StockBrokers.com is committed to the highest ethical standards and reviews services independently. Learn how we make money.
Home
Online Brokerage Comparison Tool
Is Fidelity better than Robinhood? After testing 17 of the best online brokers over three months, Fidelity (98.22%) is better than Robinhood (83.65%). Our top pick overall for 2023, Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools and an easy-to-use mobile app.
Select Brokers
↓×
- check_box_outline_blankcheck_boxAlly Invest
- check_box_outline_blankcheck_boxCharles Schwab
- check_box_outline_blankcheck_boxE*TRADE
- check_box_outline_blankcheck_boxeToro
- check_box_outline_blankcheck_boxFidelity
- check_box_outline_blankcheck_boxFirstrade
- check_box_outline_blankcheck_boxInteractive Brokers
- check_box_outline_blankcheck_boxJ.P. Morgan Self-Directed Investing
- check_box_outline_blankcheck_boxMerrill Edge
- check_box_outline_blankcheck_boxRobinhood
- check_box_outline_blankcheck_boxSofi Invest
- check_box_outline_blankcheck_boxtastytrade
- check_box_outline_blankcheck_boxTD Ameritrade
- check_box_outline_blankcheck_boxTradeStation
- check_box_outline_blankcheck_boxTradier
- check_box_outline_blankcheck_boxVanguard
- check_box_outline_blankcheck_boxWebull
×
×
Sponsored
navigate_beforenavigate_next
| Overall Rating | Fidelity | Robinhood | |
|---|---|---|---|
| Overall |  |  | |
| Commissions & Fees | |  | |
| Investment Options | |  | |
| Platforms & Tools | |  | |
| Mobile Trading Apps | | | |
| Research | |  | |
| Customer Service | | N/A | |
| Education | | | |
| Ease Of Use | | | |
| Winner | check_circle | ||
| Review | Fidelity Review | Robinhood Review |
| Trading Fees | Fidelity | Robinhood | |
|---|---|---|---|
| Minimum Deposit | $0.00 | $0.00 | |
| Stock Trades | $0.00 | $0.00 | |
| Penny Stock Fees (OTC)info | $0.00 | N/A | |
| Mutual Fund Trade Fee | $49.95 | N/A | |
| Options (Base Fee) | $0.00 | $0.00 | |
| Options (Per Contract) | $0.65 | $0.00 | |
| Futures (Per Contract) | N/A | N/A | |
| Broker Assisted Trade Fee | $32.95 | N/A |
| Margin Rates | Fidelity | Robinhood | |
|---|---|---|---|
| Margin Rate Under $25,000 | 13.08% | 11.75% info | |
| Margin Rate $25,000 to $49,999.99 | 12.58% | 11.75% info | |
| Margin Rate $50,000 to $99,999.99 | 11.63% | 11.75% info | |
| Margin Rate $100,000 to $249,999.99 | 11.58% | 11.75% info | |
| Margin Rate $250,000 to $499,999.99 | 11.33% | 11.75% info | |
| Margin Rate $500,000 to $999,999.99 | 9.00% | 11.75% info | |
| Margin Rate Above $1,000,000 | 8.75% | 11.75% info |
| Account Fees | Fidelity | Robinhood | |
|---|---|---|---|
| IRA Annual Fee | $0.00 | $0.00 | |
| IRA Closure Fee | $0.00 | $0.00 | |
| Account Transfer Out (Partial)info | $0.00 | $100.00 | |
| Account Transfer Out (Full)info | $0.00 | $100.00 | |
| Options Exercise Fee | $0.00 | $0.00 | |
| Options Assignment Fee | $0.00 | $0.00 |
| Investment Options | Fidelity | Robinhood | |
|---|---|---|---|
| Stock Tradinginfo | Yes | Yes | |
| Margin Trading | Yes | Yes | |
| Fractional Sharesinfo | Yes | Yes | |
| OTC Stocksinfo | Yes | Yes | |
| Options Tradinginfo | Yes | Yes | |
| Complex Options Max Legsinfo | 4 | 4 | |
| Futures Tradinginfo | No | No | |
| Forex Tradinginfo | No | No | |
| Crypto Tradinginfo | No | Yes | |
| Crypto Trading - Total Coinsinfo | 0 | 17 | |
| Mutual Funds (No Load)info | 5843 | 0 | |
| Mutual Funds (Total)info | 10000 | 0 | |
| Bonds (US Treasury)info | Yes | No | |
| Bonds (Corporate)info | Yes | No | |
| Bonds (Municipal)info | Yes | No | |
| Advisor Servicesinfo | Yes | No | |
