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Fidelity vs Vanguard

Fidelity is a comprehensive online broker with in-depth research. How does it compare to Vanguard? 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 Vanguard offers $0 commission on stock and ETF online trades, $0 commission on Vanguard mutual funds, and no minimum deposit.

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

 

Fidelity

Vanguard

SPECIAL OFFER
Commission-Free Trading - Online Stock, ETF and Option Trades - Learn More

Read Fidelity Review

Norton Internet Security 60-day free subscription - Learn More

Read Vanguard Review

 

Benefits and Features

Stock Trading
$0 per trade
$0
Options Trading$0 per online trade, plus $0.65 per contract$0 + $1-per-contract fee. Discounts available if you have more than $1 million assets invested in Vanguard ETFs and mutual funds
Annual Fee
None
 
Cryptocurrency Trading
No
 
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 Vanguard mutual funds
Commission Free ETFs357 including 28 Fidelity factor, sector, stock, and bond ETFs and 329 iShares® ETFsAround 1,800 ETFs from about 100 other companies
Phone Support
(800) 343-3548; available 24/7
 
Live Chat Support
No
 
Email Support
Yes
 
Human AdvisorsOptional coaching or investment management with human advisors (for added fees) 
Robo AdvisorOptional Fidelity Go robo-advisory service 
Assets Under Management
$4.9 Trillion
 
Tax Loss Harvesting
No
 
Goal Tracker
Yes
 
Automatic Deposits
Yes
 
Broker Assisted Trades$32.95 per trade for representative-assisted trades.
$25.00
Customer Service 
Monday-Friday 8am -10pm ET
Good ForMore experienced DIY investors; Mutual fund investors 
Inactivity Fee
$0
$0
Maintenance Fee
$0 account service fee
$20/year. Waived if account owner signs up for e-delivery service OR have at least $10,000 in Vanguard ETFs and mutual funds
Online PlatformYes (access to Active Trader Pro is available to those who trade 36 times or more in a rolling 12 month period) 
iPhone App
Yes (4.8 stars, 1.7m ratings)
 
Android App
Yes (4.5 stars, 97k ratings)
 
BankingFidelity Cash Management Account includes reimbursed ATM fees, no monthly fee, no minimum balance requirement, FDIC insurance, mobile check deposit, free billpay and free checkwriting.
No
Mobile App
Check
Yes
Desktop App 
Yes
Two-Factor Authentication
Yes
 
Forex Trading 
Yes
Futures Trading 
No
Locations
More than 180
No
Online Community
Yes, it has a investor forum
No
SeminarsYes, frequent webinars and courses for beginners
Yes
Virtual Trading
No
No
Fractional Shares
Yes
 
Taxable Accounts
Yes
 
401k Plans
Yes
 
IRA Accounts
Yes
 
Roth IRA Accounts
Yes
 
SEP IRA Accounts
Yes
 
Trust Accounts
Yes
 
529 Plans
Yes
 
 

CreditDonkey® Reviews

Stock TradingStarStarStarStarEmpty StarStarStarStarEmpty StarEmpty Star
Options TradingStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Mutual Fund TradingStarStarStarStarHalf StarStarStarStarStarStar
BankingStarStarStarStarStar
Mobile AppStarStarStarStarEmpty StarStarStarStarEmpty StarEmpty Star
Commissions and FeesStarStarStarStarEmpty StarStarStarStarStarEmpty Star
ResearchStarStarStarStarStarStarStarStarHalf StarEmpty Star
Ease of UseStarStarStarStarStar
Pros & ConsPros:
  • Research reports
  • Beginner-friendly tools
  • Mobile app
Cons:
  • Restricted platform
Pros:
  • Large selection of mutual funds and commission-free ETFs
  • Broker assistance is available at no additional cost
  • Easy to use
Cons:
  • Commission structure penalizes frequent traders
  • Customer service wait times
  • Commission costs on non-Vanguard investment options
Bottom LineComprehensive online broker with in-depth research... Read full reviewGood choice for ETF and mutual fund investors interested in Vanguard-sponsored investments... 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 12/05/2020.

Vanguard: Pricing information from published websites as of 09/15/2019.

Which is Better: Fidelity or Vanguard?

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 stock trading, mobile app, and research are notable. In particular, the research is excellent.


Articles on Fidelity

Fidelity Investments

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 Vanguard

Vanguard Brokerage Review

Vanguard Brokerage may be a full-service broker, but typically long-term investors preferring ETFs and mutual funds see the greatest return on their investment with them.

Which Do You Think is Best?





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About CreditDonkey
CreditDonkey is a personal finance comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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