The StockBrokers.com 2017 Brokerage Review
assessed 16 different brokers over six months. This review compares E*TRADE vs Fidelity Investments. Is E*TRADE 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. E*TRADE charges more than Fidelity Investments for placing regular stock trades ($6.95 and $4.95, respectively). Looking at trading options, Fidelity Investments's base fee is $4.95 while E*TRADE's is $6.95. Fidelity Investments's per contract rate of $0.65 is less than E*TRADE which charges $0.75. 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 offers clients Stock Trading, Options Trading and Mutual Funds while E*TRADE offers Stock Trading, Options Trading, Mutual Funds and Futures Trading. When it comes to mutual funds, E*TRADE trails Fidelity Investments by 4,552.00 total mutual funds, with Fidelity Investments offering 13204 and E*TRADE offering 8652. Commission free ETFs can also be a nice plus, with Fidelity Investments falling behind E*TRADE, offering 91 commission free ETFs compared to E*TRADE's 133.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. Fidelity Investments offers virtual trading while E*TRADE does not. For mobile trading, E*TRADE 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 and Debit Cards are available to clients of E*TRADE while Fidelity Investments offers customers Checking Accounts, Savings Accounts, Debit Cards and Credit Cards. On the whole, when it comes to tools, research, and mobile trading, E*TRADE was rated Best in Class - Research and Best in Class - Mobile Trading in 2017, while Fidelity Investments was rated Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, Fidelity Investments comes out on top with 4.50 stars over E*TRADE's 4.00 stars.