Online brokerage services have existed for over 20 years. Trading investments today has never been cheaper. So while the race towards cheap trades (in some cases free) is happening, other functionality is becoming more important when selecting a stock broker.
For this review, I compare Fidelity Investments and TD Ameritrade. Which one is better depends on your needs? So let's examine the major features first.
We've determined with online brokerages the most critical feature customers care about is the cost per trade. The second most important feature is the minimum deposit, and the last is if the broker offers mutual funds. Let's look at how Fidelity Investments and TD Ameritrade stack up against each other on these points.
To start, we will consider the minimum investment required for both applications. In other words, how much does one need to invest to use the service? Both Fidelity Investments and TD Ameritrade have the same minimum of $0. So they are equal in this requirement.
Next I'll consider cost per trade for both brokers. Both Fidelity Investments and TD Ameritrade cost the same at $0.00/trade and are equal in price.
Both Fidelity Investments and TD Ameritrade offer mutual funds. So this feature isn't a clear difference between the stock brokers.
Compare & Alternatives
|Commissions & Fees||/10||/10|
|Ease of Use||/10||9/10|
|Tools & Resources||/10||/10|
|Amount of Deals||/10||10/10|
|Accounts||Taxable, Joint, Traditional IRA, Roth IRA, Rollover IRA, SEP IRA, SIMPLE IRA, 401(k), Solo 401(k), Trusts, Limited Partnerships, Partnerships, Coverdell, 529, Custodial, Non-Profit, Annuities, Checking, Savings, Money Market, CDs||Taxable, Joint, Traditional IRA, Roth IRA, Rollover IRA, SEP IRA, SIMPLE IRA, 401(k), Solo 401(k), Trusts, Limited Partnerships, Partnerships, Coverdell, 529, Custodial, Non-Profit, Annuities, Checking, Savings, Money Market, CDs|
|Access||Web Based, iPhone App, Apple Watch, Android App, BlackBerry App||Web Based, iPhone App, Apple Watch, Android App, BlackBerry App|
|Broker Assisted Trade||$||$25|
|No Fee ETFs||300|
|Customer Service||Phone: 24/7; Text: 24/7; Live Chat: 24/7; Email|