Comparison Fidelity vs Interactive Brokers

The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Fidelity vs Interactive Brokers. Is Fidelity or Interactive Brokers a better online broker?

First of all, we’ll compare the commission fees of the two brokers. The commission fee of Fidelity on regular transactions of the stock exchange is $4.95, and Interactive Brokers has a commission fee of $0.005. When analyzing trading options, the commission fees of Fidelity is $4.95 + $0.65, and that one of Interactive Brokers is $0 + $0.70 per contract. 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 Fidelity provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, and Interactive Brokers provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor. As for platforms, Fidelity offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while Interactive Brokers 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 USA, and it is regulated by SEC, FINRA, FCA (UK). And Interactive Brokers was founded in 1978 in United States, and it is regulated by NYSE, FINRA, SIPC. Withdrawal of funds from Fidelity can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $10 (Bank Wire). And Interactive Brokers provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of $0. The withdrawal time for Fidelity is immediate (Bank Wire), and that one for Interactive Brokers is 3-5 days.

As a result, the rating of Fidelity is 4.3 stars versus that of Interactive Brokers of 4.1 stars.