Fidelity vs. Robinhood: 2021 Comparison

Fidelity and Robinhood both offer commission-free trades. But Robinhood is a streamlined trading app, while Fidelity offers several platforms and a larger investment selection.

Arielle O'SheaMay 7, 2021
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Although Robinhood is typically thought of as a beginner-friendly investing app, Fidelity actually earned the title of Best Broker for Beginning Investors and the Best App for Investing in NerdWallet's 2021 Best-Of Awards. Robinhood may have an easier, quicker sign-up process, and its user experience is definitely built for a mobile-first generation, but Fidelity has several offerings you won't find at Robinhood: expense-ratio-free index funds, strong customer service, a large selection of research providers and retirement accounts, to name a few.

Fidelity
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Fidelity Investments is best for:

  • Retirement investors.

  • Active traders.

  • Premium research.

  • Low fees.

  • Commission-free stock, ETF and options trading.

Fidelity Investments 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 commission-free ETFs

All ETFs trade commission-free.

Number of no-transaction-fee mutual funds

More than 3,400 no-transaction-fee mutual funds.

Tradable securities

• Stocks

• Fractional shares

• Bonds

• Mutual funds

• ETFs

• Options

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 website transparency)

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

Robinhood
NerdWallet rating 

on Robinhood's website

Robinhood is best for:

  •  Mobile users.

  • Individual taxable accounts.

  • Margin accounts.

  • Cryptocurrency.

Robinhood at a glance

Account minimum

$0 for brokerage account and for Robinhood Gold account; $2,000 for a margin account (regulatory minimum).

Stock trading costs

$0.

Options trades

$0.

Account fees (annual, transfer, closing, inactivity)

No annual, inactivity or ACH transfer fees. $75 ACAT outgoing transfer fee. (Robinhood Gold costs $5 a month.)

Tradable securities

• Stocks. • ETFs. • Options. • Cryptocurrency. • American Depositary Receipts for over 250 global companies.  • Fractional shares

Number of commission-free ETFs

All available ETFs trade commission-free.

Number of no-transaction-fee mutual funds

None.

Trading platform

Web platform is purposely simple but meets basic investor needs.

Mobile app

Mobile trading platform includes customizable alerts, news feed, candlestick charts and ability to listen live to earnings calls.

Research and data

News available from WSJ Markets, Reuters, Barron's, CNBC Business and Cheddar. Gold members have access to research from Morningstar, Nasdaq, Nasdaq Totalview level II Market Data for an additional $5 per month.

Customer support options (includes website transparency)

Email and social media.

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SoFi Active Investing
NerdWallet rating 
NerdWallet rating 
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Fees

$0

per trade

Fees

$0

per trade

Fees

$0

per trade

Account Minimum

$0

Account Minimum

$0

Account Minimum

$0

Promotion

None

no promotion available at this time

Promotion

None

no promotion available at this time

Promotion

$5 to $1,000

in free stock for users who sign up via mobile app