Comparing brokers side by side is no easy task. For our annual broker review, we assess over a dozen brokers on hundreds of different variables to find the best online broker
. Yielding a database of over 5,000 data points, let's compare E*TRADE vs Fidelity Investments.
To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. E*TRADE charges $6.95 per stock trade which is $2.00 more than Fidelity Investments which charges customers $4.95 per trade. With options, the base fees charged are $6.95 (E*TRADE) and $4.95 (Fidelity Investments). Fidelity Investments's per contract rate of $0.65 is less than E*TRADE which charges $0.75. It's important to note that not all brokers charge a flat fee per trade. Thus, it is important to read the full commission notes for each broker, which we include with each online broker review
Next to commission rates, being able to trade what you want is important. Fidelity Investments supports Stock Trading, Options Trading and Mutual Funds while E*TRADE supports Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, Fidelity Investments boasts an offering of 12505 mutual funds compared to E*TRADE's 8998 available funds. Commission free ETFs can also be valuable for customers, with E*TRADE having the upper hand thanks to its 270 available commission free ETFs compared to Fidelity Investments's offering of 265.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Fidelity Investments has virtual trading, E*TRADE doesn't. Taking a look at mobile trading, E*TRADE and Fidelity Investments both have a iPhone App, iPad App and Android App. Not to be left out, online banking is also a nice benefit for many investors, and some 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, 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 5.00 stars over E*TRADE's 4.50 stars.