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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.

Overall Rating

 
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
 
Fidelity
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
Firstrade
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education

Fees

Fees
Stock
ETFs
Options
Mutual Funds
Bonds
Fidelity
Stock
$4.95
ETFs
No Transaction Fee
Options
$4.95 + $0.65
Mutual Funds
No Transaction Fee
Bonds
$14
Firstrade
Stock
$0
ETFs
$0
Options
$0
Mutual Funds
$0
Bonds
$40

Types of trading

Types of trading
Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Fidelity
Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Firstrade
Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading

Platforms

Platforms
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
Fidelity
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
Firstrade
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform

Tools

Tools
Research & Analysis
Education
Fidelity
Research & Analysis
Education
Firstrade
Research & Analysis
Education

Mobile App

Mobile App
Android App
iOS App
Fidelity
Android App
iOS App
Firstrade
Android App
iOS App

Deposits

Deposits
Minimum deposit
Bank Wire
Visa/Mastercard
Fidelity
Minimum deposit
$0
Bank Wire
Visa/Mastercard
Firstrade
Minimum deposit
$0
Bank Wire
Visa/Mastercard

Withdrawals

Withdrawals
Bank Wire
Visa/Mastercard
Withdrawal Time
Withdrawal Fee
Fidelity
Bank Wire
Visa/Mastercard
Withdrawal Time
Immediate (Bank Wire)
Withdrawal Fee
$10 (Bank Wire)
Firstrade
Bank Wire
Visa/Mastercard
Withdrawal Time
2-3 business days
Withdrawal Fee
$30 domestic US, $50 international

Security & Fairness

Security & Fairness
Сountry of Origin
Year Founded
Regulated By
Fidelity
Сountry of Origin
United States
Year Founded
1946
Regulated By
SEC, FINRA, FCA (UK)
Firstrade
Сountry of Origin
United States
Year Founded
1985
Regulated By
SEC and FINRA

Customer Service

Customer Service
Phone
Email
Live Chat
 
Fidelity
Phone
Yes
Email
Yes
Live Chat
No
Firstrade
Phone
Yes
Email
Yes
Live Chat
No

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