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Fidelity vs Public.com 2024

StockBrokers.com

Written by StockBrokers.com

October 30, 2024

In this head to head comparison of Fidelity vs Public.com, we will compare the trading platforms, mobile apps, investment options, 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
Public.com
3.5/5 Stars Overall
  • Minimum Deposit: $20.00
  • Stock Trades: $0.00 info
  • Options (Per Contract): $0.00 info

Investment options

When evaluating the investment options and capabilities of Fidelity versus Public.com, both platforms offer unique advantages, but Fidelity emerges as the more comprehensive choice according to StockBrokers.com rankings, where it holds the third position out of 18 brokers for investment options, whereas Public.com ranks at number fifteen. Fidelity is rated five stars for its robust assortment of investment offerings, while Public.com secures a three-star rating, indicating a narrower range of options. Prospective investors might prefer Public.com's impressive selection of 22 cryptocurrencies, surpassing Fidelity's offering of three. However, Fidelity's broad array of investment products, including mutual funds, traditional and Roth IRAs, and advisory services, provides a substantial edge for users seeking a full-service experience.

Both Fidelity and Public.com support stock trading, fractional shares, cryptocurrency trading, and options trading, in addition to allowing access to over-the-counter (OTC) stocks. They also enable margin trading, yet neither offers forex or futures trading capabilities. While Fidelity’s extensive selection of mutual funds is a significant draw, Public.com does not offer mutual fund trading, potentially limiting its appeal for investors seeking to diversify across mutual fund products. Furthermore, those interested in retirement investment strategies may favor Fidelity for its provision of both traditional and Roth IRA accounts.

The distinction between the platforms is also evident in the area of advisory services; Fidelity offers these resources to aid investors in decision-making and portfolio management, a service Public.com does not provide. Overall, for those who prioritize a diverse array of investment options and a suite of advisory services, Fidelity clearly stands out as a more well-rounded choice. However, Public.com's extensive cryptocurrency options might appeal to investors with a strong focus on the digital currency market.

Feature Fidelity logoFidelity
Public.com logoPublic.com
Stock Trading info Yes Yes
Margin Trading Yes Yes
Fractional Shares info Yes Yes
OTC Stocks info Yes Yes
Mutual Funds info Yes No
Options Trading info Yes Yes
Futures Trading info No No
Crypto Trading info Yes Yes
Crypto Trading - Total Coins info 3 22
Investment Options 5/5 Stars 3/5 Stars

Dive deeper: Best Options Trading Platforms & Brokers, 5 Best Futures Trading Platforms of 2024

Trading platforms and tools

Fidelity and Public.com offer vastly different experiences for traders, with Fidelity providing a comprehensive suite of trading platforms and tools rated 4.5 stars, while Public.com offers more basic features, earning a 2.5-star rating. Ranked third among 18 brokers by StockBrokers.com, Fidelity stands out for its extensive capabilities. In contrast, Public.com is ranked 17th, reflecting its more limited offerings. This comparison underscores Fidelity's strong feature set, making it a preferred choice for those seeking full-featured trading platforms.

Fidelity offers both Windows and Mac downloadable trading platforms in addition to a browser-based platform, providing flexibility and accessibility to a wide range of users. On the other hand, Public.com's platform is restricted to browser access only, limiting options for users who prefer downloadable software. A key benefit for Fidelity users is its robust range of tools including a trading journal, the ability to adjust open orders on stock charts, and chart customization options, such as saving multiple profiles and showing historical trades.

Charting capabilities further differentiate these brokers; Fidelity includes 129 technical indicators and 38 drawing tools, enabling users to conduct thorough technical analysis. Public.com, however, does not offer any technical indicators or drawing tools. Fidelity also caters to users seeking detailed market insights with features like chart annotations, index overlays, and the ability to display corporate events on charts. Public.com's charting features are notably more limited in these respects. Fidelity's robust technical analysis tools cater to active, detail-oriented traders, whereas Public.com's minimalist platform may appeal to beginners or those requiring simplified investing tools.

