Compare Fidelity vs Interactive Brokers


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

Fidelity vs Interactive Brokers
overall rating
4.9
4.9
overall pros
  • Commission-free US stocks and ETFs
  • Great trading platforms and research
  • US and international stocks
  • Low trading fees
  • Wide range of products
  • Many great research tools
overall cons
  • High mutual fund fees and margin rates
  • Slower account verification
  • Slow live chat
  • Complicated account opening process
  • Complex desktop trading platform
  • High inactivity fee
fees
4.2
  • Free stock and ETF trading
  • Low bond fees
  • No inactivity fee
  • High fees for non-free mutual funds
  • High margin fees
4.0
  • Low trading fees
  • Free stock and ETF trading for US clients
  • Low margin rates
  • Inactivity fee
account opening
3.6
  • No minimum deposit
  • User-friendly
  • Many account types
  • Slower account verification
  • Not fully digital in some cases
3.4
  • Fully digital
  • No minimum deposit for most account types
  • Not user-friendly
  • Confusing messages throughout the process
deposit and withdrawal
3.8
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
  • Credit/Debit card not available
3.5
  • No deposit fee
  • Several account base currencies
  • First withdrawal each month free
  • Credit/Debit card not available
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
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
4.5
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
3.5
  • Two-step (safer) login
  • Good search function
  • Good variety of order types
  • User interface is a bit complex
desktop trading platform
3.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
  • Loads bit slowly
3.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • Poor search function
  • Too complex for beginners
markets and products
3.9
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Robo-advisory
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • Warrants
  • Structured Products
research
4.5
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • News flow quality could be better
3.5
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Not user-friendly
customer service
3.9
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
  • Slow live chat
4.4
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
3.9
  • Trading platform tutorial
  • Educational videos
  • Good production quality
  • Demo account is only for desktop
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Courses only available after registration
  • 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
  • Listed on stock exchange
  • Negative balance protection
  • Regulated by top-tier financial authorities
recommended for Investors and traders looking for solid research and great trading platforms Traders looking for low fees and a professional trading environment
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