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Written by StockBrokers.com
August 29, 2023
Is Fidelity better than TD Ameritrade? After testing 18 of the best online brokers, our analysis finds that Fidelity (98.7%) is better than TD Ameritrade (N/A). Our top pick overall for 2023, Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools and an easy-to-use mobile app.
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Overall Rating | Fidelity | TD Ameritrade | |
---|---|---|---|
Overall | |||
Commissions & Fees | |||
Investment Options | |||
Platforms & Tools | |||
Mobile Trading Apps | |||
Research | |||
Customer Service | |||
Education | |||
Ease Of Use | |||
Winner | check_circle | ||
Review | Fidelity Review | TD Ameritrade Review |
Broker Screenshots | Fidelity | TD Ameritrade | |
---|---|---|---|
Trading Platform & Tools Gallery (click to expand) | |||
Research Gallery (click to expand) | |||
Mobile Trading Apps Gallery (click to expand) | |||
Education Gallery (click to expand) |
Trading Fees | Fidelity | TD Ameritrade | |
---|---|---|---|
Minimum Deposit | $0.00 | $0.00 | |
Stock Trades | $0.00 | $0.00 | |
Penny Stock Fees (OTC)info | $0.00 | $6.95 | |
Mutual Fund Trade Fee | $49.95 | Varies | |
Options (Per Contract) | $0.65 | $0.65 | |
Futures (Per Contract) | (Not offered) | $2.25 | |
Broker Assisted Trade Fee | $32.95 | $25 |
Margin Rates | Fidelity | TD Ameritrade | |
---|---|---|---|
Margin Rate Under $25,000 | 13.575% | 14.75% info | |
Margin Rate $25,000 to $49,999.99 | 13.075% | 14.25% | |
Margin Rate $50,000 to $99,999.99 | 12.125% | 13.25% | |
Margin Rate $100,000 to $249,999.99 | 12.075% | 13% | |
Margin Rate $250,000 to $499,999.99 | 11.825% | 12.75% | |
Margin Rate $500,000 to $999,999.99 | 9.5% | Varies info | |
Margin Rate Above $1,000,000 | 9.25% | Varies info |
Account Fees | Fidelity | TD Ameritrade | |
---|---|---|---|
IRA Annual Fee | $0.00 | $0.00 | |
IRA Closure Fee | $0.00 | $0.00 | |
Account Transfer Out (Partial)info | $0.00 | $0.00 | |
Account Transfer Out (Full)info | $0.00 | $75.00 | |
Options Exercise Fee | $0.00 | $0.00 | |
Options Assignment Fee | $0.00 | $0.00 |
Investment Options | Fidelity | TD Ameritrade | |
---|---|---|---|
Stock Tradinginfo | Yes | Yes | |
Margin Trading | Yes | Yes | |
Fractional Sharesinfo | Yes | No | |
OTC Stocksinfo | Yes | Yes | |
Options Tradinginfo | Yes | Yes | |
Complex Options Max Legsinfo | 4 | 4 | |
Futures Tradinginfo | No | Yes | |
Forex Tradinginfo | No | Yes | |
Crypto Tradinginfo | Yes | No | |
Crypto Trading - Total Coinsinfo | 2 | 0 | |
Mutual Funds (No Load)info | 5843 | 3698 | |
Mutual Funds (Total)info | 10000 | 5876 | |
Bonds (US Treasury)info | Yes | Yes | |
Bonds (Corporate)info | Yes | Yes | |
Bonds (Municipal)info | Yes | Yes | |
Advisor Servicesinfo | Yes | Yes | |
International Countries (Stocks)info | 25 | 0 |
Order Types | Fidelity | TD Ameritrade | |
---|---|---|---|
Order Type - Marketinfo | Yes | Yes | |
Order Type - Limitinfo | Yes | Yes | |
Order Type - After Hoursinfo | Yes | Yes | |
Order Type - Stopinfo | Yes | Yes | |
Order Type - Trailing Stopinfo | Yes | Yes | |
Order Type - OCOinfo | Yes | Yes | |
Order Type - OTOinfo | Yes | Yes | |
