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Fidelity vs Firstrade 2025

StockBrokers.com

Written by StockBrokers.com

February 20, 2025

In this head to head comparison of Fidelity vs Firstrade, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

Fidelity
5/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.65
Firstrade
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.00

Range of investments

In the realm of online brokerage services, Fidelity emerges as a superior choice for individuals seeking a wide array of investment options and advisor services. Conversely, Firstrade offers a solid range of investment tools, including stocks and mutual funds, but lacks services like crypto trading and financial advisors, which Fidelity provides. Fidelity's prowess is further highlighted in its 5-star rating for the range of investments compared to Firstrade’s 4.5 stars, as well as its #3 ranking by StockBrokers.com over Firstrade's #6 position.

Both Fidelity and Firstrade offer essential trading options such as stock trading, margin trading, and mutual funds. Additionally, investors can venture into fractional shares and options trading with either platform. However, when it comes to crypto trading, Fidelity takes a lead with offerings while Firstrade currently does not facilitate crypto investments in any capacity. Both platforms do not support forex or futures trading, making them less suited for those interested in those specific markets.

For individuals focusing on retirement savings, both Fidelity and Firstrade provide traditional IRA and Roth IRA accounts, offering flexibility in retirement planning. Fidelity’s added advantage comes with its advisor services, providing users with expert guidance to navigate their investment strategies, a feature that Firstrade does not offer. Thus, while Firstrade offers a comprehensive suite of trading options, Fidelity stands out as a more versatile option, especially for those seeking guidance or diversification into crypto markets.

Feature Fidelity logoFidelity
Firstrade logoFirstrade
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info Yes Yes
OTC Stocks info Yes Yes
Mutual Funds info Yes Yes
Options Trading info Yes Yes
Futures Trading info No No
Crypto Trading info Yes No
Crypto Trading - Total Coins info 3 0
Range of Investments 5/5 Stars 4.5/5 Stars

Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025

Trading platforms and tools

Fidelity stands out as the superior choice for traders looking for a comprehensive platform, seamlessly blending accessibility with feature-rich tools. Fidelity offers a downloadable desktop trading platform for both Windows and Mac users, whereas Firstrade does not provide this option. While both platforms support browser-based trading, Fidelity is equipped with a suite of advanced tools that can enhance a trader's experience, earning it a rating of 4.5 stars compared to Firstrade’s 3 stars. Consequently, Fidelity holds a higher ranking (#4) compared to Firstrade (#11) for trading platforms and tools according to StockBrokers.com.

Chart enthusiasts will find plenty to like with Fidelity’s enhanced charting capabilities. Fidelity offers 129 technical indicators and 38 drawing tools, exceeding Firstrade’s 102 indicators and 8 drawing options. Traders can also benefit from Fidelity’s abilities to adjust orders directly on stock charts, add notes, display corporate events, and utilize automated technical analysis—features Firstrade lacks. Moreover, watch lists on Fidelity allow the use of 92 customizable fields, offering a more detailed tracking system compared to Firstrade's 50 fields.

Both platforms lack paper trading features, which may put off beginners looking for practice opportunities. Firstrade does offer an extra customization field for SMA studies on stock charts, but Fidelity compensates with features like a trading journal and the ability to save multiple chart profiles. Despite both platforms lacking custom chart studies, Fidelity's extensive array of available tools and supportive features make it a leading option for traders serious about maximizing their online trading experience.

Feature Fidelity logoFidelity
Firstrade logoFirstrade
Web Trading Platform info Yes Yes
Desktop Trading Platform info Yes No
Desktop Platform (Mac) info Yes No
Paper Trading info No No
Watch Lists - Total Fields info 92 50
Charting - Indicators / Studies info 129 102
Charting - Drawing Tools info 38 8
Platforms & Tools 4.5/5 Stars 3/5 Stars

Dive deeper: 7 Best Brokerage Accounts for 2025, Best Paper Trading Platforms for 2025

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Beginners and education

When comparing the educational offerings of Fidelity and Firstrade for beginner investors, Fidelity stands out with its extensive range of learning tools and resources. Fidelity provides comprehensive educational content, including stock, ETF, options, mutual fund, and bond education. It also offers interactive elements such as webinars, quizzes, and the ability to track learning progress, catering to varied learning preferences. Despite lacking a paper trading feature, Fidelity earns a high 5-star rating for its educational capabilities and ranks #2 out of 16 brokers according to StockBrokers.com.

