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'SheaApr 15, 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 attractive to you, as both brokers offer commission-free trades, quality trading platforms and strong customer service.

Fidelity
NerdWallet rating 
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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.

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 commission-free ETFs

All ETFs trade commission-free.

Number of no-transaction-fee mutual funds

More than 4,200.

Tradable securities

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

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 14 providers, including Argus, CFRA, Reuters, Vickers and Morningstar.

Customer support options (includes website transparency)

Phone 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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TD Ameritrade
Webull
Interactive Brokers IBKR Lite
NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
Fees

$0

per trade

Fees

$0

Fees

$0

per trade

Account Minimum

$0

Account Minimum

$0

Account Minimum

$0

Promotion

None

no promotion available at this time

Promotion

2 Free Stocks

after opening and funding an account.

Promotion

None

no promotion available at this time