Charles Schwab vs. Fidelity
Two powerhouse trading platforms for both beginner and advanced investors.
Charles Schwab and Fidelity are two well-known brokerage firms that offer similar features. Both platforms are intuitive for beginners and advanced enough for experienced investors that know their trading tools and want to customize their layout. But Schwab has a few distinct advantages over Fidelity.
Which one is better?
Charles Schwab is our choice because you can trade more securities, including futures. Plus it charges lower fees, giving investors better value. While Fidelity is an attractive option for both new and experienced investors because of its intuitive, customizable platform, Schwab offers similar comprehensive software that keeps up.
|Research and tools|
We awarded a bonus star for offering access to precious metals.
To learn how our star ratings are calculated, read the methodology at the bottom of the page.
How do Charles Schwab and Fidelity compare?
Charles Schwab is a well-known broker offering commission-free online trades, extensive research and around-the-clock phone support to a range of investors. It caters to a wide range of investors including active traders and fundamental traders.
Fidelity Investments offers a respectable mix of beginner support and advanced tools, making it a practical choice for both new and experienced investors. It offers a comprehensive lineup of tradable securities and guidance supported by stock research.
|Stock trade fee||$0||$0|
|Option trade fee||$0 + $0.65/contract|
or $25 if it is a broker-assisted trade
|$0 + $0.65/contract|
|Government bond trade fee||$1||$0|
|Corporate bond trade fee||$1||$1|
|Minimum deposit to open||$0||$25,000|
|Tools and research|
|Reputation and customer reviews|
|Apple App Store reviews|
|Google Play Store reviews|
Charles Schwab and Fidelity are two big names for brokerage accounts. Schwab may be a better option for futures traders, but choose Fidelity if you want to invest in precious metals.
Although both have comprehensive research tools and an intuitive trading platform, Schwab’s ultimately has more competitive commissions and fees.
Still undecided? Compare a few more trading platforms for self-directed investors.
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How we rate trading platforms
★★★★★ 5/5 — Excellent
★★★★★ 4/5 — Good
★★★★★ 3/5 — Average
★★★★★ 2/5 — Subpar
★★★★★ 1/5 — Poor
We analyze top online trading platforms and rate them one to five stars based on factors that are most important to you. These factors include fees, securities available for trade, customer support, customer feedback, platform resources and overall reliability.
For a complete breakdown of how we score each category, read the full methodology of how we rate trading platforms.
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