Compare Online Brokers
Consistently ranked among the best online brokers, Fidelity offers powerful trading tools, helpful research, and some of the most competitive pricing in the industry.
| Fidelity | TD Ameritrade | Schwab | E*Trade | |
|---|---|---|---|---|
| Can save investors $18.79 on average for a 1000 share equity order4 | Yes | ? | ? | ? |
| ZERO expense ratio index funds 2 | Yes | No | No | No |
| Fractional share trading with access to more than 7,000 US Stocks and ETFs* | Yes | No | S&P 500 only | No |
| Lowest published margin rates3 | 4.00% | 7.50% | 6.575% | 5.45% |
| $1 per bond online mark-up1 |  |
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| 2% Cash-back Rewards Card | |
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? = Ask your broker.
Fidelity calculates $18.79 based on all market and marketable limit orders.4
*For fractional share trading, Fidelity’s minimum transaction value is $1.00. Schwab requires a minimum transaction value of $5.00. TD Ameritrade and E*TRADE do not offer fractional share trading. All data are sourced from public websites as of 11/20/2020 and subject to change.
| Fidelity | TD Ameritrade | Schwab | E*Trade | |
|---|---|---|---|---|
| Reimbursement for unauthorized activity | |
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| FDIC Insurance - Cash Coverage | $1.25M | $500k | $250k | $250k |
| Securities Investor Protection Corporation (SIPC) Coverage | |
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| "Excess of SIPC" coverage of $1 Billion | |
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| Fidelity | TD Ameritrade | Schwab | E*Trade | |
|---|---|---|---|---|
| Reps available 24/7 | |
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| Access to trading strategy experts | |
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| Interactive virtual coaching sessions and webinars with trading strategy experts | |
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| Smart call routing technology | |
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| Active Trader VIP Service | |
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| National branch network | |
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| Fidelity | TD Ameritrade | Schwab | E*Trade | |
|---|---|---|---|---|
| Real-time alerts with price movement probability5 | |
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| Thematic Stock Screener available online and mobile platform | |
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| Option Trade Builder tool simplifies single leg option trading | |
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| Charting with built-in Recognia® technical patterns and events | |
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| Integrated dashboard with market snapshot & positions heatmap | |
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| Portfolio-level backtesting6 | |
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| International stock trading in 25 countries and 16 local currencies | |
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| Streaming news providers | 32 | 26 | 25 | 7 |
| Digital notebook that automatically provides insights on upcoming events | |
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| Graphic visualization of company valuations by Trefis® | |
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| ETF Screener embedded within Mobile App | |
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| Social Sentiment Indicator | |
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| Fidelity | TD Ameritrade | Schwab | E*Trade | |
|---|---|---|---|---|
| In-depth research from 20+ independent providers | |
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| Accuracy-weighted score comprised of independent analyst ratings provided by Thomson Reuters StarMine | |
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| Complimentary online curriculum on trading strategies available to both prospects and customers | |
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| In-app mobile training modules for traders | |
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| 2-year back-tested Option Strategies | |
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