Feature Fidelity logoFidelity
Public.com logoPublic.com
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 3
Charting - Indicators / Studies info 129 0
Charting - Drawing Tools info 38 0
Platforms & Tools 4.5/5 Stars 2.5/5 Stars

Dive deeper: Best Stock Brokers for 2024, Best Paper Trading Platforms of 2024

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Beginners and education

When comparing the beginner and investor education capabilities of Fidelity and Public.com, several differences and similarities emerge. Both platforms offer comprehensive educational resources in stocks, ETFs, and options, as well as educational videos and webinars that cater to novices aiming to bolster their investment knowledge. While Fidelity also provides education on mutual funds and bonds, Public.com does not, which could be an important consideration for investors looking to explore a more diversified portfolio learning experience. Additionally, Fidelity goes a step further by offering educational quizzes and the ability to track learning progress, providing a structured learning path for beginners. Neither platform currently supports paper trading, which is something prospective investors may need to keep in mind.

In terms of overall educational quality, Fidelity outshines Public.com with a robust 5-star rating, thanks to its extensive range of educational materials and tools aimed at both beginners and more seasoned investors. According to StockBrokers.com, Fidelity is ranked #1 out of 18 brokers for education, highlighting its leadership in this pivotal aspect. Conversely, Public.com, while still providing quality educational offerings, receives a 3-star rating, placing it at #15 in the same ranking. This distinction underscores Fidelity's superior commitment to investor education, making it a more appealing choice for those seeking a comprehensive learning environment.

Feature Fidelity logoFidelity
Public.com logoPublic.com
Education (Stocks) info Yes Yes
Education (ETFs) info Yes Yes
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 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2024

Stock trading apps

Fidelity and Public.com both offer robust stock trading apps, yet there are significant differences that may influence the choice of investors. Fidelity emerges as the more comprehensive option, offering a range of advanced features that cater to more experienced traders. It is rated 5 stars and ranks third in StockBrokers.com's list of best stock trading apps. In contrast, Public.com provides a user-friendly platform that may appeal to beginners, holding a 4-star rating and ranking 14th out of 18 brokers.

Both Fidelity and Public.com offer mobile apps accessible on iPhone and Android devices; however, Fidelity stands out with the addition of an Apple Watch app, something Public.com does not provide. In terms of features, Fidelity supports after-hours stock and options trading on mobile, along with streaming quotes and live TV, video on demand, and customizable watch lists. Public.com matches Fidelity with mobile options trading and the ability to customize watch list columns but lacks in streaming capabilities and the comprehensive alert systems that Fidelity supports.

Charting capabilities differ significantly between the two platforms. Fidelity allows users to access after-hours charting, view charts in landscape mode, and offers 119 technical studies for in-depth analysis. Users can also view charts in multiple time frames and display stock comparisons. While Public.com permits stock comparisons and multiple time frame views, it offers none of the technical studies Fidelity provides. These differences highlight Fidelity as a more feature-rich choice for traders seeking comprehensive charting functionalities.

Feature Fidelity logoFidelity
Public.com logoPublic.com
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes No
Stock Alerts info Yes No info
Charting - After-Hours info Yes No
Charting - Technical Studies info 119 0
Mobile Trading Apps 5/5 Stars 4/5 Stars

Dive deeper: Best Stock Trading Apps of 2024

Fees

When comparing Fidelity and Public.com, investors will find that both platforms offer competitive options for commission-free stock trading and a range of financial services. Fidelity stands out with a complete lack of account maintenance fees, such as no IRA annual or closure fees, and zero charges for account transfers, making it an attractive option for investors who prioritize a cost-effective strategy. On the other hand, Public.com may appeal to traders looking to engage in options trading without incurring costs, as it offers zero fees per options contract, compared to Fidelity's $0.65 per contract. Both platforms cater to different priorities, allowing investors to choose based on their unique financial needs.

Fidelity excels with a $0 minimum deposit requirement, aiding newer investors who wish to enter the market without an initial financial commitment. In contrast, Public.com requires a minimum deposit of $20. While both platforms afford commission-free regular stock trades and options exercise and assignment, the fee structures show differences when it comes to additional services. Furthermore, when considering margin interests for balances below $50,000, Public.com offers significantly lower rates than Fidelity, starting from 8.75% and dropping to 6.75% for balances between $50,000 and $99,999, compared to Fidelity's higher rates.

