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Fidelity vs Firstrade 2022

Is Fidelity better than Firstrade? After testing 15 of the best online brokers over six months, Fidelity (95.57%) is better than Firstrade (77.79%). Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools, an easy-to-use mobile app, and comprehensive retirement services. Serving over 40 million customers, Fidelity is a winner for everyday investors.

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Overall Rating expand_moreexpand_less Fidelity Firstrade
Overall starstarstarstarstar starstarstarstarstar_border
Commissions & Fees starstarstarstarstar starstarstarstarstar_border
Investment Options starstarstarstarstar_border starstarstarstarstar_border
Platforms & Tools starstarstarstarstar_border starstarstar_borderstar_borderstar_border
Mobile Trading Apps starstarstarstarstar starstarstarstarstar_border
Research starstarstarstarstar starstarstarstarstar_border
Customer Service starstarstarstarstar_border starstarstarstar_borderstar_border
Education starstarstarstarstar starstarstarstar_borderstar_border
Ease Of Use starstarstarstarstar_border starstarstarstarstar_border
Winner check_circle
Review Fidelity Review Firstrade Review
Trading Fees expand_moreexpand_less Fidelity Firstrade
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
Mutual Fund Trade Fee $49.95 $0.00
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.65 $0.00
Futures (Per Contract) N/A N/A
Broker Assisted Trade Fee $32.95 $19.95
Margin Rates expand_moreexpand_less Fidelity Firstrade
Margin Rate Under $24,999.99 8.33% 8.75%
Margin Rate $25,000.00 to $49,999.99 7.83% 8.25%
Margin Rate $50,000.00 to $99,999.99 6.88% 7.75%
Margin Rate $100,000.00 to $249,999.99 6.83% 7.25%
Margin Rate $250,000.00 to $499,999.99 6.58% 7.00%
Margin Rate $500,000.00 to $999,999.99 4.25% 5.10%
Margin Rate Above $1,000,000.00 4.00% 4.50%
Account Fees expand_moreexpand_less Fidelity Firstrade
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $0.00
Account Transfer Out (Partial) $0.00 $55.00
Account Transfer Out (Full) $0.00 $75.00
Options Exercise Fee 0.00 0.00
Options Assignment Fee 0.00 0.00
Investment Options expand_moreexpand_less Fidelity Firstrade
Stock Trading Yes Yes
Fractional Shares Yes No
OTCBB / Pink Sheets Yes Yes
Options Trading Yes Yes
Complex Options Max Legs 4 4
Futures Trading No No
Forex Trading No No
Crypto Trading No No
Crypto Trading - Total Coins 0 0
Mutual Funds (No Load) 5768 13777
Mutual Funds (Total) 9615 19027
Bonds (US Treasury) Yes Yes
Bonds (Corporate) Yes Yes
Bonds (Municipal) Yes Yes
Advisor Services Yes No
International Countries (Stocks) 25 0
Order Types expand_moreexpand_less Fidelity Firstrade
Order Type - Market Yes Yes
Order Type - Limit Yes Yes
Order Type - After Hours Yes Yes
Order Type - Stop Yes Yes
Order Type - Trailing Stop Yes Yes
Order Type - OCO Yes Yes
Order Type - OTO Yes Yes
Order Type - Broker Assisted Yes Yes
Beginners expand_moreexpand_less Fidelity Firstrade
Education (Stocks) Yes Yes
Education (ETFs) Yes No
Education (Options) Yes Yes
Education (Mutual Funds) Yes No
Education (Bonds) Yes No
Education (Retirement) Yes Yes
Retirement Calculator Yes Yes
Investor Dictionary Yes Yes
Paper Trading No No
Videos Yes Yes
Webinars (Archived) Yes Yes
Progress Tracking Yes No
Interactive Learning - Quizzes Yes No
Stock Trading Apps expand_moreexpand_less Fidelity Firstrade
iPhone App Yes Yes
Android App Yes Yes
Apple Watch App Yes No
Trading - Stocks Yes Yes
Trading - After-Hours Yes Yes
Trading - Simple Options Yes Yes
Trading - Complex Options Yes Yes
Order Ticket RT Quotes Yes Yes
Order Ticket SRT Quotes Yes Yes
Stock App Features expand_moreexpand_less Fidelity Firstrade
Market Movers (Top Gainers) Yes Yes
Stream Live TV Yes No
Videos on Demand Yes No
Stock Alerts Yes No
Option Chains Viewable Yes Yes
Watch List (Real-time) Yes Yes
Watch List (Streaming) Yes Yes
Watch Lists - Create & Manage Yes Yes
Watch Lists - Column Customization Yes Yes
Watch Lists - Total Fields 91 47
Stock App Charting expand_moreexpand_less Fidelity Firstrade
Charting - After-Hours Yes No
Charting - Can Turn Horizontally Yes Yes
Charting - Multiple Time Frames Yes Yes
Charting - Technical Studies 7 81
