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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||56||0||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.
Kiplinger’s magazine, August 2016 and August 2017 Online Broker Survey. 2016: Fidelity was ranked No. 1 overall out of seven online brokers. Results based on ratings in the following categories: Commissions and Fees, Breadth of Investment Choices, Tools, Research, Ease of Use, Mobile, and Advisory. 2017: Fidelity was ranked No. 1 overall (tied with Merrill Edge) out of seven online brokers. Results based on ratings in the following categories: Total Commissions Score, Breadth of Investment Choices, Tools, Research, Ease of Use, Mobile Access, and Advisory Services.
Investor's Business Daily® (IBD), January 2016, 2017, and 2018: Best Online Brokers Special Report. January 2016: Fidelity ranked in the top five in 10 out of 12 categories. Fidelity was named first in Trade Reliability, Research Tools, Investment Research, Portfolio Analysis and Reports, and Educational Resources. January 2017: Fidelity ranked in the top two in all 13 categories. Fidelity was named first in Research Tools, Portfolio Analysis and Reports, Investment Research, Educational Resources, and Planning Tools. January 2018: Fidelity ranked in the top five in 13 out of 14 categories. Fidelity was named first in Trade Reliability, Site Performance, Customer Service, Research Tools, Investment Research, Low-Cost/Free ETF Trading, Portfolio Analysis & Reports, Educational Resources, and Investment and Retirement Planning Tools. Results in 2017 and 2018 were based on having the highest Customer Experience Index within the categories composing the survey, as scored by 4,752 and 5,052 respondents, respectively, in the survey 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.
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.