In terms of transferring funds, Fidelity offers both partial and full account transfers without any fees, while Public.com charges a $75 fee for each. This fee difference could be pivotal for investors planning to switch accounts or manage multiple investment strategies. Both platforms offer their own sets of advantages, with Fidelity appealing to those avoiding maintenance and transfer fees and Public.com being a cost-effective choice for options trading without contract fees.

Feature Fidelity logoFidelity
Public.com logoPublic.com
Minimum Deposit $0.00 $20.00
Stock Trades $0.00 $0.00 info
Options (Per Contract) $0.65 $0.00 info
Options Exercise Fee $0.00 $0.00
Options Assignment Fee $0.00 $0.00
IRA Annual Fee $0.00
IRA Closure Fee $0.00
Commissions & Fees 5/5 Stars 4.5/5 Stars

Dive deeper: Best Brokers for Free Stock Trading of 2024

Day Trading

When evaluating Fidelity and Public.com for day trading capabilities, several distinct advantages are apparent for Fidelity users. Fidelity provides streaming time and sales data for stocks, which is crucial for day traders requiring real-time market insight, while Public.com does not offer this feature. In addition to broadcasting live TV, which can be a valuable resource for staying updated on financial news, Fidelity supports direct market routing for stocks and offers trading hotkeys for quicker trade entries, features that Public.com lacks. Fidelity users can also access level 2 quotes for deeper market insight and use a short locator tool to view real-time share availability for shorting, enhancing their tactical trading decisions.

Moreover, Fidelity provides basic strategy backtesting, though neither platform offers advanced strategy backtesting capabilities. Both Fidelity and Public.com do not have ladder trading or order liquidity rebates, which are significant considerations for some traders. Overall, Fidelity presents a more robust platform for day traders requiring comprehensive tools and features for real-time stock analysis and execution speed, making it a preferable choice over Public.com for day trading activities.

Feature Fidelity logoFidelity
Public.com logoPublic.com
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 of 2024

Market Research

When comparing market research capabilities between Fidelity and Public.com, Fidelity emerges as the more comprehensive option, particularly if you value in-depth insights across various financial instruments. With a 5-star rating and a commendable 5th place ranking out of 18 brokers by StockBrokers.com, Fidelity offers extensive research tools, including stock, ETF, mutual fund, and bond data, alongside valuable resources like social media sentiment and ESG research. In contrast, Public.com, with its 2-star rating, ranks 17th, providing a more limited offering focused mainly on stock and ETF research without downloadable reports or advanced screening tools.

Fidelity sets itself apart with a wealth of research options covering stocks, ETFs, mutual funds, and bonds. Investors can access downloadable PDFs, utilize screeners for trade ideas, and explore ESG factors, which makes it suitable for those seeking robust portfolio insights and data-driven investment decisions. Additionally, Fidelity supports researching Pink Sheets/OTCBB and offers detailed tools for assessing portfolio allocation by asset class. Public.com, while offering basic stock and ETF research, does not provide downloadable reports, screeners, or broader financial instrument research, making it less ideal for comprehensive market analysis.

While Public.com does include Pink Sheets/OTCBB research, its market research offerings remain limited without bond analysis or ESG considerations. Conversely, Fidelity provides 11 downloadable PDF research reports for stocks, catering well to investors who prefer detailed documentation. Furthermore, its inclusion of social media sentiment data offers an extra layer of analysis, ensuring a well-rounded market research experience. In summary, Fidelity's extensive array of research tools greatly surpasses Public.com's offerings, making it the superior choice for investors in need of thorough market insights.

Feature Fidelity logoFidelity
Public.com logoPublic.com
Research - Stocks info Yes Yes
Screener - Stocks info Yes No
Research - ETFs info Yes Yes
Screener - ETFs info Yes No
Research - Mutual Funds info Yes No
Screener - Mutual Funds info Yes No
Research - Bonds info Yes No
Screener - Bonds info Yes No
Research 5/5 Stars 2/5 Stars

Banking

When evaluating the banking capabilities of online brokers Fidelity and Public.com, distinct differences emerge. Fidelity does not offer traditional checking or savings accounts, similar to Public.com which also doesn't provide these options. However, Fidelity stands out with its range of financial products including debit and credit cards, whereas Public.com does not offer any card services. Additionally, Fidelity presents more opportunities for financial growth with certificates of deposit (CDs) and mortgage loans, options not available with Public.com. This comparison highlights Fidelity's more comprehensive approach to banking services, catering to a diverse range of financial needs compared to Public.com's more limited offerings.

