Compare Fidelity vs Firstrade


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

Fidelity vs Firstrade
overall rating
4.8
4.5
overall pros
  • Solid research tools
  • Great web trading platform
  • US and international stocks
  • Free stock, ETF, fund, and options trading
  • Solid research tools
  • Quality educational tools
overall cons
  • Not fully digital account opening
  • High mutual fund fees
  • High financing rates
  • No credit/debit cards and electronic wallets for money transfer
  • You can trade only on US markets
  • No live chat and 24/7 availability
fees
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
4.5
  • Low trading fees
  • Low non-trading fees
  • Free stock, ETF, fund and options trading
  • High margin rates
account opening
2.9
  • No minimum deposit
  • User-friendly
  • Not fully digital
4.4
  • Fully digital
  • No minimum deposit
  • Low minimum deposit
  • Slow account verification
deposit and withdrawal
3.8
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
  • Credit/Debit card not available
  • $10 for outgoing wire transfers
1.8
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • High outgoing wire transfer fee
web trading platform
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
4.3
  • User-friendly
  • Clear fee report
  • Good search function
  • No two-step (safer) login
mobile trading platform
4.5
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
3.3
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
  • No price alerts
  • Mutual funds and bonds are not covered
desktop trading platform
3.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
markets and products
3.9
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Robo-advisory
2.8
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
research
3.8
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • News flow quality could be better
4.8
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
customer service
3.9
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
  • Slow live chat
2.9
  • Phone support
  • Relevant answers
  • No live chat
  • No 24/7 support
education
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
3.5
  • Trading platform tutorial
  • Educational videos
  • No demo account
  • 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
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Investors and traders looking for solid research and great trading platforms Beginners and investors looking for zero-commission trading, focusing on the US market
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