Fidelity vs Charles Schwab

Fidelity is a comprehensive online broker with in-depth research. How does it compare to Charles Schwab? 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 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.

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

	Fidelity	Charles Schwab
	SPECIAL OFFER Commission-Free Trading - Online Stock, ETF and Option Trades - Learn More Read Fidelity Review	SPECIAL OFFER $0 Commissions on Online Stock, ETF, and Options Trades - Learn More Read Charles Schwab Review
	Benefits and Features
Stock Trading	$0 per trade	$0 commission on U.S. stocks and ETFs
Options Trading	$0 per online trade, plus $0.65 per contract	$0 + $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).	$0 for no-transaction-fee funds $49.95 for all other funds
Commission Free ETFs	357 including 28 Fidelity factor, sector, stock, and bond ETFs and 329 iShares® ETFs	2,000+ across asset classes and fund companies, $0 commission through Schwab ETF OneSource™.
Broker Assisted Trades	$32.95 per trade for representative-assisted trades.	$25.00 service charge
Customer Service	(800) 343-3548	24/7
Inactivity Fee	$0	None
Maintenance Fee	$0 account service fee	$0
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.	Yes
Mobile App		Yes
Desktop App	Active Trader Pro (requires you trade 36 times or more in a rolling 12 month period)	Yes
Futures Trading		$1.50 per contract
Locations	More than 180	300 locations
Online Community		Yes
Seminars		Yes
Virtual Trading		No
	CreditDonkey® Reviews
Stock Trading
Options Trading
Mutual Fund Trading
Banking
Mobile App
Commissions and Fees
Research
Online Platform
Ease of Use
Pros & Cons	Pros: Research reports Beginner-friendly tools Mobile app Cons: Restricted platform	Pros: 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
Bottom Line	Comprehensive online broker with in-depth research... Read full review	Good choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research... Read full review
	Commission-Free Trading - Online Stock, ETF and Option Trades	$0 Commissions on Online Stock, ETF, and Options Trades 500 Commission-Free Online and Options Trades New Schwab Client - $100 Bonus
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 07/11/2020. Charles Schwab: Pricing information from published websites as of 07/10/2020.

Which is Better: Fidelity or Charles Schwab?

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

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

Articles on Fidelity

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.

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.