Interactive Brokers vs Fidelity Investments Review
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 Interactive Brokers? Based on over 4,000 data points from our 2019 annual broker review, Fidelity Investments (86.62%) is better than Interactive Brokers (80.99%). 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.
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
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.