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 | |
|---|---|---|
Commission-Free Trading - Online Stock, ETF and Option Trades - | $0 Commissions on Online Stock, ETF, and Options Trades - | |
Benefits and Features | ||
| Stock Trading | $0 commission on U.S. stocks and ETFs | |
| Options Trading | $0 per online trade, plus $0.65 per contract | |
| Annual Fee | ||
| Cryptocurrency Trading | ||
| Minimum Deposit | ||
| Mutual Fund Trading |
| $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™. |
| 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. | |
| Customer Service | ||
| 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 |  | |
| Desktop App | ||
| Two-Factor Authentication | ||
| Futures Trading | ||
| Locations | ||
| Online Community | ||
| Seminars | Yes, frequent webinars and courses for beginners | |
| Virtual Trading | ||
| Fractional Shares | ||
| Taxable Accounts | ||
| 401k Plans | ||
| IRA Accounts | ||
| Roth IRA Accounts | ||
| SEP IRA Accounts | ||
| Trust Accounts | ||
| 529 Plans | ||
CreditDonkey® Reviews | ||
| Stock Trading |   |  |
| Options Trading | | |
| Mutual Fund Trading | | |
| Banking | | |
| Mobile App | | |
| Commissions and Fees | | |
| Research | | |
| Online Platform | | |
| Ease of Use | | |
| Pros & Cons | Pros:
| Pros:
|
| Bottom Line | Comprehensive online broker with in-depth research... | Good choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research... |
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 12/05/2020. 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 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.
Which Do You Think is Best?
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