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Fidelity vs TD Ameritrade 2022

StockBrokers.com

Written by StockBrokers.com

November 02, 2022

Is Fidelity better than TD Ameritrade? After testing 15 of the best online brokers over six months, Fidelity (95.57%) is better than TD Ameritrade (95.41%). 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.

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Overall RatingFidelityTD AmeritradeE*TRADE
Overall5 Stars5 Stars5 Stars
Commissions & Fees5 Stars4.5 Stars4.5 Stars
Investment Options4.5 Stars5 Stars5 Stars
Platforms & Tools4.5 Stars5 Stars4.5 Stars
Mobile Trading Apps5 Stars5 Stars5 Stars
Research5 Stars5 Stars4.5 Stars
Customer Service4.5 Stars4.5 Stars4.5 Stars
Education5 Stars5 Stars4.5 Stars
Ease Of Use4.5 Stars5 Stars5 Stars
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ReviewFidelity ReviewTD Ameritrade ReviewE*TRADE Review
Trading FeesFidelityTD AmeritradeE*TRADE
Minimum Deposit$0.00$0.00$0.00
Stock Trades$0.00$0.00$0.00
Penny Stock Fees (OTCCB)$0.00$6.95$6.95
Mutual Fund Trade Fee$49.95Varies$19.99
Options (Base Fee)$0.00$0.00$0.00
Options (Per Contract)$0.65$0.65$0.65
Futures (Per Contract)N/A$2.25$1.50
Broker Assisted Trade Fee$32.95$25$25
Margin RatesFidelityTD AmeritradeE*TRADE
Margin Rate Under $24,999.9911.33%12.50%11.95%
Margin Rate $25,000.00 to $49,999.9910.83%12.00%11.45%
Margin Rate $50,000.00 to $99,999.999.88%11.00%10.95%
Margin Rate $100,000.00 to $249,999.999.83%10.75%10.45%
Margin Rate $250,000.00 to $499,999.999.58%10.50%9.95%
Margin Rate $500,000.00 to $999,999.997.25%N/A9.45%
Margin Rate Above $1,000,000.007.00%N/A8.45%
Account FeesFidelityTD AmeritradeE*TRADE
IRA Annual Fee$0.00$0.00$0.00
IRA Closure Fee$0.00$0.00$0.00
Account Transfer Out (Partial)$0.00$0.00$25.00
Account Transfer Out (Full)$0.00$75.00$75.00
Options Exercise Fee$0.00$0.00$0.00
Options Assignment Fee$0.00$0.00$0.00
Investment OptionsFidelityTD AmeritradeE*TRADE
Stock TradingYesYesYes
Margin TradingYesYesYes
Fractional SharesYesNoNo
OTCBB / Pink SheetsYesYesYes
Options TradingYesYesYes
Complex Options Max Legs444
Futures TradingNoYesYes
Forex TradingNoYesNo
Crypto TradingNoNoNo
Crypto Trading - Total Coins000
Mutual Funds (No Load)584336986486
Mutual Funds (Total)1000058767242
Bonds (US Treasury)YesYesYes
Bonds (Corporate)YesYesYes
Bonds (Municipal)YesYesYes
Advisor ServicesYesYesYes
International Countries (Stocks)2500
Order TypesFidelityTD AmeritradeE*TRADE
Order Type - MarketYesYesYes
Order Type - LimitYesYesYes
Order Type - After HoursYesYesYes
Order Type - StopYesYesYes
Order Type - Trailing StopYesYesYes
Order Type - OCOYesYesYes
Order Type - OTOYesYesYes
Order Type - Broker AssistedYesYesYes
BeginnersFidelityTD AmeritradeE*TRADE
Education (Stocks)YesYesYes
Education (ETFs)YesYesYes
Education (Options)YesYesYes
Education (Mutual Funds)YesYesYes
Education (Bonds)YesYesYes
Education (Retirement)YesYesYes
Retirement CalculatorYesYesYes
Investor DictionaryYesYesYes
Paper TradingNoYesYes
VideosYesYesYes
WebinarsYesYesYes
Webinars (Archived)YesYesYes
Progress TrackingYesYesNo
Interactive Learning - QuizzesYesYesYes
Stock Trading AppsFidelityTD AmeritradeE*TRADE
iPhone AppYesYesYes
Android AppYesYesYes
Apple Watch AppYesYesYes
Trading - StocksYesYesYes
Trading - After-HoursYesYesYes
Trading - Simple OptionsYesYesYes
Trading - Complex OptionsYesYesYes
Order Ticket RT QuotesYesYesYes
Order Ticket SRT QuotesYesYesYes
Stock App FeaturesFidelityTD AmeritradeE*TRADE
Market Movers (Top Gainers)YesYesYes
Stream Live TVYesYesYes
Videos on DemandYesYesNo
Stock AlertsYesYesYes
Option Chains ViewableYesYesYes
Watch List (Real-time)YesYesYes
Watch List (Streaming)YesYesYes
Watch Lists - Create & ManageYesYesYes
Watch Lists - Column CustomizationYesYesYes
Watch Lists - Total Fields9251495
Stock App ChartingFidelityTD AmeritradeE*TRADE
Charting - After-HoursYesYesYes
Charting - Can Turn HorizontallyYesYesYes
Charting - Multiple Time FramesYesYesYes
Charting - Technical Studies12940010
Charting - Study CustomizationsYesYesYes
Charting - Stock ComparisonsYesYesYes
Trading PlatformsFidelityTD AmeritradeE*TRADE
Active Trading PlatformActive Trader ProthinkorswimPower E*TRADE
