Robinhood vs Fidelity

Robinhood is a free way to trade stocks with limited bells and whistles. How does it compare to Fidelity? Read our comparison chart below.

Robinhood offers $0 stock trades by cutting out physical offices and manual account management. Only basic stock trading can be performed on the mobile app. There is no minimum deposit or maintenance fee, though there is an optional paid premier customer tier starting at $5/month.

While Fidelity offers stock trades at $0 per trade and more than 180 branch locations. There is no minimum deposit.

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

	Robinhood	Fidelity


	OFFER Get a Free Stock (worth between $2.50 and $200) - Learn More Read Robinhood Review	SPECIAL OFFER Commission-Free Trading - Online Stock, ETF and Option Trades - Learn More Read Fidelity Review
	Benefits and Features
Stock Trading	$0	$0 per trade
Options Trading	$0	$0 per online trade, plus $0.65 per contract
Annual Fee	All trades are commission-free. No platform fees.
Minimum Deposit	$0	$0
Mutual Fund Trading	No	$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).
Commission Free ETFs	All U.S. listed ETFs	357 including 28 Fidelity factor, sector, stock, and bond ETFs and 329 iShares® ETFs
Phone Support	No
Live Chat Support	No
Email Support	Yes
Human Advisors	No
Robo Advisor	No
Tax Loss Harvesting	No
Goal Tracker	No
Automatic Deposits	Yes
Broker Assisted Trades	Not available	$32.95 per trade for representative-assisted trades.
Customer Service		(800) 343-3548
Good For	Beginners; Active traders
Inactivity Fee	$0	$0
Maintenance Fee	$0	$0 account service fee
Online Platform	Yes
iPhone App	Yes (4 stars, 3.2m ratings)
Android App	Yes (1.4 stars, 360k ratings)
Banking	No service fees for Robinhood Cash Management account. Free debit card with no in-network ATM fees or foreign transaction fees	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)
Locations	No	More than 180
Online Community	No
Seminars	No
Virtual Trading	No
Fractional Shares	Yes
Taxable Accounts	Yes
401k Plans	No
IRA Accounts	No
Roth IRA Accounts	No
SEP IRA Accounts	No
Trust Accounts	No
529 Plans	No
	CreditDonkey® Reviews

Stock Trading
Options Trading
Mobile App
Commissions and Fees
Ease of Use
Research
Mutual Fund Trading
Banking
Pros & Cons	Pros: Commission-free trades No minimum Extended trading hours Cons: No IRAs Limited research No mutual funds & bonds	Pros: Research reports Beginner-friendly tools Mobile app Cons: Restricted platform
Bottom Line	Free way to trade stocks with limited bells and whistles... Read full review	Comprehensive online broker with in-depth research... Read full review

	Get a Free Stock (worth between $2.50 and $200) Commission-Free Trades Free Cryptocurrency Investing	Commission-Free Trading - Online Stock, ETF and Option Trades
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Robinhood: Pricing information from published websites as of 04/18/2020. Fidelity: Pricing information from published website as of 12/05/2020.

Which is Better: Robinhood or Fidelity?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Robinhood or Ally Invest.

In short: Robinhood's stock trading and commissions and fees are impressive. Fidelity's research is excellent.