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Interactive Brokers vs Fidelity 2025

StockBrokers.com

Written by StockBrokers.com

March 11, 2025

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

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

Range of investments

When deciding between Interactive Brokers and Fidelity for your investment needs, it's important to consider the breadth of services each platform offers. Both platforms garner a perfect five-star rating for their range of investment options, with Interactive Brokers ranking first and Fidelity coming in third according to StockBrokers.com. However, each provides unique features that might suit different trading strategies and investor preferences. While both offer stock, margin, options, and crypto trading, Interactive Brokers extends its offerings further into forex and futures trading—areas in which Fidelity does not participate. Fidelity compensates with comprehensive advisor services, which might appeal to those seeking guidance in managing their portfolios.

Interactive Brokers distinguishes itself with the ability to trade across various markets, offering fractional shares, OTC stocks, mutual funds, and the opportunity to trade in four cryptocurrencies. The inclusion of forex and futures trading options expands the possibilities for investors looking to diversify and venture beyond traditional stock markets. For investors interested in cryptocurrencies, Interactive Brokers offers a slight edge by providing access to one additional digital coin compared to Fidelity. Furthermore, Interactive Brokers supports traditional and Roth IRA accounts, catering to those planning for retirement.

On the other hand, Fidelity offers a well-rounded suite of investment options and shines in providing expert advisor services, a feature that Interactive Brokers does not provide. This makes Fidelity particularly appealing to those who value professional financial advice in navigating their investment journeys. Additionally, Fidelity supports stock, margin, and options trading, along with mutual funds and crypto trading in three cryptocurrencies. Investors who prioritize hands-on guidance and comprehensive retirement planning will find Fidelity's offerings robust, with traditional and Roth IRA accounts available to secure their financial future.

Feature Interactive Brokers logoInteractive Brokers
Fidelity logoFidelity
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 Yes No
Crypto Trading info Yes info Yes
Crypto Trading - Total Coins info 4 info 3
Range of Investments 5/5 Stars 5/5 Stars

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

Trading platforms and tools

When it comes to trading platforms and tools, Interactive Brokers holds a slight edge over Fidelity, primarily due to its broader range of features and customization options. Interactive Brokers is rated 5 stars and ranks second among 15 brokers reviewed on StockBrokers.com, outshining Fidelity, which earns 4.5 stars and ranks fourth. Both brokers offer downloadable and browser-based platforms that cater to Windows and Mac users, but Interactive Brokers stands out with features like paper trading and a more extensive array of customization options for watch lists and charting.

Interactive Brokers offers an impressive 659 fields for watch lists compared to Fidelity’s 92, providing traders with more detailed data points at their fingertips. Moreover, it excels in technical analysis tools, featuring 155 technical indicators and 85 drawing tools, as opposed to Fidelity’s 129 indicators and 38 drawing tools. Users will also appreciate the ability to adjust open orders directly on charts and the shared features between brokers, such as adding notes, index overlays, and displaying corporate events on charts.

Despite their differences, both Interactive Brokers and Fidelity provide a suite of essential tools, including trading journals, the ability to show historical trades, set custom date ranges, and save multiple chart profiles. However, neither broker offers the ability to create custom studies for charts. While Fidelity remains a strong contender for its ease of use and quality service, Interactive Brokers impresses with its advanced features, earning it a higher rating and making it an attractive choice for traders seeking a comprehensive and customizable trading experience.

