Fidelity vs Charles Schwab

Fidelity is a cash management account with a decent APY. How does it compare to Charles Schwab? Read our comparison chart below.

Fidelity offers stock trades at $0 per trade and more than 180 branch locations. There is no minimum deposit.

While Charles Schwab offers stock and ETF trades at $0 commission and options trading at $0 commission + $0.65 per contract. There is no minimum deposit, no maintenance fee, and no inactivity fee.

Compare Fidelity with Charles Schwab, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

	Fidelity	Charles Schwab
	SPECIAL OFFER Commission-Free Trading - Online Stock, ETF and Option Trades - Learn More Read Fidelity Review	SPECIAL OFFER $0 Commissions on Online Stock, ETF, and Options Trades - Learn More Read Charles Schwab Review
	Benefits and Features
Stock Trading	$0	$0 commission on U.S. stocks and ETFs
Options Trading	$0.65 per contract	$0 + $0.65 per contract
Annual Fee	None
Cryptocurrency Trading	$0
Minimum Deposit	$0	$0
Mutual Fund Trading	Yes	$0 for no-transaction-fee funds $49.95 for all other funds
Commission Free ETFs		2,000+ across asset classes and fund companies, $0 commission through Schwab ETF OneSource™.
Broker Assisted Trades		$25.00 service charge
Inactivity Fee	$0	None
Maintenance Fee	$0	$0
Banking	No	Yes
Mobile App	Yes	Yes
Desktop App		Yes
Futures Trading		$2.25 per contract
Customer Service		24/7
Locations		300 locations
Online Community		Yes
Seminars		Yes
Virtual Trading		Yes (thinkorswim platforms)
	CreditDonkey® Reviews
Savings
Fees
Mobile App
Customer Service
Stock Trading
Options Trading
Mutual Fund Trading
Online Platform
Banking
Commissions and Fees
Ease of Use
Research
Pros & Cons	Pros: $0 monthly service fee No minimum balance Free debit card Cons: Relatively low APY Few physical branches	Pros: Vast selection of commission-free ETFs and mutual funds 2 platforms (one for beginners and one for advanced traders) 24/7 customer service including online chat Cons: Commission costs on mutual funds outside of the commission-free funds Robo-advisor option requires a minimum investment of $5,000
Bottom Line	Cash management account with a decent APY... Read full review	Good choice for beginning and advanced investors looking to invest in ETFs and mutual funds or investors that require extensive research... Read full review
	Commission-Free Trading - Online Stock, ETF and Option Trades Cash Management Account	$0 Commissions on Online Stock, ETF, and Options Trades 500 Commission-Free Online and Options Trades Schwab's Referral Offer - Up to $1,000 Bonus
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Fidelity: Pricing information from published website as of 07/05/2024. Charles Schwab: Pricing information from published websites as of 11/09/2024.

Which is Better: Fidelity or Charles Schwab?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Fidelity or Robinhood.

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Fidelity vs Robinhood

Articles on Charles Schwab

Charles Schwab

Charles Schwab is one of the oldest names in the world of investing. With low fees, no account minimums, and robust research tools, it's a good brokerage for all levels of investors.