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, with its regular stock trades costing $4.95, is more expensive than Firstrade's rate of $2.95 per trade. For options trading, Fidelity Investments has a base fee of $4.95, and Firstrade a base fee of $2.95. Firstrade's per contract rate of $0.50 is less than Fidelity Investments which charges $0.65. 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 and Firstrade provide clients with Stock Trading, Options Trading and Mutual Funds. When it comes to mutual funds, Firstrade boasts an offering of 12603 mutual funds compared to Fidelity Investments's 12505 available funds. Commission free ETFs can also be a nice plus, with Fidelity Investments having the upper hand thanks to its 91 available commission free ETFs compared to Firstrade's offering of 12.
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, Both Fidelity Investments and Firstrade offer clients access to an 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 finished with awards Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading, while Firstrade came up with none of these.
Overall, Fidelity Investments comes out on top with 4.50 stars over Firstrade's 3.50 stars.