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TD Ameritrade vs Fidelity 2020

StockBrokers.com | January 16th, 2020

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  3. TD Ameritrade vs Fidelity Review

Is Fidelity better than TD Ameritrade? After scoring brokers on over 4,000 data points for our 2019 review, TD Ameritrade (86.98%) is better than Fidelity (86.62%).

TD Ameritrade

Best Overall 2020 - Open Account
Exclusive Offer: Get up to $600 and trade commission-free with TD Ameritrade.

TD Ameritrade delivers the ultimate package for investors, including $0 trades, fantastic trading platforms, excellent market research, industry-leading education for beginners, and reliable customer service. This outstanding all-round experience makes TD Ameritrade our top overall broker in 2020. Read full review

fideltiy

Best research experience
With over $2 trillion in client assets, 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. Overall, Fidelity is a winner for everyday investors. Read full review

Overall Rating

Feature TD Ameritrade Fidelity
Overall 4.5 4.5
TD Ameritrade Review Fidelity Review

Trading Fees

Feature TD Ameritrade Fidelity
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 $0.65
Mutual Fund Trade Fee $49.99 $49.95
Broker Assisted Trades Fee $44.99 $32.95
Commissions & Fees 4.5 4.5
Winner check_circle

Margin Rates

Feature TD Ameritrade Fidelity
Under $24,999.99 10.00% 9.33%
$25,000.00 to $49,999.99 9.75% 8.83%
$50,000.00 to $99,999.99 8.75% 7.88%
$100,000.00 to $249,999.99 8.50% 7.83%
$250,000.00 to $499,999.99 8.25% 7.58%
$500,000.00 to $999,999.99 N/A 5.25%
Above $1,000,000.00 N/A 5.00%
Commissions & Fees 4.5 4.5
Winner check_circle

Account Fees

Feature TD Ameritrade Fidelity
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $0.00
Returned ACH Fee $25.00 $0.00
Returned Wire Fee $25.00 $0.00
Stock Certificate Processing Fee $0.00 $0.00
Stock Certificate Delivery Fee $500.00 $100.00
Paper Statement Fee $0.00 $0.00
Paper Confirmation Fee $0.00 $0.00
Domestic Wire Fee $25.00 $0.00
International Wire Fee $25.00 $0.00
Commissions & Fees 4.5 4.5

Investment Options

Feature TD Ameritrade Fidelity
Stock Trading
 Yes Yes
Fractional Shares
 No Yes
OTCBB / Pink Sheets
 Yes Yes
Options Trading
 Yes Yes
Complex Options Max Legs
 4 4
Futures Trading
 Yes No
Forex Trading
 Yes No
Commission-Free ETFs all all
Mutual Funds (No Load)
 5992 3957
Mutual Funds (Total)
 11949 11246
Bonds (US Treasury)
 Yes Yes
Bonds (Corporate)
 Yes Yes
Bonds (Municipal)
 Yes Yes
Advisor Services
 Yes Yes
International Trading
 Yes Yes
Offering of Investments 4.5 4.5
Winner check_circle

Order Types

Feature TD Ameritrade Fidelity
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 TD Ameritrade Fidelity
Desktop Platform (Windows)
 Yes Yes
Desktop Platform (Mac)
 Yes Yes
Web Platform
 Yes Yes
Paper Trading
 Yes No
Trade Journal
 Yes Yes
Watch Lists - Total Fields
 514 91
Heat Mapping
 Yes Yes
Platforms & Tools 5 4.5
Winner check_circle

Charting Features

Feature TD Ameritrade Fidelity
Charting - Trade Off Chart
 Yes Yes
Charting - Indicators / Studies
 489 166
Charting - Drawing Tools
 22 22
Charting - Historical Trades
 Yes Yes
Charting - Corporate Events
 Yes Yes
Charting - Automated Analysis
 Yes Yes
Charting - Save Profiles
 Yes Yes
Charting - Study Customizations
 9 5
Charting - Custom Studies
 Yes No
Platforms & Tools 5 4.5
Winner check_circle

