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Compare Online Brokers

With some of the lowest costs in the industry, trading online with Fidelity means you keep more of your money working for you.

Price

  The Fidelity Account® Schwab E*Trade TD Ameritrade
Stocks
Nonproprietary ETFs
(per trade)1, 2

$7.95

$8.95

$9.99

$9.99

Options
(per contract, plus base rate)

$0.75

$0.75

$0.75

$0.75

Margin rate 
for $500,000 debit balance3

3.75%

6.75%

4.14%

7.00%

Execution

  The Fidelity Account® Schwab E*Trade TD Ameritrade
1-Second Execution Guarantee4 green_check      
Automated trading5 green_check  
International stock trading in 25 markets green_check      

Analysis

  The Fidelity Account® Schwab E*Trade TD Ameritrade
In-depth research from 20+ independent providers green_check      
Portfolio-level backtesting6 green_check      
Options pairing summary view green_check    
International stock research green_check
 

Questions?

More information

1. Commission comparison based upon published website commission schedules, as of 3/15/2012, for E*Trade, Schwab, and TD Ameritrade for all online U.S. equity and non-proprietary ETF trades and for E*Trade customers who make fewer than 150 trades per quarter. Other pricing may be available based on a specific asset level or a combination of trading and asset levels.
2. $7.95 commission applies to online U.S. equity trades for Fidelity Brokerage Services LLC retail clients; other conditions may apply. See the brokerage commission and fee schedule (PDF) for details.
3. Margin trading entails greater risk, including but not limited to risk of loss and incurrence of margin interest debt, and is not suitable for all investors. Margin credit is extended by National Financial Services, Member NYSE/SIPC. Please assess your financial circumstances and risk tolerance prior to trading on margin. Effective since January 12, 2009, Fidelity’s base margin rate is 6.575%.
4. Fidelity will waive the commission charge on eligible stock trades not executed within one second. Offer limited to market orders between 1 and 1000 shares to buy, sell, or buy to cover stocks listed in the S&P 500® Index. Orders must be entered between 9:45 a.m. and 3:59 p.m. ET on a day when the equity markets are open and times will be adjusted when the markets open late/close early. Execution speed is calculated from the time Fidelity accepts the order to the time of execution reported to Fidelity by the executing market center. Eligible orders can be entered on Fidelity.com, Fidelity Active Trader Pro®, FAST®, wireless devices, or through a Fidelity representative. Short sales, extended hours orders, directed trade orders, and certain other orders excluded. Certain market and systems conditions may impact qualification for this guarantee. Fidelity reserves the right to restrict or revoke this offer at any time. For complete details, visit 1-Second Execution Guarantee.
5. Automated trading poses additional risks that are greater than those associated with manual trading. Use of Fidelity’s Wealth-Lab Pro® automated trading feature is subject to the Wealth-Lab Pro® Automated Trading User Agreement. Additional terms, conditions, and eligibility requirements apply.
6. Wealth-Lab Pro® offers portfolio-level backtesting with margin and money management rules.

Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Prior to trading options, please read Characteristics and Risks of Standardized Options, and call 800-343-3548 to be approved for options trading.  Supporting documentation for any claims, if applicable, will be furnished upon request.

System availability and response times may be subject to market conditions.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information.  Read it carefully.
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