On the other hand, Firstrade offers a more limited selection of educational resources, particularly in asset classes. While it does offer stock, options education, and engaging educational videos, it misses out on providing ETF, mutual fund, and bond education, as well as educational quizzes and progress tracking. Firstrade also falls short by not offering paper trading capabilities. Consequently, Firstrade holds a 3.5-star education rating and ranks #13 out of 16 brokers in the same StockBrokers.com list. For beginners looking for a rich and structured learning experience, Fidelity emerges as the more comprehensive choice.

Feature Fidelity logoFidelity
Firstrade logoFirstrade
Education (Stocks) info Yes Yes
Education (ETFs) info Yes No
Education (Options) info Yes Yes
Education (Mutual Funds) info Yes No
Education (Bonds) info Yes No
Paper Trading info No No
Videos info Yes Yes
Webinars info Yes Yes
Education 5/5 Stars 3.5/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2025

Stock trading apps

When comparing the stock trading apps offered by Fidelity and Firstrade, it's clear that Fidelity holds a slight edge in overall features. Rated 5 stars for its app capabilities, Fidelity stands at third place out of 16 brokers according to StockBrokers.com, whereas Firstrade, with a 4.5-star rating, ranks ninth. Fidelity offers a wider array of advanced tools, including an Apple Watch app, streaming live TV, and on-demand videos, which Firstrade does not provide. These feature differences make Fidelity's app more comprehensive for users seeking a rich trading experience.

Both Fidelity and Firstrade excel in delivering fundamental functionalities such as iPhone and Android apps that support mobile options trading, streaming quotes, and customizable watch lists. They ensure users can explore multiple time frames and view charts in landscape mode. However, Fidelity sets itself apart with superior after-hours trading capabilities and after-hours charting features. Additionally, the ability to display stock comparisons directly on charts enhances Fidelity’s comprehensive analytical suite.

Charting options showcase one of the more distinct differences, where Fidelity offers an impressive 119 technical studies compared to Firstrade's provision of 81. Accompanied by the capability to customize watch list columns, these features allow Fidelity users to tailor their trading dashboard to better suit their individual investment strategies. Overall, while both apps are very capable, Fidelity's offering is more aligned with users seeking advanced trading capabilities and a flexible user interface.

Feature Fidelity logoFidelity
Firstrade logoFirstrade
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes No
Stock Alerts info Yes Yes
Charting - After-Hours info Yes No
Charting - Technical Studies info 119 81
Mobile Trading Apps 5/5 Stars 4.5/5 Stars

Dive deeper: Best Stock Trading Apps for 2025

Fees

When comparing online brokers Fidelity and Firstrade, both platforms cater to different needs despite having some similar features. If you're looking for a broader fee-free experience, Fidelity might edge out Firstrade due to its lower margin interest rates and lack of account transfer fees. However, Firstrade offers a distinct advantage in options trading by not charging any per contract fees, unlike Fidelity which charges $0.65 per options contract. Your choice ultimately depends on your primary trading activities and fee preferences.

Both Fidelity and Firstrade stand out in their commitment to cost-free investing by requiring no minimum deposit and not charging for regular stock trades. Enthusiastic stock traders will appreciate these key benefits across both platforms. For options traders, however, Firstrade offers a cost-effective solution with zero fees per contract, providing an edge for those who engage heavily in options trading.

