Charles Schwab, a competitor, only sells fractional shares of S&P 500 stocks. Retail brokerage account holders can buy these funds with no minimums and no fees.įidelity lets you trade fractional shares of more than 7,000 U.S. This showed that it was committed to value and low prices.
In 2018, the company came out with index funds that didn’t have an expense ratio. This is a small detail that shows how it works as a whole.įidelity has been in the mutual fund business for 70 years, making it an industry leader. For example, it is the only broker we looked at that doesn’t charge a fee for wires going out. With an average execution time of 0.07 seconds, 85% of orders are finished at a higher price than the National Best Bid and Offer (NBBO).Īt other brokerage firms, selling order flow helps make up for the income lost from commission-free trades, but it usually leads to worse execution quality.įees at Fidelity are very low. It is rare for a broker to let you trade stocks, ETFs, and options without paying a commission and without selling order flow. It stands out as a great, all-around platform that is great for aggressive traders, long-term investors, and people who are new to investing.įidelity provides high-quality transaction execution at the lowest cost. Overall, Fidelity is the best online broker.
Fees: $0 for stock/ETF, $0 plus $0.65/contract for options.