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Fidelity vs Interactive Brokers 2020

Is Fidelity better than Interactive Brokers? After testing 15 of the best online brokers over five months, Fidelity (95%) is better than Interactive Brokers (90.58%). Fidelity is a value-driven online broker offering $0 stock trades, industry-leading research, excellent trading tools, an easy-to-use mobile app, and comprehensive retirement services. Serving over 30 million customers, Fidelity is a winner for everyday investors.

Trade Commission-Free No commissions to trade online U.S. stocks, ETFs, and options.1 Open Account
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Overall Rating

Trading Fees

Feature Fidelity Interactive Brokers
Minimum Deposit $0.00 $0.00
Stock Trade Fee (per trade) $0.00 N/A
ETF Trade Fee $0.00 $0.01
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
Commissions & Fees 4.5 5
Winner check_circle

Margin Rates

Feature Fidelity Interactive Brokers
Under $24,999.99 9.33% 3.08%
$25,000.00 to $49,999.99 8.83% 3.08%
$50,000.00 to $99,999.99 7.88% 3.08%
$100,000.00 to $249,999.99 7.83% 2.58%
$250,000.00 to $499,999.99 7.58% 3.18%
$500,000.00 to $999,999.99 5.25% 2.75%
Above $1,000,000.00 5.00% 2.08%
Commissions & Fees 4.5 5
Winner check_circle

Account Fees

Feature Fidelity Interactive Brokers
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $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
Commissions & Fees 4.5 5

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
Commission-Free ETFs all 96
Mutual Funds (No Load)
3957 8655
Mutual Funds (Total)
11246 18210
Bonds (US Treasury)
Yes Yes
Bonds (Corporate)
Yes Yes
Bonds (Municipal)
Yes Yes
Interest Sharing
Yes Yes
Advisor Services
Yes No
International Trading
Yes Yes
Offering of Investments 4.5 4.5
Winner check_circle

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
Offering of Investments 4.5 4.5
Winner check_circle

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
Watch Lists - Total Fields
91 494
Heat Mapping
Yes Yes
AI Assistant Bot
Yes Yes
Platforms & Tools 4.5 4.5
Winner check_circle

Charting Features

Feature Fidelity Interactive Brokers
Charting - Trade Off Chart
Yes Yes
Charting - Indicators / Studies
166 121
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
Charting - Study Customizations
5 6
Charting - Custom Studies
No No
Platforms & Tools 4.5 4.5
Winner check_circle

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
No Yes
Short Locator
Yes Yes
Order Liquidity Rebates
No Yes
Winner check_circle

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
Winner check_circle

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
Mobile Trading 5 4.5
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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 No
Screener - Options
Yes Yes
Screener - Bonds
Yes Yes
Misc - Portfolio Builder
Yes Yes
Misc - Portfolio Allocation
Yes Yes
Research 5 4
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Stock Research

Feature Fidelity Interactive Brokers
Stock Research - Reports
16 2
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
Research 5 4
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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 No
ETFs - Reports
Yes Yes
Research 5 4
Winner check_circle

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 No
Mutual Funds - Sector Allocation
Yes Yes
Mutual Funds - Country Allocation
Yes Yes
Mutual Funds - StyleMap
Yes Yes
Mutual Funds - 3rd Party Ratings
Yes Yes
Research 5 4
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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
Platforms & Tools 4.5 4.5
Winner check_circle

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)
8 20
Webinars (Archived)
Yes Yes
Live Seminars
Yes No
Progress Tracking
Yes Yes
Interactive Learning - Quizzes
Yes Yes
Investor Magazine
Yes Yes
Education 5 4
Winner check_circle

Banking

Feature Fidelity Interactive Brokers
Retail Locations
197 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
Banking 4 2
Winner check_circle

Overall

Feature Fidelity Interactive Brokers
Fidelity Review Interactive Brokers Review
Overall 5 4.5
Winner check_circle

Using data from our latest annual broker review which tested more than a dozen different online brokers over six months, we can compare Fidelity vs Interactive Brokers to determine which broker is best. Let's dive in.

First, we will break down the commission charges of both brokers for placing stock and options trades. Fidelity and Interactive Brokers both cost $0 per trade. For options trading, both Fidelity and Interactive Brokers charge the same base fee of $0. Option contracts cost $0.65 each at both brokerages. Instead of flat rate fees, several brokers charge a per-share fee instead. For a complete review of trading charges, read our full online broker reviews.

Next, investors want to make sure they can trade the investment vehicle they want. Interactive Brokers provides its clients with Stock Trading, Options Trading, Mutual Funds and Futures Trading while Fidelity provides clients access to Stock Trading, Options Trading and Mutual Funds. As far as mutual funds go, Interactive Brokers offers its clients access to 18210 different mutual funds while Fidelity has 11246 available funds, a difference of 6,964.

Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Interactive Brokers offers virtual trading while Fidelity does not. For mobile trading, Fidelity and Interactive Brokers both have a iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Checking Accounts and Debit Cards are offered by Interactive Brokers while Fidelity offers Checking Accounts, Savings Accounts, Debit Cards and Credit Cards.

Overall, between Fidelity and Interactive Brokers, Fidelity is the winner.

Fidelity Review
Interactive Brokers Review



All pricing data was obtained from a published web site as of 01/20/2020 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 SolutionsĀ® 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.

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