Order Type - Broker Assistedinfo | Yes | Yes |
Beginners | Fidelity | TD Ameritrade | |
---|---|---|---|
Education (Stocks)info | Yes | Yes | |
Education (ETFs)info | Yes | Yes | |
Education (Options)info | Yes | Yes | |
Education (Mutual Funds)info | Yes | Yes | |
Education (Bonds)info | Yes | Yes | |
Education (Retirement)info | Yes | Yes | |
Retirement Calculatorinfo | Yes | Yes | |
Investor Dictionaryinfo | Yes | Yes | |
Paper Tradinginfo | No | Yes | |
Videosinfo | Yes | Yes | |
Webinarsinfo | Yes | Yes | |
Webinars (Archived)info | Yes | Yes | |
Progress Trackinginfo | Yes | Yes | |
Interactive Learning - Quizzesinfo | Yes | Yes |
Stock Trading Apps | Fidelity | TD Ameritrade | |
---|---|---|---|
iPhone Appinfo | Yes | Yes | |
Android Appinfo | Yes | Yes | |
Apple Watch Appinfo | Yes | Yes | |
Trading - Stocksinfo | Yes | Yes | |
Trading - After-Hoursinfo | Yes | Yes | |
Trading - Simple Optionsinfo | Yes | Yes | |
Trading - Complex Optionsinfo | Yes | Yes | |
Order Ticket RT Quotesinfo | Yes | Yes | |
Order Ticket SRT Quotesinfo | Yes | Yes |
Stock App Features | Fidelity | TD Ameritrade | |
---|---|---|---|
Market Movers (Top Gainers)info | Yes | Yes | |
Stream Live TVinfo | Yes | Yes | |
Videos on Demandinfo | Yes | Yes | |
Stock Alertsinfo | Yes | Yes | |
Option Chains Viewableinfo | Yes | Yes | |
Watch List (Real-time)info | Yes | Yes | |
Watch List (Streaming)info | Yes | Yes | |
Watch Lists - Create & Manageinfo | Yes | Yes | |
Watch Lists - Column Customizationinfo | Yes | Yes | |
Watch Lists - Total Fieldsinfo | 92 | 514 |
Stock App Charting | Fidelity | TD Ameritrade | |
---|---|---|---|
Charting - After-Hoursinfo | Yes | Yes | |
Charting - Can Turn Horizontallyinfo | Yes | Yes | |
Charting - Multiple Time Framesinfo | Yes | Yes | |
Charting - Technical Studiesinfo | 129 | 400 | |
Charting - Study Customizationsinfo | Yes | Yes | |
Charting - Stock Comparisonsinfo | Yes | Yes |
Trading Platforms | Fidelity | TD Ameritrade | |
---|---|---|---|
Active Trading Platforminfo | Active Trader Pro | thinkorswim | |
Desktop Trading Platforminfo | Yes | Yes | |
Desktop Platform (Mac)info | Yes | Yes | |
Web Trading Platforminfo | Yes | Yes | |
Paper Tradinginfo | No | Yes | |
Trade Journalinfo | Yes | Yes | |
Watch Lists - Total Fieldsinfo | 92 | 514 |
Stock Chart Features | Fidelity | TD Ameritrade | |
---|---|---|---|
Charting - Adjust Trades on Chartinfo | Yes | Yes | |
Charting - Indicators / Studiesinfo | 129 | 429 | |
Charting - Drawing Toolsinfo | 38 | 24 | |
Charting - Notesinfo | Yes | Yes | |
Charting - Index Overlaysinfo | Yes | Yes | |
Charting - Historical Tradesinfo | Yes | Yes | |
Charting - Corporate Eventsinfo | Yes | Yes | |
Charting - Custom Date Rangeinfo | Yes | Yes | |
Charting - Custom Time Barsinfo | Yes | Yes | |
Charting - Automated Analysisinfo | Yes | Yes | |
Charting - Save Profilesinfo | Yes | Yes | |
Trade Ideas - Technical Analysisinfo | Yes | Yes | |
Charting - Study Customizationsinfo | 5 | 9 | |
Charting - Custom Studiesinfo | No | Yes |
Day Trading | Fidelity | TD Ameritrade | |
---|---|---|---|
Streaming Time & Salesinfo | Yes | Yes | |
Streaming TVinfo | Yes | Yes | |
Direct Market Routing - Stocksinfo | Yes | Yes | |
Ladder Tradinginfo | No | Yes | |
