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Fidelity Alternatives

Written by
Adam N.
Fact checked by
Updated
Jan 2024
Our top alternative brokers to Fidelity

The best alternatives to Fidelity are

  1. E*TRADE - US stockbroker
  2. TD Ameritrade - US-based stockbroker
  3. Charles Schwab - US discount broker
  4. Vanguard - US stockbroker

Let's see in a bit more detail how the Fidelity alternatives compare to Fidelity and each other:

Fidelity alternatives comparison
Overall score
4.7 stars 4.5 stars 4.7 stars 4.6 stars 4.3 stars
Fees score
3.5 stars 3.8 stars 3.9 stars 3.9 stars 4.1 stars
Account opening score
4.4 stars 4.4 stars 4.4 stars 5.0 stars 4.4 stars
Deposit and withdrawal score
3.8 stars 1.6 stars 1.6 stars 1.6 stars 1.8 stars
Web platform score
4.5 stars 4.5 stars 4.3 stars 4.3 stars 3.4 stars
Markets and products score
3.6 stars 2.9 stars 3.8 stars 3.1 stars 2.6 stars
Visit broker Visit broker Visit broker Visit broker Visit broker

Why are these brokers considered good alternatives to Fidelity? There are many areas based on which Fidelity can be compared with others. When we say a given online broker is a good alternative to Fidelity we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

Fidelity alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • Fidelity is recommended for investors and traders looking for solid research and great trading platforms
  • E*TRADE is recommended for investors and traders looking for solid research and a great mobile trading platform
  • TD Ameritrade is recommended for investors and traders looking for solid research and a well-equipped desktop trading platform
  • Charles Schwab is recommended for investors and traders looking for solid research, low fees and great customer service
  • Vanguard is recommended for long-term investors looking for great etf and mutual fund selection

Important factors of finding Fidelity alternatives

So far BrokerChooser has reviewed 101 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether Fidelity or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. Fidelity is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost Fidelity alternative.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you cannot make a deposit with your credit card at Fidelity, some alternatives might allow you to do that.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Fidelity alternative is a must.


Now let's dive into the details of how Fidelity and its alternatives perform in the most important areas!

E*TRADE

Recommended for investors and traders looking for solid research and a great mobile trading platform

Visit broker

E*TRADE vs. Fidelity: Trading fees
US stock
$0.0
$0.0
E*TRADE vs. Fidelity: Minimum deposit, time to open an account
Minimum deposit
$0
$0
Time to open account
1-3 days 1-3 days

If you are interested more in E*TRADE minimum deposit, this overview will help you.

E*TRADE vs. Fidelity: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
No No
Electronic wallets
No Yes
Withdrawal fee
$0
$0
Web trading platform of E*TRADE, a Fidelity alternative
E*TRADE vs. Fidelity: Trading platform scores
Web platform score
4.5 stars 4.5 stars
Mobile platform score
4.5 stars 5.0 stars
Desktop platform score
- 4.3 stars

Learn more about E*TRADE's web trading platform in the detailed E*TRADE review.

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E*TRADE vs. Fidelity: Markets and products
Stocks
Yes Yes
ETFs
Yes Yes
Forex
No No
Funds
Yes Yes
Bonds
Yes Yes
Options
Yes Yes
Futures
Yes No
CFDs
No No
Crypto
Yes
Yes

TD Ameritrade

Recommended for investors and traders looking for solid research and a well-equipped desktop trading platform

Visit broker

TD Ameritrade vs. Fidelity: Trading fees
US stock
$0.0
$0.0
TD Ameritrade vs. Fidelity: Minimum deposit, time to open an account
Minimum deposit
$0
$0
Time to open account
1-3 days 1-3 days

If you are interested more in TD Ameritrade minimum deposit, this overview will help you.

TD Ameritrade vs. Fidelity: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
No No
Electronic wallets
No Yes
Withdrawal fee
$0
$0
Web trading platform of TD Ameritrade, a Fidelity alternative
TD Ameritrade vs. Fidelity: Trading platform scores
Web platform score
4.3 stars 4.5 stars
Mobile platform score
4.8 stars 5.0 stars
Desktop platform score
4.5 stars 4.3 stars

Learn more about TD Ameritrade's web trading platform in the detailed TD Ameritrade review.

Visit broker

TD Ameritrade vs. Fidelity: Markets and products
Stocks
Yes Yes
ETFs
Yes Yes
Forex
Yes
No
Funds
Yes Yes
Bonds
Yes Yes
Options
Yes Yes
Futures
Yes No
CFDs
No No
Crypto
Yes
Yes

Charles Schwab

Recommended for investors and traders looking for solid research, low fees and great customer service

Visit broker

Charles Schwab vs. Fidelity: Trading fees
US stock
$0.0
$0.0
Charles Schwab vs. Fidelity: Minimum deposit, time to open an account
Minimum deposit
$0
$0
Time to open account
1 day 1-3 days

If you are interested more in Charles Schwab minimum deposit, this overview will help you.

