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TD Ameritrade vs Fidelity

TD Ameritrade is a good online broker for long-term investors. How does it compare to Fidelity? Read our comparison chart below.

TD Ameritrade offers $0 commission online stock, ETF, and option trades. This online broker also has more than 100 branch locations. There is no minimum deposit, no maintenance fee, and no inactivity fee.

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

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

 TD Ameritrade
 Visit SiteLearn More
 

TD Ameritrade

Fidelity

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

Read TD Ameritrade Review

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

Read Fidelity Review

 

Benefits and Features

Stock Trading$0 commission for online stock, ETF, and option trades
$0 per trade
Options Trading
$0.65 per contract
$0 per online trade, plus $0.65 per contract
Annual Fee 
None
Cryptocurrency Trading 
No
Minimum Deposit
$0
$0
Mutual Fund TradingUp to $49.95 or $74.95 for buys. $0 for sells
  • $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
550+ Commission-Free ETFs
357 including 28 Fidelity factor, sector, stock, and bond ETFs and 329 iShares® ETFs
Phone Support 
(800) 343-3548; available 24/7
Live Chat Support 
No
Email Support 
Yes
Human Advisors Optional coaching or investment management with human advisors (for added fees)
Robo Advisor Optional Fidelity Go robo-advisory service
Assets Under Management 
$4.9 Trillion
Penny Stocks
Check
 
Tax Loss Harvesting 
No
Goal Tracker 
Yes
Automatic Deposits 
Yes
Broker Assisted Trades
$25
$32.95 per trade for representative-assisted trades.
Customer Service
(800) 669-3900 (Open 24/7)
 
Good For More experienced DIY investors; Mutual fund investors
Inactivity Fee
$0
$0
Maintenance Fee
$0
$0 account service 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 
Yes (4.8 stars, 1.7m ratings)
Android App 
Yes (4.5 stars, 97k ratings)
BankingCash Management account offers free ATM withdrawals, no monthly maintenance fees, free online bill pay, and free check writing.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
Check
Check
Desktop App
Thinkorswim
 
Two-Factor Authentication 
Yes
Forex Trading
Check
 
Futures Trading$2.25 per contract (plus exchange & regulatory fees) 
LocationsMore than 100 locations in 34 states
More than 180
Online Community 
Yes, it has a investor forum
Seminars
Online webcast
Yes, frequent webinars and courses for beginners
Virtual TradingPaper Trading to practice/test strategies and ideas.
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

 TD Ameritrade
Stock TradingStarStarStarHalf StarEmpty StarStarStarStarStarEmpty Star
Options TradingStarStarStarStarEmpty StarStarStarStarStarEmpty Star
BankingStarStarStarStarEmpty StarStarStarStarStarStar
Mobile AppStarStarStarStarStarStarStarStarStarEmpty Star
Commissions and FeesStarStarStarHalf StarEmpty StarStarStarStarStarEmpty Star
Ease of UseStarStarStarStarStar
Online CommunityStarStarStarEmpty StarEmpty Star
ResearchStarStarStarStarStarStarStarStarStarStar
Trading PlatformStarStarStarStarStar
Mutual Fund TradingStarStarStarStarHalf Star
Pros & ConsPros:
  • Easy to Use
  • Thinkorswim Platform
  • Customer Service
Cons:
  • Trade Fees
Pros:
  • Research reports
  • Beginner-friendly tools
  • Mobile app
Cons:
  • Restricted platform
Bottom LineGood online broker for long-term investors... Read full reviewComprehensive online broker with in-depth research... Read full review
 Visit SiteLearn More

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.

TD Ameritrade: Pricing information from published website as of 07/18/2019.

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

TD Ameritrade: TD Ameritrade has not influenced the content of CreditDonkey. CreditDonkey may earn compensation for accounts opened at TD Ameritrade.

TD Ameritrade

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

Applies to U.S. exchange-listed stocks, ETFs, and options. A $0.65 per contract fee applies for options trades, with no exercise or assignment fees.

Which is Better: TD Ameritrade or Fidelity?

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

In short: TD Ameritrade's mobile app is impressive. Fidelity's banking is excellent.


Articles on TD Ameritrade

TD Ameritrade Review

TD Ameritrade fees are higher than competitors, but is it worth it? We say yes and here's why. We analyze and compare it for you in our in-depth review.

TD Ameritrade Customer Service

TD Ameritrade offers 24/7 customer service - both online and on the phone. But the best way to actually contact TD Ameritrade may surprise you. Read on.

Articles on Fidelity

Fidelity

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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