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|Online U.S. equity and option trades*||$4.95||$6.95||$4.95||$6.95|
|Online options (per contract rate)||$0.65||$0.75||$0.65||$0.75|
|Lowest published margin rates2||5.50%||8.00%||8.075%||7.50%|
|In-depth research from 20+ independent providers||--||--||--|
|Buy commission-free iShares® ETFs online||329||140||90||54|
Table compares pricing for retail investors.
Commission comparison based on published website commission schedules for retail accounts, as of 3/13/2017, 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 & 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.
Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). Trades are limited to online domestic equities and options and must be used within two years. Options trades are limited to 20 contracts per trade. Offer valid for new and existing Fidelity customers opening or adding net new assets to an eligible Fidelity IRA or brokerage account. Deposits of $50,000–$99,999 will receive 300 free trades, and deposits of $100,000 or more will receive 500 free trades. Account balance of $50,000 of net new assets must be maintained for at least nine months; otherwise, normal commission schedule rates may be retroactively applied to any free trade executions. See Fidelity.com/ATP500free for further details and full offer terms. Fidelity reserves the right to modify these terms and conditions or terminate this offer at any time. Other terms, conditions, or eligibility criteria may apply.
$4.95 commission applies to online U.S. equity trades 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). Other 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.
ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and are not individually redeemed from the fund.
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.
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.
Margin Rates: Effective since 12/21/2018, Fidelity 5.50% for debit balances over $1,000,000, Schwab 8.075% for debit balances of $250,000 to $499,999.99, and TD Ameritrade 8.000% for debit balances over $1,000,000. Call Schwab for rates on debit balances above $499,999.99, as its rates are not published for anything above this amount. Effective since 12/20/2018, E*Trade 7.50% for debit balances over $1,000,000. Fidelity's current base margin rate is 8.575%.
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.
Investor's Business Daily®, January 2019: Best Online Brokers Special Report. Fidelity was named first in Site Performance, Research Tools, Investment Research, Portfolio Analysis & Reports, and Educational Resources. Results based on having the highest Customer Experience Index within the categories composing the survey, as scored by 5,315 respondents. The survey was conducted by Investor's Business Daily's polling partner, TechnoMetrica Market Intelligence. © Investor's Business Daily, Inc. All rights reserved.
StockBrokers.com 2019 Online Broker Review, February 19, 2019: Fidelity was ranked No. 1 for Order Execution out of 16 online brokers evaluated in the StockBrokers.com 2019 Online Broker Review. Fidelity was also rated No. 1 for Investor App and Client Dashboard, and named Best in Class in 12 of 14 categories, including Commission & Fees, Offering of Investments, Platform & Tools, Research, Customer Service, Mobile Trading, Education, Ease of Use, Banking, Beginners, Active Trading, and Overall.
Investopedia, February 2019. Fidelity was named the #1 online broker among 58 brokers reviewed. Fidelity also landed in the top five in numerous categories: Best for Beginners, Best for Mobile App, Best for ETFs, Best for Penny Stocks, Best for Roth IRA, Best for IRA, Best for International Stock Trading, Best for Web Trading Platform.
The ratings and experience of customers may not be representative of the experiences of all customers or investors and is not indicative of future success. The accuracy of information included in the customer ratings and reviews cannot be guaranteed by Fidelity Investments. Customers who post ratings may be responsible for disclosing whether they have a financial interest or conflict in submitting a rating and review.
Please contact a Fidelity representative if you have additional questions or concerns about the ratings and reviews posted here.
Any screenshots, charts, or company trading symbols mentioned are provided for illustrative purposes only and should not be considered an offer to sell, a solicitation of an offer to buy, or a recommendation for the security.
System availability and response times may be subject to market conditions.
Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.
Before investing in any mutual fund or exchange-traded fund, you should consider its investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus, offering circular or, if available, a summary prospectus containing this information. Read it carefully.