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Robinhood vs Fidelity

Robinhood is a free option to trade stocks with limited bells and whistles. How does it compare to Fidelity? Read our comparison chart below.

Robinhood offers $0 stock trades by cutting out physical offices and manual account management. Only basic stock trading can be performed on the mobile app. There is no minimum deposit or maintenance fee, though there is an optional paid premier customer tier starting at $6/month.

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

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

 

Robinhood

Fidelity

SPECIAL OFFER
Invite Friends, Get Free Stocks - Learn More

Read Robinhood Review

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

Read Fidelity Review

 

Benefits and Features

Stock Trading
$0
$0 per trade
Options Trading $0 per online trade, plus $0.65 per contract
Minimum Deposit
$0
$0
Mutual Fund Trading $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 ETFsall U.S. listed ETFs357 including 28 Fidelity factor, sector, stock, and bond ETFs and 329 iShares® ETFs
Broker Assisted Trades
$10
$32.95 per trade for representative-assisted trades.
Customer Service
Monday-Friday 9am - 6pm ET
(800) 343-3548
Inactivity Fee
$0
$0
Maintenance Fee
$0
$0 account service fee
Banking
No
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)
Locations
No
More than 180
Online Community
No
 
Seminars
No
 
Virtual Trading
No
 

CreditDonkey® Reviews

Stock Trading
Options Trading
Mobile App
Commissions and Fees
Ease of Use
Research
Mutual Fund Trading
Banking
Pros & ConsPros:
  • Commission-free trades
  • No minimum
Cons:
  • No IRAs
  • Limited research
  • No mutual funds & bonds
Pros:
  • Research reports
  • Beginner-friendly tools
  • Mobile app
Cons:
  • Restricted platform
Bottom LineFree option to trade stocks with limited bells and whistles... Read full reviewComprehensive online broker with in-depth research... Read full review

Commission-Free Trading - Online Stock, ETF and Option Trades

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

Robinhood: Pricing information from published websites as of 11/11/2019.

Fidelity: Pricing information from published website as of 11/18/2019.

Which is Better: Robinhood or Fidelity?

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

In short: Robinhood's stock trading and commissions and fees are impressive. Fidelity's research is excellent.


Articles on Robinhood


Articles on Fidelity


Which Do You Think is Best?


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CreditDonkey is a stock broker comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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