Feature Interactive Brokers logoInteractive Brokers
Fidelity logoFidelity
Web Trading Platform info Yes Yes
Desktop Trading Platform info Yes Yes
Desktop Platform (Mac) info Yes Yes
Paper Trading info Yes No
Watch Lists - Total Fields info 659 92
Charting - Indicators / Studies info 155 129
Charting - Drawing Tools info 85 38
Platforms & Tools 5/5 Stars 4.5/5 Stars

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

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Beginners and education

When comparing beginner and investor education, both Interactive Brokers and Fidelity stand out as strong options. Each platform offers a comprehensive suite of educational resources covering stocks, ETFs, options, mutual funds, and bonds, ensuring that newcomers can gain in-depth knowledge across a variety of financial instruments. Interactive Brokers and Fidelity both provide educational videos, webinars, and quizzes to cater to different learning styles. However, Interactive Brokers edges out slightly with its inclusion of paper trading, allowing learners to practice their trading strategies without financial risk. Both brokers offer tools to track your learning progress, making it easier to see how you're advancing in your investment education journey.

Ranked among the top brokers, Fidelity comes in at the second spot while Interactive Brokers takes the third position according to StockBrokers.com. Both receive a 5-star rating for their educational offerings, reflecting the quality and depth of resources available to users. Fidelity and Interactive Brokers are committed to educating their users, offering varied learning paths to match different needs and preferences. These platforms empower beginner investors with the knowledge and confidence needed to take their first steps in the world of investing.

Feature Interactive Brokers logoInteractive Brokers
Fidelity logoFidelity
Education (Stocks) info Yes Yes
Education (ETFs) info Yes Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info Yes Yes
Education (Bonds) info Yes Yes
Paper Trading info Yes No
Videos info Yes Yes
Webinars info Yes Yes
Education 5/5 Stars 5/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2025

Stock trading apps

When choosing between Interactive Brokers and Fidelity for stock trading app capabilities, it ultimately comes down to personal preference for specific features, as both platforms offer a wide array of similar functionalities. Both apps are top-rated with five-star ratings for their mobile trading experiences. Ranked #2 and #3 respectively by StockBrokers.com, Interactive Brokers and Fidelity provide high-quality trading experiences with seamless access across both iOS and Android devices, making them leading choices for stock traders.

Interactive Brokers and Fidelity ensure their apps meet high standards by offering features sought by traders. Both platforms provide iPhone, Android, and Apple Watch compatibility, alongside streaming live TV and on-demand videos for market insights. They also support mobile after-hours and options trading and facilitate stock alerts and customizable watch lists. Fidelity edges out slightly with the ability to display stock comparisons on charts, a feature that Interactive Brokers currently lacks.

From a charting perspective, both apps allow users to create custom watch lists, customize watch list columns, and view charts in landscape mode with multiple time frames. While Interactive Brokers provides 97 technical studies, Fidelity offers a broader range with 119. Both apps enable after-hours charting, yet Fidelity's ability to include stock comparison charts gives it a slight advantage, making it potentially more appealing to those who prioritize detailed chart analysis as part of their trading strategy.

Feature Interactive Brokers logoInteractive Brokers
Fidelity logoFidelity
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes Yes
Stock Alerts info Yes Yes
Charting - After-Hours info Yes Yes
Charting - Technical Studies info 97 119
Mobile Trading Apps 5/5 Stars 5/5 Stars

Dive deeper: Best Stock Trading Apps for 2025

Fees

When comparing Interactive Brokers to Fidelity, both platforms offer competitive fee structures with clear advantages. While both brokers charge no minimum deposit and provide commission-free regular stock trades, they present a significant difference in margin rates. Interactive Brokers offers considerably lower margin rates across various balance tiers, which might attract margin traders. Both platforms are on par for options contract fees at $0.65 per contract, and they share the benefit of no fees for IRA accounts and closure, as well as free account transfers, options exercise, and assignment.

Interactive Brokers sets itself apart with its lower margin interest rates, especially beneficial for investors looking to leverage under $100,000. Margin balances below $25,000 at Interactive Brokers are charged an interest rate of 7.33%, compared to Fidelity's higher 13.075%. This trend of favorable rates continues with balances between $25,000 to $49,999 at 7.33% versus Fidelity's 12.575%, and for balances running from $50,000 to $99,999, where Interactive Brokers maintains the same 7.33%, compared to Fidelity's 12.125%.

