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Fidelity vs E*TRADE 2019

The StockBrokers.com annual review (9 years running) takes six months to complete and produces over 30,000 words of research each year. Here's how we test.

Is Fidelity better than E*TRADE? After scoring brokers in nine separate categories for our 2019 review, Fidelity (86.62%) is better than E*TRADE (83.68%). With over $2 trillion in client assets, Fidelity is a low-cost online broker offering $4.95 stock trades, industry-leading research, excellent trading tools, an easy-to-use mobile app, and comprehensive retirement services for investors. Overall, Fidelity is a winner for investors.

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Overall Rating

Feature Fidelity E*TRADE
Overall 4.5 4
Fidelity Review E*TRADE Review

Trading Fees

Feature Fidelity E*TRADE
Minimum Deposit $0.00 $500.00
Stock Trade Fee (per trade) $4.95 $6.95
ETF Trade Fee $4.95 $6.95
Options Base Fee $4.95 $6.95
Options Per Contract Fee $0.65 $0.75
Mutual Fund Trade Fee $49.95 $19.99
Broker Assisted Trades Fee $32.95 $25.00
Commissions & Fees 4 3.5
Winner check_circle

Margin Rates

Feature Fidelity
Open Account
E*TRADE
Open Account
Under $24,999.99 9.58% 10.50%
$25,000.00 to $49,999.99 9.08% 10.25%
$50,000.00 to $99,999.99 8.13% 9.75%
$100,000.00 to $249,999.99 8.08% 9.25%
$250,000.00 to $499,999.99 7.83% 8.75%
$500,000.00 to $999,999.99 5.50% 8.25%
Above $1,000,000.00 5.25% 7.25%
Commissions & Fees 4 3.5
Winner check_circle

Account Fees

Feature Fidelity E*TRADE
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $60.00
Returned ACH Fee $0.00 $0.00
Returned Wire Fee $0.00 $0.00
Stock Certificate Processing Fee $0.00 $0.00
Stock Certificate Delivery Fee $100.00 $75.00
Paper Statement Fee $0.00 $2.00
Paper Confirmation Fee $0.00 $0.00
Domestic Wire Fee $0.00 $25.00
International Wire Fee $0.00 $25.00
Commissions & Fees 4 3.5

Investment Options

Feature Fidelity E*TRADE
Stock Trading
Yes Yes
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
No Yes
Forex Trading
No No
Commission-Free ETFs 500 295
Mutual Funds (No Load)
4031 6266
Mutual Funds (Total)
11782 9062
Bonds (US Treasury)
Yes Yes
Bonds (Corporate)
Yes Yes
Bonds (Municipal)
Yes Yes
Advisor Services
Yes Yes
International Trading
Yes No
Offering of Investments 4.5 4.5
Winner check_circle

Order Types

Feature Fidelity E*TRADE
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes Yes
Order Type - Contingent
Yes Yes
Order Type - MultiContingent
Yes No
Order Type - OCO
Yes Yes
Order Type - OTO
Yes Yes
Order Type - OTOCO
Yes Yes
Offering of Investments 4.5 4.5
Winner check_circle

Trading Platforms

Feature Fidelity E*TRADE
Desktop Platform (Windows)
Yes Yes
Desktop Platform (Mac)
Yes Yes
Web Platform
Yes Yes
Paper Trading
No Yes
Trade Journal
Yes No
Watch Lists - Total Fields
91 125
Two-Factor Authentication Login
Yes Yes
Heat Mapping
Yes No
Platforms & Tools 4.5 4.5
Winner check_circle

Charting Features

Feature Fidelity E*TRADE
Charting - Trade Off Chart
Yes Yes
Charting - Indicators / Studies
166 118
Charting - Drawing Tools
22 33
Charting - Historical Trades
Yes Yes
Charting - Corporate Events
Yes Yes
Charting - Automated Analysis
Yes No
Charting - Save Profiles
Yes Yes
Charting - Study Customizations
5 6
Charting - Custom Studies
No No
Platforms & Tools 4.5 4.5
Winner check_circle

Day Trading

Feature Fidelity E*TRADE
Stock Alerts - Basic Fields
Yes Yes
Stock Alerts - Advanced Fields
Yes No
Streaming Time & Sales
Yes Yes
Streaming TV
Yes Yes
Direct Market Routing - Stocks
Yes Yes
Direct Market Routing - Options
Yes Yes
Ladder Trading
No Yes
Trade Hot Keys
Yes Yes
Level 2 Quotes - Stocks
Yes Yes
Level 2 Quotes - Options
Yes Yes
Trade Ideas - Backtesting
Yes Yes
Short Locator
Yes No
Client Liquidity Rebates
No No
Winner check_circle

Mobile Trading Apps

Feature Fidelity E*TRADE
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
Yes Yes
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes Yes
Trading - Conditional Orders
No Yes
Trading - Mutual Funds
Yes Yes
Trading - Simple Options
Yes Yes
Trading - Complex Options
Yes Yes
Trading - Option Rolling
No No
Touch / Face ID
Yes Yes
Winner check_circle

Mobile App Features

Feature Fidelity E*TRADE
Watch List Syncing
Yes Yes
Stock Alerts - Basic Fields
Yes Yes
Stock Alerts - Advanced Fields
Yes No
Charting - After Hours
Yes Yes
Charting - Drawing
No No
Charting - Study Customizations
Yes Yes
Customizable Homescreen
Yes Yes
Heatmapping
Yes Yes
Stream Live TV
Yes Yes
Barcode Lookup
No Yes
Mobile Trading 4.5 5
Winner check_circle

