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TD Ameritrade vs Fidelity 2020

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



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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