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Fidelity Investments vs Firstrade 2019

Blain Reinkensmeyer

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 Fidelity Investments better than Firstrade? After scoring brokers on over 4,000 data points for our 2019 review, Fidelity Investments (86.62%) is better than Firstrade (67.1%). 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.

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Overall Rating

Feature Fidelity Investments Firstrade
Overall 4.5 3.5
Fidelity Investments Review Firstrade Review

Trading Fees

Feature Fidelity Investments Firstrade
Minimum Deposit $0.00 $0.00
Stock Trade Fee (per trade) $4.95 $0.00
ETF Trade Fee $4.95 $0.00
Options Base Fee $4.95 $0.00
Options Per Contract Fee $0.65 $0.00
Mutual Fund Trade Fee $49.95 $0.00
Broker Assisted Trades Fee $32.95 $19.95
Commissions & Fees 4 4
Winner check_circle

Margin Rates

Feature Fidelity Investments Firstrade
Under $24,999.99 9.58% 9.50%
$25,000.00 to $49,999.99 9.08% 9.00%
$50,000.00 to $99,999.99 8.13% 8.50%
$100,000.00 to $249,999.99 8.08% 8.00%
$250,000.00 to $499,999.99 7.83% 7.75%
$500,000.00 to $999,999.99 5.50% 6.00%
Above $1,000,000.00 5.25% 5.25%
Commissions & Fees 4 4
Winner check_circle

Account Fees

Feature Fidelity Investments Firstrade
IRA Annual Fee 0 0
IRA Closure Fee 0 0
Returned ACH Fee 0 50
Returned Wire Fee 0 50
Stock Certificate Processing Fee 0 300
Stock Certificate Delivery Fee 100 300
Paper Statement Fee 0 5
Paper Confirmation Fee 0 3
Domestic Wire Fee 0 30
International Wire Fee 0 50
Commissions & Fees 4 4

Investment Options

Feature Fidelity Investments Firstrade
Stock Trading
Yes Yes
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 2
Futures Trading
No No
Forex Trading
No No
Commission-Free ETFs 500 all
Mutual Funds (No Load)
4031 5234
Mutual Funds (Total)
11782 12603
Bonds (US Treasury)
Yes Yes
Bonds (Corporate)
Yes Yes
Bonds (Municipal)
Yes Yes
Advisor Services
Yes No
International Trading
Yes No
Offering of Investments 4.5 3.5
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Order Types

Feature Fidelity Investments Firstrade
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
Yes No
Offering of Investments 4.5 3.5
Winner check_circle

Trading Platforms

Feature Fidelity Investments Firstrade
Desktop Platform (Windows)
Yes No
Desktop Platform (Mac)
Yes No
Web Platform
Yes Yes
Paper Trading
No No
Trade Journal
Yes No
Watch Lists - Total Fields
91 13
Two-Factor Authentication Login
Yes No
Heat Mapping
Yes Yes
Platforms & Tools 4.5 2
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Charting Features

Feature Fidelity Investments Firstrade
Charting - Trade Off Chart
Yes No
Charting - Indicators / Studies
166 58
Charting - Drawing Tools
22 5
Charting - Historical Trades
Yes No
Charting - Corporate Events
Yes Yes
Charting - Automated Analysis
Yes No
Charting - Save Profiles
Yes No
Charting - Study Customizations
5 6
Charting - Custom Studies
No No
Platforms & Tools 4.5 2
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Day Trading

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

Mobile Trading Apps

Feature Fidelity Investments Firstrade
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
Yes No
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes Yes
Trading - Conditional Orders
No No
Trading - Mutual Funds
Yes No
Trading - Simple Options
Yes Yes
Trading - Complex Options
Yes No
Trading - Option Rolling
No No
Touch / Face ID
Yes Yes
Winner check_circle

Mobile App Features

Feature Fidelity Investments Firstrade
Watch List Syncing
Yes Yes
Stock Alerts - Basic Fields
Yes No
Stock Alerts - Advanced Fields
Yes No
Charting - After Hours
Yes No
Charting - Drawing
No No
Charting - Study Customizations
Yes Yes
Customizable Homescreen
Yes No
Heatmapping
Yes No
Stream Live TV
Yes No
Barcode Lookup
No No
Mobile Trading 4.5 3.5
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Research Overview

Feature Fidelity Investments Firstrade
Research - Stocks
Yes Yes
Research - ETFs
Yes Yes
Research - Mutual Funds
Yes Yes
Research - Pink Sheets / OTCBB
Yes Yes
Research - Fixed Income
Yes Yes
Research - Futures
Yes No
Research - Forex
No No
Screener - Stocks
Yes Yes
Screener - ETFs
Yes Yes
Screener - Mutual Funds
Yes Yes
Screener - Options
Yes No
Screener - Bonds
Yes Yes
Misc - Portfolio Builder
Yes No
Misc - Portfolio Allocation
Yes Yes
Research 5 4
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Stock Research

Feature Fidelity Investments Firstrade
Stock Research - Reports
12 1
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
Yes No
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
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ETF Research

Feature Fidelity Investments Firstrade
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
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Mutual Fund Research

Feature Fidelity Investments Firstrade
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 5 4
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Options Trading

Feature Fidelity Investments Firstrade
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 - Adv Analysis
Yes No
Option Positions - Rolling
Yes Yes
Option Positions - Grouping
Yes No
Platforms & Tools 4.5 2
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Beginners

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

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

Feature Fidelity Investments Firstrade
Fidelity Investments Review Firstrade Review
Overall 4.5 3.5
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 Investments 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 Investments, with its regular stock trades costing $4.95, is more expensive than Firstrade's rate of $0 per trade. Looking at trading options, Firstrade's base fee is $0 while Fidelity Investments's is $4.95. Option contracts are pricier at Fidelity Investments, costing $0.65 versus $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 Investments alongside Firstrade offer clients Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, Firstrade boasts an offering of 12603 mutual funds compared to Fidelity Investments's 11782 available funds.

Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Neither Fidelity Investments and Firstrade offer virtual trading. Taking a look at mobile trading, Both Fidelity Investments and Firstrade offer clients access to an 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. Checking Accounts and Debit Cards are offered by Firstrade while Fidelity Investments offers Checking Accounts, Savings Accounts, Debit Cards and Credit Cards.

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

Fidelity Investments Review
Firstrade 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.

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