Desktop Trading PlatformYesYesNo
Desktop Platform (Mac)YesYesNo
Web Trading PlatformYesYesYes
Paper TradingNoYesYes
Trade JournalYesYesNo
Watch Lists - Total Fields9251495
Stock Chart FeaturesFidelityTD AmeritradeE*TRADE
Charting - Adjust Trades on ChartYesYesYes
Charting - Indicators / Studies129429119
Charting - Drawing Tools372431
Charting - NotesYesYesYes
Charting - Index OverlaysYesYesYes
Charting - Historical TradesYesYesYes
Charting - Corporate EventsYesYesYes
Charting - Custom Date RangeYesYesYes
Charting - Custom Time BarsYesYesNo
Charting - Automated AnalysisYesYesYes
Charting - Save ProfilesYesYesYes
Trade Ideas - Technical AnalysisYesYesYes
Charting - Study Customizations596
Charting - Custom StudiesNoYesNo
Day TradingFidelityTD AmeritradeE*TRADE
Streaming Time & SalesYesYesYes
Streaming TVYesYesYes
Direct Market Routing - StocksYesYesYes
Ladder TradingNoYesNo
Trade Hot KeysYesYesYes
Level 2 Quotes - StocksYesYesYes
Trade Ideas - BacktestingYesYesNo
Trade Ideas - Backtesting AdvNoYesNo
Short LocatorYesNoNo
Order Liquidity RebatesNoNoNo
Research OverviewFidelityTD AmeritradeE*TRADE
Research - StocksYesYesYes
Research - ETFsYesYesYes
Research - Mutual FundsYesYesYes
Research - Pink Sheets / OTCBBYesYesYes
Research - BondsYesYesYes
Screener - StocksYesYesYes
Screener - ETFsYesYesYes
Screener - Mutual FundsYesYesYes
Screener - BondsYesYesYes
Misc - Portfolio AllocationYesYesYes
Stock ResearchFidelityTD AmeritradeE*TRADE
Stock Research - PDF Reports1166
Stock Research - EarningsYesYesYes
Stock Research - InsidersYesYesYes
Stock Research - SocialYesYesYes
Stock Research - NewsYesYesYes
Stock Research - ESGYesNoNo
Stock Research - SEC FilingsYesYesYes
ETF ResearchFidelityTD AmeritradeE*TRADE
ETFs - Strategy OverviewYesYesYes
ETF Fund Facts - Inception DateYesYesYes
ETF Fund Facts - Expense RatioYesYesYes
ETF Fund Facts - Net AssetsYesYesYes
ETF Fund Facts - Total HoldingsYesNoYes
ETFs - Top 10 HoldingsYesYesYes
ETFs - Sector ExposureYesYesYes
ETFs - Risk AnalysisYesYesYes
ETFs - RatingsYesYesYes
ETFs - Morningstar StyleMapYesYesYes
ETFs - PDF ReportsYesYesYes
Mutual Fund ResearchFidelityTD AmeritradeE*TRADE
Mutual Funds - Strategy OverviewYesYesYes
Mutual Funds - Performance ChartYesYesNo
Mutual Funds - Performance AnalysisYesYesYes
Mutual Funds - ProspectusYesYesYes
Mutual Funds - 3rd Party RatingsYesYesYes
Mutual Funds - Fees BreakdownYesYesYes
Mutual Funds - Top 10 HoldingsYesYesYes
Mutual Funds - Asset AllocationYesYesYes
Mutual Funds - Sector AllocationYesYesYes
Mutual Funds - Country AllocationYesNoYes
Mutual Funds - StyleMapYesYesYes
Options TradingFidelityTD AmeritradeE*TRADE
Option Chains - Basic ViewYesYesYes
Option Chains - Strategy ViewYesYesYes
Option Chains - StreamingYesYesYes
Option Chains - Total Columns263531
Option Chains - Greeks555
Option Chains - Quick AnalysisYesYesYes
Option Analysis - P&L ChartsYesYesYes
Option Probability AnalysisYesYesYes
Option Probability Analysis AdvYesYesYes
Option Positions - GreeksYesYesYes
Option Positions - Greeks StreamingYesYesYes
Option Positions - Adv AnalysisYesYesYes
Option Positions - RollingYesYesYes
Option Positions - GroupingYesYesYes
BankingFidelityTD AmeritradeE*TRADE
Bank (Member FDIC)NoNoYes
Checking AccountsYesYesYes
Savings AccountsYesNoYes
Credit CardsYesYesYes
Debit CardsYesYesYes
Mortgage LoansNoNoYes
Customer ServiceFidelityTD AmeritradeE*TRADE
Phone Support (Prospect Customers)YesYesYes
Phone Support (Current Customers)YesYesYes
Email SupportYesYesYes
Live Chat (Prospect Customers)YesYesNo
Live Chat (Current Customers)YesYesYes
24/7 SupportYesYesYes
OverallFidelityTD AmeritradeE*TRADE
Overall5 Stars5 Stars5 Stars
Commissions & Fees5 Stars4.5 Stars4.5 Stars
Investment Options4.5 Stars5 Stars5 Stars
Platforms & Tools4.5 Stars5 Stars4.5 Stars
Mobile Trading Apps5 Stars5 Stars5 Stars
Research5 Stars5 Stars4.5 Stars
Education5 Stars5 Stars4.5 Stars
Ease Of Use4.5 Stars5 Stars5 Stars
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ReviewFidelity ReviewTD Ameritrade ReviewE*TRADE Review
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Fidelity vs TD Ameritrade 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 TD Ameritrade.