| International Countries (Stocks)info | 25 | 0 |
| Order Types | Fidelity | Robinhood | |
|---|---|---|---|
| Order Type - Marketinfo | Yes | Yes | |
| Order Type - Limitinfo | Yes | Yes | |
| Order Type - After Hoursinfo | Yes | Yes | |
| Order Type - Stopinfo | Yes | Yes | |
| Order Type - Trailing Stopinfo | Yes | Yes | |
| Order Type - OCOinfo | Yes | No | |
| Order Type - OTOinfo | Yes | No | |
| Order Type - Broker Assistedinfo | Yes | No |
| Beginners | Fidelity | Robinhood | |
|---|---|---|---|
| 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 | No | |
| Retirement Calculatorinfo | Yes | No | |
| Investor Dictionaryinfo | Yes | Yes | |
| Paper Tradinginfo | No | No | |
| Videosinfo | Yes | No | |
| Webinarsinfo | Yes | No | |
| Webinars (Archived)info | Yes | No | |
| Progress Trackinginfo | Yes | No | |
| Interactive Learning - Quizzesinfo | Yes | No |
| Stock Trading Apps | Fidelity | Robinhood | |
|---|---|---|---|
| iPhone Appinfo | Yes | Yes | |
| Android Appinfo | Yes | Yes | |
| Apple Watch Appinfo | Yes | Yes | |
| Trading - Stocksinfo | Yes | Yes | |
| Trading - After-Hoursinfo | Yes | Yes | |
| Trading - Simple Optionsinfo | Yes | Yes | |
| Trading - Complex Optionsinfo | Yes | Yes | |
| Order Ticket RT Quotesinfo | Yes | Yes | |
| Order Ticket SRT Quotesinfo | Yes | Yes | |
| SB Gallery - Mobile Appsinfo |
| Stock App Features | Fidelity | Robinhood | |
|---|---|---|---|
| Market Movers (Top Gainers)info | Yes | Yes | |
| Stream Live TVinfo | Yes | No | |
| Videos on Demandinfo | Yes | No | |
| Stock Alertsinfo | Yes | Yes | |
| Option Chains Viewableinfo | Yes | Yes | |
| Watch List (Real-time)info | Yes | Yes | |
| Watch List (Streaming)info | Yes | No | |
| Watch Lists - Create & Manageinfo | Yes | Yes | |
| Watch Lists - Column Customizationinfo | Yes | Yes | |
| Watch Lists - Total Fieldsinfo | 92 | 3 |
| Stock App Charting | Fidelity | Robinhood | |
|---|---|---|---|
| Charting - After-Hoursinfo | Yes | Yes | |
| Charting - Can Turn Horizontallyinfo | Yes | No | |
| Charting - Multiple Time Framesinfo | Yes | Yes | |
| Charting - Technical Studiesinfo | 129 | 6 | |
| Charting - Study Customizationsinfo | Yes | Yes | |
| Charting - Stock Comparisonsinfo | Yes | No |
| Trading Platforms | Fidelity | Robinhood | |
|---|---|---|---|
| Active Trading Platforminfo | Active Trader Pro | ||
| Desktop Trading Platforminfo | Yes | No | |
| Desktop Platform (Mac)info | Yes | No | |
| Web Trading Platforminfo | Yes | Yes | |
| Paper Tradinginfo | No | No | |
| Trade Journalinfo | Yes | No | |
| Watch Lists - Total Fieldsinfo | 92 | 3 |
| Stock Chart Features | Fidelity | Robinhood | |
|---|---|---|---|
| Charting - Adjust Trades on Chartinfo | Yes | No | |
| Charting - Indicators / Studiesinfo | 129 | 6 | |
| Charting - Drawing Toolsinfo | 37 | 0 | |
| Charting - Notesinfo | Yes | No | |
| Charting - Index Overlaysinfo | Yes | No | |
| Charting - Historical Tradesinfo | Yes | No | |
| Charting - Corporate Eventsinfo | Yes | No | |
| Charting - Custom Date Rangeinfo | Yes | No | |
| Charting - Custom Time Barsinfo | Yes | No | |
| Charting - Automated Analysisinfo | Yes | No | |
| Charting - Save Profilesinfo | Yes | No | |
| Trade Ideas - Technical Analysisinfo | Yes | No | |
| Charting - Study Customizationsinfo | 5 | 1 | |
| Charting - Custom Studiesinfo | No | No |
| Day Trading | Fidelity | Robinhood | |
|---|---|---|---|
| Streaming Time & Salesinfo | Yes | No | |
| Streaming TVinfo | Yes | No | |
| Direct Market Routing - Stocksinfo | Yes | No | |
| Ladder Tradinginfo | No | No | |
