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Comparison Fidelity vs Firstrade
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Fidelity vs Firstrade. Which of them: Fidelity or Firstrade a better online broker?
First of all, we’ll compare the commission fees of the two brokers. Fidelity has a commission fee of $4.95, and Firstrade has a commission fee of $0. Let’s analyze the commission fees on trading options. Fidelity has a commission fee of $4.95 + $0.65, Firstrade has a commission fee of $0. You can read more detailed information on commission fees in the online broker reviews.
It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading are provided to customers by Fidelity and Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading are provided by Firstrade. As for platforms, Fidelity offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while Firstrade offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App.
In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. Fidelity was founded in 1946 in United States, and it is regulated by SEC, FINRA, FCA (UK). And Firstrade was founded in 1985 in United States, and it is regulated by SEC and FINRA. We can withdraw funds from Fidelity with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $10 (Bank Wire). And Firstrade provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is $30 domestic US, $50 international. The time for withdrawal in Fidelity is immediate (Bank Wire), and that one in Firstrade is 2-3 business days.
As a result, the rating of Fidelity is 4.3 stars versus that of Firstrade of 3.9 stars.