Research Overview

Feature Fidelity E*TRADE
Research - Stocks
Yes Yes
Research - ETFs
Yes Yes
Research - Mutual Funds
Yes Yes
Research - Pink Sheets / OTCBB
Yes Yes
Research - Fixed Income
Yes Yes
Research - Futures
Yes Yes
Research - Forex
No No
Screener - Stocks
Yes Yes
Screener - ETFs
Yes Yes
Screener - Mutual Funds
Yes Yes
Screener - Options
Yes Yes
Screener - Bonds
Yes Yes
Misc - Portfolio Builder
Yes Yes
Misc - Portfolio Allocation
Yes Yes
Research 5 4.5
Winner check_circle

Stock Research

Feature Fidelity E*TRADE
Stock Research - Reports
12 4
Stock Research - Earnings
Yes Yes
Stock Research - Insiders
Yes Yes
Stock Research - Metric Comp
Yes No
Stock Research - SEC Filings
Yes Yes
Stock Research - Social
Yes Yes
Stock Research - Balance Sheet
Yes Yes
Stock Research - Cash Flows
Yes Yes
Stock Research - News
Yes Yes
Stock Research - ESG
Yes No
Research 5 4.5
Winner check_circle

ETF Research

Feature Fidelity E*TRADE
ETFs - Strategy Overview
Yes Yes
ETFs - Top 10 Holdings
Yes Yes
ETFs - Sector Exposure
Yes Yes
ETFs - Risk Analysis
Yes Yes
ETFs - Performance Analysis
Yes Yes
ETFs - Ratings
Yes Yes
ETFs - Morningstar StyleMap
Yes Yes
ETFs - Reports
Yes Yes
Research 5 4.5
Winner check_circle

Mutual Fund Research

Feature Fidelity E*TRADE
Mutual Funds - Strategy Overview
Yes Yes
Mutual Funds - Prospectus
Yes Yes
Mutual Funds - Reports
No Yes
Mutual Funds - Fees Breakdown
Yes Yes
Mutual Funds - Top 10 Holdings
Yes Yes
Mutual Funds - Asset Allocation
Yes Yes
Mutual Funds - Sector Allocation
Yes Yes
Mutual Funds - Country Allocation
Yes Yes
Mutual Funds - StyleMap
Yes Yes
Mutual Funds - 3rd Party Ratings
Yes Yes
Research 5 4.5
Winner check_circle

Options Trading

Feature Fidelity E*TRADE
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
26 30
Option Chains - Greeks
5 5
Option Chains - Quick Analysis
Yes Yes
Option Analysis - P&L Charts
Yes Yes
Option Probability Analysis
Yes Yes
Option Probability Analysis Adv
Yes Yes
Option Positions - Greeks
Yes Yes
Option Positions - Adv Analysis
Yes Yes
Option Positions - Rolling
Yes Yes
Option Positions - Grouping
Yes Yes
Platforms & Tools 4.5 4.5
Winner check_circle

Beginners

Feature Fidelity E*TRADE
Has Education - Stocks
Yes Yes
Has Education - ETFs
Yes Yes
Has Education - Options
Yes Yes
Has Education - Mutual Funds
Yes Yes
Has Education - Fixed Income
Yes Yes
Has Education - Retirement
Yes Yes
Paper Trading
No Yes
Videos
Yes Yes
Webinars (Monthly Avg)
8 12
Webinars (Archived)
Yes Yes
Live Seminars
Yes Yes
Progress Tracking
Yes No
Interactive Learning - Quizzes
Yes Yes
Investor Magazine
Yes No
Education 5 4.5
Winner check_circle

Banking

Feature Fidelity E*TRADE
Retail Locations
197 30
Member FDIC
No Yes
Checking Accounts
Yes Yes
Savings Accounts
Yes Yes
Credit Cards
Yes No
Debit Cards
Yes Yes
Mortgage Loans
No No
No Fee Banking
Yes No
Banking 4 4
Winner check_circle

Overall

Feature Fidelity E*TRADE
Fidelity Review E*TRADE Review
Overall 4.5 4
Winner check_circle
Using data from our latest annual broker review which tested more than a dozen different online brokers over six months, we can compare E*TRADE vs Fidelity to determine which broker is best. Let's dive in.

First, we will break down the commission charges of both brokers for placing stock and options trades. E*TRADE charges $6.95 per stock trade which is $2.00 more than Fidelity which charges customers $4.95 per trade. With options, the base fees charged are $6.95 (E*TRADE) and $4.95 (Fidelity). Fidelity's per contract rate of $0.65 is less than E*TRADE which charges $0.75. Instead of flat rate fees, several brokers charge a per-share fee instead. For a complete review of trading charges, read our full online broker reviews.

Next, investors want to make sure they can trade the investment vehicle they want. Fidelity supports Stock Trading, Options Trading and Mutual Funds while E*TRADE supports Stock Trading, Options Trading, Mutual Funds and Futures Trading. As far as mutual funds go, E*TRADE trails Fidelity by 2,720 total mutual funds, with Fidelity offering 11782 and E*TRADE offering 9062.

Finally, by comparing the each broker's website and platform features, we can surface interesting differences. E*TRADE has virtual trading, Fidelity doesn't. For mobile trading, E*TRADE and Fidelity both have a iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Checking Accounts, Savings Accounts, Debit Cards and Credit Cards are available to clients of Fidelity while E*TRADE offers customers Checking Accounts, Savings Accounts and Debit Cards.

Overall, between E*TRADE and Fidelity, Fidelity is the winner.

E*TRADE Review
Fidelity Review


All pricing data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.

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