Compare Alpaca Trading vs Fidelity


Online brokers compared for fees, trading platforms, safety and more. See how Alpaca Trading stacks up against Fidelity!

Alpaca Trading vs Fidelity
overall rating
4.6
4.8
overall pros
  • Great API trading service
  • Free stock & ETFs
  • Fantastic charting tools
  • Solid research tools
  • Great web trading platform
  • US and international stocks
overall cons
  • Customer support limited to email
  • Limited deposit and withdrawal options
  • Only US stocks and ETFs available
  • Not fully digital account opening
  • High mutual fund fees
  • High financing rates
fees
4.9
  • Commission-Free Stock and ETF Trading
  • No inactivity fee
  • No withdrawal fee
4.1
  • Low non-trading fees
  • Free stock and ETF trading
  • Some mutual funds are free
  • High fund fees
  • Higher fees for non-free mutual funds
account opening
4.8
  • Fast
  • Fully digital
  • No minimum deposit
  • Bit complex process for integrating third-party tools
2.9
  • No minimum deposit
  • User-friendly
  • Not fully digital
deposit and withdrawal
1.8
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Only one account base currency
  • High withdrawal fee for wire transfers
3.8
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
  • Credit/Debit card not available
  • $10 for outgoing wire transfers
web trading platform
3.7
  • User-friendly
  • Two-step (safer) login
  • Modern design
  • No price alerts
  • Limited customizability
  • Limited search function
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
4.2
  • User-friendly
  • Two-step (safer) login
  • Order confirmation
  • Poor search function
  • No price alerts
  • No Touch/Face ID login
4.5
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
desktop trading platform
  • Limited order types
3.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
markets and products
2.1
  • Stock
  • ETF
3.9
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Robo-advisory
research
5.0
  • Access to highly functional API
  • Great charting tools
  • Data on asset fundamentals
  • No trading ideas
3.8
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • News flow quality could be better
customer service
1.9
  • Great Slack and community forums
  • Email support
  • No phone support
  • No live chat
  • Mediocre email support
3.9
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
  • Slow live chat
education
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No webinars
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Additional coverage by Fidelity
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Traders interested in algorithmic stock rading Investors and traders looking for solid research and great trading platforms
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