Another area where Fidelity shines is in its handling of account transfers. Fidelity charges no fees for either full or partial account transfers, while Firstrade imposes significant charges of $55 for partial and $75 for full transfers. In terms of IRA management, both brokers offer seamless services with no annual or closure fees to worry about. Nevertheless, Fidelity’s competitive margin interest rates also make it appealing if margin trading is part of your investment strategy.

Feature Fidelity logoFidelity
Firstrade logoFirstrade
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Options (Per Contract) info $0.65 $0.00
Options Exercise Fee info $0.00 $0.00
Options Assignment Fee info $0.00 $0.00
IRA Annual Fee info $0.00 $0.00
IRA Closure Fee info $0.00 $0.00

Dive deeper: Best Free Trading Platforms for 2025

Day Trading

For anyone venturing into day trading, choosing the right online broker can significantly impact the trading experience. Fidelity stands out with its offerings tailored for active traders. It provides essential tools like streaming time and sales data for stocks and streaming live TV, which keep traders informed in real-time. Fidelity also supports direct market routing, allowing for greater control over trade execution, and includes keyboard trade entry with trading hotkeys. Notable features like level 2 quotes and a basic strategy backtesting option further enhance its appeal. Additionally, Fidelity offers a short locator tool, enabling traders to check the real-time availability of shares to short, a vital feature for those interested in short selling.

By contrast, Firstrade might face limitations for a day trader. While it serves as a functional broker, it lacks several of the advanced tools that Fidelity provides. Firstrade does not offer streaming time and sales data, live TV, or direct market routing, which could be a dealbreaker for traders seeking comprehensive market insights. Moreover, it does not support trading hotkeys, level 2 quotes, or backtesting capabilities, both basic and advanced, which might make strategy evaluation and quick trading more challenging. Additionally, the absence of a short locator tool might restrict short selling opportunities compared to Fidelity. While both brokers do not give order liquidity rebates or ladder trading options, Fidelity generally presents more resources for an active day trading environment.

Feature Fidelity logoFidelity
Firstrade logoFirstrade
Streaming Time & Sales info Yes No
Streaming TV info Yes No
Direct Market Routing - Stocks info Yes No
Level 2 Quotes - Stocks info Yes No
Trade Ideas - Backtesting info Yes No
Trade Ideas - Backtesting Adv info No No
Short Locator info Yes No

Dive deeper: Best Day Trading Platforms for 2025

Market Research

When it comes to market research capabilities, both Fidelity and Firstrade offer a comprehensive array of tools and resources, catering to a wide range of investment needs. Fidelity, however, holds a slight edge with its higher array of downloadable stock research reports and a higher rating for market research. This positions Fidelity as a slightly better choice for investors who prioritize detailed research options. Ranked #3 out of 16 brokers by StockBrokers.com, Fidelity's offerings include extensive PDF reports, social media sentiment data, and ESG research, making it a preferred choice for those seeking thorough research tools. Firstrade, while rated closely with 4.5 stars and ranked #6, provides credible market research features, including all the essentials that investors expect, albeit with fewer downloadable reports.

In terms of research support, both Fidelity and Firstrade empower investors with insights across various asset classes, including stocks, ETFs, mutual funds, and bonds. Both platforms offer detailed portfolio allocation views and delve into trending areas like ESG research and social media sentiment analysis. This ensures that no matter your investment strategy, both brokers provide ample tools to support well-informed decisions. Each offers screeners for stocks, ETFs, mutual funds, and bonds, helping users find investment opportunities with ease.

While Fidelity stands out with 11 downloadable PDF reports for stock research compared to Firstrade's one, both brokers offer downloadable PDF reports for ETFs, enhancing their research capabilities. Despite this, neither provider offers downloadable reports for mutual funds, which may be a consideration for mutual fund-focused investors. Overall, Fidelity's superior ranking and additional research resources make it the slightly more appealing option for those needing deep, document-driven insights, while Firstrade remains a strong contender with its solid research offerings and user-friendly tools.