Is Fidelity or TD Ameritrade better for beginners?

Fidelity offers more comprehensive new investor education for beginner investors than TD Ameritrade. Fidelity offers investors access to Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement), while TD Ameritrade offers investors access to Paper Trading, Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement).

What about Fidelity vs TD Ameritrade pricing?

Fidelity and TD Ameritrade charge the same amount for regular stock trades, $0.00. Fidelity and TD Ameritrade both charge $0.65 per option contract. For a complete commissions summary, see our best brokers for free stock trading guide.

Does Fidelity or TD Ameritrade 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 TD Ameritrade offers investors access to Stock Trading, Options Trading, OTCBB / Pink Sheets, Mutual Funds, Futures Trading, Forex Trading and Advisor Services. Looking at Mutual Funds, Fidelity trails TD Ameritrade in its offering of no transaction fee (NTF) mutual funds, with TD Ameritrade offering 3610 and Fidelity offering 3401.

Which trading platform is better: Fidelity or TD Ameritrade?

To compare the trading platforms of Fidelity and TD Ameritrade, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, TD Ameritrade offers a better experience. With research, Fidelity offers superior market research. Finally, we found E*TRADE 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 TD Ameritrade offers Checking Accounts, Debit Cards and Credit 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 TD Ameritrade good?

TD Ameritrade delivers $0 trades, fantastic trading platforms, excellent market research, industry-leading education for beginners and reliable customer service. This outstanding all-around experience makes TD Ameritrade one of our top overall brokers in 2022.

Fidelity vs TD Ameritrade Winner

Overall winner: Fidelity

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1 Fidelity Sell orders are subject to an activity assessment fee from $0.01 to $0.03 per $1,000 of principal. 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.
TD Ameritrade, Inc. and StockBrokers.com are separate, unaffiliated companies and are not responsible for each other’s services and products.
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