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 | |
Minimum Deposit | ||
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. | |
Customer Service | ||
Inactivity Fee | ||
Maintenance Fee | ||
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 | Active Trader Pro (requires you trade 36 times or more in a rolling 12 month period) | |
Futures Trading | ||
Locations | ||
Online Community | ||
Seminars | ||
Virtual Trading | ![]() | |
CreditDonkey® Reviews | ||
Stock Trading | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Options Trading | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Mutual Fund Trading | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Banking | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Mobile App | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Commissions and Fees | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Research | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Online Platform | ![]() ![]() ![]() ![]() ![]() | |
Ease of Use | ![]() ![]() ![]() ![]() ![]() | |
Pros & Cons | Pros:
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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 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
Articles on Charles Schwab
Charles Schwab
Which Do You Think is Best?
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