Charles Schwab
Fidelity
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Investors and traders looking for solid research, low fees and great customer service
Recommended for Investors and traders looking for solid research and great trading platforms
USA
USA
Fees
Low trading and non-trading fees, high fund fees
Low trading and non-trading fees, high fund fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
1
16
Deposit type
Withdrawal type
Account opening
$0
$0
1 day
1-3 days
Proof of identity: SSN and national ID / passport / driver's license Proof of residency: bank statement / utility bill
Proof of identity: SSN / passport / national ID card / driver's license
Trading platform
Markets and products
Research, education
Great
Great
Customer service
Security
$500,000 (securities up to $500,000, cash up to $250,000)
$500,000 (securities up to $500,000, cash up to $250,000)
1971
1946
USA, UK, Hong Kong, Singapore
USA
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
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.
Charles Schwab's service is on par with Fidelity's and a comparison of their fees shows that Charles Schwab's fees are slightly lower than Fidelity's.
Account opening takes about the same effort at Charles Schwab compared to Fidelity, deposit and withdrawal processes are more complicated at Charles Schwab, while customer service quality is somewhat better than Fidelity's.
Our experts rated the trading platform of Charles Schwab as somewhat worse than the platform of Fidelity, found that clients have access to slightly less markets and products with Charles Schwab, while Fidelity provides just about the same quality of research and education.
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