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Charles Schwab vs Fidelity

Charles Schwab is a good choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research. How does it compare to Fidelity? Read our comparison chart below.

Charles Schwab offers stock and ETF trades at $0 commission and options trading at $0 commission + $0.65 per contract. There is no minimum deposit, no maintenance fee, and no inactivity fee.

While Fidelity offers stock trades at $0 per trade and more than 180 branch locations. There is no minimum deposit.

Compare Charles Schwab with Fidelity, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 

Charles Schwab

Fidelity

SPECIAL OFFER
$0 Commissions on Online Stock, ETF, and Options Trades - Learn More

Read Charles Schwab Review

SPECIAL OFFER
Commission-Free Trading - Online Stock, ETF and Option Trades - Learn More

Read Fidelity Review

 

Benefits and Features

Stock Trading$0 commission on U.S. stocks and ETFs
$0
Options Trading
$0 + $0.65 per contract
$0.65 per contract
Annual Fee 
None
Cryptocurrency Trading 
$0
Minimum Deposit
$0
 
Mutual Fund Trading$0 for no-transaction-fee funds $49.95 for all other funds
Yes
Commission Free ETFs2,000+ across asset classes and fund companies, $0 commission through Schwab ETF OneSourceā„¢. 
Broker Assisted Trades
$25.00 service charge
 
Inactivity Fee
None
$0
Maintenance Fee
$0
$0
Banking
Yes
No
Mobile App
Yes
Yes
Desktop App
Yes
 
Futures Trading
$2.25 per contract
 
Customer Service
24/7
 
Locations
300 locations
 
Online Community
Yes
 
Seminars
Yes
 
Virtual Trading
Yes (thinkorswim platforms)
 
 

CreditDonkey® Reviews

Stock TradingStarStarStarStarHalf Star
Options TradingStarStarStarHalf StarEmpty Star
Mutual Fund TradingStarStarStarStarEmpty Star
Online PlatformStarStarStarStarStar
BankingStarStarStarStarStar
Mobile AppStarStarStarHalf StarEmpty StarStarStarStarStarEmpty Star
Commissions and FeesStarStarStarEmpty StarEmpty Star
Ease of UseStarStarStarStarEmpty Star
ResearchStarStarStarStarStar
SavingsStarStarStarEmpty StarEmpty Star
FeesStarStarStarStarStar
Customer ServiceStarStarStarStarEmpty Star
Pros & ConsPros:
  • Vast selection of commission-free ETFs and mutual funds
  • 2 platforms (one for beginners and one for advanced traders)
  • 24/7 customer service including online chat
Cons:
  • Commission costs on mutual funds outside of the commission-free funds
  • Robo-advisor option requires a minimum investment of $5,000
Pros:
  • $0 monthly service fee
  • No minimum balance
  • Free debit card
Cons:
  • Relatively low APY
  • Few physical branches
Bottom LineGood choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research... Read full reviewCash management account with a decent APY... Read full review

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Charles Schwab: Pricing information from published websites as of 02/29/2024.

Fidelity: Pricing information from published website as of 11/22/2023.

Which is Better: Charles Schwab or Fidelity?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Charles Schwab or Robinhood.


Articles on Charles Schwab

Charles Schwab

Charles Schwab is one of the oldest names in the world of investing. With low fees, no account minimums, and robust research tools, it's a good brokerage for all levels of investors.

Articles on Fidelity

Fidelity High Yield Savings

Fidelity boasts an all-around account with no fees and a decent APY. But there's even more to discover. Keep reading.

Fidelity Investment Brokerage Review

Thinking of opening a brokerage account with Fidelity? There are many reasons to love Fidelity and a few reasons to think about going elsewhere.

Which Do You Think is Best?





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