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Updated: January 27, 2022

We adhere to strict standards of editorial integrity to help you make decisions with confidence. Please be aware that some (or all) products and services linked in this article are from our sponsors.

Fidelity investments logo vs. TD Ameritrade logo

Fidelity Investments vs. TD Ameritrade

moneywise / Fidelity/TD Ameritrade

🗓️

Updated: January 27, 2022

We adhere to strict standards of editorial integrity to help you make decisions with confidence. Please be aware that some (or all) products and services linked in this article are from our sponsors.

We adhere to strict standards of editorial integrity to help you make decisions with confidence. Please be aware that some (or all) products and services linked in this article are from our sponsors.

Online brokerage services have existed for over 20 years. Trading investments today has never been cheaper. So while the race towards cheap trades (in some cases free) is happening, other functionality is becoming more important when selecting a stock broker.

For this review, I compare Fidelity Investments and TD Ameritrade. Which one is better depends on your needs? So let's examine the major features first.

We've determined with online brokerages the most critical feature customers care about is the cost per trade. The second most important feature is the minimum deposit, and the last is if the broker offers mutual funds. Let's look at how Fidelity Investments and TD Ameritrade stack up against each other on these points.

To start, we will consider the minimum investment required for both applications. In other words, how much does one need to invest to use the service? Both Fidelity Investments and TD Ameritrade have the same minimum of $0. So they are equal in this requirement.

Next I'll consider cost per trade for both brokers. Both Fidelity Investments and TD Ameritrade cost the same at $0.00/trade and are equal in price.

Both Fidelity Investments and TD Ameritrade offer mutual funds. So this feature isn't a clear difference between the stock brokers.

Overall, Fidelity Investments rates 9 out of 10, while TD Ameritrade ranks 9.5 out of 10. For more information on either, you can read our full reviews on Fidelity Investments and TD Ameritrade.

Compare and alternatives

Highlights
Fidelity Investments
TD Ameritrade
Rating
4.5/5
4.5/5
Commissions and fees
4/5
5/5
Customer service
5/5
4.5/5
Ease-of-use
5/5
4.5/5
Tools and resources
4/5
4.5/5
Amount of deals
N/A
5/5
Account options
4.5/5
4/5
Promotions
Commission-free trades
Commission-free trades
Minimum investment
$0
$0
Stock trades
$0/trade
$0/trade
Options trades
$0.65/contract
$0.65/contract
Mutual funds
3,700+ no-transaction-fee mutual funds
Accounts
Taxable, Joint, Traditional IRA, Roth IRA, Rollover IRA, SEP IRA, SIMPLE IRA, Solo 401(k), Solo 401(k), Trusts, Coverdell, 529, Custodial, Annuities, Money Market, CDs
Taxable, Joint, Traditional IRA, Roth IRA, Rollover IRA, SEP IRA, SIMPLE IRA, Solo 401(k), Trusts, Limited Partnerships, Partnerships, Coverdell, 529, Custodial, Annuities, Money Market, CDs
Access
N/A
Web Based, iPhone App, Apple Watch, Android App
Broker-assisted trade
$32.95
$25
Virtual trades
No-fee ETFs
N/A
300
Customer service
Phone: 24/7; Live Chat: 24/7; Branch Office
Phone: 24/7; Text: 24/7; Live Chat: 24/7; Email
Autotrading

About our author

Larry Ludwig
Larry Ludwig, Freelance Contributor

Larry Ludwig was the founder and editor-in-chief of Investor Junkie. Investor Junkie was purchased by Moneywise in 2023. He graduated from Clemson University with a bachelor of science in computers and a minor in business.

Disclaimer

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