNoYes
Research - BondsYesNoYes
Screener - StocksYesNoYes
Screener - ETFsYesNoYes
Screener - Mutual FundsYesNoYes
Screener - BondsYesNoYes
Misc - Portfolio AllocationYesNoYes
Stock ResearchFidelityeToroE*TRADE
Stock Research - PDF Reports1106
Stock Research - EarningsYesYesYes
Stock Research - InsidersYesYesYes
Stock Research - SocialYesYesYes
Stock Research - NewsYesYesYes
Stock Research - ESGYesYesNo
Stock Research - SEC FilingsYesYesYes
ETF ResearchFidelityeToroE*TRADE
ETFs - Strategy OverviewYesYesYes
ETF Fund Facts - Inception DateYesNoYes
ETF Fund Facts - Expense RatioYesNoYes
ETF Fund Facts - Net AssetsYesNoYes
ETF Fund Facts - Total HoldingsYesNoYes
ETFs - Top 10 HoldingsYesNoYes
ETFs - Sector ExposureYesNoYes
ETFs - Risk AnalysisYesNoYes
ETFs - RatingsYesYesYes
ETFs - Morningstar StyleMapYesNoYes
ETFs - PDF ReportsYesNoYes
Mutual Fund ResearchFidelityeToroE*TRADE
Mutual Funds - Strategy OverviewYesNoYes
Mutual Funds - Performance ChartYesNoNo
Mutual Funds - Performance AnalysisYesNoYes
Mutual Funds - ProspectusYesNoYes
Mutual Funds - 3rd Party RatingsYesNoYes
Mutual Funds - Fees BreakdownYesNoYes
Mutual Funds - Top 10 HoldingsYesNoYes
Mutual Funds - Asset AllocationYesNoYes
Mutual Funds - Sector AllocationYesNoYes
Mutual Funds - Country AllocationYesNoYes
Mutual Funds - StyleMapYesNoYes
Options TradingFidelityeToroE*TRADE
Option Chains - Basic ViewYesNoYes
Option Chains - Strategy ViewYesNoYes
Option Chains - StreamingYesNoYes
Option Chains - Total Columns26031
Option Chains - Greeks505
Option Chains - Quick AnalysisYesNoYes
Option Analysis - P&L ChartsYesNoYes
Option Probability AnalysisYesNoYes
Option Probability Analysis AdvYesNoYes
Option Positions - GreeksYesNoYes
Option Positions - Greeks StreamingYesNoYes
Option Positions - Adv AnalysisYesNoYes
Option Positions - RollingYesNoYes
Option Positions - GroupingYesNoYes
BankingFidelityeToroE*TRADE
Bank (Member FDIC)NoNoYes
Checking AccountsYesNoYes
Savings AccountsYesNoYes
Credit CardsYesNoYes
Debit CardsYesNoYes
Mortgage LoansNoNoYes
Customer ServiceFidelityeToroE*TRADE
Phone Support (Prospect Customers)YesNoYes
Phone Support (Current Customers)YesNoYes
Email SupportYesYesYes
Live Chat (Prospect Customers)YesYesNo
Live Chat (Current Customers)YesYesYes
24/7 SupportYesNoYes
OverallFidelityeToroE*TRADE
Overall5 Stars3 Stars5 Stars
Commissions & Fees5 Stars4 Stars4.5 Stars
Investment Options4.5 Stars2 Stars5 Stars
Platforms & Tools4.5 Stars2.5 Stars4.5 Stars
Mobile Trading Apps5 Stars2.5 Stars5 Stars
Research5 Stars2.5 Stars4.5 Stars
Education5 Stars3.5 Stars4.5 Stars
Ease Of Use4.5 Stars4 Stars5 Stars
Winnercheck_circle
ReviewFidelity RevieweToro ReviewE*TRADE Review
  • check_box_outline_blankcheck_boxAlly Invest
  • check_box_outline_blankcheck_boxCharles Schwab
  • check_box_outline_blankcheck_boxE*TRADE
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxFidelity
  • check_box_outline_blankcheck_boxFirstrade
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxJ.P. Morgan Self-Directed Investing
  • check_box_outline_blankcheck_boxMerrill Edge
  • check_box_outline_blankcheck_boxRobinhood
  • check_box_outline_blankcheck_boxSofi Invest
  • check_box_outline_blankcheck_boxTD Ameritrade
  • check_box_outline_blankcheck_boxTradeStation
  • check_box_outline_blankcheck_boxTradier
  • check_box_outline_blankcheck_boxVanguard
  • check_box_outline_blankcheck_boxWebull
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Fidelity vs eToro Comparison

Comparing brokers side by side is no easy task. For our 2022 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Let's compare Fidelity vs eToro.

Is Fidelity or eToro better for beginners?

Fidelity offers more comprehensive new investor education for beginner investors than E*TRADE. Fidelity offers investors access to Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement), while eToro offers investors access to Paper Trading, Videos and Education (Stocks).

What about Fidelity vs eToro pricing?

Fidelity and eToro charge the same amount for regular stock trades, $0.00. Option contracts are pricier at Fidelity, costing $0.65 per contract versus N/A per contract at eToro. For a complete commissions summary, see our best brokers for free stock trading guide.

Does Fidelity or eToro offer a wider range of investment options?

Fidelity offers investors access to Stock Trading, Fractional Shares, Options Trading, OTCBB / Pink Sheets, Mutual Funds and Advisor Services, while eToro offers investors access to Stock Trading and Fractional Shares, neither have Futures Trading and Forex Trading. Looking at Mutual Funds, eToro trails Fidelity in its offering of no transaction fee (NTF) mutual funds, with Fidelity offering 3401 and eToro offering 0.

Which trading platform is better: Fidelity or eToro?

To compare the trading platforms of Fidelity and eToro, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Fidelity offers a better experience. With research, Fidelity offers superior market research. Finally, we found E*TRADE to provide better mobile trading apps.

Does either broker offer banking?

Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Checking Accounts, Savings Accounts, Debit Cards and Credit Cards are offered by Fidelity while eToro offers neither of these, neither have Mortgage Loans.

Is Fidelity good?

Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools, an easy-to-use mobile app, and comprehensive retirement services. Serving over 40 million customers, Fidelity is a winner for everyday investors.

Is eToro good?

eToro bills itself as a social trading platform, and that is exactly what you get. It’s a combination of Twitter and trading that will appeal to those who are most interested in learning how to trade cryptocurrencies or joining a community with crypto as the focus. The scope currently is limited in the U.S., so those looking for more advanced trading or trading a variety of underlyings will want to look elsewhere.

Fidelity vs eToro Winner

Overall winner: Fidelity

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1 Fidelity Sell orders are subject to an activity assessment fee from $0.01 to $0.03 per $1,000 of principal. 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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