Feature Fidelity logoFidelity
Firstrade logoFirstrade
Research - Stocks info Yes Yes
Screener - Stocks info Yes Yes
Research - ETFs info Yes Yes
Screener - ETFs info Yes Yes
Research - Mutual Funds info Yes Yes
Screener - Mutual Funds info Yes Yes
Research - Bonds info Yes Yes
Screener - Bonds info Yes Yes
Research 5/5 Stars 4.5/5 Stars

Banking

When comparing the banking features of Fidelity and Firstrade, several key differences stand out for potential customers. Firstrade offers checking accounts, while Fidelity does not, which might be a draw for those looking to manage daily finances within their brokerage. However, neither broker provides savings accounts. Both companies offer debit cards, making account access convenient, but only Fidelity provides credit cards, adding another layer of flexibility for users. When it comes to larger financial needs, Fidelity also offers mortgage loans, setting it apart from Firstrade, which does not. For those interested in investing in certificates of deposit, both Fidelity and Firstrade offer CDs as part of their banking capabilities, providing options for earning interest over time.

Feature Fidelity logoFidelity
Firstrade logoFirstrade
Checking Accounts info No Yes
Savings Accounts info No No
Debit Cards info Yes Yes
Credit Cards info Yes No
Mortgage Loans info Yes No
CDs info Yes Yes

Dive deeper: Best Bank Accounts for Trading Stocks for 2025

Winner

After opening live accounts and testing 16 of the best online brokers, our research and live account testing finds that Fidelity is better than Firstrade. Fidelity finished with an overall score of 96.2%, while Firstrade finished with a score of 81.8%.

Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools and an easy-to-use mobile app.

FAQs

Can you trade cryptocurrency with Fidelity or Firstrade?

Fidelity provides crypto trading with access to 3 different coins, whereas Firstrade does not offer crypto trading services, making Fidelity a more comprehensive choice for investors interested in cryptocurrency options.

Dive deeper: Best Online Brokers for Crypto Trading in 2025

Does Fidelity or Firstrade offer IRAs?

Both Fidelity and Firstrade provide traditional and Roth IRA accounts without any annual fees and do not charge a closure fee, making them equally competitive options for investors seeking fee-free IRA account management.

