Fidelity vs Interactive Brokers Comparison
Comparing brokers side by side is no easy task. We spend hundreds of hours each year testing the platforms, mobile apps, trading tools and general ease of use among online brokerages, as well as comparing commissions and fees, to find the best online broker.
Though many U.S. brokers offer basic trading features, such as an app, charting tools, stock research and educational content, the depth of those features can vary widely. Let's compare Fidelity vs Interactive Brokers.
Is Fidelity or Interactive Brokers better for beginners?
In stock trading, the more you know, the better you’ll do. Taking advantage of resources like articles, webinars, videos and interactive elements is a great way to shorten the learning curve. In our analysis, we examine the availability of several different types of educational materials.
For 2023, our review finds that Fidelity offers more comprehensive new investor education for beginning investors than Interactive Brokers. Fidelity offers investors access to Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement), while Interactive Brokers offers investors access to Paper Trading, Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Bonds) and Education (Retirement).
What about Fidelity vs Interactive Brokers pricing?
Fidelity and Interactive Brokers charge the same amount for regular stock trades, $0.00. Fidelity and Interactive Brokers both charge $0.65 per option contract. For futures, Interactive Brokers charges $0.85 per contract and Fidelity charges (Not offered) per contract. For a deeper dive, see our best brokers for free stock trading guide.
Does Fidelity or Interactive Brokers offer a wider range of investment options?
Looking at a full range of investment options, including order types and international trading, our research has found that Interactive Brokers offers a more comprehensive offering than Fidelity. Fidelity ranks #6 out of 17 brokers for our Investment Options category, while Interactive Brokers ranks #1.
Fidelity offers investors access to Stock Trading, Fractional Shares, Options Trading, OTC Stocks, Mutual Funds and Advisor Services, while Interactive Brokers offers investors access to Stock Trading, Fractional Shares, Options Trading, OTC Stocks, Mutual Funds and Futures Trading. Neither have Forex Trading Looking at Mutual Funds, Fidelity trails Interactive Brokers in its offering of no transaction fee (NTF) mutual funds, with Interactive Brokers offering 4329 and Fidelity offering 3401.
Do Fidelity and Interactive Brokers offer cryptocurrency?
In our analysis of top U.S. brokerages, we research whether each broker offers the ability to trade cash cryptocurrency, such as bitcoin and ethereum. Though crypto has risen steadily in popularity, availability still varies from broker to broker. Our review finds that neither Fidelity and Interactive Brokers offer crypto trading.
Which trading platform is better: Fidelity or Interactive Brokers?
To compare the day trading platforms of Fidelity and Interactive Brokers, we focused on trading tools and functionality across both web and desktop-based platforms. Popular day trading platform tools include streaming real-time quotes, stock alerts, trading hotkeys, direct market routing, streaming time and sales, customizable watch lists, backtesting, and fully functional charting packages, among many others. For day trading, Interactive Brokers offers a better experience.
Does Fidelity or Interactive Brokers offer a better stock trading app?
After testing 25 features across the stock trading apps of Fidelity and Interactive Brokers, we found Interactive Brokers to be better overall. The best stock market apps are easy to use, have excellent design, and deliver a fully featured online trading experience. Fidelity ranks #4 out of 17 brokers, while Interactive Brokers ranks #2.
Fidelity Trading App Gallery
Interactive Brokers Trading App Gallery
Which broker is better for researching stocks?
For research, Interactive Brokers offers superior market research than Fidelity. Fidelity ranks #6 and Interactive Brokers ranks #3.
Over the years, we've found that the best brokers provide rich market commentary, a variety of third-party research reports, and thorough quote screens that are not just easy to navigate, but that also include a comprehensive selection of fundamental data. Robust stock, ETFs, and mutual fund screeners are also must-haves for trade idea generation.
How do Fidelity and Interactive Brokers compare in terms of minimum deposit required?
Fidelity requires a minimum deposit of $0.00, while Interactive Brokers requires a minimum deposit of $0.00. From our testing, we found that SoFi is the only broker that requires a minimum deposit.
Which broker offers better margin rates for accounts under $25,000?
Fidelity charges 13.58% for accounts under $25,000 while Interactive Brokers charges a margin rate of 7.83%. The industry average of the 17 brokers we track is 11%.
Does Fidelity offer fractional shares? Does Interactive Brokers?
Fidelity and Interactive Brokers allow traders to trade fractional shares. Our research has found that 41% of brokers offer fractional shares investing. Fractional shares allow traders to buy a part of a whole share of stock. For example, if Amazon is trading at $1,000, you could buy half a share for $500.
Can you trade penny stocks with Fidelity or Interactive Brokers?
Both Fidelity and Interactive Brokers allow you to trade penny stocks. Fidelity charges $0.00 per trade while Interactive Brokers charges $0.00. Penny stocks are companies whose shares trade for under $5 and are listed over the counter (OTC). For brokers that do offer penny stock trades, the average commission is $3.
Does either broker offer banking?
Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Debit Cards and Credit Cards are offered by Fidelity while Interactive Brokers offers Debit Cards. Neither have Checking Accounts, Savings Accounts and Mortgage Loans.
Which broker offers stronger customer service?
StockBrokers.com partners with customer experience research group Confero to conduct phone tests from locations across the United States to thoroughly evaluate the quality and speed of brokerage customer service. (Read more about How We Test.) Here are the results of our current testing.
Fidelity was rated 3rd out of 14 brokers, with an overall score of 8.6 out of 10.
Interactive Brokers was rated 8th out of 14 brokers, with an overall score of 7.7 out of 10.
Is Fidelity good?
Our top pick overall for 2023, Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools and an easy-to-use mobile app.
In the 2023 StockBrokers.com Annual Review, Fidelity was rated No. 1 Overall Broker and No. 1 for Commissions & Fees, Education, IRA Accounts and Penny Stocks. It also ranked among Best in Class for Platforms & Tools, Mobile Trading Apps, Ease of Use, Active Trading, Beginners, Customers Service, and Penny Stocks. Fidelity also won four StockBrokers.com Industry Awards: No. 1 for Fractional Shares, Innovation, New Tool and Order Execution.
Is Interactive Brokers good?
Interactive Brokers is a go-to choice for professionals because of its institutional-grade desktop trading platform, high-quality trade executions and rock-bottom margin rates.
In the 2023 StockBrokers.com Annual Review, Interactive Brokers was rated No. 1 for Investment Options, Active Trading and Futures Trading. It also ranked among Best in Class for Commissions & Fees, Research, Platforms & Tools, Mobile Trading Apps, Investment Options, and Options Trading. Interactive Brokers also won five StockBrokers.com Industry Awards: No. 1 for ESG Investing, International Trading, Platform Technology, Professional Trading, and Sentiment Investing.
Fidelity vs Interactive Brokers Winner
Overall winner: Fidelity
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