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 4,000 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. 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. 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 provides its clients with Stock Trading, Options Trading and Mutual Funds while E*TRADE provides clients access to Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, E*TRADE trails Fidelity Investments by 2,720 total mutual funds, with Fidelity Investments offering 11782 and E*TRADE offering 9062.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Neither broker offers virtual trading. 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. Clients can have Checking Accounts, Savings Accounts, Debit Cards and Credit Cards at Fidelity Investments while customers at E*TRADE can have Checking Accounts, Savings Accounts and Debit Cards.
Overall, between E*TRADE and Fidelity Investments, Fidelity Investments is the winner
Fidelity Investments Review