| Trade Hot Keysinfo | Yes | No | |
| Level 2 Quotes - Stocksinfo | Yes | No | |
| Trade Ideas - Backtestinginfo | Yes | No | |
| Trade Ideas - Backtesting Advinfo | No | No | |
| Short Locatorinfo | Yes | No | |
| Order Liquidity Rebatesinfo | No | No |
| Research Overview | Fidelity | Robinhood | |
|---|---|---|---|
| Research - Stocksinfo | Yes | Yes | |
| Research - ETFsinfo | Yes | Yes | |
| Research - Mutual Fundsinfo | Yes | No | |
| Research - Pink Sheets / OTCBBinfo | Yes | Yes | |
| Research - Bondsinfo | Yes | No | |
| Screener - Stocksinfo | Yes | No | |
| Screener - ETFsinfo | Yes | No | |
| Screener - Mutual Fundsinfo | Yes | No | |
| Screener - Bondsinfo | Yes | No | |
| Misc - Portfolio Allocationinfo | Yes | Yes |
| Stock Research | Fidelity | Robinhood | |
|---|---|---|---|
| Stock Research - PDF Reportsinfo | 11 | 0 | |
| Stock Research - Earningsinfo | Yes | Yes | |
| Stock Research - Insidersinfo | Yes | No | |
| Stock Research - Socialinfo | Yes | No | |
| Stock Research - Newsinfo | Yes | Yes | |
| Stock Research - ESGinfo | Yes | No | |
| Stock Research - SEC Filingsinfo | Yes | No |
| ETF Research | Fidelity | Robinhood | |
|---|---|---|---|
| ETFs - Strategy Overviewinfo | Yes | Yes | |
| ETF Fund Facts - Inception Dateinfo | Yes | Yes | |
| ETF Fund Facts - Expense Ratioinfo | Yes | Yes | |
| ETF Fund Facts - Net Assetsinfo | Yes | No | |
| ETF Fund Facts - Total Holdingsinfo | Yes | Yes | |
| ETFs - Top 10 Holdingsinfo | Yes | Yes | |
| ETFs - Sector Exposureinfo | Yes | Yes | |
| ETFs - Risk Analysisinfo | Yes | No | |
| ETFs - Ratingsinfo | Yes | No | |
| ETFs - Morningstar StyleMapinfo | Yes | No | |
| ETFs - PDF Reportsinfo | Yes | No |
| Mutual Fund Research | Fidelity | Robinhood | |
|---|---|---|---|
| Mutual Funds - Strategy Overviewinfo | Yes | No | |
| Mutual Funds - Performance Chartinfo | Yes | No | |
| Mutual Funds - Performance Analysisinfo | Yes | No | |
| Mutual Funds - Prospectusinfo | Yes | No | |
| Mutual Funds - 3rd Party Ratingsinfo | Yes | No | |
| Mutual Funds - Fees Breakdowninfo | Yes | No | |
| Mutual Funds - Top 10 Holdingsinfo | Yes | No | |
| Mutual Funds - Asset Allocationinfo | Yes | No | |
| Mutual Funds - Sector Allocationinfo | Yes | No | |
| Mutual Funds - Country Allocationinfo | Yes | No | |
| Mutual Funds - StyleMapinfo | Yes | No |
| Options Trading | Fidelity | Robinhood | |
|---|---|---|---|
| Option Chains - Basic Viewinfo | Yes | Yes | |
| Option Chains - Strategy Viewinfo | Yes | No | |
| Option Chains - Streaminginfo | Yes | Yes | |
| Option Chains - Total Columnsinfo | 26 | 17 | |
| Option Chains - Greeksinfo | 5 | 5 | |
| Option Chains - Quick Analysisinfo | Yes | Yes | |
| Option Analysis - P&L Chartsinfo | Yes | Yes | |
| Option Probability Analysisinfo | Yes | No | |
| Option Probability Analysis Advinfo | Yes | No | |
| Option Positions - Greeksinfo | Yes | Yes | |
| Option Positions - Greeks Streaminginfo | Yes | Yes | |
| Option Positions - Adv Analysisinfo | Yes | No | |
| Option Positions - Rollinginfo | Yes | Yes | |
| Option Positions - Groupinginfo | Yes | Yes |
| Banking | Fidelity | Robinhood | |
|---|---|---|---|
| Bank (Member FDIC)info | No | No | |
| Checking Accountsinfo | No | No | |
| Savings Accountsinfo | No | No | |
| Credit Cardsinfo | Yes | No | |
| Debit Cardsinfo | Yes | Yes | |
| Mortgage Loansinfo | No | No |
| Customer Service | Fidelity | Robinhood | |
|---|---|---|---|
| Phone Support (Prospect Customers)info | Yes | No | |
| Phone Support (Current Customers)info | Yes | Yes | |
