Fidelity Investments vs E*TRADE Review
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 E*TRADE better than Fidelity Investments? After scoring brokers on over 4,000 data points for our 2019 review, Fidelity Investments (86.62%) is better than E*TRADE (83.68%). From industry-leading research to excellent trading tools, mobile apps, and retirement services, Fidelity defines “value” and provides investors with everything they need to succeed, and more.
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 charges $6.95 per stock trade which is $2.00 more than Fidelity Investments which charges customers $4.95 per trade. Looking at trading options, Fidelity Investments's base fee is $4.95 while E*TRADE's is $6.95. Fidelity Investments's per contract rate of $0.65 is less than E*TRADE which charges $0.75. 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 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. Looking at mutual funds, E*TRADE trails Fidelity Investments by 2,720 total mutual funds, with Fidelity Investments offering 11782 and E*TRADE offering 9062.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Neither broker offers virtual trading. Taking a look at mobile trading, E*TRADE and Fidelity Investments 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. Clients can have Checking Accounts, Savings Accounts, Debit Cards and Credit Cards at Fidelity Investments while customers at E*TRADE can have Checking Accounts, Savings Accounts and Debit Cards.
Overall, between E*TRADE and Fidelity Investments, Fidelity Investments is the winner.
Fidelity Investments 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.