Beyond margin rates, both Interactive Brokers and Fidelity waive many common charges that might appeal to account holders concerned about hidden fees. Neither platform imposes fees on IRA maintenance or closure, nor do they charge for account transfers, whether partial or full. They also abstain from fees associated with options exercises and assignments, providing fee transparency and predictability in key areas where investors typically seek to minimize costs.

Feature Interactive Brokers logoInteractive Brokers
Fidelity logoFidelity
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Options (Per Contract) info $0.65 $0.65
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

Interactive Brokers and Fidelity both provide essential tools and features for day traders, making them leading choices for active investors. Both platforms offer streaming time and sales data, live TV, direct market routing, level 2 quotes, and trading hotkeys, ensuring traders have real-time information and flexible trading options at their fingertips. While both allow for basic strategy backtesting and have a short locator tool to check real-time share availability for short selling, differences emerge when we look deeper into their offerings.

Interactive Brokers stands out with its advanced strategy backtesting capabilities, ladder trading, and order liquidity rebates, which can be crucial for sophisticated traders looking to refine their trading strategies and reduce costs. On the other hand, Fidelity, although lacking in these areas, still provides a solid platform for day trading with its comprehensive selection of core tools. Ultimately, the choice between the two will depend on the specific needs and preferences of traders seeking either simplified operations or more advanced trading functionalities.

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

Dive deeper: Best Day Trading Platforms for 2025

Market Research

When it comes to market research capabilities, both Interactive Brokers and Fidelity shine as top choices for investors. Interactive Brokers offers an impressive array of research tools, earning a perfect 5-star rating for market research. Fidelity also receives a 5-star rating, showcasing their robust lineup. Both platforms provide comprehensive stock, ETF, mutual fund, pink sheets, OTCBB, and bond research. While Interactive Brokers holds a ranking of #4, Fidelity slightly edges ahead at #3, according to StockBrokers.com.

Both Interactive Brokers and Fidelity excel in providing detailed insights into market data. They each offer the ability to analyze portfolio allocation by asset class and incorporate social media sentiment into their stock research, enhancing the decision-making process for investors. Additionally, both offer ESG (Environmental, Social, and Governance) research, allowing users to make informed socially conscious investment choices. When it comes to downloadable PDF research reports for stocks, Interactive Brokers leads with 15 available reports compared to Fidelity’s 11. Both provide downloadable research for ETFs, but only Interactive Brokers offers this for mutual funds.

Both platforms are equipped with screeners for stocks, ETFs, mutual funds, and bonds, making it easier for investors to generate trade ideas and explore different investment strategies. Although Fidelity and Interactive Brokers are similarly rated, they cater to slightly different preferences in user experience and resource availability, making the choice between them a matter of personal needs and priorities.

Feature Interactive Brokers logoInteractive Brokers
Fidelity logoFidelity
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 5/5 Stars

Banking

When comparing the banking features of Interactive Brokers and Fidelity, there are some key differences to consider. Neither Interactive Brokers nor Fidelity provide checking or savings accounts, but Fidelity takes the lead in terms of other banking services. While Interactive Brokers does not offer debit or credit cards, Fidelity provides both, making it more versatile for everyday payment needs. Furthermore, Fidelity offers mortgage loans, an area where Interactive Brokers does not. However, both platforms offer Certificates of Deposit (CDs), a solid choice for savers looking to grow their money with a guaranteed return. For comprehensive financial services, especially in banking, Fidelity holds an advantage over Interactive Brokers.

Feature Interactive Brokers logoInteractive Brokers
Fidelity logoFidelity
Checking Accounts info No No
Savings Accounts info No No
Debit Cards info No Yes
Credit Cards info No Yes
Mortgage Loans info No Yes
CDs info Yes Yes

Dive deeper: Best Bank Accounts for Trading Stocks for 2025

Winner

After opening live accounts and testing 15 of the best online brokers, our research and live account testing finds that Interactive Brokers is better than Fidelity. Interactive Brokers finished with an overall score of 96.9%, while Fidelity finished with a score of 96.2%.