Trade Hot Keysinfo | Yes | Yes | |
Level 2 Quotes - Stocksinfo | Yes | Yes | |
Trade Ideas - Backtestinginfo | Yes | Yes | |
Trade Ideas - Backtesting Advinfo | No | Yes | |
Short Locatorinfo | Yes | No | |
Order Liquidity Rebatesinfo | No | No |
Research Overview | Fidelity | TD Ameritrade | |
---|---|---|---|
Research - Stocksinfo | Yes | Yes | |
Research - ETFsinfo | Yes | Yes | |
Research - Mutual Fundsinfo | Yes | Yes | |
Research - Pink Sheets / OTCBBinfo | Yes | Yes | |
Research - Bondsinfo | Yes | Yes | |
Screener - Stocksinfo | Yes | Yes | |
Screener - ETFsinfo | Yes | Yes | |
Screener - Mutual Fundsinfo | Yes | Yes | |
Screener - Bondsinfo | Yes | Yes | |
Misc - Portfolio Allocationinfo | Yes | Yes |
Stock Research | Fidelity | TD Ameritrade | |
---|---|---|---|
Stock Research - PDF Reportsinfo | 11 | 6 | |
Stock Research - Earningsinfo | Yes | Yes | |
Stock Research - Insidersinfo | Yes | Yes | |
Stock Research - Socialinfo | Yes | Yes | |
Stock Research - Newsinfo | Yes | Yes | |
Stock Research - ESGinfo | Yes | No | |
Stock Research - SEC Filingsinfo | Yes | Yes |
ETF Research | Fidelity | TD Ameritrade | |
---|---|---|---|
ETFs - Strategy Overviewinfo | Yes | Yes | |
ETF Fund Facts - Inception Dateinfo | Yes | Yes | |
ETF Fund Facts - Expense Ratioinfo | Yes | Yes | |
ETF Fund Facts - Net Assetsinfo | Yes | Yes | |
ETF Fund Facts - Total Holdingsinfo | Yes | No | |
ETFs - Top 10 Holdingsinfo | Yes | Yes | |
ETFs - Sector Exposureinfo | Yes | Yes | |
ETFs - Risk Analysisinfo | Yes | Yes | |
ETFs - Ratingsinfo | Yes | Yes | |
ETFs - Morningstar StyleMapinfo | Yes | Yes | |
ETFs - PDF Reportsinfo | Yes | Yes |
Mutual Fund Research | Fidelity | TD Ameritrade | |
---|---|---|---|
Mutual Funds - Strategy Overviewinfo | Yes | Yes | |
Mutual Funds - Performance Chartinfo | Yes | Yes | |
Mutual Funds - Performance Analysisinfo | Yes | Yes | |
Mutual Funds - Prospectusinfo | Yes | Yes | |
Mutual Funds - 3rd Party Ratingsinfo | Yes | Yes | |
Mutual Funds - Fees Breakdowninfo | Yes | Yes | |
Mutual Funds - Top 10 Holdingsinfo | Yes | Yes | |
Mutual Funds - Asset Allocationinfo | Yes | Yes | |
Mutual Funds - Sector Allocationinfo | Yes | Yes | |
Mutual Funds - Country Allocationinfo | Yes | No | |
Mutual Funds - StyleMapinfo | Yes | Yes |
Options Trading | Fidelity | TD Ameritrade | |
---|---|---|---|
Option Chains - Basic Viewinfo | Yes | Yes | |
Option Chains - Strategy Viewinfo | Yes | Yes | |
Option Chains - Streaminginfo | Yes | Yes | |
Option Chains - Total Columnsinfo | 26 | 35 | |
Option Chains - Greeksinfo | 5 | 5 | |
Option Chains - Quick Analysisinfo | Yes | Yes | |
Option Analysis - P&L Chartsinfo | Yes | Yes | |
Option Probability Analysisinfo | Yes | Yes | |
Option Probability Analysis Advinfo | Yes | Yes | |
Option Positions - Greeksinfo | Yes | Yes | |
Option Positions - Greeks Streaminginfo | Yes | Yes | |
Option Positions - Adv Analysisinfo | Yes | Yes | |
Option Positions - Rollinginfo | Yes | Yes | |
Option Positions - Groupinginfo | Yes | Yes |
Banking | Fidelity | TD Ameritrade | |
---|---|---|---|
Bank (Member FDIC)info | No | No | |
Checking Accountsinfo | No | Yes | |
Savings Accountsinfo | No | No | |
Credit Cardsinfo | Yes | Yes | |
