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Fidelity vs Robinhood 2019

Is Fidelity better than Robinhood? After scoring brokers on over 4,000 data points for our 2019 review, Fidelity (86.62%) is better than Robinhood (46.99%).

fideltiy

Best for Investors
Fidelity Investments charges $0 per trade and received 4.5 stars in our 2019 Review, including being awarded Best in Class for 12 different categories. It is our top recommendation for discount trading. The broker also took home the #1 awards for Research and Order Execution. Finally, Fidelity's mobile app was rated Best Mobile App for Investors. Read full review.

Robinhood

Great Mobile App
Robinhood makes trading simple for beginners by offering an easy-to-use mobile app and $0 stock, options, ETF, and cryptocurrency trades. However, Robinhood makes money by accepting payment for order flow. Furthermore, few trading tools are offered, and there is no phone support. Read full review.

Overall Rating

Feature Fidelity Robinhood
Overall 4.5 2.5
Fidelity Review Robinhood Review

Trading Fees

Feature Fidelity Robinhood
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 $0.00
Mutual Fund Trade Fee $49.95 N/A
Broker Assisted Trades Fee $32.95 $0.00
Commissions & Fees 4.5 4.5
Winner check_circle

Margin Rates

Feature Fidelity Robinhood
Under $24,999.99 9.58% 5.00%
$25,000.00 to $49,999.99 9.08% 5.00%
$50,000.00 to $99,999.99 8.13% 5.00%
$100,000.00 to $249,999.99 8.08% 5.00%
$250,000.00 to $499,999.99 7.83% 5.00%
$500,000.00 to $999,999.99 5.50% 5.00%
Above $1,000,000.00 5.25% 5.00%
Commissions & Fees 4.5 4.5
Winner check_circle

Account Fees

Feature Fidelity Robinhood
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $0.00
Returned ACH Fee $0.00 $9.00
Returned Wire Fee $0.00 $9.00
Stock Certificate Processing Fee $0.00 N/A
Stock Certificate Delivery Fee $100.00 N/A
Paper Statement Fee $0.00 $5.00
Paper Confirmation Fee $0.00 $2.00
Domestic Wire Fee $0.00 $25.00
International Wire Fee $0.00 $50.00
Commissions & Fees 4.5 4.5

Investment Options

Feature Fidelity Robinhood
Stock Trading
Yes Yes
OTCBB / Pink Sheets
Yes No
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
No No
Forex Trading
No No
Commission-Free ETFs all all
Mutual Funds (No Load)
4031 0
Mutual Funds (Total)
11782 0
Bonds (US Treasury)
Yes No
Bonds (Corporate)
Yes No
Bonds (Municipal)
Yes No
Advisor Services
Yes No
International Trading
Yes No
Offering of Investments 4.5 2
Winner check_circle

Order Types

Feature Fidelity Robinhood
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 No
Order Type - MultiContingent
Yes No
Order Type - OCO
Yes No
Order Type - OTO
Yes No
Order Type - OTOCO
Yes No
Offering of Investments 4.5 2
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Trading Platforms

Feature Fidelity Robinhood
Desktop Platform (Windows)
Yes No
Desktop Platform (Mac)
Yes No
Web Platform
Yes Yes
Paper Trading
No No
Trade Journal
Yes No
Watch Lists - Total Fields
91 7
Heat Mapping
Yes No
Platforms & Tools 4.5 1
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Charting Features

Feature Fidelity Robinhood
Charting - Trade Off Chart
Yes No
Charting - Indicators / Studies
166 5
Charting - Drawing Tools
22 0
Charting - Historical Trades
Yes No
Charting - Corporate Events
Yes No
Charting - Automated Analysis
Yes No
Charting - Save Profiles
Yes No
Charting - Study Customizations
5 2
Charting - Custom Studies
No No
Platforms & Tools 4.5 1
Winner check_circle

Day Trading

Feature Fidelity Robinhood
Stock Alerts - Basic Fields
Yes No
Stock Alerts - Advanced Fields
Yes No
Streaming Time & Sales
No No
Streaming TV
Yes No
Direct Market Routing - Stocks
Yes No
Direct Market Routing - Options
Yes No
Ladder Trading
No No
Trade Hot Keys
Yes No
Level 2 Quotes - Stocks
Yes No
Level 2 Quotes - Options
Yes No
Trade Ideas - Backtesting
No No
Short Locator
Yes No
Order Liquidity Rebates
No No
Winner check_circle

Mobile Trading Apps

Feature Fidelity Robinhood
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 No
Trading - Mutual Funds
Yes No
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 Robinhood
Watch List Syncing
Yes Yes
Stock Alerts
Yes Yes
Charting - After Hours
Yes Yes
Charting - Drawing
No No
Charting - Study Customizations
Yes No
Heatmapping
Yes No
Stream Live TV
Yes No
Barcode Lookup
No No
Mobile Trading 4.5 3.5
Winner check_circle

