Comparison Fidelity vs Robinhood

A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Fidelity vs Robinhood. Which of them: Fidelity or Robinhood a better online broker?

Firstly, let’s compare commission fees provided by these brokers for regular transactions. Fidelity has a commission fee of $4.95, and Robinhood has a commission fee of commission-free. Let’s analyze the commission fees on trading options. Fidelity has a commission fee of $4.95 + $0.65, Robinhood has a commission fee of commission-free. 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, Crypto Trading are provided by Robinhood. As for platforms, Fidelity offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while Robinhood offers Web Platform, Android App, iOS App.

Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. Fidelity was founded in 1946 in USA, and it is regulated by SEC, FINRA, FCA (UK). And Robinhood was founded in 2013 in USA, and it is regulated by SEC, FINRA. We can withdraw funds from Fidelity with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $10 (Bank Wire). And Robinhood provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is free. The time for withdrawal in Fidelity is immediate (Bank Wire), and that one in Robinhood is 5 days trading holding period for uninvested funds.

As a result, the rating of Fidelity is 4.3 stars versus that of Robinhood of 3.4 stars.