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Fidelity Investments vs. TD Ameritrade

Oct. 28, 2020
Brokers, Investing
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own.

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.

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 3,500 no-transaction-fee mutual funds.
Tradable securities

• Stocks.
• Bonds.
• Mutual funds.
• ETFs.
• Options.
Trading platform

Fidelity.com and Active Trader Pro for desktop and browser. 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; 197 local branches. Some information is difficult to find on website.
Promotion

None.

» Read our full review of Fidelity

TD Ameritrade is best for:

  • Beginner investors.
  • Advanced traders.
  • Investor education/advice.
  • Commission-free trades.
  • 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.
Commission-free ETFs

All ETFs trade commission-free.
Number of no-transaction-fee mutual funds

More than 4,100.
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 web, TD Ameritrade Mobile (iOS only), TDA Mobile Trader (companion to thinkorswim platform).
Research and data

Free and extensive.
Customer support options (includes website transparency)

Phone support 24/7; technical phone support Monday - Friday, 7 a.m. to 6 p.m. Eastern. 364 local branches. Support also available via text, Facebook Messenger, Twitter direct message, Apple Business Chat and Amazon Alexa.
Promotion
None.

Which is right for you: TD Ameritrade or Fidelity?

Again, both of these brokers are among our most highly rated. You can also compare them against others in our roundup of the best online brokers for stock trading.

Ultimately it will come down to factors or features that are particularly attractive to you. Regardless of which you select, the winning choice is the decision to invest toward building your future wealth.

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