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	None
Cryptocurrency Trading	$0	No
Minimum Deposit	$0	$0
Mutual Fund Trading	Yes	$0 for funds from Schwab Mutual Fund OneSource and up to $74.95 per purchase for all other funds
Commission Free ETFs		2,000+ across asset classes and fund companies, $0 commission through Schwab ETF OneSource™.
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
Trading Platform	Desktop, Web Trading, Mobile Apps	Desktop, Web Trading, Mobile Apps
Virtual Trading		Yes (thinkorswim platforms)
Fractional Shares	Yes
	CreditDonkey® Reviews
Savings
Fees
Mobile App
Customer Service
Stock Trading
Options Trading
Mutual Fund Trading
Online Platform
Banking
Commissions and Fees
Ease of Use
Research
Pros & Cons	Pros: $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 Line	Cash management account with a decent APY... 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 Cash Management Account	$0 Commissions on Online Stock, ETF, and Options Trades 500 Commission-Free Online and Options Trades Schwab's Referral Offer - Up to $1,000 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 07/05/2024. Charles Schwab: Pricing information from published websites as of 05/21/2025.

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.

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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.