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Fidelity vs Charles Schwab

Fidelity is a cash management account with a decent APY. 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
$0 commission on U.S. stocks and ETFs
Options Trading
$0.65 per contract
$0 + $0.65 per contract
Annual Fee
None
 
Cryptocurrency Trading
$0
 
Minimum Deposit 
$0
Mutual Fund Trading
Yes
$0 for no-transaction-fee funds $49.95 for all other funds
Commission Free ETFs 2,000+ across asset classes and fund companies, $0 commission through Schwab ETF OneSourceā„¢.
Broker Assisted Trades 
$25.00 service charge
Inactivity Fee
$0
None
Maintenance Fee
$0
$0
Banking
No
Yes
Mobile App
Yes
Yes
Desktop App 
Yes
Futures Trading 
$2.25 per contract
Customer Service 
24/7
Locations 
300 locations
Online Community 
Yes
Seminars 
Yes
Virtual Trading 
No
 

CreditDonkey® Reviews

SavingsStarStarStarEmpty StarEmpty Star
FeesStarStarStarStarStar
Mobile AppStarStarStarStarEmpty StarStarStarStarHalf StarEmpty Star
Customer ServiceStarStarStarStarEmpty Star
Stock TradingStarStarStarStarHalf Star
Options TradingStarStarStarHalf StarEmpty Star
Mutual Fund TradingStarStarStarStarEmpty Star
Online PlatformStarStarStarStarStar
BankingStarStarStarStarStar
Commissions and FeesStarStarStarEmpty StarEmpty Star
Ease of UseStarStarStarStarEmpty Star
ResearchStarStarStarStarStar
Pros & ConsPros:
  • $0 monthly service fee
  • No minimum balance
  • Free debit card
Cons:
  • Relatively low APY
  • Few physical branches
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 LineCash management account with a decent APY... Read full reviewGood choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive 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.

Fidelity: Pricing information from published website as of 11/22/2023.

Charles Schwab: Pricing information from published websites as of 11/14/2021.

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 Robinhood.


Articles on Fidelity

Fidelity High Yield Savings

Fidelity boasts an all-around account with no fees and a decent APY. But there's even more to discover. Keep reading.

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.

Which Do You Think is Best?





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About CreditDonkey
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