Comparison Charles Schwab vs Fidelity

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

First of all, we’ll compare the commission fees of the two brokers. The commission fee of Charles Schwab on regular transactions of the stock exchange is $4.95, and Fidelity has a commission fee of $4.95. Let’s analyze the commission fees on trading options. Charles Schwab has a commission fee of $4.95 + $0.65 per contract, Fidelity has a commission fee of $4.95 + $0.65. You can read more detailed information on commission fees in the online broker reviews.

Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are Charles Schwab provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Robo Advisor, and Fidelity provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading. Concerning the platforms, Charles Schwab uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while Fidelity uses Desktop Platform (Windows), Desktop Platform (MacOS), 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. Charles Schwab was founded in 1973 in United States, and it is regulated by SIPC. And Fidelity was founded in 1946 in USA, and it is regulated by SEC, FINRA, FCA (UK). We can withdraw funds from Charles Schwab with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $0. And Fidelity provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $10 (Bank Wire). The withdrawal time for Charles Schwab is 5 days, and that one for Fidelity is immediate (Bank Wire).

Overall, Charles Schwab boasts 4.1 stars versus Fidelity 4.3 stars.