Compare Charles Schwab vs Fidelity


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

Charles Schwab vs Fidelity
overall rating
4.7
4.7
overall pros
  • Free stock and ETF trading
  • Outstanding research
  • Great customer service
  • Commission-free US stocks and ETFs
  • Great trading platforms and research
  • US and international stocks
overall cons
  • High fees for some mutual funds
  • Only US/Canada markets available
  • High mutual fund fees and margin rates
  • Slower account verification
  • No crypto&futures
fees
4.4
  • Free stock/ETF trading
  • Some mutual funds and bonds are free
  • Low non-trading fees
  • High fees for non-free mutual funds
3.9
  • Free stock and ETF trading
  • Low bond fees
  • No inactivity fee
  • High fees for non-free mutual funds
  • High margin rates
account opening
4.3
  • Fast
  • Fully digital
  • No minimum deposit
  • $25,000 minimum deposit for non-US clients
3.7
  • No minimum deposit
  • User-friendly
  • Many account types
  • Slower account verification
  • Not fully digital in some cases
deposit and withdrawal
2.2
  • No deposit fee
  • User-friendly
  • High fee for wire (bank transfer) withdrawals
3.8
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
  • Credit/Debit card not available
web trading platform
4.3
  • User-friendly
  • Clear fee report
  • Price alerts
  • Limited customizability (for charts, workspace)
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
4.2
  • User-friendly
  • Touch/Face ID login
  • Order confirmation
  • No price alerts
4.5
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
desktop trading platform
4.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Only for Windows
4.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not as quick to load as competing platforms
markets and products
3.0
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Futures
3.6
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Robo-advisory
research
4.2
  • Good interactive chart
  • Data on asset fundamentals
  • Trading ideas for stocks and ETFs
  • Hard to navigate among research tools
4.4
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • News flow quality could be better
customer service
5.0
  • Phone support
  • Live chat
  • Fast response time
3.9
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
  • Slow live chat
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Not well-structured
3.9
  • Trading platform tutorial
  • Educational videos
  • Good production quality
  • Demo account is only for desktop
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Banking background
  • No negative balance protection
  • 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 Investors and traders looking for solid research, low fees and great customer service Investors and traders looking for solid research and great trading platforms
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