The StockBrokers.com annual broker review assesses more than a dozen different brokers over six months, surfacing the best online stock brokers
. 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, with its regular stock trades costing $6.95, is more expensive than Fidelity Investments's rate of $4.95 per trade. With options, the base fees charged are $6.95 (E*TRADE) and $4.95 (Fidelity Investments). Each option contract then costs $0.75 at E*TRADE and $0.65 at Fidelity Investments. 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 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. When it comes to mutual funds, E*TRADE trails Fidelity Investments by 3,507 total mutual funds, with Fidelity Investments offering 12505 and E*TRADE offering 8998. Commission free ETFs can also be a nice plus, with E*TRADE having the upper hand thanks to its 225 available commission free ETFs compared to Fidelity Investments's offering of 91.
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 has virtual trading, E*TRADE doesn't. For mobile trading, E*TRADE along with Fidelity Investments both support the 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 offered by E*TRADE while Fidelity Investments offers Checking Accounts, Savings Accounts, Debit Cards and Credit Cards. On the whole, when it comes to tools, research, and mobile trading, Fidelity Investments posted awards Best in Class - Platforms & Tools and Best in Class - Mobile Trading in 2018, while E*TRADE found itself with Best in Class - Research.
Overall, Fidelity Investments takes the upper hand with 5.00 stars over E*TRADE's 4.50 stars.