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E*TRADE vs Fidelity

E*TRADE is an online broker with one of the best user interfaces. How does it compare to Fidelity? Read our comparison chart below.

E*TRADE offers stock trades at $0 per trade. There is a $500 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 E*TRADE with Fidelity, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 

E*TRADE

Fidelity

SPECIAL OFFER
Learn more about E*TRADE - Learn More

Read E*TRADE Review

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

Read Fidelity Review

 

Benefits and Features

Stock Trading
$0 per trade
$0 per trade
Options Trading
  • $0 per trade + $0.65 per contract
  • $0 per trade + $0.50 per contract if you make 30+ trades a quarter
$0 per online trade, plus $0.65 per contract
Annual Fee 
None
Cryptocurrency Trading 
No
Minimum Deposit$500 for brokerage accounts; No account minimum for retirement accounts
$0
Mutual Fund Trading$0 for no-load, no-transaction-fee funds; $19.99 for transaction-fee funds
  • $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
250+
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 + Regular Commission
$32.95 per trade for representative-assisted trades.
Customer Service
800-387-2331
 
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)
BankingChecking account offers no minimum balance requirements, free online bill pay, and unlimited debit card and check transactions.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 AppE*TRADE Pro (requires you execute at least 30 trades during a calendar quarter or maintain brokerage account balance of at least $250,000) 
Two-Factor Authentication 
Yes
Futures Trading$1.50 per contract, per side + fees (excluding bitcoin futures) 
Locations 
More than 180
Online Community 
Yes, it has a investor forum
Seminars Yes, frequent webinars and courses for beginners
Virtual Trading 
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

Stock TradingStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Options TradingStarStarStarStarEmpty StarStarStarStarStarEmpty Star
BankingStarStarStarEmpty StarEmpty StarStarStarStarStarStar
Mobile AppStarStarStarStarStarStarStarStarStarEmpty Star
Commissions and FeesStarStarStarHalf StarEmpty StarStarStarStarStarEmpty Star
Ease of UseStarStarStarStarStar
Online CommunityStarStarStarStarEmpty Star
ResearchStarStarStarStarEmpty StarStarStarStarStarStar
Trading PlatformStarStarStarStarStar
Mutual Fund TradingStarStarStarStarHalf Star
Pros & ConsPros:
  • Expansive set of resources and tools
  • Easy to use website
  • Industry leader
Cons:
  • Trade fees
Pros:
  • Research reports
  • Beginner-friendly tools
  • Mobile app
Cons:
  • Restricted platform
Bottom LineOnline broker with one of the best user interfaces... Read full reviewComprehensive online broker with in-depth research... Read full review

Learn more about E*TRADE

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.

E*TRADE: Pricing information from published website as of 12/05//2020.

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

Which is Better: E*TRADE or Fidelity?

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

In short: E*TRADE's mobile app is outstanding. Fidelity's banking and research are excellent.


Articles on E*TRADE

E*TRADE

E*TRADE is a highly well-known name, but does that mean it is better than its competitors? Read our in-depth review and see how it compares.

Articles on Fidelity

Fidelity Investments

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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