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.
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 and Fidelity have equal fees for trading stocks (equities), $0 per trade. With options, the base fee is $0 for both E*TRADE and Fidelity. Option contracts cost $0.65 each at both brokerages. 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 supports Stock Trading, Options Trading and Mutual Funds while E*TRADE supports Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, Fidelity offers its clients access to 11782 different mutual funds while E*TRADE has 9062 available funds, a difference of 2,720.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. E*TRADE offers virtual trading while Fidelity does not. Taking a look at mobile trading, E*TRADE and Fidelity 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. 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.