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 Investments vs SpeedTrader.
To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. Fidelity Investments charges $4.95 per stock trade which is $0.46 more than SpeedTrader which charges customers $4.49 per trade. For options trading, SpeedTrader has a base fee of $N/A, and Fidelity Investments a base fee of $4.95. SpeedTrader's per contract rate of $0 is less than Fidelity Investments which charges $0.65. 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. SpeedTrader provides its clients with Stock Trading and Options Trading while Fidelity Investments provides clients access to Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, Fidelity Investments boasts an offering of 11782 mutual funds compared to SpeedTrader's 0 available funds.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. SpeedTrader makes virtual trading available to clients, while Fidelity Investments does not. Taking a look at mobile trading, SpeedTrader offers the iPhone App and Android App while Fidelity Investments offers 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. Clients can have Checking Accounts, Savings Accounts, Debit Cards and Credit Cards at Fidelity Investments while customers at SpeedTrader can have none of these. On the whole, when it comes to tools, research, and mobile trading, both Fidelity Investments and SpeedTrader received Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading awards.
Overall, between Fidelity Investments and SpeedTrader, Fidelity Investments is the winner
Fidelity Investments Review