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 | |
|---|---|---|
Get a Free Stock (worth between $5 and $200) - | Commission-Free Trading - Online Stock, ETF and Option Trades - | |
Benefits and Features | ||
| Stock Trading | ||
| Options Trading | $0 per online trade, plus $0.65 per contract | |
| Annual Fee | ||
| Cryptocurrency Trading |  | |
| Minimum Deposit | ||
| Mutual Fund Trading |
| |
| Commission Free ETFs | All U.S. listed ETFs | 357 including 28 Fidelity factor, sector, stock, and bond ETFs and 329 iShares® ETFs |
| 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. | |
| 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 | | |
| Two-Factor Authentication | ||
| 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 | | |
| Minimum Deposit | | |
| Customer Service | | |
| Mobile App | | |
| Commissions and Fees | | |
| Ease of Use | | |
| Research | | |
| Mutual Fund Trading |  | |
| Banking | | |
| Pros & Cons | Pros:
| Pros:
|
| Bottom Line | Free way to trade stocks with limited bells and whistles... | Comprehensive online broker with in-depth research... |
| | |
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. | ||
Commission-Free Options Investing
Robinhood offers commission-free and no monthly fee options trading.
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 eToro.
In short: Robinhood's stock trading and commissions and fees are impressive. Fidelity's research is excellent.
Articles on Robinhood
Robinhood Review
Robinhood lets you trade stocks commission-free and has no account minimums. Is it safe? Are there hidden fees? Read on for the pros and cons.
Robinhood Alternatives
When it comes to buying stocks online, many think of Robinhood first. But how do other apps compare? Is there a better commission fee-free app?
Buy Bitcoin on Robinhood or Coinbase Pro
Robinhood and Coinbase Pro are two of the biggest names in retail investing and crypto trading. But which is best for buying Bitcoin?
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.
Which Do You Think is Best?
You Might Also Like
Is Ally Invest Good For Beginners
Ally Invest is a popular fee-free online brokerage. Is it good for beginners? Read on.
How to Buy Stocks Online
So you want to know how to buy stocks online but have questions. How to start? Are the fees high? Is it safe? This detailed guide will help.
M1 Finance Alternatives
M1 Finance is a popular app for fee-free investing. But is there a better option for you? Find out in this detailed guide to M1 Finance alternatives.
How to Invest as a College Student
Not sure how to invest as a college student? Check out this guide to find 6 solid investments for college students to invest in for their future.
Best Trading Platform for Beginners
New to investing and having trouble choosing a broker? How do you choose a trading platform that's best for beginners?
Best Investment Accounts
Looking to open an investment account? In this list, review the best investment accounts to choose from and how to pick the right one for you.
Are Investing Apps Safe
Investing apps make it convenient to trade and manage your portfolio. But can you trust them with your money? Read on to find out if they are safe.
How to Invest in Index Funds
Index funds are a low-cost and passive way to invest. If you're afraid of picking the wrong investments, learn how index funds may be a safer option.
How to Invest in Roku
Roku is one of the most popular streaming devices. Is it right for your portfolio? Learn how to invest in Roku with as little as $1.
How to Invest in Tesla
Owning a Tesla car may be out of reach, but you can still get a part of the company by investing in Tesla stock. Learn how to invest in Tesla with a little as $1.
Next Page: Robinhood
