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Fidelity vs E*TRADE 2019

StockBrokers.com | December 4th, 2019

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  3. Fidelity vs E*TRADE Review

Is E*TRADE better than Fidelity? Based on over 4,000 data points from our 2019 annual broker review, Fidelity (86.62%) is better than E*TRADE (83.68%).

fideltiy

Best for Investors
Fidelity Investments charges $0 per trade and received 4.5 stars in our 2019 Review, including being awarded Best in Class for 12 different categories. It is our top recommendation for discount trading. The broker also took home the #1 awards for Research and Order Execution. Finally, Fidelity's mobile app was rated Best Mobile App for Investors. Read full review.

E*TRADE

Best Web Platform - Open Account
Promo Offer: Get $100 when you deposit just $5,000 into a new E*TRADE account!

E*TRADE, with its $0 stock trades, finished fourth overall in 2019. E*TRADE was awarded 5 stars and #1 for Options Trading, thanks to its Power E*TRADE trading platform. The broker also won first place for Mobile Trading, and offers well-rounded access to quality research, trading tools, education, and more. Read full review.

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 $0.00
Stock Trade Fee (per trade) $0.00 $0.00
ETF Trade Fee $0.00 $0.00
Options Base Fee $0.00 $0.00
Options Per Contract Fee $0.65 $0.65
Mutual Fund Trade Fee $49.95 $19.99
Broker Assisted Trades Fee $32.95 $25.00
Commissions & Fees 4.5 4.5
Winner check_circle

Margin Rates

Feature Fidelity E*TRADE
Open Account
Under $24,999.99 9.33% 10.00%
$25,000.00 to $49,999.99 8.83% 9.75%
$50,000.00 to $99,999.99 7.88% 9.25%
$100,000.00 to $249,999.99 7.83% 8.75%
$250,000.00 to $499,999.99 7.58% 8.25%
$500,000.00 to $999,999.99 5.25% 7.75%
Above $1,000,000.00 5.00% 6.75%
Commissions & Fees 4.5 4.5
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 4.5 4.5

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 all all
Mutual Funds (No Load)
 3957 6663
Mutual Funds (Total)
 11246 9291
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 No
Desktop Platform (Mac)
 Yes No
Web Platform
 Yes Yes
Paper Trading
 No Yes
Trade Journal
 Yes No
Watch Lists - Total Fields
 91 125
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
 166 119
Charting - Drawing Tools
 22 32
Charting - Historical Trades
 Yes Yes
Charting - Corporate Events
 Yes Yes
Charting - Automated Analysis
 Yes Yes
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
 No Yes
Streaming TV
 Yes Yes
Direct Market Routing - Stocks
 Yes Yes
Direct Market Routing - Options
 Yes Yes
Ladder Trading
 No No
Trade Hot Keys
 Yes Yes
Level 2 Quotes - Stocks
 Yes Yes
Level 2 Quotes - Options
 Yes Yes
Trade Ideas - Backtesting
 No No
Short Locator
 Yes No
Order 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
 Yes Yes
Charting - After Hours
 Yes Yes
Charting - Drawing
 No No
Charting - Study Customizations
Yes Yes
Heatmapping
 Yes No
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
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
 14 5
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

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. Is E*TRADE or Fidelity a better online broker?

First, we will make a comparison of the stock and option trading fees for trading with both brokers. 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. 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 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 offers its clients access to 11782 different mutual funds while E*TRADE has 9062 available funds, a difference of 2,720.

Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. E*TRADE has virtual trading, Fidelity doesn't. For mobile trading, E*TRADE along with Fidelity both support the iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Checking Accounts, Savings Accounts, Debit Cards and Credit Cards are offered by Fidelity while E*TRADE offers Checking Accounts, Savings Accounts and Debit Cards.

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

E*TRADE Review
Fidelity Review

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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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