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Fidelity vs TD Ameritrade 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.


SPECIAL OFFER No commissions to trade online U.S. stocks, ETFs, and options.1
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Overall Rating

Feature Fidelity TD Ameritrade
Overall 5 5
Commissions & Fees 5 4.5
Offering of Investments 4.5 5
Platforms & Tools 4.5 5
Mobile Trading Apps 5 5
Research 5 5
Education 5 5
Ease of Use 4.5 5
Fidelity Review TD Ameritrade Review
Winner check_circle

Trading Fees

Feature Fidelity TD Ameritrade
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
ETF Trade Fee $0.00 $0.00
Mutual Fund Trade Fee $49.95 $74.95
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.65 $0.65
Futures (Per Contract) N/A $2.25
Broker Assisted Trade Fee $32.95 $25.00

Margin Rates

Feature Fidelity TD Ameritrade
Under $24,999.99 8.33% 9.50%
$25,000.00 to $49,999.99 7.83% 9.00%
$50,000.00 to $99,999.99 6.88% 8.00%
$100,000.00 to $249,999.99 6.83% 7.75%
$250,000.00 to $499,999.99 6.58% 7.50%
$500,000.00 to $999,999.99 4.25% N/A
Above $1,000,000.00 4.00% N/A

Account Fees

Feature Fidelity TD Ameritrade
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $0.00
Account Transfer Out (Partial)
$0.00 $0.00
Account Transfer Out (Full)
$0.00 $75.00

Investment Options

Feature Fidelity TD Ameritrade
Stock Trading
Yes Yes
Fractional Shares
Yes No
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
No Yes
Forex Trading
No Yes
Crypto Trading
No No
Crypto Trading - Total Coins
0 0
Mutual Funds (No Load)
5768 4606
Mutual Funds (Total)
9615 8878
Bonds (US Treasury)
Yes Yes
Bonds (Corporate)
Yes Yes
Bonds (Municipal)
Yes Yes
Advisor Services
Yes Yes
International Trading
Yes Yes

Order Types

Feature Fidelity TD Ameritrade
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - After-Hours
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes Yes
Order Type - OCO
Yes Yes
Order Type - OTO
Yes Yes
Order Type - Broker Assisted
Yes Yes

Beginners

Feature Fidelity TD Ameritrade
Education (Stocks)
Yes Yes
Education (ETFs)
Yes Yes
Education (Options)
Yes Yes
Education (Mutual Funds)
Yes Yes
Education (Bonds)
Yes Yes
Education (Retirement)
Yes Yes
Retirement Calculator
Yes Yes
Investor Dictionary
Yes Yes
Paper Trading
No Yes
Videos
Yes Yes
Webinars (Monthly Avg)
115 500
Webinars (Archived)
Yes Yes
Progress Tracking
Yes Yes
Interactive Learning - Quizzes
Yes Yes

Stock Trading Apps

Feature Fidelity TD Ameritrade
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
Yes Yes
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes Yes
Trading - Simple Options
Yes Yes
Trading - Complex Options
Yes Yes
Order Ticket RT Quotes
Yes Yes
Order Ticket SRT Quotes
Yes Yes

Stock App Features

Feature Fidelity TD Ameritrade
Market Movers (Top Gainers)
Yes Yes
Stream Live TV
Yes Yes
Videos on Demand
Yes Yes
Stock Alerts
Yes Yes
Option Chains Viewable
Yes Yes
Watch List (Real-time)
Yes Yes
Watch List (Streaming)
Yes Yes
Watch Lists - Create & Manage
Yes Yes
Watch Lists - Column Customization
Yes Yes
Watch List - Column Filtering
Yes Yes

Stock App Charting

Feature Fidelity TD Ameritrade
Charting - After-Hours
Yes Yes
Charting - Can Turn Horizontally
Yes Yes
Charting - Multiple Time Frames
Yes Yes
Charting - Technical Studies
7 406
Charting - Study Customizations
Yes Yes
Charting - Stock Comparisons
Yes Yes

Trading Platforms

Feature Fidelity TD Ameritrade
Desktop Trading Platform
Yes Yes
Web Trading Platform
Yes Yes
Paper Trading
No Yes
Trade Journal
Yes Yes
Watch Lists - Total Fields
91 514