Feature Fidelity logoFidelity
Public.com logoPublic.com
Checking Accounts info No No
Savings Accounts info No No
Debit Cards info Yes No
Credit Cards info Yes No
Mortgage Loans info Yes No
CDs info Yes No

Dive deeper: Best Bank Brokerages of 2024

Winner

After opening live accounts and testing 18 of the best online brokers, our research and live account testing finds that Fidelity is better than Public.com. Fidelity finished with an overall score of 98.7%, while Public.com finished with a score of 72.9%.

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 Public.com?

When comparing Fidelity and Public.com for crypto trading, both platforms offer this feature; however, Fidelity provides access to 3 cryptocurrencies, while Public.com offers a broader selection with 22 coins.

Dive deeper: Best Crypto Trading Platforms of 2024

Does Fidelity or Public.com offer IRAs?

When comparing online brokers, Fidelity offers a comprehensive retirement package with both traditional and Roth IRA accounts at no annual or closure fees, whereas Public.com does not provide IRA account options.

Dive deeper: Best IRA Accounts of 2024

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Compare

0 of 5
Overall Rating Fidelity Public.com
Overall 5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 4.5/5 Stars
Investment Options 5/5 Stars 3/5 Stars
Platforms & Tools 4.5/5 Stars 2.5/5 Stars
Mobile Trading Apps 5/5 Stars 4/5 Stars
Research 5/5 Stars 2/5 Stars
Customer Service 4.5/5 Stars N/A
Education 5/5 Stars 3/5 Stars
Ease Of Use 5/5 Stars 4/5 Stars
Winner check_circle
Review Fidelity Review Public.com Review
Broker Screenshots Fidelity Public.com
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 Public.com
Minimum Deposit $0.00 $20.00
Stock Trades $0.00 $0.00 info
Penny Stock Fees (OTC) info $0.00 $2.99
Mutual Fund Trade Fee Varies info n/a
Options (Per Contract) $0.65 $0.00 info
Futures (Per Contract) (Not offered) (Not offered)
Broker Assisted Trade Fee $32.95 n/a
Margin Rates Fidelity Public.com
Margin Rate Under $25,000 13.075% 8.75%
Margin Rate $25,000 to $49,999.99 12.575% 8.75%
Margin Rate $50,000 to $99,999.99 12.125% 6.75%
Margin Rate $100,000 to $249,999.99 11.575% 6.75%
Margin Rate $250,000 to $499,999.99 11.325% 5.75%
Margin Rate $500,000 to $999,999.99 9.00% 5.75%
Margin Rate Above $1,000,000 8.75% 5.75%
Account Fees Fidelity Public.com
IRA Annual Fee $0.00
IRA Closure Fee $0.00
Account Transfer Out (Partial) info $0.00 $75.00
Account Transfer Out (Full) info $0.00 $75.00
Options Exercise Fee $0.00 $0.00
Options Assignment Fee $0.00 $0.00
Investment Options Fidelity Public.com
Stock Trading info Yes Yes
Margin Trading Yes Yes
Fractional Shares info Yes Yes
OTC Stocks info Yes Yes
Options Trading info Yes Yes
Complex Options Max Legs info 4 0
Futures Trading info No No
Forex Trading info No No
Crypto Trading info Yes Yes
Crypto Trading - Total Coins info 3 22
Mutual Funds (No Load) info 5843 0
Mutual Funds (Total) info 10000 0
Bonds (US Treasury) info Yes Yes
Bonds (Corporate) info Yes Yes
Bonds (Municipal) info Yes No
Traditional IRAs info Yes No
Roth IRAs info Yes No
Advisor Services info Yes No
International Countries (Stocks) info 25 0
Order Types Fidelity Public.com
Order Type - Market info Yes Yes
Order Type - Limit info Yes Yes
Order Type - After Hours info Yes Yes info
Order Type - Stop info Yes Yes
Order Type - Trailing Stop info Yes No
Order Type - OCO info Yes No
Order Type - OTO info Yes No
Order Type - Broker Assisted info Yes No
Beginners Fidelity Public.com
Education (Stocks) info Yes Yes
Education (ETFs) info Yes Yes
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 No
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 Public.com
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 No
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info Yes No
Stock App Features Fidelity Public.com