Interactive Brokers is a go-to choice for professionals because of its institutional-grade desktop trading platform, high-quality trade executions and rock-bottom margin rates.

FAQs

Can you trade cryptocurrency with Interactive Brokers or Fidelity?

Interactive Brokers and Fidelity both offer crypto trading, with Interactive Brokers providing access to 4 coins compared to Fidelity's 3 coins, making Interactive Brokers a slightly more expansive choice for cryptocurrency enthusiasts.

Dive deeper: Best Online Brokers for Crypto Trading in 2025

Does Interactive Brokers or Fidelity offer IRAs?

Both Interactive Brokers and Fidelity offer Traditional and Roth IRA accounts with no annual or closure fees, providing cost-effective investment options for retirement savings.

Dive deeper: Best IRA Accounts for 2025

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Compare

0 of 5
Overall Rating Interactive Brokers Fidelity
Overall 5/5 Stars 5/5 Stars
Range of Investments 5/5 Stars 5/5 Stars
Platforms & Tools 5/5 Stars 4.5/5 Stars
Mobile Trading Apps 5/5 Stars 5/5 Stars
Research 5/5 Stars 5/5 Stars
Customer Service 4/5 Stars 4.5/5 Stars
Education 5/5 Stars 5/5 Stars
Ease Of Use 5/5 Stars 5/5 Stars
Winner check_circle
Review Interactive Brokers Review Fidelity Review
Broker Screenshots Interactive Brokers Fidelity
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 Interactive Brokers Fidelity
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Penny Stock Fees (OTC) info $0.01 $0.00
Mutual Fund Trade Fee info $14.95 info Varies info
Options (Per Contract) info $0.65 $0.65
Futures (Per Contract) info $0.85 (Not offered)
Broker Assisted Trade Fee info Varies $32.95
Margin Rates Interactive Brokers Fidelity
Margin Rate Under $25,000 info 7.33% info 13.075%
Margin Rate $25,000 to $49,999.99 info 7.33% info 12.575%
Margin Rate $50,000 to $99,999.99 info 7.33% info 12.125%
Margin Rate $100,000 to $249,999.99 info 7.33% info 11.575%
Margin Rate $250,000 to $499,999.99 info 7.33% info 11.325%
Margin Rate $500,000 to $999,999.99 info 7.33% info 9.00%
Margin Rate Above $1,000,000 info 7.33% info 8.75%
Account Fees Interactive Brokers Fidelity
IRA Annual Fee info $0.00 $0.00
IRA Closure Fee info $0.00 $0.00
Account Transfer Out (Partial) info $0.00 $0.00
Account Transfer Out (Full) info $0.00 $0.00
Options Exercise Fee info $0.00 $0.00
Options Assignment Fee info $0.00 $0.00
Investment Options Interactive Brokers Fidelity
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 6 4
Futures Trading info Yes No
Forex Trading info Yes No
Crypto Trading info Yes info Yes
Crypto Trading - Total Coins info 4 info 3
Mutual Funds (No Load) info 10988 5843
Mutual Funds (Total) info 11456 10000
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 No Yes
International Countries (Stocks) info 34 25
Order Types Interactive Brokers Fidelity
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 Interactive Brokers Fidelity
Education (Stocks) info Yes Yes
Education (ETFs) info Yes Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info Yes Yes
Education (Bonds) info Yes Yes
Education (Retirement) info Yes Yes
Retirement Calculator info Yes Yes
Investor Dictionary info Yes Yes
Paper Trading info Yes No
Videos info Yes Yes
Webinars info Yes Yes
Webinars (Archived) info Yes Yes
Progress Tracking info Yes Yes
Interactive Learning - Quizzes info Yes Yes
Stock Trading Apps Interactive Brokers Fidelity
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes Yes
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 Interactive Brokers Fidelity
