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Fidelity Investments vs E*TRADE Review

Brandon Reinkensmeyer

Published by Brandon Reinkensmeyer


Thursday, May 25th, 2017

The StockBrokers.com 2017 Brokerage Review compares E*TRADE vs Fidelity Investments. Compare E*TRADE and Fidelity Investments trade commissions, fees and overall broker ratings by using the table below. Is E*TRADE or Fidelity Investments a better online broker?

Looking at both brokers, first we will take a look at the commission rates for both placing regular stock and options trades. E*TRADE charges $6.95 per stock trade which is $2.00 more than Fidelity Investments which charges clients $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. Contracts are pricier at E*TRADE, costing $0.75 versus $0.65 at Fidelity Investments, a difference of $0.10 per contract. It should be noted that not every broker uses a flat rate stock trade fee structure, so it is important to read the full commission notes (head over to any online brokerage review page, then navigate to the "Commission Notes" section).

Alongside trade commissions, being able to trade the way you want is a must. Fidelity Investments offers clients Stock Trading, Options Trading and Mutual Funds while E*TRADE offers Stock Trading, Options Trading, Mutual Funds and Futures Trading. When it comes to mutual funds, Fidelity Investments boasts an offering of 13204 compared to E*TRADE's 8652 available funds. Commission free ETFs can also be a nice plus, with E*TRADE having the upper hand thanks to its 133 available ETFs compared to Fidelity Investments's offering of 91.

Last but not least, by breaking down important features that each broker offers, we can really help to separate the two brokers. 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 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 trading on the go, E*TRADE posted awards for Best in Class - Research and Best in Class - Mobile Trading in 2014, while Fidelity Investments found itself with 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.
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Overall
Commissions & Fees
Offering of Investments
Platforms & Tools
Research
Customer Service
Mobile Trading
Ease of Use
Education
Order Execution
Banking
Stock Trade Fee (flat)
Options Base Fee
Options Per Contract Fee
Mutual Fund Trade Fee
Broker Assisted Trades Fee
Minimum Deposit
No Inactivity Fees
No Fee IRAs
Stock Trading
Options Trading
Mutual Funds
Forex Trading
Futures Trading
Desktop Platform (Windows)
Web Platform
Virtual Trading
Charting - Drawing Tools
Charting - Indicators / Studies
Option Chains - Total Columns
Watch Lists - Total Fields
iPhone App
iPad App
Android App
Android Tablet App
Apple Watch App
Trading - After-Hours
Trading - Mutual Funds
Trading - Conditional Orders
Trading - Simple Options
Trading - Complex Options
Commission Free ETFs
Mutual Funds (No Load)
Mutual Funds (Total)
# of Easy to Borrow Stocks
Retail Locations
Under $24,999.99
$25,000.00 to $49,999.99
$50,000.00 to $99,999.99
$100,000.00 to $249,999.99
$250,000.00 to $499,999.99
Above $1,000,000.00
$500,000.00 to $999,999.99
Checking Accounts
Savings Accounts
Credit Cards
Debit Cards
Mortgage Loans
No Fee Banking
Fidelity Investments
Exclusive Offer Get 300 commission-free trades and 2 years to use them Learn More
Fidelity Investments Review
 
4.5
3
4.5
4.5
5
4.5
4.5
4.5
4.5
5
4
 
$4.95
$4.95
$0.65
$49.95
$32.95
$2,500.00
Yes
Yes
 
Yes
Yes
Yes
No
No
 
Yes
Yes
Yes
22
166
26
80
 
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
No
Yes
Yes
 
91
4052
13204
3748
195
 
8.33%
7.83%
6.88%
6.58%
6.58%
4.00%
4.00%
 
Yes
Yes
Yes
Yes
No
Yes
E*TRADE
Special Offer Announcing $6.95 Online Equity & Options Trades. Join today! Learn More
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E*TRADE Review
 
4
2.5
4
4
4.5
4
4.5
4.5
4.5
2.5
3.5
 
$6.95
$6.95
$0.75
$19.99
$25.00
$500.00
Yes
Yes
 
Yes
Yes
Yes
No
Yes
 
Yes
Yes
No
24
118
39
130
 
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
Yes
Yes
 
133
4276
8652
3000
30
 
8.75%
8.50%
8.00%
7.50%
7.00%
5.50%
6.50%
 
Yes
No
No
Yes
No
Yes

All pricing data was obtained from a published web site as of 2/20/2017 and is believed to be accurate, but is not guaranteed. The StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page. 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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