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Firstrade vs Fidelity 2020

Is Fidelity better than Firstrade? After scoring brokers on over 3,500 data points for our 2020 review, Fidelity (95%) is better than Firstrade (76.33%).

fideltiy

Best research experience - Open Account
Trade Commission-Free: No commissions to trade online U.S. stocks, ETFs, and options.1

With over $2 trillion in client assets, Fidelity is a value-driven online broker offering $0 stock trades, industry-leading research, excellent trading tools, an easy-to-use mobile app, and comprehensive retirement services. Overall, Fidelity is a winner for everyday investors. Read full review

Firstrade

Best for Chinese-speaking investors - Open Account
Special Offer: Commission-Free Trading on 700+ ETFs

Firstrade offers $0 stock, ETF, and options trades, and is best known for its easy-to-use website, alongside its Chinese language services. While Firstrade offers Morningstar research and a variety of tools, its overall offering struggles to stand out against household name brands who are also priced at $0. Read full review

Overall Rating

Trading Fees

Feature Firstrade Fidelity
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 $0.00 $0.65
Mutual Fund Trade Fee $0.00 $49.95
Broker Assisted Trades Fee $19.95 $32.95
Commissions & Fees 4.5 4.5
Winner check_circle

Margin Rates

Feature Firstrade Fidelity
Under $24,999.99 9.00% 9.33%
$25,000.00 to $49,999.99 8.75% 8.83%
$50,000.00 to $99,999.99 8.25% 7.88%
$100,000.00 to $249,999.99 7.75% 7.83%
$250,000.00 to $499,999.99 7.50% 7.58%
$500,000.00 to $999,999.99 5.60% 5.25%
Above $1,000,000.00 5.00% 5.00%
Commissions & Fees 4.5 4.5
Winner check_circle

Account Fees

Feature Firstrade Fidelity
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $0.00
Returned ACH Fee $50.00 $0.00
Returned Wire Fee $50.00 $0.00
Stock Certificate Processing Fee $300.00 $0.00
Stock Certificate Delivery Fee $300.00 $100.00
Paper Statement Fee $5.00 $0.00
Paper Confirmation Fee $3.00 $0.00
Domestic Wire Fee $30.00 $0.00
International Wire Fee $50.00 $0.00
Commissions & Fees 4.5 4.5

Investment Options

Feature Firstrade Fidelity
Stock Trading
Yes Yes
Fractional Shares
No No
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
No No
Forex Trading
No No
Commission-Free ETFs all all
Mutual Funds (No Load)
10746 3957
Mutual Funds (Total)
14939 11246
Bonds (US Treasury)
Yes Yes
Bonds (Corporate)
Yes Yes
Bonds (Municipal)
Yes Yes
Interest Sharing
No Yes
Advisor Services
No Yes
International Trading
No Yes
Offering of Investments 4 4.5
Winner check_circle

Order Types

Feature Firstrade Fidelity
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 Yes
Order Type - OCO
Yes Yes
Order Type - OTO
Yes Yes
Order Type - OTOCO
No Yes
Offering of Investments 4 4.5
Winner check_circle

Trading Platforms

Feature Firstrade Fidelity
Desktop Platform (Windows)
No Yes
Desktop Platform (Mac)
No Yes
Web Platform
Yes Yes
Paper Trading
No No
Trade Journal
No Yes
Watch Lists - Total Fields
47 91
Heat Mapping
Yes Yes
AI Assistant Bot
No Yes
Platforms & Tools 2.5 4.5
Winner check_circle

Charting Features

Feature Firstrade Fidelity
Charting - Trade Off Chart
No Yes
Charting - Indicators / Studies
58 166
Charting - Drawing Tools
8 22
Charting - Historical Trades
No Yes
Charting - Corporate Events
Yes Yes
Charting - Automated Analysis
No Yes
Charting - Save Profiles
No Yes
Charting - Study Customizations
6 5
Charting - Custom Studies
No No
Platforms & Tools 2.5 4.5
Winner check_circle

Day Trading

Feature Firstrade Fidelity
Stock Alerts - Basic Fields
Yes Yes
Stock Alerts - Advanced Fields
No Yes
Streaming Time & Sales
No No
Streaming TV
No Yes
Direct Market Routing - Stocks
No Yes
Direct Market Routing - Options
No Yes
Ladder Trading
No No
Trade Hot Keys
No Yes
Level 2 Quotes - Stocks
No Yes
Level 2 Quotes - Options
No Yes
Trade Ideas - Backtesting
No No
Short Locator
No Yes
Order Liquidity Rebates
No No
Winner check_circle

