Fidelity vs Robinhood Comparison
Comparing brokers side by side is no easy task. For our 2022 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Let's compare Fidelity vs Robinhood.
Is Fidelity or Robinhood better for beginners?
Fidelity offers more comprehensive new investor education for beginner investors than Robinhood. Fidelity offers investors access to Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement), while Robinhood offers investors access to Education (Stocks) and Education (Options), neither have Paper Trading.
What about Fidelity vs Robinhood pricing?
Fidelity and Robinhood charge the same amount for regular stock trades, $0.00. Option contracts are pricier at Fidelity, costing $0.65 per contract versus $0.00 per contract at Robinhood. For a complete commissions summary, see our best brokers for free stock trading guide.
Does Fidelity or Robinhood offer a wider range of investment options?
Fidelity offers investors access to Stock Trading, Fractional Shares, Options Trading, OTCBB / Pink Sheets, Mutual Funds and Advisor Services, while Robinhood offers investors access to Stock Trading, Fractional Shares and Options Trading, neither have Futures Trading and Forex Trading. Looking at Mutual Funds, Robinhood trails Fidelity in its offering of no transaction fee (NTF) mutual funds, with Fidelity offering 3412 and Robinhood offering 0.
Which trading platform is better: Fidelity or Robinhood?
To compare the trading platforms of Fidelity and Robinhood, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Fidelity offers a better experience. With research, Fidelity offers superior market research. Finally, we found Fidelity to provide better mobile trading apps.
Does either broker offer banking?
Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Checking Accounts, Savings Accounts, Debit Cards and Credit Cards are offered by Fidelity while Robinhood offers Debit Cards, neither have Mortgage Loans.
Is Fidelity good?
Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools, an easy-to-use mobile app, and comprehensive retirement services. Serving over 40 million customers, Fidelity is a winner for everyday investors.
Is Robinhood good?
Robinhood is very easy to use; however, now that all online brokers offer $0 stock and ETF trades, Robinhood's lack of trading tools and research leaves it a step behind the competition.
Fidelity vs Robinhood Winner
Overall winner: Fidelity
Explore our other online trading guides: