Interactive Brokers vs Fidelity
Interactive Brokers is a good discount broker for experienced, high volume traders. . How does it compare to Fidelity? Read our comparison chart below.
Interactive Brokers offers trades starting at just 0.5 cents per share. It also offers a tiered pricing plan that awards high volume traders with even lower rates. There is a $10,000 opening account minimum ($3,000 for clients 25 and younger). There is a monthly activity fee unless required commission minimums are met.
While Fidelity offers stock trades at $0 per trade and more than 180 branch locations. There is no minimum deposit.
Compare Interactive Brokers with Fidelity, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
Interactive Brokers | Fidelity | |
---|---|---|
Referral Program - $200 Bonus - | Commission-Free Trading - Online Stock, ETF and Option Trades - | |
Benefits and Features | ||
Stock Trading | IBKR Lite: $0 per share (min $0 per order) IBKR Pro - Fixed: $0.0005 per share (min $1.00 per order, max 1.0% of trade value) IBKR Pro - Tiered: Starts at $0.0035 per share for less than 300,000 shares (min $0.35 per order, max 1% of trade value) | |
Options Trading | $0.15-$0.65 per contract ($1 minimum per order) | |
Annual Fee | ||
Cryptocurrency Trading | 0.12% to 0.18% of trade value ($1.75 minimum per order) | |
Minimum Deposit | ||
Mutual Fund Trading | $0 for no-transaction-fee funds. For transaction-fee funds, 3% trade value OR $14.95, per transaction, whichever is less | |
Commission Free ETFs | ||
Broker Assisted Trades | ||
Inactivity Fee | ||
Maintenance Fee | ||
Banking | ||
Mobile App | ||
Desktop App | ||
Forex Trading | Available for qualified customers | |
Futures Trading | ||
Customer Service | United States: Monday-Friday 8am - 10pm ET; Sunday 1pm - 7pm ET (24/7 Weekday service available in other countries) | |
Locations | ||
Online Community | ||
Seminars | ||
Trading Platform | Desktop, Web Trading, Mobile Apps | Desktop, Web Trading, Mobile Apps |
Virtual Trading | ||
CreditDonkey® Reviews | ||
Stock Trading | ||
Options Trading | ||
Mutual Fund Trading | ||
Online Platform | ||
Banking | ||
Mobile App | ||
Commissions and Fees | ||
Ease of Use | ||
Research | ||
Savings | ||
Fees | ||
Customer Service | ||
Pros & Cons | Pros:
| Pros:
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Bottom Line | Good discount broker for experienced, high volume traders... | Cash management account with a decent APY... |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Interactive Brokers: Pricing information from published websites as of 10/17/2023. Fidelity: Pricing information from published website as of 07/05/2024. |
Which is Better: Interactive Brokers or Fidelity?
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Interactive Brokers or Robinhood.
In short: Interactive Brokers' mobile app is outstanding.