Fidelity vs. TD Ameritrade: 2021 Comparison

Costs are nearly identically at TD Ameritrade and Fidelity, and both brokers charge no trading commission. Active traders will want to compare their platforms and investment selection.
Arielle O'SheaOct 6, 2021

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Both TD Ameritrade and Fidelity fare well in our reviews. But below, we’ll take you through a head-to-head comparison to help you decide which is the best choice for you. Ultimately it will come down to the factors that are particularly important to you, as both brokers offer commission-free trades, quality trading platforms and strong customer service.

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 3,700 no-transaction-fee mutual funds.

Tradable securities

• Stocks.

• Fractional shares.

• Bonds.

• Mutual funds.

• ETFs.

• Options.

Crypto offering

Crypto-based products are available, but not cryptocurrencies themselves.

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; 203 local branches.

TD Ameritrade
NerdWallet rating 

on TD Ameritrade's website

TD Ameritrade is best for:

  • Beginner investors.

  • Advanced traders.

  • Investor education/advice.

  • Fund investors.

TD Ameritrade 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)

No annual or inactivity fee. $75 full transfer; $0 partial transfer.

Number of no-transaction-fee mutual funds

More than 3,700.

Tradable securities

• Stocks. • Bonds. • Mutual funds. • ETFs. • Options. • Futures. • Forex. • Foreign ADRs. • IPOs for qualified accounts.

Crypto offering

No direct access to cryptocurrencies, but crypto coin trusts are available over-the-counter, and qualified clients can trade Bitcoin futures from CME.

Trading platform

Two platforms: TD Ameritrade web and thinkorswim (desktop).

Mobile app

TD Ameritrade mobile app, TDA thinkorswim app.

Research and data

Research, analysis, commentary and news available from 15 providers, including Argus, CFRA, Reuters, Vickers and Morningstar.

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

Phone, email and live chat support 24/7; technical phone support Monday - Friday, 7 a.m. to 6 p.m. Eastern. In-person at 250+ local branches. Support also available via text, Facebook Messenger, Twitter direct message, Apple Business Chat and Amazon Alexa.

» Compare more options: View our list of best online brokers for stock trading

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NerdWallet rating 
NerdWallet rating 
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Account Minimum

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