Are you confused about whether to choose Charles Schwab vs Fidelity as a broker for your investing needs?
In this side-by-side comparison, we analyse Charles Schwab vs Fidelity to help you understand how these apps compare on some of the most common features and make a better-informed decision about the best broker for you.
Below, you’ll find the pros and cons of each broker, as well as a comparison table that features the different fees charged, the financial instruments supported, the regulation, and more. Keep reading!
Charles Schwab vs Fidelity investments: In a Nutshell
all account types (US investors only)
Founded in 1971, Charles Schwab Corporation, commonly known as Schwab, is a leading American brokerage and banking company.
It pioneered the concept of discount brokerage, offering commission-free online trades and providing access to a vast selection of investment options.
Moreover, Schwab operates as a full-service bank, providing a range of banking products such as checking accounts, savings accounts, mortgages, and loans.
Zero expense ratio index funds
Fidelity Investments is a prominent investment broker known for its comprehensive range of financial services.
The company offers multiple trading platforms, including Fidelity.com and Active Trader Pro, providing clients with a diverse set of tools and resources to manage their investments.
The company provides commission-free trades for stocks, ETFs, and options, making it an attractive option for cost-conscious investors.
Pros and Cons
Charles Schwab
Pros
- 0% commissions on stocks and ETFss
- Accoun types: Individual, joint, IRAs, education savings accounts, 529 education accounts, SEP IRA and solo 401(k)
- Excellent research tools
- Acess to fractional shares
- Large selection of mutual funds
- No minimum account
Cons
- No direct investing in Crypto (only through futures, ETFs, etc)
- No access to European stocks
Fidelity investments
Pros
- 0% commission for online US stocks, ETFs and options
- Customersupport available 24/7
- Participate in new stocks at the IPO price
- Fractional shares
- Reliable investing tools
Cons
- No futures or commodities
- Designed mostly for US residents
- overall fees above industry average
Charles Schwab vs Fidelity investments: Side-by-side Comparison
- General Information
- Founded in
- Demo Account
- Account Minimum
- Interest on unninvested cash (annually)
- Products
- Stocks
- ETFs
- Bonds
- Funds
- Options
- Futures
- CFDs
- Leverage Products
- Forex
- Cryptocurrencies
- Commodities
- Fees
- US stocks
- EU stocks
- ETFs
- Cryptocurrencies
- Custody Fee
- Inactivity Fee
- Withdrawal Fee
- Connectivity Fee
- Currency Conversion Fee
- Security
- Regulators
- Investor Compensation Scheme(per person, per institution)
Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.