Research Overview

Feature Fidelity Robinhood
Research - Stocks
Yes Yes
Research - ETFs
Yes Yes
Research - Mutual Funds
Yes No
Research - Pink Sheets / OTCBB
Yes No
Research - Fixed Income
Yes No
Screener - Stocks
Yes No
Screener - ETFs
Yes No
Screener - Mutual Funds
Yes No
Screener - Options
Yes No
Screener - Bonds
Yes No
Misc - Portfolio Builder
Yes No
Misc - Portfolio Allocation
Yes Yes
Research 5 1
Winner check_circle

Stock Research

Feature Fidelity Robinhood
Stock Research - Reports
12 0
Stock Research - Earnings
Yes Yes
Stock Research - Insiders
Yes No
Stock Research - Metric Comp
Yes No
Stock Research - SEC Filings
Yes No
Stock Research - Social
Yes No
Stock Research - Balance Sheet
Yes No
Stock Research - Cash Flows
Yes No
Stock Research - News
Yes Yes
Stock Research - ESG
Yes No
Research 5 1
Winner check_circle

ETF Research

Feature Fidelity Robinhood
ETFs - Strategy Overview
Yes Yes
ETFs - Top 10 Holdings
Yes No
ETFs - Sector Exposure
Yes No
ETFs - Risk Analysis
Yes No
ETFs - Performance Analysis
Yes Yes
ETFs - Ratings
Yes No
ETFs - Morningstar StyleMap
Yes No
ETFs - Reports
Yes No
Research 5 1
Winner check_circle

Mutual Fund Research

Feature Fidelity Robinhood
Mutual Funds - Strategy Overview
Yes No
Mutual Funds - Prospectus
Yes No
Mutual Funds - Reports
No No
Mutual Funds - Fees Breakdown
Yes No
Mutual Funds - Top 10 Holdings
Yes No
Mutual Funds - Asset Allocation
Yes No
Mutual Funds - Sector Allocation
Yes No
Mutual Funds - Country Allocation
Yes No
Mutual Funds - StyleMap
Yes No
Mutual Funds - 3rd Party Ratings
Yes No
Research 5 1
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Options Trading

Feature Fidelity Robinhood
Option Chains - Streaming
Yes No
Option Chains - Total Columns
26 5
Option Chains - Greeks
5 0
Option Chains - Quick Analysis
Yes No
Option Analysis - P&L Charts
Yes No
Option Probability Analysis
Yes No
Option Probability Analysis Adv
Yes No
Option Positions - Greeks
Yes No
Option Positions - Adv Analysis
Yes No
Option Positions - Rolling
Yes No
Option Positions - Grouping
Yes No
Platforms & Tools 4.5 1
Winner check_circle

Beginners

Feature Fidelity Robinhood
Has Education - Stocks
Yes Yes
Has Education - ETFs
Yes No
Has Education - Options
Yes Yes
Has Education - Mutual Funds
Yes No
Has Education - Fixed Income
Yes No
Has Education - Retirement
Yes No
Paper Trading
No No
Videos
Yes No
Webinars (Monthly Avg)
8 0
Webinars (Archived)
Yes No
Live Seminars
Yes No
Progress Tracking
Yes No
Interactive Learning - Quizzes
Yes No
Investor Magazine
Yes No
Education 5 2
Winner check_circle

Banking

Feature Fidelity Robinhood
Retail Locations
197 0
Member FDIC
No No
Checking Accounts
Yes No
Savings Accounts
Yes No
Credit Cards
Yes No
Debit Cards
Yes No
Mortgage Loans
No No
No Fee Banking
Yes No
Banking 4 0.5
Winner check_circle

Overall

Feature Fidelity Robinhood
Fidelity Review Robinhood Review
Overall 4.5 2.5
Winner check_circle

Comparing brokers side by side is no easy task. For our annual broker review, we assess over a dozen brokers on hundreds of different variables to find the best online broker. Yielding a database of over 4,000 data points, let's compare Fidelity vs Robinhood.

To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. Fidelity and Robinhood both cost $0 per trade. For options trading, both Fidelity and Robinhood charge the same base fee of $0. Option contracts are pricier at Fidelity, costing $0.65 versus $0 at Robinhood. It's important to note that not all brokers charge a flat fee per trade. Thus, it is important to read the full commission notes for each broker, which we include with each online broker review.

Next to commission rates, being able to trade what you want is important. Robinhood provides its clients with Stock Trading and Options Trading while Fidelity provides clients access to Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, Fidelity offers its clients access to 11782 different mutual funds while Robinhood has 0 available funds, a difference of 11,782.

Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Fidelity nor Robinhood offers virtual trading. Taking a look at mobile trading, Fidelity along with Robinhood both support the iPhone App, iPad App and Android App. Not to be left out, online banking is also a nice benefit for many investors, and some brokerages provide these services to clients. Checking Accounts, Savings Accounts, Debit Cards and Credit Cards are offered by Fidelity while Robinhood offers none of these.

Overall, between Fidelity and Robinhood, Fidelity is the winner.

Fidelity Review
Robinhood 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.

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