Day Trading

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

Mobile Trading Apps

Feature TD Ameritrade Fidelity
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
 Yes No
Trading - Mutual Funds
 No Yes
Trading - Simple Options
 Yes Yes
Trading - Complex Options
 Yes Yes
Trading - Option Rolling
 Yes No
Touch / Face ID
 Yes Yes
Winner check_circle

Mobile App Features

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

Research Overview

Feature TD Ameritrade Fidelity
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 Yes
Screener - Options
 Yes Yes
Screener - Bonds
 Yes Yes
Misc - Portfolio Builder
 Yes Yes
Misc - Portfolio Allocation
 Yes Yes
Research 5 5
Winner check_circle

Stock Research

Feature TD Ameritrade Fidelity
Stock Research - Reports
 7 14
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
 No Yes
Research 5 5
Winner check_circle

ETF Research

Feature TD Ameritrade Fidelity
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 Yes
ETFs - Reports
 Yes Yes
Research 5 5
Winner check_circle

Mutual Fund Research

Feature TD Ameritrade Fidelity
Mutual Funds - Strategy Overview
 Yes Yes
Mutual Funds - Prospectus
 Yes Yes
Mutual Funds - Reports
 Yes No
Mutual Funds - Fees Breakdown
 Yes Yes
Mutual Funds - Top 10 Holdings
 Yes Yes
Mutual Funds - Asset Allocation
 Yes Yes
Mutual Funds - Sector Allocation
 Yes Yes
Mutual Funds - Country Allocation
 No Yes
Mutual Funds - StyleMap
 Yes Yes
Mutual Funds - 3rd Party Ratings
 Yes Yes
Research 5 5
Winner check_circle

Options Trading

Feature TD Ameritrade Fidelity
Option Chains - Streaming
 Yes Yes
Option Chains - Total Columns
 33 26
Option Chains - Greeks
5 5
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 5 4.5
Winner check_circle

Beginners

Feature TD Ameritrade Fidelity
Has Education - Stocks
 Yes Yes
Has Education - ETFs
 Yes Yes
Has Education - Options
 Yes Yes
Has Education - Mutual Funds
 Yes Yes
Has Education - Fixed Income
 Yes Yes
Has Education - Retirement
 Yes Yes
Paper Trading
 Yes No
Videos
 Yes Yes
Webinars (Monthly Avg)
 500 8
Webinars (Archived)
 Yes Yes
Live Seminars
 Yes Yes
Progress Tracking
 Yes Yes
Interactive Learning - Quizzes
 Yes Yes
Investor Magazine
 Yes Yes
Education 5 5
Winner check_circle

Banking

Feature TD Ameritrade Fidelity
Retail Locations
 284 197
Member FDIC
 No No
Checking Accounts
 Yes Yes
Savings Accounts
 No Yes
Credit Cards
 Yes Yes
Debit Cards
 Yes Yes
Mortgage Loans
 No No
No Fee Banking
 Yes Yes
Banking 3 4
Winner check_circle

Overall

Feature TD Ameritrade Fidelity
TD Ameritrade Review Fidelity Review
Overall 4.5 4.5
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 TD Ameritrade.

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 TD Ameritrade both cost $0 per trade. Looking at options, the base fees charged are the same for both brokers, $0. Option contracts at both of the brokerages are the same at $0.65 each. 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. TD Ameritrade offers clients Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading while Fidelity offers Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, TD Ameritrade boasts an offering of 11949 mutual funds compared to Fidelity's 11246 available funds.

Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. TD Ameritrade has virtual trading, Fidelity doesn't. Taking a look at mobile trading, Fidelity and TD Ameritrade both have a 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, Debit Cards and Credit Cards are offered by TD Ameritrade while Fidelity offers Checking Accounts, Savings Accounts, Debit Cards and Credit Cards.

Overall, between Fidelity and TD Ameritrade, TD Ameritrade is the winner.

Fidelity Review
TD Ameritrade Review

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All pricing data was obtained from a published web site as of 01/14/2020 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.

TD Ameritrade, Inc. and StockBrokers.com are separate, unaffiliated companies and are not responsible for each other’s services and products. View terms.

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 Solutions® 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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