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info Yes No
Videos on Demand info Yes No
Stock Alerts info Yes No info
Option Chains Viewable info Yes Yes
Watch List (Real-time) info Yes Yes
Watch List (Streaming) info Yes No
Watch Lists - Create & Manage info Yes No
Watch Lists - Column Customization info Yes Yes
Stock App Charting Fidelity Public.com
Charting - After-Hours info Yes No
Charting - Can Turn Horizontally info Yes No
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 119 0
Charting - Study Customizations info Yes No
Charting - Stock Comparisons info Yes Yes
Trading Platforms Fidelity Public.com
Active Trading Platform info Active Trader Pro n/a
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 3
Stock Chart Features Fidelity Public.com
Charting - Adjust Trades on Chart info Yes No
Charting - Indicators / Studies info 129 0
Charting - Drawing Tools info 38 0
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 No
Charting - Study Customizations info 5 0
Charting - Custom Studies info No No
Day Trading Fidelity Public.com
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 Public.com
Research - Stocks info Yes Yes
Research - ETFs info Yes Yes
Research - Mutual Funds info Yes No
Research - Pink Sheets / OTCBB info Yes Yes
Research - Bonds info Yes No
Screener - Stocks info Yes No
Screener - ETFs info Yes No
Screener - Mutual Funds info Yes No
Screener - Bonds info Yes No
Misc - Portfolio Allocation info Yes No info
Stock Research Fidelity Public.com
Stock Research - PDF Reports info 11 0 info
Stock Research - Earnings info Yes Yes
Stock Research - Insiders info Yes No
Stock Research - Social info Yes No
Stock Research - News info Yes Yes
Stock Research - ESG info Yes No
Stock Research - SEC Filings info Yes No
ETF Research Fidelity Public.com
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 No
ETFs - Top 10 Holdings info Yes No
ETFs - Sector Exposure info Yes No
ETFs - Risk Analysis info Yes No
ETFs - Ratings info Yes No
ETFs - Morningstar StyleMap info Yes No
ETFs - PDF Reports info Yes No
Mutual Fund Research Fidelity Public.com
Mutual Funds - Strategy Overview info Yes No
Mutual Funds - Performance Chart info Yes No
Mutual Funds - Performance Analysis info Yes No
Mutual Funds - Prospectus info Yes No
Mutual Funds - 3rd Party Ratings info Yes No
Mutual Funds - Fees Breakdown info Yes No
Mutual Funds - Top 10 Holdings info Yes No
Mutual Funds - Asset Allocation info Yes No
Mutual Funds - Sector Allocation info Yes No
Mutual Funds - Country Allocation info Yes No
Mutual Funds - StyleMap info Yes No
Options Trading Fidelity Public.com
Option Chains - Basic View info Yes No
Option Chains - Strategy View info Yes No
Option Chains - Streaming info Yes No
Option Chains - Total Columns info 26 4
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 No
Option Probability Analysis Adv info Yes No
Option Positions - Greeks info Yes Yes
Option Positions - Greeks Streaming info Yes No
Option Positions - Adv Analysis info Yes No
Option Positions - Rolling info Yes No
Option Positions - Grouping info Yes No
Banking Fidelity Public.com
Bank (Member FDIC) info No No
Checking Accounts info No No
Savings Accounts info No No
Credit Cards info Yes No
Debit Cards info Yes No
Mortgage Loans info Yes No
Customer Service Fidelity Public.com
Phone Support (Prospect Customers) info Yes No
Phone Support (Current Customers) info Yes No
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 Public.com
Overall 5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 4.5/5 Stars
Investment Options 5/5 Stars 3/5 Stars
Platforms & Tools 4.5/5 Stars 2.5/5 Stars
Mobile Trading Apps 5/5 Stars 4/5 Stars
Research 5/5 Stars 2/5 Stars
Education 5/5 Stars 3/5 Stars
Ease Of Use 5/5 Stars 4/5 Stars
Winner check_circle
Review Fidelity Review Public.com Review
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