Computershare vs Fidelity, TD Ameritrade, Etrade, Charles Schwab, and Vanguard (2019)


Computershare vs TD Ameritrade & Co: Compare Fees


Broker Fees Stock/ETF
Commission
Mutual Fund
Commission
Options
Commission
Maintenance
Fee
Annual IRA
Fee
Ally Invest $0 $9.95 $0 + $0.50 per contract $0 $0
TD Ameritrade $0 $49.95 $0 + $0.65 per contract $0 $0
Fidelity $0 $49.95 $0 + $0.65 per contract $0 $0
Charles Schwab $0 $76 ($0 to sell) $0 + $0.65 per contract $0 $0
Etrade $0 $19.95 $0 + $0.65 per contract $0 $0
Vanguard $7-$20 $8-$35 $20 + $1.00 per contract $20* $20*


Computershare vs Vanguard & Co: Compare Services


Broker Review Cost Investment Products Trading Tools Customer Service Research Overall Rating
Ally Invest
TD Ameritrade
Fidelity
Charles Schwab
Etrade
Vanguard
Computer
share
Varies


New Account Promotions

Ally Invest: Up to $3,500 cash bonus + $0 commission trades for new accounts.

Open Ally Invest Account

TD Ameritrade: Trade stocks and ETFs for free + get up to $600 bonus.

Open TD Ameritrade Account



Computershare vs Fidelity and Other Competitors


Computershare is a stock transfer agent, which means that it holds corporate shareholder records. Publicly held companies usually designate one such company to transfer stock for them. Unlike a traditional or online broker, there are no fees associated with making trades. However, shareholders are charged when withdrawing funds. Computershare is not a brokerage and does not have a set fee for the purchase or sale of stock. Purchase and sales fees are determined by each company individually. See Differences between brokerage and transfer agent article for more info.


Computershare vs Fidelity


While customers could only invest in stocks with Computershare, with most brokerage firms they could also buy and sell mutual funds, exchange traded funds, options, bonds and other investments.

All Computershare competitors in this review - TD Ameritrade, Etrade, Charles Schwab, Fidelity, Vanguard and Ally Invest - are the household names, the largest discount brokerage houses in the U.S. These companies are very popular among all investors - from beginners to institutions.


Pricing

There is a huge difference in pricing structure between Computershare and its competition. The best priced competitors, Ally Invest, TD Ameritrade, and Schwab are charging for stocks and ETF's $0 per trade. Vanguard is charging $7 or $20 per stock or ETF trade (Vanguard's commissions depend on amount of money a client invested in Vanguard products).

For mutual funds investors Ally Invest is the cheapest broker and charges only $9.95 per transaction. Other online investment firms have much higher cost: from $20 (Etrade) to $76 (Charles Schwab) for the same mutual funds trades. Computershare does not offer investing in mutual funds, ETF's or bonds at all.


TD Ameritrade vs Computershare


Services

TD Ameritrade offers its customers easy access to an online trader community, where investors can see what other, more advanced users invest in or trade, create and follow other members blogs, and interact with like-minded individuals.

Ally Invest and Charles Schwab are the best ranking firms in customer service. Fidelity Investments and TD Ameritrade also got very high scores in this category.

All the companies in this review (except Vanguard and Computershare) created easy-to-use, powerful trading tools that will satisfy just about everyone. But only TD Ameritrade also offers professional trading platform which is must-have for very active traders as well as for forex and futures trading.

Because Ally Invest and TD Ameritrade created well-designed, intuitive trading screens, offer large network of local offices (TD Ameritrade), and provide award-winning customer service, in 2019 we rated them the Best Brokers For Beginners.

All firms in this article (except Vanguard) do not charge IRA accounts (ROTH, Traditional, self-employed) setup and custodial fees (sometimes also called annual or maintenance fees). Some of these companies don't even charge for closing IRA accounts. There might be, however, a fee if you decide to move your IRA or non-IRA account to a different firm.


Recommendations

We do not recommend opening account at Computershare - it is often too expensive and offers too few services and products compared to a brokerage firm.

If you would like to have access to professional-level trading platform that day-traders and hedge funds are using, or you want to practice trading without risking your hard-earned money, then TD Ameritrade is your broker. It is also great for mutual funds and long-term investors as well as for beginner investors and for IRA accounts.

Fidelity Investments, Charles Schwab and Vanguard are highly recommended to anyone who wants to invest mostly in Fidelity's and Vanguard's own families of mutual funds and ETFs. If third-party investment research is important to you then go with Fidelity Investments as well.

Etrade is our pick for clients investing mostly in fixed income securities - bonds, Treasuries, CDs, and munis.


Promotions

Ally Invest: Up to $3,500 cash bonus + $0 commission trades for new accounts.

TD Ameritrade: Trade stocks and ETFs for free + get up to $600 bonus.

Charles Schwab: Make $100,000 deposit and get 500 commission-free online equity and options trades.

Fidelity Investments: Get 500 free trades with $100,000+ deposit.