Is Fidelity better than Interactive Brokers? After testing 11 of the best online brokers over three months, Fidelity (99.36%) is better than Interactive Brokers (95.07%). 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 32 million customers, Fidelity is a winner for everyday investors.
StockBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure
Fidelity vs Interactive Brokers 2021
|
|
|
|
SPECIAL OFFER
No commissions to trade online U.S. stocks, ETFs, and options.1
|
EXCLUSIVE OFFER
New clients that open an account today receive a special margin rate.
|
|
| Open Account > | Open Account > |
Overall Rating
| Feature | Fidelity | Interactive Brokers |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Ease of Use | ||
| Fidelity Review | Interactive Brokers Review | |
| Winner | check_circle |
Trading Fees
| Feature | Fidelity | Interactive Brokers |
| 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 | $0.65 | $0.65 |
| Mutual Fund Trade Fee | $49.95 | $14.95 |
| Broker Assisted Trades Fee | $32.95 | $30.00 |
Margin Rates
| Feature | Fidelity | Interactive Brokers |
| Under $24,999.99 | 8.33% | 1.59% |
| $25,000.00 to $49,999.99 | 7.83% | 1.59% |
| $50,000.00 to $99,999.99 | 6.88% | 1.59% |
| $100,000.00 to $249,999.99 | 6.83% | 1.29% |
| $250,000.00 to $499,999.99 | 6.58% | 1.19% |
| $500,000.00 to $999,999.99 | 4.25% | 1.14% |
| Above $1,000,000.00 | 4.00% | 0.75% |
Account Fees
| Feature | Fidelity | Interactive Brokers |
| IRA Annual Fee | $0.00 | $0.00 |
| IRA Closure Fee | $0.00 | $0.00 |
| Account Transfer Out (Partial) | $0.00 | $0.00 |
| Account Transfer Out (Full) | $0.00 | $0.00 |
| Returned ACH Fee | $0.00 | N/A |
| Returned Wire Fee | $0.00 | N/A |
| Stock Certificate Processing Fee | $0.00 | N/A |
| Stock Certificate Delivery Fee | $100.00 | N/A |
| Paper Statement Fee | $0.00 | N/A |
| Paper Confirmation Fee | $0.00 | N/A |
| Domestic Wire Fee | $0.00 | $10.00 |
| International Wire Fee | $0.00 | $10.00 |
Investment Options
| Feature | Fidelity | Interactive Brokers |
|
Stock Trading |
Yes | Yes |
|
Fractional Shares |
Yes | Yes |
|
OTCBB / Pink Sheets |
Yes | Yes |
|
Options Trading |
Yes | Yes |
|
Complex Options Max Legs |
4 | 8 |
|
Futures Trading |
No | Yes |
|
Forex Trading |
No | No |
| Crypto Trading | No | No |
|
Mutual Funds (No Load) |
3786 | 8734 |
|
Mutual Funds (Total) |
9842 | 11080 |
|
Bonds (US Treasury) |
Yes | Yes |
|
Bonds (Corporate) |
Yes | Yes |
|
Bonds (Municipal) |
Yes | Yes |
|
Advisor Services |
Yes | No |
|
International Trading |
Yes | Yes |
|
AI Assistant Bot |
Yes | Yes |
Order Types
| Feature | Fidelity | Interactive Brokers |
|
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 | Yes |
Trading Platforms
| Feature | Fidelity | Interactive Brokers |
|
Desktop Platform (Windows) |
Yes | Yes |
|
Desktop Platform (Mac) |
Yes | Yes |
|
Web Platform |
Yes | Yes |
|
Paper Trading |
No | Yes |
|
Trade Journal |
Yes | Yes |
|
Heat Mapping |
Yes | Yes |
|
Watch Lists - Total Fields |
91 | 494 |
Charting Features
| Feature | Fidelity | Interactive Brokers |
|
Charting - Trade Off Chart |
Yes | Yes |
|
Charting - Indicators / Studies |
129 | 121 |
|
Charting - Drawing Tools |
22 | 9 |
|
Charting - Historical Trades |
Yes | Yes |
|
Charting - Corporate Events |
Yes | Yes |
|
Charting - Automated Analysis |
Yes | No |
|
Charting - Save Profiles |
Yes | Yes |
|
Trade Ideas - Technical Analysis |
Yes | No |
|
Charting - Study Customizations |
5 | 6 |
|
Charting - Custom Studies |
No | No |
Day Trading
| Feature | Fidelity | Interactive Brokers |
|
Stock Alerts - Basic Fields |
Yes | Yes |
|
Stock Alerts - Advanced Fields |
Yes | No |
|
Streaming Time & Sales |
No | Yes |
|
Streaming TV |
Yes | Yes |
|
Direct Market Routing - Stocks |
Yes | Yes |
|
Direct Market Routing - Options |
Yes | Yes |
|
Ladder Trading |
No | Yes |
|
Trade Hot Keys |
Yes | Yes |
|
Level 2 Quotes - Stocks |
Yes | Yes |
|
Level 2 Quotes - Options |
Yes | Yes |
|
Trade Ideas - Backtesting |
Yes | Yes |
|
Short Locator |
Yes | Yes |
|
Order Liquidity Rebates |
No | Yes |
Mobile Trading Apps
| Feature | Fidelity | Interactive Brokers |
|
iPhone App |
Yes | Yes |
|
Android App |
Yes | Yes |
|
Apple Watch App |
Yes | Yes |
|
Trading - Stocks |
Yes | Yes |
|
Trading - After-Hours |
Yes | Yes |
|
Trading - Conditional Orders |
No | Yes |
|
Trading - Mutual Funds |
Yes | Yes |
|
Trading - Simple Options |
Yes | Yes |
|
Trading - Complex Options |
Yes | Yes |
|
Trading - Option Rolling |
No | No |
|
Touch / Face ID |
Yes | Yes |
Mobile App Features
| Feature | Fidelity | Interactive Brokers |
|
Watch List Syncing |
Yes | Yes |
|
Stock Alerts |
Yes | Yes |
|
Charting - After Hours |
Yes | Yes |
|
Charting - Drawing |
No | No |
|
Charting - Study Customizations |
Yes | Yes |
|
Heatmapping |