Stock Chart Features

Feature Fidelity TD Ameritrade
Charting - Adjust Trades on Chart
Yes Yes
Charting - Indicators / Studies
129 489
Charting - Drawing Tools
22 23
Charting - Notes
Yes Yes
Charting - Index Overlays
Yes Yes
Charting - Historical Trades
Yes Yes
Charting - Corporate Events
Yes Yes
Charting - Custom Date Range
Yes Yes
Charting - Custom Time Bars
Yes Yes
Charting - Automated Analysis
Yes Yes
Charting - Save Profiles
Yes Yes
Trade Ideas - Technical Analysis
Yes Yes
Charting - Study Customizations
5 9
Charting - Custom Studies
No Yes

Day Trading

Feature Fidelity TD Ameritrade
Streaming Time & Sales
No Yes
Streaming TV
Yes Yes
Direct Market Routing - Stocks
Yes Yes
Ladder Trading
No Yes
Trade Hot Keys
Yes Yes
Level 2 Quotes - Stocks
Yes Yes
Trade Ideas - Backtesting
Yes Yes
Trade Ideas - Backtesting Adv
No Yes
Short Locator
Yes No
Order Liquidity Rebates
No No

Research Overview

Feature Fidelity TD Ameritrade
Research - Stocks
Yes Yes
Research - ETFs
Yes Yes
Research - Mutual Funds
Yes Yes
Research - Pink Sheets / OTCBB
Yes Yes
Research - Bonds
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 Allocation
Yes Yes

Stock Research

Feature Fidelity TD Ameritrade
Stock Research - PDF Reports
11 7
Stock Research - Earnings
Yes Yes
Stock Research - Insiders
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
Yes No

ETF Research

Feature Fidelity TD Ameritrade
ETFs - Strategy Overview
Yes Yes
ETF Fund Facts - Inception Date
Yes Yes
ETF Fund Facts - Expense Ratio
Yes Yes
ETF Fund Facts - Net Assets
Yes Yes
ETF Fund Facts - Total Holdings
Yes No
ETFs - Top 10 Holdings
Yes Yes
ETFs - Performance Analysis
Yes Yes
ETFs - Sector Exposure
Yes Yes
ETFs - Risk Analysis
Yes Yes
ETFs - Ratings
Yes Yes
ETFs - Morningstar StyleMap
Yes Yes
ETFs - PDF Reports
Yes Yes

Mutual Fund Research

Feature Fidelity TD Ameritrade
Mutual Funds - Strategy Overview
Yes Yes
Mutual Funds - Performance Chart
Yes Yes
Mutual Funds - Performance Analysis
Yes Yes
Mutual Funds - Prospectus
Yes Yes
Mutual Funds - PDF Reports
No Yes
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
Yes No
Mutual Funds - StyleMap
Yes Yes
Mutual Funds - 3rd Party Ratings
Yes Yes

Options Trading

Feature Fidelity TD Ameritrade
Option Chains - Basic View
Yes Yes
Option Chains - Strategy View
Yes Yes
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
26 35
Option Chains - Greeks
5 5
Option Positions - Greeks Streaming
Yes Yes
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

Banking

Feature Fidelity TD Ameritrade
Bank (Member FDIC)
No No
Checking Accounts
Yes Yes
Savings Accounts
Yes No
Credit Cards
Yes Yes
Debit Cards
Yes Yes
Mortgage Loans
No No

Customer Service

Feature Fidelity TD Ameritrade
Phone Support (Prospect Customers)
Yes Yes
Phone Support (Current Customers)
Yes Yes
Email Support
Yes Yes
Live Chat (Prospect Customers)
Yes Yes
Live Chat (Current Customers)
Yes Yes
24/7 Support
Yes Yes

Overall

Feature Fidelity TD Ameritrade
Overall 5 5
Commissions & Fees 5 4.5
Offering of Investments 4.5 5
Platforms & Tools 4.5 5
Mobile Trading Apps 5 5
Research 5 5
Education 5 5
Ease of Use 4.5 5
Fidelity Review TD Ameritrade Review
Winner check_circle

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 is better 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).

What about Fidelity vs TD Ameritrade pricing?
Fidelity and TD Ameritrade have equal fees for trading stocks (equities), $0 per trade. With options, the base fee is $0 for both Fidelity and TD Ameritrade. 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, TD Ameritrade trails Fidelity by 737 total mutual funds, with Fidelity offering 9615 and TD Ameritrade offering 8878.

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 winner: Fidelity

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All pricing data was obtained from a published web site as of 01/10/2022 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.

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. View terms.

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