Are you confused about whether to choose Fidelity vs TD Ameritrade as a broker for your investing needs?
In this side-by-side comparison, we analyse Fidelity vs TD Ameritrade 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!
Fidelity investments vs TD Ameritrade: In a Nutshell
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.
US traders looking for an all-in-one solution
TD Ameritrade is an established online broker with a strong presence in the United States, offering 0% commissions on stocks, ETFs and options.
One of the key advantages of TD Ameritrade is its robust trading platform, thinkorswim. This platform offers advanced charting capabilities and customizable layouts.
TD Ameritrade prides itself on its exceptional customer service, offering 24/7 support via phone, email, and live chat, including a network of physical branches throughout the United States.
Pros and Cons
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
TD Ameritrade
Pros
- 0% commissions on stocks, ETFs and options
- No minimum deposit
- Good research and educational tools
- Excellent customer support
- Wide investment selection
Cons
- No fractional shares
- The only available market is the US
- No credit/debit cards for deposit/withdrawals
Fidelity investments vs TD Ameritrade: 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.