Charting - Study Customizations Yes Yes
Charting - Stock Comparisons Yes No
Trading Platforms expand_moreexpand_less Fidelity Firstrade
Desktop Trading Platform Yes No
Web Trading Platform Yes Yes
Paper Trading No No
Trade Journal Yes No
Watch Lists - Total Fields 91 47
Stock Chart Features expand_moreexpand_less Fidelity Firstrade
Charting - Adjust Trades on Chart Yes No
Charting - Indicators / Studies 129 102
Charting - Drawing Tools 22 8
Charting - Notes Yes No
Charting - Index Overlays Yes Yes
Charting - Historical Trades Yes No
Charting - Corporate Events Yes Yes
Charting - Custom Date Range Yes No
Charting - Custom Time Bars Yes No
Charting - Automated Analysis Yes No
Charting - Save Profiles Yes No
Trade Ideas - Technical Analysis Yes No
Charting - Study Customizations 5 6
Charting - Custom Studies No No
Day Trading expand_moreexpand_less Fidelity Firstrade
Streaming Time & Sales No No
Streaming TV Yes No
Direct Market Routing - Stocks Yes No
Ladder Trading No No
Trade Hot Keys Yes No
Level 2 Quotes - Stocks Yes No
Trade Ideas - Backtesting Yes No
Trade Ideas - Backtesting Adv No No
Short Locator Yes No
Order Liquidity Rebates No No
Research Overview expand_moreexpand_less Fidelity Firstrade
Research - Stocks Yes Yes
Research - ETFs Yes Yes
Research - Mutual Funds Yes Yes
Research - Pink Sheets / OTCBB Yes Yes
Research - Bonds Yes Yes
Screener - Stocks Yes Yes
Screener - ETFs Yes Yes
Screener - Mutual Funds Yes Yes
Screener - Bonds Yes Yes
Misc - Portfolio Allocation Yes Yes
Stock Research expand_moreexpand_less Fidelity Firstrade
Stock Research - PDF Reports 11 1
Stock Research - Earnings Yes Yes
Stock Research - Insiders Yes Yes
Stock Research - Social Yes No
Stock Research - News Yes Yes
Stock Research - ESG Yes No
Stock Research - SEC Filings Yes Yes
ETF Research expand_moreexpand_less Fidelity Firstrade
ETFs - Strategy Overview Yes Yes
ETF Fund Facts - Inception Date Yes Yes
ETF Fund Facts - Expense Ratio Yes Yes
ETF Fund Facts - Net Assets Yes Yes
ETF Fund Facts - Total Holdings Yes Yes
ETFs - Top 10 Holdings Yes Yes
ETFs - Sector Exposure Yes Yes
ETFs - Risk Analysis Yes Yes
ETFs - Ratings Yes Yes
ETFs - Morningstar StyleMap Yes Yes
ETFs - PDF Reports Yes Yes
Mutual Fund Research expand_moreexpand_less Fidelity Firstrade
Mutual Funds - Strategy Overview Yes Yes
Mutual Funds - Performance Chart Yes Yes
Mutual Funds - Performance Analysis Yes Yes
Mutual Funds - Prospectus Yes Yes
Mutual Funds - 3rd Party Ratings Yes 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
Options Trading expand_moreexpand_less Fidelity Firstrade
Option Chains - Basic View Yes Yes
Option Chains - Strategy View Yes Yes
Option Chains - Streaming Yes No
Option Chains - Total Columns 26 8
Option Chains - Greeks 5 5
Option Chains - Quick Analysis Yes No
Option Analysis - P&L Charts Yes No
Option Probability Analysis Yes No
Option Probability Analysis Adv Yes No
Option Positions - Greeks Yes No
Option Positions - Greeks Streaming Yes No
Option Positions - Adv Analysis Yes No
Option Positions - Rolling Yes Yes
Option Positions - Grouping Yes No
Banking expand_moreexpand_less Fidelity Firstrade
Bank (Member FDIC) No No
Checking Accounts Yes Yes
Savings Accounts Yes No
Credit Cards Yes No
Debit Cards Yes Yes
Mortgage Loans No No
Customer Service expand_moreexpand_less Fidelity Firstrade
Phone Support (Prospect Customers) Yes Yes
Phone Support (Current Customers) Yes Yes
Email Support Yes Yes
Live Chat (Prospect Customers) Yes Yes
Live Chat (Current Customers) Yes Yes
24/7 Support Yes No
Overall expand_moreexpand_less Fidelity Firstrade
Overall starstarstarstarstar starstarstarstarstar_border
Commissions & Fees starstarstarstarstar starstarstarstarstar_border
Investment Options starstarstarstarstar_border starstarstarstarstar_border
Platforms & Tools starstarstarstarstar_border starstarstar_borderstar_borderstar_border
Mobile Trading Apps starstarstarstarstar starstarstarstarstar_border
Research starstarstarstarstar starstarstarstarstar_border
Education starstarstarstarstar starstarstarstar_borderstar_border
Ease Of Use starstarstarstarstar_border starstarstarstarstar_border
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Fidelity vs Firstrade Comparison

