Is Fidelity better than TD Ameritrade? After testing 15 of the best online brokers over five months, TD Ameritrade (97.44%) is better than Fidelity (95%). 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.
StockBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure
TD Ameritrade vs Fidelity 2020
|
|
|
|
Exclusive Offer
Get up to $375 and trade commission-free with TD Ameritrade. Open Account
|
Trade Commission-Free
No commissions to trade online U.S. stocks, ETFs, and options.1 Open Account
|
|
| Open Account | Open Account |
Overall Rating
| Feature | TD Ameritrade | Fidelity |
| Overall | ||
| 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 | ||
| Winner | check_circle |
Margin Rates
| Feature | TD Ameritrade | Fidelity |
| Under $24,999.99 | 9.50% | 8.33% |
| $25,000.00 to $49,999.99 | 9.00% | 7.83% |
| $50,000.00 to $99,999.99 | 8.00% | 6.88% |
| $100,000.00 to $249,999.99 | 7.75% | 6.83% |
| $250,000.00 to $499,999.99 | 7.50% | 6.58% |
| $500,000.00 to $999,999.99 | N/A | 4.25% |
| Above $1,000,000.00 | N/A | 4.00% |
| Commissions & Fees | ||
| 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 |
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 |
|
Interest Sharing |
No | Yes |
|
Advisor Services |
Yes | Yes |
|
International Trading |
Yes | Yes |
| Offering of Investments | ||
| 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 | ||
| 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 |
|
AI Assistant Bot |
Yes | Yes |
| Platforms & Tools | ||
| 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 | ||
| 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 | ||
| 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 | ||
| Winner | check_circle |
Stock Research
| Feature | TD Ameritrade | Fidelity |
|
Stock Research - Reports |
7 | 16 |
|
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 | ||
| 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 | ||
| 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 | ||
| 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 | ||
| Winner | check_circle |
Beginners
| Feature | TD Ameritrade | Fidelity |
|
Education (Stocks) |
Yes | Yes |
|
Education (ETFs) |
Yes | Yes |
|
Education (Options) |
Yes | Yes |
|
Education (Mutual Funds) |
Yes | Yes |
|
Education (Fixed Income) |
Yes | Yes |
|
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 | ||
| 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 | ||
| Winner | check_circle |
Overall
| Feature | TD Ameritrade | Fidelity |
| TD Ameritrade Review | Fidelity Review | |
| Overall | ||
| Winner | check_circle |
Comparing brokers side by side is no easy task. For our 2020 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?
TD Ameritrade is better for beginner investors than Fidelity. TD Ameritrade offers investors access to Paper Trading, Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Fixed Income) and Education (Retirement).
What about Fidelity vs TD Ameritrade pricing?
Fidelity and TD Ameritrade have equal fees for trading stocks (equities), $0 per trade. For options trading, both Fidelity and TD Ameritrade charge the same base fee of $0. Option contracts at both of the brokerages are the same at $0.65 each. For a complete commissions summary, see our best discount brokers guide.
Does Fidelity or TD Ameritrade offer a wider range of investment options?
TD Ameritrade offers a more diverse selection of investment options than Fidelity. TD Ameritrade offers investors access to Stock Trading, OTCBB / Pink Sheets, Options Trading, Mutual Funds, Futures Trading, Forex Trading, Advisor Services and International Trading. Looking at Mutual Funds, Fidelity trails TD Ameritrade by 703 total mutual funds, with TD Ameritrade offering 11949 and Fidelity offering 11246.
Which trading platform is better: Fidelity or TD Ameritrade?
To compare the trading platforms of both 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 TD Ameritrade 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, Debit Cards and Credit Cards are available to clients of TD Ameritrade while Fidelity offers customers Checking Accounts, Savings Accounts, Debit Cards and Credit Cards.
Overall, between Fidelity and TD Ameritrade, TD Ameritrade is the better online broker.
Related Comparisons
- Fidelity vs. Charles Schwab
- TD Ameritrade vs. Charles Schwab
- Fidelity vs. E*TRADE
- TD Ameritrade vs. E*TRADE
- Fidelity vs. Merrill Edge
- TD Ameritrade vs. Merrill Edge
All pricing data was obtained from a published web site as of 01/20/2020 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.