Dive deeper: Best IRA Accounts for 2025

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Compare

0 of 5
Overall Rating Fidelity Firstrade
Overall 5/5 Stars 4/5 Stars
Range of Investments 5/5 Stars 4.5/5 Stars
Platforms & Tools 4.5/5 Stars 3/5 Stars
Mobile Trading Apps 5/5 Stars 4.5/5 Stars
Research 5/5 Stars 4.5/5 Stars
Customer Service 4.5/5 Stars 3.5/5 Stars
Education 5/5 Stars 3.5/5 Stars
Ease Of Use 5/5 Stars 4/5 Stars
Winner check_circle
Review Fidelity Review Firstrade Review
Broker Screenshots Fidelity Firstrade
Trading Platform & Tools Gallery (click to expand)
Research Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Trading Fees Fidelity Firstrade
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Penny Stock Fees (OTC) info $0.00 $0.00
Mutual Fund Trade Fee info Varies info $0
Options (Per Contract) info $0.65 $0.00
Futures (Per Contract) info (Not offered) (Not offered)
Broker Assisted Trade Fee info $32.95 $19.95
Margin Rates Fidelity Firstrade
Margin Rate Under $25,000 info 13.075% 13.75%
Margin Rate $25,000 to $49,999.99 info 12.575% 13.50%
Margin Rate $50,000 to $99,999.99 info 12.125% 13.00%
Margin Rate $100,000 to $249,999.99 info 11.575% 12.50%
Margin Rate $250,000 to $499,999.99 info 11.325% 12.50%
Margin Rate $500,000 to $999,999.99 info 9.00% 12.50%
Margin Rate Above $1,000,000 info 8.75% 12.50%
Account Fees Fidelity Firstrade
IRA Annual Fee info $0.00 $0.00
IRA Closure Fee info $0.00 $0.00
Account Transfer Out (Partial) info $0.00 $55.00
Account Transfer Out (Full) info $0.00 $75.00
Options Exercise Fee info $0.00 $0.00
Options Assignment Fee info $0.00 $0.00
Investment Options Fidelity Firstrade
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info Yes Yes
OTC Stocks info Yes Yes
Options Trading info Yes Yes
Complex Options Max Legs info 4 4
Futures Trading info No No
Forex Trading info No No
Crypto Trading info Yes No
Crypto Trading - Total Coins info 3 0
Mutual Funds (No Load) info 5843 15460
Mutual Funds (Total) info 10000 19666
Bonds (US Treasury) info Yes Yes
Bonds (Corporate) info Yes Yes
Bonds (Municipal) info Yes Yes
Traditional IRAs info Yes Yes
Roth IRAs info Yes Yes
Advisor Services info Yes No
International Countries (Stocks) info 25 0
Order Types Fidelity Firstrade
Order Type - Market info Yes Yes
Order Type - Limit info Yes Yes
Order Type - After Hours info Yes Yes
Order Type - Stop info Yes Yes
Order Type - Trailing Stop info Yes Yes
Order Type - OCO info Yes Yes
Order Type - OTO info Yes Yes
Order Type - Broker Assisted info Yes Yes
Beginners Fidelity Firstrade
Education (Stocks) info Yes Yes
Education (ETFs) info Yes No
Education (Options) info Yes Yes
Education (Mutual Funds) info Yes No
Education (Bonds) info Yes No
Education (Retirement) info Yes Yes
Retirement Calculator info Yes Yes
Investor Dictionary info Yes Yes
Paper Trading info No No
Videos info Yes Yes
Webinars info Yes Yes
Webinars (Archived) info Yes Yes
Progress Tracking info Yes No
Interactive Learning - Quizzes info Yes No
Stock Trading Apps Fidelity Firstrade
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes No
Trading - Stocks info Yes Yes
Trading - After-Hours info Yes Yes
Trading - Simple Options info Yes Yes
Trading - Complex Options info Yes Yes
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info Yes Yes
Stock App Features Fidelity Firstrade
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info Yes No
Videos on Demand info Yes No
Stock Alerts info Yes Yes
Option Chains Viewable info Yes Yes
Watch List (Real-time) info Yes Yes
Watch List (Streaming) info Yes Yes
Watch Lists - Create & Manage info Yes Yes
Watch Lists - Column Customization info Yes Yes
Stock App Charting Fidelity Firstrade
Charting - After-Hours info Yes No
Charting - Can Turn Horizontally info Yes Yes
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 119 81
Charting - Study Customizations info Yes Yes
Charting - Stock Comparisons info Yes No
Trading Platforms Fidelity Firstrade
Active Trading Platform info Active Trader Pro
Desktop Trading Platform info Yes No
Desktop Platform (Mac) info Yes No
Web Trading Platform info Yes Yes
Paper Trading info No No