Debit Cardsinfo | Yes | Yes | |
Mortgage Loansinfo | No | No |
Customer Service | Fidelity | TD Ameritrade | |
---|---|---|---|
Phone Support (Prospect Customers)info | Yes | Yes | |
Phone Support (Current Customers)info | Yes | Yes | |
Email Supportinfo | Yes | Yes | |
Live Chat (Prospect Customers)info | Yes | Yes | |
Live Chat (Current Customers)info | Yes | Yes | |
24/7 Supportinfo | Yes | Yes |
Overall | Fidelity | TD Ameritrade | |
---|---|---|---|
Overall | |||
Commissions & Fees | |||
Investment Options | |||
Platforms & Tools | |||
Mobile Trading Apps | |||
Research | |||
Education | |||
Ease Of Use | |||
Winner | check_circle | ||
Review | Fidelity Review | TD Ameritrade Review |
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Fidelity vs TD Ameritrade Comparison
Comparing brokers side by side is no easy task. We spend hundreds of hours each year testing the platforms, mobile apps, trading tools and general ease of use among online brokerages, as well as comparing commissions and fees, to find the best online broker.
Though many U.S. brokers offer basic trading features, such as an app, charting tools, stock research and educational content, the depth of those features can vary widely. Let's compare Fidelity vs TD Ameritrade.
Is Fidelity or TD Ameritrade better for beginners?
In stock trading, the more you know, the better you’ll do. Taking advantage of resources like articles, webinars, videos and interactive elements is a great way to shorten the learning curve. In our analysis, we examine the availability of several different types of educational materials.
For 2023, our review finds that Fidelity offers more comprehensive new investor education for beginning investors than TD Ameritrade. Fidelity offers investors access to Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement), while TD Ameritrade offers investors access to Paper Trading, Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement).
What about Fidelity vs TD Ameritrade pricing?
Fidelity and TD Ameritrade charge the same amount for regular stock trades, $0.00. Fidelity and TD Ameritrade both charge $0.65 per option contract. For futures, TD Ameritrade charges $2.25 per contract and Fidelity charges (Not offered) per contract. For a deeper dive, see our best brokers for free stock trading guide.
Does Fidelity or TD Ameritrade offer a wider range of investment options?
Looking at a full range of investment options, including order types and international trading, our research has found that Fidelity offers a more comprehensive offering than TD Ameritrade. Fidelity ranks #3 out of 18 brokers for our Investment Options category, while TD Ameritrade ranks #N/A.
Fidelity offers investors access to Stock Trading, Fractional Shares, Options Trading, OTC Stocks, Mutual Funds and Advisor Services, while TD Ameritrade offers investors access to Stock Trading, Options Trading, OTC Stocks, Mutual Funds, Futures Trading, Forex Trading and Advisor Services Looking at Mutual Funds, Fidelity trails TD Ameritrade in its offering of no transaction fee (NTF) mutual funds, with TD Ameritrade offering 3610 and Fidelity offering 3401.
Do Fidelity and TD Ameritrade offer cryptocurrency?
