TD Ameritrade against Fidelity: a full comparison
In 1943, Fidelity launched its mutual fund business idea and became one of the industry giants. On the other hand, TD Ameritrade took off in 1975 and changed the industry with its exceptional trading platform.
Both are now considered world-class brokers with efficient and user-friendly interfaces.
Given that the two brokers have costs and similar features, it is quite difficult for active traders to decide which to use. For these traders, here is a comparison between TD Ameritrade and Fidelity.
TD Ameritrade vs. Fidelity: What Do They Offer?
|Stock trading fees||$0||$0|
|Options trading||$0.65 per contract (no base commission)||$0.65 per contract (no base commission)|
|Account fees (annual, wire, fence, inactivity)||• Annual fee: $0
• Inactivity fee: 0 USD
• Transfer fee: $75 full; partial $0
|$0 account fee|
|Exchange platform||Free trading platforms:
• Web TD Ameritrade
• Thinkorswim for desktop users
|Free trading platforms:
• Active Trader Pro
|Marketable securities||• Obligations
• Mutual fund
• Forex Options
• Foreign ADRs
• Futures contracts
• IPOs for qualified accounts
• Fractions of shares
• Mutual fund
|Cryptocurrencies||Qualified clients can trade OTC crypto coin trusts, such as Bitcoin futures, from CME.||Crypto-based products are available, but not cryptocurrencies.|
|Mobile app||• TD Ameritrade Mobile App
• TDA thinkorswim app
|Fidelity mobile app for iOS and Android.|
|Research and data||Third-party tools such as S & P Capital IQ, Dow Jones, etc. provide research and analysis.||Free and complete|
|User-friendly options||• Representatives are available 24/7 by phone, email and live chat.
• A support person is available in more than 250 local branches.
• Customer support is also available on Facebook Messenger, Twitter, Apple Business Chat and Amazon Alexa.
|• Representatives are available 24/7 by phone, email and live chat.
• A support person is available in more than 200 local branches.
TD Ameritrade against Fidelity: which suits your needs?
Here are a few things you should consider to determine what your ideal choice is.
Fidelity supports three platforms: web, Fidelity Mobile App and Active Trader Pro. This makes opening an account extremely easy.
TD Ameritrade supports four platforms: Web, thinkorswim, application TD Ameritrade Mobile Trader and thinkorswim mobile. It is easier to open an account with TD Ameritrade but it offers many types of accounts, which complicates the process. Applications of two brokers offer decent features.
Fidelity does not support crypto-currencies, futures contracts or options on futures contracts, which could be considered a drawback for some active traders.
With impressive price improvement strategies, Fidelity now executes over 98.40% of orders at a better price than others, providing investors with solid savings of around $18.99 for a 1,000 tradeable order. shares, compared to the quotation of the sector.
TD Ameritrade also opted for strategies of improved pricing and quick turnaround. According to statistics from the company, most marketable orders receive price improvement of just over $ 0.0219 per share.
Fidelity and TD Ameritrade will charge no fees for trading shares and the minimum account. Both also offer free commission options, online stock and ETF trades for customers in the United States.
The two brokers have fresh options like touch $ 0.65.
Good to know
Fidelity may be suitable for active traders, while TD Ameritrade may be the best choice for beginners. Both offer exceptionally customizable platforms, user-friendly, functional trading applications and reasonable costs.
The main competition between the two platforms is research. Both of them offer flexible materials, mutual funds fixed income ETFs, and options for screeners help you find the perfect trade and investment.
If you trade “options”, you will like TD Ameritrade’s Option Hacker and Spread Hacker. These tools allow you to research all types of “options” strategies.
On the other hand, traders may like the ETF filter Fidelity. It allows you to customize your screens via 100 ETF criteria and helps you search by themes.
Both have excellent 24/7 customer service. Fidelity is available via phone, limited-hours online chat service, messaging portal and virtual assistant.
Quite similarly, TD Ameritrade also offers phone support 24 hours 24, 7 days out of 7, and availability on numerous social media platforms like Twitter, Messenger, Apple Business Chat and WeChat (in Asia). Additionally, the application supports live chat and a virtual agent, Ask Ted.
This comparison between TD Ameritrade and Fidelity concludes that both are very reputable brokers in the industry.