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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 trades at $4.95 per trade and options trading at $4.95 + $0.65 per contract. It also offers 200+ commission free ETFs. There is no minimum deposit, no maintenance fee, and no inactivity fee.

While Fidelity offers stock trades at $4.95 per trade, 93 commission free ETFs, and more than 180 branch locations. There is a $2,500 minimum deposit.

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

 Fidelity
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Charles Schwab

Fidelity

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Benefits and Features

Stock Trading
$4.95 per trade
$4.95 per trade
Options Trading
$4.95 + $0.65 per contract
$4.95 per online trade, plus $0.65 per contract
Minimum Deposit
$1,000
$2,500
Mutual Fund Trading$0 for no-transaction-fee funds $76 for all other funds$0 transaction fee for Fidelity funds
$0 on purchase for NTF (no transaction fee) non-Fidelity funds. ($49.95 on redemption if held less than 60 days)
$49.95 on purchase for non-Fidelity funds; $0 on redemption. (Certain funds may have a $75 transaction fee).
Commission Free ETFs
200+
93 including 8 Fidelity Factor ETFs, 11 Fidelity Sector ETFs, 3 Fidelity Bond ETFs, Fidelity ONEQ, and 70 commission-free funds from iShares ETFs
Broker Assisted Tradesonline pricing + $25.00 service charge$32.95 per trade for representative-assisted trades.
Customer Service
24/7
(800) 343-3548
Inactivity Fee
None
$0
Maintenance Fee
$0
$12 per year for each noncore Fidelity fund under $2,000.
$25 per year for SIMPLE IRAs.
$48 per year ($12 per quarter) administrative fee for Fidelity HSA.
Banking
Yes
Fidelity Cash Management Account includes reimbursed ATM fees, no monthly fee, no minimum balance requirement, FDIC insurance, mobile check deposit, free billpay and free checkwriting.
Mobile App
Yes
Desktop App
Yes
Active Trader Pro (requires you trade 36 times or more in a rolling 12 month period)
Futures Trading
$1.50 per contract
 
Locations
300 locations
More than 180
Online Community
Yes
 
Seminars
Yes
 
Virtual Trading
No
 

CreditDonkey® Reviews

 Fidelity
Stock Trading
Options Trading
Mutual Fund Trading
Online Platform
Banking
Mobile App
Commissions and Fees
Ease of Use
Research
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:
  • $1,000 minimum to open a brokerage account
  • Commission costs on mutual funds outside of the commission-free funds
  • Robo-advisor option requires a minimum investment of $5,000
Pros:
  • Research reports
  • Beginner-friendly tools
  • Mobile app
Cons:
  • Restricted platform
Bottom LineGood choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research... Read full reviewComprehensive online broker with in-depth research... 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 4/16/2018

Fidelity: Pricing information from published website as of 02/28/2017

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 Ally Invest.

In short: Fidelity's commissions and fees is notable.


Explore Charles Schwab In-Depth


Explore Fidelity In-Depth


Which Do You Think is Best?


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