Trade Journal info Yes No
Watch Lists - Total Fields info 92 50
Stock Chart Features Fidelity Firstrade
Charting - Adjust Trades on Chart info Yes No
Charting - Indicators / Studies info 129 102
Charting - Drawing Tools info 38 8
Charting - Notes info Yes No
Charting - Index Overlays info Yes Yes
Charting - Historical Trades info Yes No
Charting - Corporate Events info Yes No
Charting - Custom Date Range info Yes No
Charting - Custom Time Bars info Yes No
Charting - Automated Analysis info Yes No
Charting - Save Profiles info Yes No
Trade Ideas - Technical Analysis info Yes Yes
Charting - Study Customizations info 5 6
Charting - Custom Studies info No No
Day Trading Fidelity Firstrade
Streaming Time & Sales info Yes No
Streaming TV info Yes No
Direct Market Routing - Stocks info Yes No
Ladder Trading info No No
Trade Hotkeys info Yes No
Level 2 Quotes - Stocks info Yes No
Trade Ideas - Backtesting info Yes No
Trade Ideas - Backtesting Adv info No No
Short Locator info Yes No
Order Liquidity Rebates info No No
Research Overview Fidelity Firstrade
Research - Stocks info Yes Yes
Research - ETFs info Yes Yes
Research - Mutual Funds info Yes Yes
Research - Pink Sheets / OTCBB info Yes Yes
Research - Bonds info Yes Yes
Screener - Stocks info Yes Yes
Screener - ETFs info Yes Yes
Screener - Mutual Funds info Yes Yes
Screener - Bonds info Yes Yes
Misc - Portfolio Allocation info Yes Yes
Stock Research Fidelity Firstrade
Stock Research - PDF Reports info 11 1
Stock Research - Earnings info Yes Yes
Stock Research - Insiders info Yes Yes
Stock Research - Social info Yes Yes
Stock Research - News info Yes Yes
Stock Research - ESG info Yes Yes
Stock Research - SEC Filings info Yes Yes
ETF Research Fidelity Firstrade
ETFs - Strategy Overview info Yes Yes
ETF Fund Facts - Inception Date info Yes Yes
ETF Fund Facts - Expense Ratio info Yes Yes
ETF Fund Facts - Net Assets info Yes Yes
ETF Fund Facts - Total Holdings info Yes Yes
ETFs - Top 10 Holdings info Yes Yes
ETFs - Sector Exposure info Yes Yes
ETFs - Risk Analysis info Yes Yes
ETFs - Ratings info Yes Yes
ETFs - Morningstar StyleMap info Yes Yes
ETFs - PDF Reports info Yes Yes
Mutual Fund Research Fidelity Firstrade
Mutual Funds - Strategy Overview info Yes Yes
Mutual Funds - Performance Chart info Yes Yes
Mutual Funds - Performance Analysis info Yes Yes
Mutual Funds - Prospectus info Yes Yes
Mutual Funds - 3rd Party Ratings info Yes Yes
Mutual Funds - Fees Breakdown info Yes Yes
Mutual Funds - Top 10 Holdings info Yes Yes
Mutual Funds - Asset Allocation info Yes Yes
Mutual Funds - Sector Allocation info Yes Yes
Mutual Funds - Country Allocation info Yes Yes
Mutual Funds - StyleMap info Yes Yes
Options Trading Fidelity Firstrade
Option Chains - Basic View info Yes Yes
Option Chains - Strategy View info Yes Yes
Option Chains - Streaming info Yes No
Option Chains - Total Columns info 26 8
Option Chains - Greeks info 5 5
Option Chains - Quick Analysis info Yes No
Option Analysis - P&L Charts info Yes Yes
Option Probability Analysis info Yes No
Option Probability Analysis Adv info Yes Yes
Option Positions - Greeks info Yes No
Option Positions - Greeks Streaming info Yes No
Option Positions - Adv Analysis info Yes No
Option Positions - Rolling info Yes Yes
Option Positions - Grouping info Yes No
Banking Fidelity Firstrade
Bank (Member FDIC) info No No
Checking Accounts info No Yes
Savings Accounts info No No
Credit Cards info Yes No
Debit Cards info Yes Yes
Mortgage Loans info Yes No
Customer Service Fidelity Firstrade
Phone Support (Prospect Customers) info Yes Yes
Phone Support (Current Customers) info Yes Yes
Email Support info Yes Yes
Live Chat (Prospect Customers) info Yes Yes
Live Chat (Current Customers) info Yes Yes
24/7 Support info Yes No
Overall Fidelity Firstrade
Overall 5/5 Stars 4/5 Stars
Range of Investments 5/5 Stars 4.5/5 Stars
Platforms & Tools 4.5/5 Stars 3/5 Stars
Mobile Trading Apps 5/5 Stars 4.5/5 Stars
Research 5/5 Stars 4.5/5 Stars
Education 5/5 Stars 3.5/5 Stars
Ease Of Use 5/5 Stars 4/5 Stars
Winner check_circle
Review Fidelity Review Firstrade Review
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