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 Fidelity Investments vs Firstrade. Is Fidelity Investments or Firstrade a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. Fidelity Investments charges more than Firstrade for placing regular stock trades ($4.95 and $0, respectively). With options, the base fees charged are $4.95 (Fidelity Investments) and $0 (Firstrade). Option contracts are pricier at Fidelity Investments, costing $0.65 versus $0 at Firstrade. 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 Investments alongside Firstrade offer clients Stock Trading, Options Trading and Mutual Funds. When it comes to mutual funds, Fidelity Investments trails Firstrade by 98 total mutual funds, with Firstrade offering 12603 and Fidelity Investments offering 12505. Commission free ETFs can also be a nice plus, Firstrade offers 2200 commission free ETFs versus Fidelity Investments's total of 265.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. Fidelity Investments has virtual trading, Firstrade doesn't. For mobile trading, Fidelity Investments along with Firstrade 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 and Debit Cards are offered by Firstrade while Fidelity Investments offers Checking Accounts, Savings Accounts, Debit Cards and Credit Cards. On the whole, when it comes to tools, research, and mobile trading, Fidelity Investments was rated Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading, while Firstrade was rated none of these.
Overall, Fidelity Investments takes the upper hand with 5.00 stars over Firstrade's 4.00 stars.