E*TRADE

Launched in 1982, E*TRADE is an online trading platform. This full service, investment discount broker offers you the capability to become a self-directed investor. It offers bonds, stocks, ETFs, options, mutual funds, Forex, and futures trading. Thus, it is reckoned as one of the finest trading platforms around the world.

E*TRADE Trading Services
Fidelity

Founded in 1946, Fidelity is a big investment brokerage firm around the world. It is a full-service discount broker that lets you trade in all asset types including options, ETFs, stocks, bonds, and mutual funds. Fidelity is known to offer everything from a checking account to active funds.

Brokerage Comparison

E*TRADE

Fidelity

Features

  • Options trading available

  • Free fund trading

  • Over 250 zero-fee ETFs and nearly 4400 commission-free mutual funds

  • User-friendly and nicely designed Mobile apps

  • The largest collection of mutual funds over 10000

  • Easy to use mobile app and website

  • Excellent research

  • Comprehensive retirement service

Trading Services

Short Sales, Mutual Funds, Bonds, Options, Futures/Commodities, Complex Options, Robo Advisory, Penny Stocks and OTCBB

Short Sales, Mutual Funds, Bonds, Complex Options, Robo Advisory, 25 International Exchanges, Fractional Shares, Penny Stocks and OTCBB

Minimum Deposit

No minimum deposit needed

No minimum deposit needed

Security Regulations

E*TRADE is regulated by FINRA and SEC. There is a high level of investor protection and banking background.

Fidelity is regulated by FINRA and SEC. There is a high level of investor protection too.

Charges

  • Zero-commission ETF and online stocks trading

  • Options/Contract fee: $0.65

  • Mutual Fund Trade fee: $19.99

  • Broker Assisted Trade fee: $25

  • Zero-commission ETF and online stocks trading

  • Options/Contract fee: $0.65

  • Mutual Fund Trade fee: $49.95

  • Broker Assisted Trade fee: $32.95

Mobile App

Power E*TRADE and E*TRADE Mobile. Available on Android and iOS.

Fidelity Spire, Apps available for Apple iOS, Amazon Device, Apple Tv, Apple Watch, and Android Devices.

Other Services

  • DRIP Service

  • Individual Retirement Accounts with $25 fees

  • Set up your perpetual deposit into mutual funds

  • DRIP Service

  • Individual Retirement Accounts

  • Set up your perpetual deposit into mutual funds

Deposit & Withdrawal Methods

Both deposits and withdrawals can be made via bank transfer only

Both deposits and withdrawals can be made via bank transfer and electronic wallets

Education

Good educational material like trading platform tutorial, general educational videos, webinars, and quality educational articles

High-quality educational material like a demo account, trading platform tutorial, webinars, general educational videos, and quality educational articles

Customer Support

Live chat, phone, and email support

Live chat, email and telephone support

Conclusion

After comparing E*TRADE and Fidelity, we can conclude that for education, Fidelity provides better, superior education. E*TRADE has better mobile apps. When it comes to charges, E*TRADE is the clear winner. For beginners, Fidelity is the best as its learning materials are outstanding and comprehensive. E*TRADE focuses on advanced investors and traders with its suite of technical analytics and screeners.