Comparing brokers side by side is no easy task. For our 2022 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Let's compare Fidelity vs Firstrade.

Is Fidelity or Firstrade better for beginners?

Fidelity offers more comprehensive new investor education for beginner investors than Firstrade. Fidelity offers investors access to Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement), while Firstrade offers investors access to Videos, Education (Stocks), Education (Options) and Education (Retirement), neither have Paper Trading.

What about Fidelity vs Firstrade pricing?

Fidelity and Firstrade charge the same amount for regular stock trades, $0.00. Option contracts are pricier at Fidelity, costing $0.65 per contract versus $0.00 per contract at Firstrade. For a complete commissions summary, see our best brokers for free stock trading guide.

Does Fidelity or Firstrade offer a wider range of investment options?

Fidelity offers investors access to Stock Trading, Fractional Shares, Options Trading, OTCBB / Pink Sheets, Mutual Funds and Advisor Services, while Firstrade offers investors access to Stock Trading, Options Trading, OTCBB / Pink Sheets and Mutual Funds, neither have Futures Trading and Forex Trading. Looking at Mutual Funds, Fidelity trails Firstrade in its offering of no transaction fee (NTF) mutual funds, with Firstrade offering 3767 and Fidelity offering 3412.

Which trading platform is better: Fidelity or Firstrade?

To compare the trading platforms of Fidelity and Firstrade, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Fidelity offers a better experience. With research, Fidelity offers superior market research. Finally, we found Fidelity to provide better mobile trading apps.

Does either broker offer banking?

Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Checking Accounts, Savings Accounts, Debit Cards and Credit Cards are offered by Fidelity while Firstrade offers Checking Accounts and Debit Cards, neither have Mortgage Loans.

Is Fidelity good?

Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools, an easy-to-use mobile app, and comprehensive retirement services. Serving over 40 million customers, Fidelity is a winner for everyday investors.

Is Firstrade good?

Firstrade scored well in our 2022 Annual Review for ease of use, and is a great choice for Chinese-speaking investors. However, it lags behind the competition in certain areas, especially platforms, tools and education.

Fidelity vs Firstrade Winner

Overall winner: Fidelity

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1 Fidelity Sell orders are subject to an activity assessment fee from $0.01 to $0.03 per $1,000 of principal. Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.
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