Yes | No |
|
Stream Live TV |
Yes | Yes |
|
Barcode Lookup |
No | No |
Research Overview
| Feature | Fidelity | Interactive Brokers |
|
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 |
Yes | Yes |
|
Screener - Bonds |
Yes | Yes |
|
Misc - Portfolio Builder |
Yes | Yes |
|
Misc - Portfolio Allocation |
Yes | Yes |
Stock Research
| Feature | Fidelity | Interactive Brokers |
|
Stock Research - Reports |
11 | 3 |
|
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 | Yes |
|
Stock Research - Balance Sheet |
Yes | Yes |
|
Stock Research - Cash Flows |
Yes | Yes |
|
Stock Research - News |
Yes | Yes |
|
Stock Research - ESG |
Yes | Yes |
ETF Research
| Feature | Fidelity | Interactive Brokers |
|
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 |
Mutual Fund Research
| Feature | Fidelity | Interactive Brokers |
|
Mutual Funds - Strategy Overview |
Yes | Yes |
|
Mutual Funds - Prospectus |
Yes | Yes |
|
Mutual Funds - Reports |
No | Yes |
|
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 |
Options Trading
| Feature | Fidelity | Interactive Brokers |
|
Option Chains - Streaming |
Yes | Yes |
|
Option Chains - Total Columns |
26 | 37 |
|
Option Chains - Greeks |
5 | 4 |
|
Option Chains - Quick Analysis |
Yes | Yes |
|
Option Analysis - P&L Charts |
Yes | Yes |
|
Option Probability Analysis |
Yes | Yes |
|
Option Probability Analysis Adv |
Yes | Yes |
|
Option Positions - Greeks |
Yes | Yes |
|
Option Positions - Adv Analysis |
Yes | Yes |
|
Option Positions - Rolling |
Yes | Yes |
|
Option Positions - Grouping |
Yes | Yes |
Beginners
| Feature | Fidelity | Interactive Brokers |
|
Education (Stocks) |
Yes | Yes |
|
Education (ETFs) |
Yes | Yes |
|
Education (Options) |
Yes | Yes |
|
Education (Mutual Funds) |
Yes | No |
|
Education (Fixed Income) |
Yes | Yes |
|
Education (Retirement) |
Yes | No |
|
Paper Trading |
No | Yes |
|
Videos |
Yes | Yes |
|
Webinars (Monthly Avg) |
15 | 20 |
|
Webinars (Archived) |
Yes | Yes |
|
Live Seminars |
Yes | No |
|
Progress Tracking |
Yes | Yes |
|
Interactive Learning - Quizzes |
Yes | Yes |
Banking
| Feature | Fidelity | Interactive Brokers |
|
Retail Locations |
200 | 0 |
|
Member FDIC |
No | Yes |
|
Checking Accounts |
Yes | Yes |
|
Savings Accounts |
Yes | No |
|
Credit Cards |
Yes | No |
|
Debit Cards |
Yes | Yes |
|
Mortgage Loans |
No | No |
|
No Fee Banking |
Yes | Yes |
Overall
| Feature | Fidelity | Interactive Brokers |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Ease of Use | ||
| Fidelity Review | Interactive Brokers Review | |
| Winner | check_circle |
Comparing brokers side by side is no easy task. For our 2021 annual broker review, we spent hundreds of hours assessing 11 brokerages to find the best online broker. Let's compare Fidelity vs Interactive Brokers.
Is Fidelity or Interactive Brokers better for beginners?
Fidelity is better for beginner investors than Interactive Brokers. Fidelity offers investors access to Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Fixed Income) and Education (Retirement).
What about Fidelity vs Interactive Brokers pricing?
Fidelity and Interactive Brokers charge the same amount for regular stock trades, $0. With options, the base fee is $0 for both Fidelity and Interactive Brokers. Option contracts at both of the brokerages are the same at $0.65 each. For a complete commissions summary, see our best discount brokers guide.
Does Fidelity or Interactive Brokers offer a wider range of investment options?
Interactive Brokers offers a more diverse selection of investment options than Fidelity. Interactive Brokers offers investors access to Stock Trading, Fractional Shares, OTCBB / Pink Sheets, Options Trading, Mutual Funds, Futures Trading and International Trading. Looking at Mutual Funds, Interactive Brokers offers its clients access to 11080 different mutual funds while Fidelity has 9842 available funds, a difference of 1,238.
Which trading platform is better: Fidelity or Interactive Brokers?
To compare the trading platforms of both Fidelity and Interactive Brokers, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Interactive Brokers 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 and Debit Cards are offered by Interactive Brokers while Fidelity offers Checking Accounts, Savings Accounts, Debit Cards and Credit Cards.
Overall winner: Fidelity
Read Next: Best Online Brokers 2021
Related Comparisons
- Fidelity vs. Charles Schwab
- Fidelity vs. E*TRADE
- Interactive Brokers vs. E*TRADE
- Fidelity vs. TD Ameritrade
- Interactive Brokers vs. TD Ameritrade
- Interactive Brokers vs. TradeStation
All pricing data was obtained from a published web site as of 01/19/2021 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 Solutions® 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.
