E*TRADE vs. Fidelity: 2022 Comparison

Both E*TRADE and Fidelity will appeal to investors of all types, including active traders and retirement savers.

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If you're considering opening a brokerage account at E*TRADE or Fidelity, you should know there's no wrong choice: Both brokers offer competitive features for investors, including quality trading platforms, commission-free trading of stocks and exchange-traded funds and a wide selection of no-transaction-fee mutual funds.

While Fidelity edges out E*TRADE slightly in our analysis of customer support and research and data, E*TRADE excels in other areas, including offering a wider selection of tradable securities and volume discounts on options trades that make it the lower-cost broker for options traders. Here's a direct comparison of the two brokers:

E*TRADE
NerdWallet rating 

on E*TRADE's website

E*TRADE is best for:

  • Frequent traders.

  • Beginner investors.

  • Research and data.

  • Retirement planning assistance.

E*TRADE at a glance

Account minimum

$0

Stock trading costs

$0

Options trades

No base commission; $0.65 per contract (volume discount available)

Account fees (annual, transfer, closing, inactivity)

No annual or inactivity fee. $75 full transfer out fee; $25 partial

Number of no-transaction-fee mutual funds

Over 4,700

Tradable securities

• Stocks • Bonds • Mutual funds • ETFs • Options • Futures

Trading platform

Two platforms available for free to all customers: • E-Trade Web • Power E-Trade

Mobile app

Two apps: • E*TRADE mobile • Power E*TRADE Available on iOS and Android.

Research and data

Free and extensive, with 10 external providers available at no cost.

Customer support options (includes how easy it is to find key details on the website)

Phone, email and chat support 24/7; 29 local and 2 national branches

Fidelity
NerdWallet rating 

on Fidelity's website

Fidelity is best for:

  • Frequent traders.

  • Beginner investors.

  • Research and data.

  • Retirement planning assistance.

Fidelity at a glance

Account minimum

$0.

Stock trading costs

$0.

Options trades

No base commission; $0.65 per contract.

Account fees (annual, transfer, closing, inactivity)

None.

Number of no-transaction-fee mutual funds

More than 3,300 no-transaction-fee mutual funds.

Tradable securities

• Stocks. • Bonds. • Mutual funds. • ETFs. • Fractional shares. • Options. • FOREX.

Trading platform

Fidelity.com and Active Trader Pro. Both free for all customers.

Mobile app

Available for iOS and Android; advanced features.

Research and data

Free and extensive.

Customer support options (includes how easy it is to find key details on the website)

Phone, email and live chat 24/7; more than 200 local branches.

Want to compare more options? View our full list of the best online brokers.

Methodology

How do we review brokers?

NerdWallet’s comprehensive review process evaluates and ranks the largest U.S. brokers by assets under management, along with emerging industry players. Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgements on which ones will best meet your needs. We adhere to strict guidelines for editorial integrity.

We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations. The questionnaire answers, combined with demonstrations, interviews of personnel at the providers and our specialists’ hands-on research, fuel our proprietary assessment process that scores each provider’s performance across more than 20 factors. The final output produces star ratings from poor (one star) to excellent (five stars).

For more details about the categories considered when rating brokers and our process, read our full methodology.

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