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TD Ameritrade vs Fidelity 2020

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.

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Overall Rating

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
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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 4.5 4.5
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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
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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
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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 5 4.5
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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
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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
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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
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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 5 5
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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
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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 5 5
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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
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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
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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
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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 5 5
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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
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Overall

Feature TD Ameritrade Fidelity
TD Ameritrade Review Fidelity Review
Overall 5 5
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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. Clients can have Checking Accounts, Debit Cards and Credit Cards at TD Ameritrade while customers at Fidelity can have Checking Accounts, Savings Accounts, Debit Cards and Credit Cards.

Overall, between Fidelity and TD Ameritrade, TD Ameritrade is the better online broker.

Fidelity Review
TD Ameritrade Review

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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.

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