Fidelity vs TD Ameritrade vs Etrade vs Vanguard

Compare TD Ameritrade vs Etrade vs Vanguard vs Fidelity


Compare trading and investing fees, IRA (Traditional, ROTH, SEP) accounts, stock/mutual fund/ETF pricing, brokerage service differences



Etrade vs Vanguard vs TD Ameritrade vs Fidelity: 2014 Comparison Chart


Broker Commissions Investment Products Trading Tools Customer Service Research
Etrade $7.99-$9.99
TD Ameritrade $9.99
Fidelity $7.95
Vanguard $7-$20


TD Ameritrade vs Fidelity vs Vanguard vs Etrade: Review


We will begin this online broker accounts comparison with the most important category for most customers - investing costs. Fidelity Investments is the best priced company among these brokerage firms, offering flat-rate $7.95 commission for stock and ETF trades. Etrade and TD Ameritrade charge higher, $9.99 per trade rate. Vanguard's pricing is $7 for the first 25 trades, $20 for subsequent trades for accounts with balances less than $50,000.

TD Ameritrade is charging $50, Etrade - $20, and Fidelity Investments charges $75 for the no-load mutual funds transactions. Vanguard's rate is $8 for accounts with over $1 million, $20 for accounts $500,000–$1 million and $35 for accounts under $500,000.

Vanguard Brokerage imposes a $20 annual maintenance fee for regular accounts. The firm's competitors in this review don't charge maintenance fees and, unlike Vanguard, provide great third-party independent investment research services.

TD Ameritrade and Etrade are at the first spot when comparing customer service. Fidelity also got very high rating in this category. Vanguard seems to have understaffed customer service, and therefore it's not easy to get a response with this brokerage, which could get frustrating at times.

All discount brokerages in this review (except Vanguard) offer powerful trading tools that will satisfy most do-it-yourself investors. Because of best-in-class trading technology, TD Ameritrade and Etrade are the only companies in this review recommended for active traders as well as for futures trading.



TD Ameritrade vs Fidelity vs Vanguard vs Etrade: Recommendations


TD Ameritrade and Etrade offer the most value to prospective customers, and we strongly recommend them over Fidelity Investments and Vanguard Brokerage. The firms are especially beneficial to customers new to investing, for IRA accounts, and for traders (Etrade commissions are lower for those who trade often).

Fidelity Investments and Vanguard are recommended to the clients who want to invest mostly in their respective families of mutual funds and ETFs.

We strongly encourage our readers to take a look at the detailed brokerage reviews (containing promotional deals for new customers) for TD Ameritrade (TD Ameritrade Review), Fidelity Investments (Fidelity Review), E*trade (E*trade Review) and Vanguard Brokerage (Vanguard Review) before deciding to open an account in a particular firm.


Promotions

Etrade: Trade free for 60 days + get up to $600.

TD Ameritrade: Trade free for 60 days + get up to $600.

Vanguard: none right now.

Fidelity: none right now.



This article was updated on 2/12/2014.



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