Mobile Trading Apps

Feature Firstrade Fidelity
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
No Yes
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes Yes
Trading - Conditional Orders
No No
Trading - Mutual Funds
No 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 Firstrade Fidelity
Watch List Syncing
Yes Yes
Stock Alerts
No Yes
Charting - After Hours
No Yes
Charting - Drawing
No No
Charting - Study Customizations
Yes Yes
Heatmapping
No Yes
Stream Live TV
No Yes
Barcode Lookup
No No
Mobile Trading 3.5 5
Winner check_circle

Research Overview

Feature Firstrade Fidelity
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
No Yes
Screener - Bonds
Yes Yes
Misc - Portfolio Builder
No Yes
Misc - Portfolio Allocation
Yes Yes
Research 4 5
Winner check_circle

Stock Research

Feature Firstrade Fidelity
Stock Research - Reports
1 16
Stock Research - Earnings
Yes Yes
Stock Research - Insiders
Yes Yes
Stock Research - Metric Comp
Yes Yes
Stock Research - SEC Filings
Yes Yes
Stock Research - Social
No Yes
Stock Research - Balance Sheet
Yes Yes
Stock Research - Cash Flows
Yes Yes
Stock Research - News
Yes Yes
Stock Research - ESG
No Yes
Research 4 5
Winner check_circle

ETF Research

Feature Firstrade Fidelity
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 4 5
Winner check_circle

Mutual Fund Research

Feature Firstrade Fidelity
Mutual Funds - Strategy Overview
Yes Yes
Mutual Funds - Prospectus
Yes Yes
Mutual Funds - Reports
No No
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 4 5
Winner check_circle

Options Trading

Feature Firstrade Fidelity
Option Chains - Streaming
No Yes
Option Chains - Total Columns
8 26
Option Chains - Greeks
5 5
Option Chains - Quick Analysis
No Yes
Option Analysis - P&L Charts
No Yes
Option Probability Analysis
No Yes
Option Probability Analysis Adv
No Yes
Option Positions - Greeks
No Yes
Option Positions - Adv Analysis
No Yes
Option Positions - Rolling
Yes Yes
Option Positions - Grouping
No Yes
Platforms & Tools 2.5 4.5
Winner check_circle

Beginners

Feature Firstrade Fidelity
Has Education - Stocks
Yes Yes
Has Education - ETFs
No Yes
Has Education - Options
Yes Yes
Has Education - Mutual Funds
No Yes
Has Education - Fixed Income
No Yes
Has Education - Retirement
Yes Yes
Paper Trading
No No
Videos
Yes Yes
Webinars (Monthly Avg)
6 8
Webinars (Archived)
Yes Yes
Live Seminars
No Yes
Progress Tracking
No Yes
Interactive Learning - Quizzes
No Yes
Investor Magazine
No Yes
Education 3 5
Winner check_circle

Banking

Feature Firstrade Fidelity
Retail Locations
1 197
Member FDIC
No No
Checking Accounts
Yes Yes
Savings Accounts
No Yes
Credit Cards
No Yes
Debit Cards
Yes Yes
Mortgage Loans
No No
No Fee Banking
No Yes
Banking 2 4
Winner check_circle

Overall

Feature Firstrade Fidelity
Firstrade Review Fidelity Review
Overall 4 5
Winner check_circle

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 Fidelity vs Firstrade.

To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. Fidelity and Firstrade charge the same amount for regular stock trades, $0. Looking at options, the base fees charged are the same for both brokers, $0. Each option contract then costs $0.65 at Fidelity and $0 at Firstrade. 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 alongside Firstrade offer clients Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, Firstrade offers its clients access to 14939 different mutual funds while Fidelity has 11246 available funds, a difference of 3,693.

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, Fidelity and Firstrade 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 and Debit Cards at Firstrade while customers at Fidelity can have Checking Accounts, Savings Accounts, Debit Cards and Credit Cards.

Overall, between Fidelity and Firstrade, Fidelity is the winner.

Fidelity Review
Firstrade Review



All pricing data was obtained from a published web site as of 01/20/2020 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.

1$0.00 commission applies to online U.S. equity trades, exchange-traded funds (ETFs), and options (+ $0.65 per contract fee) in a Fidelity retail account only for Fidelity Brokerage Services LLC retail clients. Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). There is an Options Regulatory Fee (from $0.03 to $0.05 per contract), which applies to both option buy and sell transactions. The fee is subject to change. Other exclusions and conditions may apply. See Fidelity.com/commissions for details. Employee equity compensation transactions and accounts managed by advisors or intermediaries through Fidelity Clearing & Custody SolutionsĀ® are subject to different commission schedules.

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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