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 charges $6.95 per stock trade which is $2.00 more than Fidelity Investments which charges customers $4.95 per trade. For options trading, E*TRADE has a base fee of $6.95, and Fidelity Investments a base fee of $4.95. 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 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, Fidelity Investments boasts an offering of 12505 mutual funds compared to E*TRADE's 8998 available funds. Commission free ETFs can also be a nice plus, E*TRADE offers 156 commission free ETFs versus Fidelity Investments's total 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 makes virtual trading available to clients, while E*TRADE does not. For mobile trading, Both E*TRADE and Fidelity Investments offer clients access to an 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, while Fidelity Investments was rated Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, Fidelity Investments takes the upper hand with 4.50 stars over E*TRADE's 4.00 stars.