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Fidelity vs TD Ameritrade

Fidelity is a comprehensive online broker with in-depth research. How does it compare to TD Ameritrade? Read our comparison chart below.

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

While TD Ameritrade offers $0 commission online stock, ETF, and option trades. This online broker also has more than 100 branch locations. There is no minimum deposit, no maintenance fee, and no inactivity fee.

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

 

Fidelity

TD Ameritrade

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

Read Fidelity Review

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

Read TD Ameritrade Review

 

Benefits and Features

Stock Trading
$0 per trade
$0 commission for online stock, ETF, and option trades
Options Trading$0 per online trade, plus $0.65 per contract
$0.65 per contract
Annual Fee
None
 
Cryptocurrency Trading
No
Yes
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).
Up to $49.95 or $74.95 for buys. $0 for sells
Commission Free ETFs357 including 28 Fidelity factor, sector, stock, and bond ETFs and 329 iShares® ETFs
550+ Commission-Free ETFs
Phone Support
(800) 343-3548; available 24/7
 
Live Chat Support
No
Yes
Email Support
Yes
 
Human AdvisorsOptional coaching or investment management with human advisors (for added fees) 
Robo AdvisorOptional Fidelity Go robo-advisory service 
Assets Under Management
$4.9 Trillion
 
Penny Stocks 
Check
Tax Loss Harvesting
No
 
Goal Tracker
Yes
 
Automatic Deposits
Yes
 
Broker Assisted Trades$32.95 per trade for representative-assisted trades.
$25
Customer Service 
(800) 669-3900 (Open 24/7)
Good ForMore experienced DIY investors; Mutual fund investors 
Inactivity Fee
$0
$0
Maintenance Fee
$0 account service fee
$0
Online PlatformYes (access to Active Trader Pro is available to those who trade 36 times or more in a rolling 12 month period)
Yes
iPhone App
Yes (4.8 stars, 1.7m ratings)
 
Android App
Yes (4.5 stars, 97k ratings)
 
BankingFidelity Cash Management Account includes reimbursed ATM fees, no monthly fee, no minimum balance requirement, FDIC insurance, mobile check deposit, free billpay and free checkwriting.Cash Management account offers free ATM withdrawals, no monthly maintenance fees, free online bill pay, and free check writing.
Mobile App
Check
Yes
Desktop App 
Thinkorswim
Two-Factor Authentication
Yes
 
Forex Trading 
Yes
Futures Trading $2.25 per contract (plus exchange & regulatory fees)
Bond Trading 
Yes
CFD Trading 
No
Currency Trading 
Yes
Locations
More than 180
More than 100 locations in 34 states
Online Community
Yes, it has an investor forum
 
SeminarsYes, frequent webinars and courses for beginners
Online webcast
Trading Platform 
thinkorswim
Virtual Trading
No
Yes
Fractional Shares
Yes
 
Taxable Accounts
Yes
 
401k Plans
Yes
 
IRA Accounts
Yes
 
Roth IRA Accounts
Yes
 
SEP IRA Accounts
Yes
 
Trust Accounts
Yes
 
529 Plans
Yes
 
 

CreditDonkey® Reviews

Stock TradingStarStarStarStarEmpty StarStarStarStarHalf StarEmpty Star
Options TradingStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Mutual Fund TradingStarStarStarStarHalf Star
BankingStarStarStarStarStarStarStarStarStarEmpty Star
Mobile AppStarStarStarStarEmpty StarStarStarStarStarStar
Commissions and FeesStarStarStarStarEmpty StarStarStarStarHalf StarEmpty Star
ResearchStarStarStarStarStarStarStarStarStarStar
Ease of UseStarStarStarStarStar
Online CommunityStarStarStarEmpty StarEmpty Star
Trading PlatformStarStarStarStarStar
Pros & ConsPros:
  • Research reports
  • Beginner-friendly tools
  • Mobile app
Cons:
  • Restricted platform
Pros:
  • Easy to Use
  • Thinkorswim Platform
  • Customer Service
Cons:
  • Trade Fees
Bottom LineComprehensive online broker with in-depth research... Read full reviewGood online broker for long-term investors... 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.

Fidelity: Pricing information from published website as of 09/07/2023.

TD Ameritrade: Pricing information from published website as of 09/05/2023.

Which is Better: Fidelity or TD Ameritrade?

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

In short: Fidelity's banking is excellent. TD Ameritrade's mobile app is impressive.


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.

Articles on TD Ameritrade

TD Ameritrade Review

TD Ameritrade fees are higher than competitors, but is it worth it? We say yes and here's why. We analyze and compare it for you in our in-depth review.

TD Ameritrade Customer Service

TD Ameritrade offers 24/7 customer service - both online and on the phone. But the best way to actually contact TD Ameritrade may surprise you. Read on.

Which Do You Think is Best?





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