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 $2.50 and $225) - | 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 | Robinhood Cash Card (coming soon). No monthly fee, minimum balance, or overdraft fees; Ability to earn stock and crypto rewards. | 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... |
| | |
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 Ally Invest.
In short: Robinhood's stock trading and commissions and fees are impressive. Fidelity's research is excellent.
Articles on Robinhood
Robinhood Review
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Robinhood App
Thinking about trading on Robinhood? Good job on getting started investing! But first, there are 7 things you need to know before investing on Robinhood.
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?
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