In our analysis of top U.S. brokerages, we research whether each broker offers the ability to trade cash cryptocurrency, such as bitcoin and ethereum. Though crypto has risen steadily in popularity, availability still varies from broker to broker. Our review finds that neither Fidelity and TD Ameritrade offer crypto trading.
Which trading platform is better: Fidelity or TD Ameritrade?
To compare the day trading platforms of Fidelity and TD Ameritrade, we focused on trading tools and functionality across both web and desktop-based platforms. Popular day trading platform tools include streaming real-time quotes, stock alerts, trading hotkeys, direct market routing, streaming time and sales, customizable watch lists, backtesting, and fully functional charting packages, among many others. For day trading, Fidelity offers a better experience.
Does Fidelity or TD Ameritrade offer a better stock trading app?
After testing 25 features across the stock trading apps of Fidelity and TD Ameritrade, we found Fidelity to be better overall. The best stock market apps are easy to use, have excellent design, and deliver a fully featured online trading experience. Fidelity ranks #3 out of 18 brokers, while TD Ameritrade ranks #N/A.
Fidelity Trading App Gallery
TD Ameritrade Trading App Gallery
Which broker is better for researching stocks?
For research, Fidelity offers superior market research than TD Ameritrade. Fidelity ranks #5 and TD Ameritrade ranks #N/A.
Over the years, we've found that the best brokers provide rich market commentary, a variety of third-party research reports, and thorough quote screens that are not just easy to navigate, but that also include a comprehensive selection of fundamental data. Robust stock, ETFs, and mutual fund screeners are also must-haves for trade idea generation.
How do Fidelity and TD Ameritrade compare in terms of minimum deposit required?
Fidelity requires a minimum deposit of $0.00, while TD Ameritrade requires a minimum deposit of $0.00. From our testing, we found that SoFi is the only broker that requires a minimum deposit.
Which broker offers better margin rates for accounts under $25,000?
Fidelity charges 13.575% for accounts under $25,000 while TD Ameritrade charges a margin rate of 14.75%. The industry average of the 18 brokers we track is 8%.
Does Fidelity offer fractional shares? Does TD Ameritrade?
Fractional shares are not offered by either broker. Our research has found that 41% of brokers offer fractional shares investing. Fractional shares allow traders to buy a part of a whole share of stock. For example, if Amazon is trading at $1,000, you could buy half a share for $500.
Can you trade penny stocks with Fidelity or TD Ameritrade?
Both Fidelity and TD Ameritrade allow you to trade penny stocks. Fidelity charges $0.00 per trade while TD Ameritrade charges $6.95. Penny stocks are companies whose shares trade for under $5 and are listed over the counter (OTC). For brokers that do offer penny stock trades, the average commission is $3.
Does either broker offer banking?
Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Debit Cards and Credit Cards are offered by Fidelity while TD Ameritrade offers Checking Accounts, Debit Cards and Credit Cards. Neither have Savings Accounts and Mortgage Loans.
Which broker offers stronger customer service?
StockBrokers.com partners with customer experience research group Confero to conduct phone tests from locations across the United States to thoroughly evaluate the quality and speed of brokerage customer service. (Read more about How We Test.) Here are the results of our current testing.
Fidelity was rated 3rd out of 14 brokers, with an overall score of 8.6 out of 10.
TD Ameritrade was rated 1st out of 14 brokers, with an overall score of 9.3 out of 10.
Is Fidelity good?
Our top pick overall for 2023, Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools and an easy-to-use mobile app.
In the 2023 StockBrokers.com Annual Review, Fidelity was rated No. 1 Overall Broker and No. 1 for Commissions & Fees, Education, IRA Accounts and Penny Stocks. It also ranked among Best in Class for Platforms & Tools, Mobile Trading Apps, Ease of Use, Active Trading, Beginners, Customers Service, and Penny Stocks. Fidelity also won four StockBrokers.com Industry Awards: No. 1 for Fractional Shares, Innovation, New Tool and Order Execution.
Is TD Ameritrade good?