Charles Schwab vs. Fidelity: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
No No
Electronic wallets
No Yes
Withdrawal fee
$0
$0
Web trading platform of Charles Schwab, a Fidelity alternative
Charles Schwab vs. Fidelity: Trading platform scores
Web platform score
4.3 stars 4.5 stars
Mobile platform score
4.2 stars 5.0 stars
Desktop platform score
4.0 stars 4.3 stars

Learn more about Charles Schwab's web trading platform in the detailed Charles Schwab review.

Visit broker

Charles Schwab vs. Fidelity: Markets and products
Stocks
Yes Yes
ETFs
Yes Yes
Forex
No No
Funds
Yes Yes
Bonds
Yes Yes
Options
Yes Yes
Futures
Yes No
CFDs
No No
Crypto
Yes
Yes

Vanguard

Recommended for long-term investors looking for great ETF and mutual fund selection

Visit broker

Vanguard vs. Fidelity: Trading fees
US stock
$0.0
$0.0
Vanguard vs. Fidelity: Minimum deposit, time to open an account
Minimum deposit
$0
$0
Time to open account
1-3 days 1-3 days

If you are interested more in Vanguard minimum deposit, this overview will help you.

Vanguard vs. Fidelity: Withdrawal options
Bank transfer
Yes Yes
Credit/debit card
No No
Electronic wallets
No Yes
Withdrawal fee
$0
$0
Web trading platform of Vanguard, a Fidelity alternative
Vanguard vs. Fidelity: Trading platform scores
Web platform score
3.4 stars 4.5 stars
Mobile platform score
4.4 stars 5.0 stars
Desktop platform score
- 4.3 stars

Learn more about Vanguard's web trading platform in the detailed Vanguard review.

Visit broker

Vanguard vs. Fidelity: Markets and products
Stocks
Yes Yes
ETFs
Yes Yes
Forex
No No
Funds
Yes Yes
Bonds
Yes Yes
Options
Yes Yes
Futures
No No
CFDs
No No
Crypto
No Yes

Fidelity

Recommended for investors and traders looking for solid research and great trading platforms

Fidelity alternatives trading fees
US stock
$0.0
$0.0
$0.0
$0.0
$0.0
UK stock
$11.3
-
-
-
-
German stock
$20.5
-
-
-
-
Fidelity alternatives minimum deposit and account open times
Minimum deposit
$0
$0
$0
$0
$0
Time to open account
1-3 days 1-3 days 1-3 days 1 day 1-3 days

Learn more about Fidelity minimum deposit here.

Fidelity and alternatives withdrawal options and fees
Bank transfer
Yes Yes Yes Yes Yes
Credit/debit card
No No No No No
Electronic wallets
Yes No No No No
Withdrawal fee
$0
$0
$0
$0
$0
Fidelity - Web trading platform
Fidelity and alternatives trading platform scores
Web platform score
4.5 stars 4.5 stars 4.3 stars 4.3 stars 3.4 stars
Mobile platform score
5.0 stars 4.5 stars 4.8 stars 4.2 stars 4.4 stars
Desktop platform score
4.3 stars - 4.5 stars 4.0 stars -

Learn more about Fidelity's web trading platform in the detailed Fidelity review.

Fidelity and alternatives markets and products
Stocks
Yes Yes Yes Yes Yes
ETFs
Yes Yes Yes Yes Yes
Forex
No No Yes
No No
Funds
Yes Yes Yes Yes Yes
Bonds
Yes Yes Yes Yes Yes
Options
Yes Yes Yes Yes Yes
Futures
No Yes Yes Yes No
CFDs
No No No No No
Crypto
Yes
Yes
Yes
Yes
No

Bottom line

Based on our analysis, there are several good alternatives to Fidelity. They all offer similar products and target similar customers. Here's a recap of the results in a table.

Fidelity alternatives
Broker intro
Recommended for
US stockbroker Investors and traders looking for solid research and great trading platforms
US stockbroker Investors and traders looking for solid research and a great mobile trading platform
US-based stockbroker Investors and traders looking for solid research and a well-equipped desktop trading platform
US discount broker Investors and traders looking for solid research, low fees and great customer service
US stockbroker Long-term investors looking for great ETF and mutual fund selection

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

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Author of this article

Adam Nasli

Financial Wizard | Trading • Safety • Market Analysis

I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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