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info Yes Yes
Videos on Demand info Yes Yes
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 Interactive Brokers Fidelity
Charting - After-Hours info Yes Yes
Charting - Can Turn Horizontally info Yes Yes
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 97 119
Charting - Study Customizations info Yes Yes
Charting - Stock Comparisons info No Yes
Trading Platforms Interactive Brokers Fidelity
Active Trading Platform info Trader Workstation (TWS) Active Trader Pro
Desktop Trading Platform info Yes Yes
Desktop Platform (Mac) info Yes Yes
Web Trading Platform info Yes Yes
Paper Trading info Yes No
Trade Journal info Yes Yes
Watch Lists - Total Fields info 659 92
Stock Chart Features Interactive Brokers Fidelity
Charting - Adjust Trades on Chart info Yes Yes
Charting - Indicators / Studies info 155 129
Charting - Drawing Tools info 85 38
Charting - Notes info Yes Yes
Charting - Index Overlays info Yes Yes
Charting - Historical Trades info Yes Yes
Charting - Corporate Events info Yes Yes
Charting - Custom Date Range info Yes Yes
Charting - Custom Time Bars info Yes Yes
Charting - Automated Analysis info Yes Yes
Charting - Save Profiles info Yes Yes
Trade Ideas - Technical Analysis info Yes Yes
Charting - Study Customizations info 6 5
Charting - Custom Studies info No No
Day Trading Interactive Brokers Fidelity
Streaming Time & Sales info Yes Yes
Streaming TV info Yes Yes
Direct Market Routing - Stocks info Yes Yes
Ladder Trading info Yes No
Trade Hotkeys info Yes Yes
Level 2 Quotes - Stocks info Yes Yes
Trade Ideas - Backtesting info Yes Yes
Trade Ideas - Backtesting Adv info Yes No
Short Locator info Yes Yes
Order Liquidity Rebates info Yes No
Research Overview Interactive Brokers Fidelity
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 Interactive Brokers Fidelity
Stock Research - PDF Reports info 15 info 11
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 Interactive Brokers Fidelity
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 Interactive Brokers Fidelity
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 Interactive Brokers Fidelity
Option Chains - Basic View info Yes Yes
Option Chains - Strategy View info Yes Yes
Option Chains - Streaming info Yes Yes
Option Chains - Total Columns info 40 26
Option Chains - Greeks info 5 5
Option Chains - Quick Analysis info Yes Yes
Option Analysis - P&L Charts info Yes Yes
Option Probability Analysis info Yes Yes
Option Probability Analysis Adv info Yes Yes
Option Positions - Greeks info Yes Yes
Option Positions - Greeks Streaming info Yes Yes
Option Positions - Adv Analysis info Yes Yes
Option Positions - Rolling info Yes Yes
Option Positions - Grouping info Yes Yes
Banking Interactive Brokers Fidelity
Bank (Member FDIC) info No No
Checking Accounts info No No
Savings Accounts info No No
Credit Cards info No Yes
Debit Cards info No Yes
Mortgage Loans info No Yes
Customer Service Interactive Brokers Fidelity
Phone Support (Prospect Customers) info Yes Yes
Phone Support (Current Customers) info Yes Yes
Email Support info Yes Yes
Live Chat (Prospect Customers) info No Yes
Live Chat (Current Customers) info Yes Yes
24/7 Support info No Yes
Overall Interactive Brokers Fidelity
Overall 5/5 Stars 5/5 Stars
Range of Investments 5/5 Stars 5/5 Stars
Platforms & Tools 5/5 Stars 4.5/5 Stars
Mobile Trading Apps 5/5 Stars 5/5 Stars
Research 5/5 Stars 5/5 Stars
Education 5/5 Stars 5/5 Stars
Ease Of Use 5/5 Stars 5/5 Stars
Winner check_circle
Review Interactive Brokers Review Fidelity Review
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