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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
 Visit SiteLearn More
 

Robinhood

Fidelity

OFFER
Get a Free Stock (worth between $2.50 and $225) - 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 FeeAll trades are commission-free. No platform fees.
None
Cryptocurrency Trading
Check
No
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 ETFsAll U.S. listed ETFs357 including 28 Fidelity factor, sector, stock, and bond ETFs and 329 iShares® ETFs
Phone Support
No
(800) 343-3548; available 24/7
Live Chat Support
No
No
Email Support
Yes
Yes
Human Advisors
No
Optional coaching or investment management with human advisors (for added fees)
Robo Advisor
No
Optional Fidelity Go robo-advisory service
Assets Under Management
$80 Billion
$4.9 Trillion
Tax Loss Harvesting
No
No
Goal Tracker
No
Yes
Automatic Deposits
Yes
Yes
Broker Assisted Trades
Not available
$32.95 per trade for representative-assisted trades.
Good For
Beginners; Active traders
More experienced DIY investors; Mutual fund investors
Inactivity Fee
$0
$0
Maintenance Fee
$0
$0 account service fee
Online Platform
Yes
Yes (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 stars, 3.2m ratings)
Yes (4.8 stars, 1.7m ratings)
Android App
Yes (1.4 stars, 360k ratings)
Yes (4.5 stars, 97k ratings)
BankingNo service fees for Robinhood Cash Management account. Free debit card with no in-network ATM fees or foreign transaction feesFidelity 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
Yes
Check
Two-Factor Authentication
Yes
Yes
Locations
No
More than 180
Online Community
No
Yes, it has a investor forum
Seminars
No
Yes, frequent webinars and courses for beginners
Virtual Trading
No
No
Fractional Shares
Yes
Yes
Taxable Accounts
Yes
Yes
401k Plans
No
Yes
IRA Accounts
No
Yes
Roth IRA Accounts
No
Yes
SEP IRA Accounts
No
Yes
Trust Accounts
No
Yes
529 Plans
No
Yes
 

CreditDonkey® Reviews

 Robinhood
Stock TradingStarStarStarStarStarStarStarStarStarEmpty Star
Options TradingStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Minimum DepositStarStarStarStarStar
Customer ServiceStarEmpty StarEmpty StarEmpty StarEmpty Star
Mobile AppStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Commissions and FeesStarStarStarStarStarStarStarStarStarEmpty Star
Ease of UseStarStarStarStarStar
ResearchStarEmpty StarEmpty StarEmpty StarEmpty StarStarStarStarStarStar
Mutual Fund TradingStarStarStarStarHalf Star
BankingStarStarStarStarStar
Pros & ConsPros:
  • 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 LineFree way to trade stocks with limited bells and whistles... Read full reviewComprehensive online broker with in-depth research... Read full review
 Visit SiteLearn More

Commission-Free Trading - Online Stock, ETF and Option Trades

Robinhood: Pricing information from published websites as of 04/18/2020.

Fidelity: Pricing information from published website as of 12/05/2020.

Robinhood

Commission-Free Trades

Trade stocks, funds, options, and cryptocurrencies

Robinhood

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

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.

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?

Robinhood Alternatives

When it comes to buying stocks online, many think of Robinhood first. But how do other apps compare? Review these popular Robinhood alternatives.

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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