| Email Supportinfo | Yes | Yes | |
| Live Chat (Prospect Customers)info | Yes | No | |
| Live Chat (Current Customers)info | Yes | Yes | |
| 24/7 Supportinfo | Yes | Yes |
| Overall | Fidelity | Robinhood | |
|---|---|---|---|
| Overall | | | |
| Commissions & Fees | | | |
| Investment Options | | | |
| Platforms & Tools | | | |
| Mobile Trading Apps | | | |
| Research | | | |
| Education | | | |
| Ease Of Use | | | |
| Winner | check_circle | ||
| Review | Fidelity Review | Robinhood Review |
arrow_upward
Fidelity vs Robinhood Comparison
Comparing brokers side by side is no easy task. For our 2023 annual broker review, we spent hundreds of hours assessing 17 brokerages to find the best online broker. Let's compare Fidelity vs Robinhood.
Is Fidelity or Robinhood better for beginners?
Fidelity offers more comprehensive new investor education for beginner investors than Robinhood. Fidelity offers investors access to Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement), while Robinhood offers investors access to Education (Stocks) and Education (Options). Neither have Paper Trading. See our guide to Best Paper Trading Platforms for more.
What about Fidelity vs Robinhood pricing?
Fidelity and Robinhood charge the same amount for regular stock trades, $0.00. Option contracts are pricier at Fidelity, costing $0.65 per contract versus $0.00 per contract at Robinhood. For a complete commissions summary, see our best brokers for free stock trading guide.
Does Fidelity or Robinhood offer a wider range of investment options?
Fidelity offers investors access to Stock Trading, Fractional Shares, Options Trading, OTC Stocks, Mutual Funds and Advisor Services, while Robinhood offers investors access to Stock Trading, Fractional Shares, Options Trading and OTC Stocks. Neither have Futures Trading and Forex Trading. Looking at Mutual Funds, Robinhood trails Fidelity in its offering of no transaction fee (NTF) mutual funds, with Fidelity offering 3401 and Robinhood offering 0.
Which trading platform is better: Fidelity or Robinhood?
To compare the trading platforms of Fidelity and Robinhood, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Fidelity offers a better experience. With research, Fidelity offers superior market research. Finally, we found Fidelity to provide better mobile trading apps.
Does either broker offer banking?
Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Debit Cards and Credit Cards are offered by Fidelity while Robinhood offers Debit Cards. Neither have Checking Accounts, Savings Accounts and Mortgage Loans.
Is Fidelity good?
Our top pick overall for 2023, Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools and an easy-to-use mobile app.
Is Robinhood good?
Robinhood is very easy to use and its educational content is a joy to read. But, in today’s competitive market for your investing dollars, there are several more compelling options among brokerages.
Fidelity vs Robinhood Winner
Overall winner: Fidelity
Read Next
Explore our other online trading guides:
- Best Trading Platforms 2023
- Best Stock Trading Apps
- Best Online Brokers for Beginners
- Best Day Trading Platforms
- Best Brokers for Penny Stocks
- Compare Online Brokers
More Comparisons
Fidelity vs TradeStation Fidelity vs Charles Schwab Fidelity vs Robinhood Fidelity vs Ally Invest Fidelity vs J.P. Morgan Self-Directed Investing Fidelity vs Merrill Edge Robinhood vs Ally Invest Robinhood vs tastytrade Robinhood vs TradeStation Robinhood vs Tradier Robinhood vs Firstrade Robinhood vs Interactive Brokers
Show all
