Print
Email

Email

Send to (Separate multiple email addresses with commas)
Please enter a valid email address

Your email address
Please enter a valid email address

Message (Optional)

Important legal information about the email you will be sending. By using this service, you agree to input your real email address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an email. All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. The subject line of the email you send will be "Fidelity.com: "

Email

Your email has been sent.
Share
Share
Mutual Funds and Mutual Fund Investing - Fidelity Investments

Clicking a link will open a new window.
- Facebook
- Twitter
- LinkedIn
- Google+
Default text size A
Larger text size A
Largest text size A

Trading Overview

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.

Open a Brokerage Account

We cut the price of online U.S. equity trades to give you more value. Trade with a clear advantage.

Open an account

What you'll get only from Fidelity

How the others stack up

Price

	The Fidelity Account^®	Schwab	*ETrade**	TD Ameritrade
Stocks Nonproprietary ETFs and options (per trade)¹	$4.95	$4.95	$6.95	$6.95
Options (per contract, plus base rate)	$0.65	$0.65	$0.75	$0.75
Margin rate for $1,000,000 debit balance²	4.00%	6.75%	6.75%	7.25%
See how our bond pricing, only $1 per bond online, beats our competitors by an average of $13 per trade.³

Table compares pricing for retail investors.

Execution

	The Fidelity Account^®	Schwab	*ETrade**	TD Ameritrade
Automated trading⁴	Yes	No	Yes	Yes
International stock trading in 25 markets	Yes	No	No	No

Analysis

	The Fidelity Account^®	Schwab	*ETrade**	TD Ameritrade
In-depth research from 20+ independent providers	Yes	No	No	No
Portfolio-level backtesting⁵	Yes	No	No	No
2-year covered call strategy backtester	Yes	No	No	No
International stock research	Yes	Yes	Yes	No

Table compares pricing for retail investors.

Questions?

800-353-4881 800-353-4881
Chat with a representative

Minimum concessions of $19.95 if traded with a Fidelity representative. For U.S Treasury purchases traded with a Fidelity representative, a flat charge of $19.95 per trade applies. A $250 maximum applies to all trades and is reduced to a $50 maximum for bonds maturing in one year or less. Fixed income trading requires a Fidelity brokerage account with a minimum opening balance of $2,500. Rates are for U.S. Dollar denominated bonds, additional fees and minimums apply for non-Dollar bond trades. Other conditions may apply. See Fidelity.com/commissions for details. Please note that concessions may impact the total cost of the transaction and the total, or "effective," yield of your investment. The offering broker, which may be our affiliate National Financial Services LLC, may separately mark up on mark down the price of the security and may realize a trading profit or loss on the transaction.

1.

$4.95 commission applies to online U.S. equity trades in a Fidelity retail account only for Fidelity Brokerage Services LLC retail clients. Certain accounts may require a minimum opening balance of $2,500. Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). Other conditions may apply. See Fidelity.com/commissions for details. Employee equity compensation transactions and accounts managed by advisors or intermediaries through Fidelity Clearing and Custody Solutions are subject to different commission schedules.

Commission comparison based on published website commission schedules for retail accounts, as of 03/13/2017, for E*Trade, Schwab and TD Ameritrade for online U.S. equity trades. For E*Trade: $6.95 per trade for 0 to 29 trades per quarter and $4.95 per trade for 30 or more trades per quarter. For TD Ameritrade: $6.95 per market or limit order trade for an unlimited amount of shares. For Schwab: $4.95 for up to 999,999 shares per trade, though orders of 10,000 or more shares or greater than $500,000 may be eligible for special pricing. Employee equity compensation transactions and accounts managed by advisors or intermediaries through Fidelity Clearing and Custody Solutions are subject to different commission schedules. Commissions are subject to change without notice. See each provider’s website for any additional information and restrictions.

2.

4.00% rate available for debit balances over $1,000,000. Fidelity's current Base Margin Rate, effective since 5/01/2017, is 7.075%.

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. Please assess your financial circumstances and risk tolerance before trading on margin. Margin credit is extended by National Financial Services, Member NYSE, SIPC.

3. Fidelity commissioned Corporate Insight to study bond pricing, available online, for self-directed retail investors from five brokers that offer corporate and municipal bonds. The study compared online bond prices for over 20,000 municipal and corporate inventory matches between September 2nd and October 6th, 2015. It compared municipal and corporate inventories offered online. The study found on average that four competitors that bundled their markups or fees into their online bond prices were asking an average of $13.65 more per bond. Corporate Insight determined the average cost differential by calculating the difference between the costs of matching corporate and municipal bond inventory at Fidelity vs. these markup-based firms in the study, then averaging the differences across all of the competitor firms. For the table, the example competitor trade costs range of $240 - $510 is based on an average size order of $22,000 face or par value bonds and average cost differential between Fidelity and the four selected competitors displayed in the table. Year to date, through September 2015, Fidelity's retail brokerage account holders who purchased individual municipal or corporate bonds, purchased an average of 22 bonds per transaction.

4. 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.

5. Wealth-Lab Pro^® offers portfolio-level backtesting with margin and money management rules.

*To compare brokers, Barron's composed a score that reflects how much of a broker's flow it sends to the best-performing market makers including Citadel Securities, UBS, Two Sigma Securities, KCG Holdings, Susquehanna International Group and Citigroup's Automated Trading Desk using a volume-weighted mean for market orders of all reported sizes for both S&P 500 and Non-S&P 500 securities. Broker scores are based on the overall execution quality of market makers for Q4 2014 routing of market orders for both NYSE and Nasdaq stocks using the market makers' effective spread to quoted spread (E/Q).

Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read . Supporting documentation for any claims, if applicable, will be furnished upon request.

There is an Options Regulatory Fee from $0.04 to $0.06 per contract, which applies to both option buy and sell transactions. The fee is subject to change.

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

433289.41.0