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 Interactive Brokers. Is Fidelity Investments or Interactive Brokers 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 $4.95 per stock trade which is $4.95 more than Interactive Brokers which charges customers $0 (the broker charges a per share rate instead) per trade. For options trading, Fidelity Investments has a base fee of $4.95, and Interactive Brokers a base fee of $0. Fidelity Investments's per contract rate of $0.65 is less than Interactive Brokers which charges $0.70. 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. Interactive Brokers supports Stock Trading, Options Trading, Mutual Funds and Futures Trading while Fidelity Investments supports Stock Trading, Options Trading and Mutual Funds. When it comes to mutual funds, Fidelity Investments boasts an offering of 11782 mutual funds compared to Interactive Brokers's 11000 available funds.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. Interactive Brokers offers virtual trading while Fidelity Investments does not. For mobile trading, Fidelity Investments and Interactive Brokers both have a iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Clients can have Checking Accounts and Debit Cards at Interactive Brokers while customers at Fidelity Investments can have Checking Accounts, Savings Accounts, Debit Cards and Credit Cards.
Overall, between Fidelity Investments and Interactive Brokers, Fidelity Investments is the winner
Fidelity Investments Review
Interactive Brokers Review