Empower vs Fidelity
Empower is a free advanced tools plus hybrid advisory service for people with over $100k in investments. How does it compare to Fidelity? Read our comparison chart below.
Empower offers free advanced financial tools and paid wealth management services.
While Fidelity offers stock trades at $0 per trade and more than 180 branch locations. There is no minimum deposit.
Compare Empower with Fidelity, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
 | ||
 |  | |
Empower | Fidelity | |
|---|---|---|
Free Money Management Tools - | Commission-Free Trading - Online Stock, ETF and Option Trades - | |
Benefits and Features | ||
| Stock Trading | ||
| Options Trading | $0 per online trade, plus $0.65 per contract | |
| Annual Fee | 0.89% for first $1 million, 0.79% for first $3 million, next $2 million 0.69%, next $5 million, 0.59%, and 0.49% over $10 million | |
| Cryptocurrency Trading | ||
| Minimum Deposit | ||
| Mutual Fund Trading |
| |
| Commission Free ETFs | 357 including 28 Fidelity factor, sector, stock, and bond ETFs and 329 iShares® ETFs | |
| Phone Support | ||
| Live Chat Support | ||
| Email Support | ||
| Human Advisors | Optional coaching or investment management with human advisors (for added fees) | |
| Robo Advisor |  | Optional Fidelity Go robo-advisory service |
| Assets Under Management | ||
| Tax Loss Harvesting | ||
| Goal Tracker | ||
| Automatic Deposits | ||
| Broker Assisted Trades | $32.95 per trade for representative-assisted trades. | |
| Good For | More experienced DIY investors; Mutual fund investors | |
| Inactivity Fee | ||
| Maintenance Fee | ||
| Online Platform | Yes (access to Active Trader Pro is available to those who trade 36 times or more in a rolling 12 month period) | |
| iPhone App | ||
| Android App | ||
| Banking | 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 | | |
| Two-Factor Authentication | ||
| Locations | ||
| Online Community | ||
| Seminars | Yes, frequent webinars and courses for beginners | |
| Virtual Trading | ||
| Investment Tracking | | |
| Single Stock Diversification | ||
| Fractional Shares | ||
| Taxable Accounts | ||
| 401k Plans | ||
| IRA Accounts | ||
| Roth IRA Accounts | ||
| SEP IRA Accounts | ||
| Trust Accounts | ||
| 529 Plans | ||
CreditDonkey® Reviews | ||
| ||
| Human Advisors |  | |
| Robo Advisor |  | |
| Price | | |
| Goal Tracker | | |
| Customer Service | | |
| Budgeting | | |
| Ease of Use | | |
| Investment Tracking | | |
| Retirement Planning | | |
| Stock Trading | | |
| Options Trading | | |
| Mutual Fund Trading |  | |
| Banking | | |
| Mobile App | | |
| Commissions and Fees | | |
| Research | | |
| Pros & Cons | Pros:
| Pros:
|
| Bottom Line | Free advanced tools plus hybrid advisory service for people with over $100k in investments... | Comprehensive online broker with in-depth research... |
| | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Empower: Pricing information from published website as of 04/30/2020 Fidelity: Pricing information from published website as of 12/05/2020. Empower: Empower Personal Wealth, LLC (“EPW”) compensates CREDITDONKEY INC for new leads. CREDITDONKEY INC is not an investment client of Personal Capital Advisors Corporation or Empower Advisory Group, LLC. | ||
Empower Personal Cash
- 4.10% APY
- $0 monthly fee
- Withdraw up to $100k per day
Which is Better: Empower or Fidelity?
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Empower or eToro.
Articles on Empower
Empower Review
Empower offers wealth management services and free financial tools. But is it legit? Find out if this robo advisory service is right for you.
Is Empower Safe
Empower offers free budgeting tools. But is it safe to link all your financial accounts? Learn just how secure Empower is.
Empower vs Quicken
Quicken is the oldest name in personal finance software, while Empower is newer and offers advanced tools for free. Read on to see if it's a good alternative to Quicken.
Empower vs Mint
Empower and Mint are popular money management apps. Read this review to find out how they compare and which one is better for you.
Articles on Fidelity
Fidelity
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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