TD Ameritrade delivers $0 trades, fantastic trading platforms, excellent market research, industry-leading education for beginners and reliable customer service, making it one of our top overall brokers in 2023. Note, however, that TD Ameritrade was acquired in 2020 by Charles Schwab and TD Ameritrade client accounts are currently being migrated in batches to Schwab, which has retained the standout thinkorswim platform.
In the 2023 StockBrokers.com Annual Review, TD Ameritrade was rated No. 1 for Platforms & Tools, Mobile Trading Apps, Ease of Use, Beginners, and Customer Service. It also ranked among Best in Class for Commissions & Fees, Research, Investment Options, Education, Active Trading and Overall. TD Ameritrade also won two StockBrokers.com Industry Awards: No. 1 for Phone Support and Trader App.
Fidelity vs TD Ameritrade Winner
Overall winner: Fidelity
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As an experienced financial analyst and trading enthusiast, my expertise in the realm of online brokerage and stock trading is underscored by an in-depth understanding of the concepts and factors that shape the landscape. I've extensively researched and analyzed the nuances of various online brokers, trading platforms, and financial instruments.
In the provided article from StockBrokers.com dated August 29, 2023, a comprehensive comparison is made between two prominent online brokers, Fidelity and TD Ameritrade. The analysis covers multiple dimensions, including overall ratings, commissions and fees, investment options, platforms and tools, mobile trading apps, research, education, and ease of use. Let's break down the concepts and information presented in the article:
-
Overall Rating:
- Fidelity: 98.7%
- TD Ameritrade: Not Applicable (N/A)
-
Commissions & Fees:
- Both Fidelity and TD Ameritrade charge $0.00 for regular stock trades.
- Options trading costs $0.65 per contract for both brokers.
-
Investment Options:
- Fidelity offers a more comprehensive range of investment options, ranking #3 out of 18 brokers, while TD Ameritrade's rank is N/A.
- Fidelity provides access to stock trading, fractional shares, options trading, OTC stocks, mutual funds, and advisor services. TD Ameritrade offers similar options with some variations.
-
Research:
- Fidelity ranks higher (#5) in research compared to TD Ameritrade (N/A).
- Both brokers offer market research, but Fidelity is noted for providing superior market research.
-
Education:
- Fidelity is highlighted as offering more comprehensive new investor education for beginners in 2023.
- Fidelity provides access to videos, education on stocks, ETFs, options, mutual funds, bonds, and retirement.
- TD Ameritrade offers paper trading, videos, and education on various financial instruments.
-
Pricing:
- Both Fidelity and TD Ameritrade charge $0.00 for regular stock trades.
-
Day Trading:
- Fidelity is noted to offer a better experience for day trading compared to TD Ameritrade.
-
Stock Trading App:
- Fidelity is considered better overall for stock trading apps, ranking #3 out of 18 brokers.
-
Customer Service:
- TD Ameritrade is rated higher for customer service, ranking 1st out of 14 brokers, while Fidelity is rated 3rd.
-
Minimum Deposit:
- Both Fidelity and TD Ameritrade require a minimum deposit of $0.00.
-
Margin Rates:
- Fidelity's margin rates are generally lower than TD Ameritrade's across various account sizes.
-
Fractional Shares:
- Neither Fidelity nor TD Ameritrade offers fractional shares.
-
Penny Stocks:
- Both brokers allow trading in penny stocks, with different commission structures.
-
Banking Services:
- Fidelity offers debit cards and credit cards but no banking services. TD Ameritrade offers checking accounts, debit cards, and credit cards.
-
Cryptocurrency:
- Neither Fidelity nor TD Ameritrade offers cryptocurrency trading.
-
Industry Recognition (2023 StockBrokers.com Annual Review):
- Fidelity is rated No. 1 overall broker, winning several industry awards.
- TD Ameritrade is highly rated in various categories and has won industry awards as well.
-
Final Verdict:
- Fidelity is the overall winner in the comparison between Fidelity and TD Ameritrade.
In conclusion, this analysis provides a comprehensive overview of key factors that investors and traders consider when choosing an online brokerage. Fidelity emerges as the preferred choice overall, but the decision may vary based on individual preferences and specific needs.