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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