In this video, I talk about TD Ameritrade vs Fidelity. I break down all of the similarities and differences between TD Ameritrade and Fidelity so that you can choose the right brokerage.
To compare TD Ameritrade vs Fidelity, I start by analyzing their fee structures. TD Ameritrade’s fees and Fidelity’s fees are actually very similar, but they have some important differences.
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Overall, it seems like Fidelity has a slightly better fee structure than TD Ameritrade, but their website is a little bit difficult to navigate. There is a $0 commission with both brokerages and a 65 cent options contract fee. Other than trading, neither of them have annual fees or inactivity fees. Both of their pay structures are fantastic.
Second, I compare the features of Fidelity vs TD Ameritrade. With TD Ameritrade, you can invest in forex and other things that you cannot invest in on Fidelity.
Fidelity seems to be less versatile and more suitable for beginners, especially because they offer fractional shares, which TD Ameritrade does not. This makes Fidelity better for people with small investing accounts.
Next, I look at the customer service of TD Ameritrade vs Fidelity. Overall, their customer service is quite similar, but Fidelity earned a higher customer service rating on NerdWallet than TD Ameritrade did. Fidelity also offers a virtual assistant in their app.
This brings me to the last step where I compared the TD Ameritrade mobile app with the Fidelity mobile app. Fidelity’s app has a significantly better rating on both the Google Play Store and the Apple App Store.
In the end, I laid out the major differences of TD Ameritrade vs Fidelity. The best $0 commission brokerage for you depends on your priorities.
Both of these brokerages are great and you really cannot go wrong. Personally, I have a TD Ameritrade account and I have no complaints. However, Fidelity is more popular and I have only heard good things. I hope this video helped you compare the two brokerages and make an educated decision. Really, both are well-established, great companies that will serve you well in your investing career.
Nothing in this video should be taken as financial advice or any kind of advice. This video and everything I say in it is meant for informational and entertainment purposes only. Facts may or may not be true and could change after posting the video.
If you want to learn more about investing and you enjoy my commentary then feel free to subscribe to my channel. I try to break down investing for beginners and help them choose the best $0 commission brokerage.
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