Fidelity Investments vs Charles Schwab
Comprehensive comparison to help you choose the right option
Last updated: March 2026
Quick Verdict
Fidelity Investments takes the edge with a rating of 4.8/5. It's best for long-term investors and retirement planners who want comprehensive tools. However, Charles Schwab is the better choice if you're looking for investors who want a one-stop shop for banking and investing.
Side-by-Side Comparison
| Feature | Fidelity Investments | Charles Schwab |
|---|---|---|
| Platform Type | Full Service Broker | Full Service Broker |
| Stock Commission | $0 | $0 |
| Options Per Contract | $0.65 | $0.65 |
| Account Minimum | $0 | $0 |
| Fractional Shares | Yes | Yes |
| Robo-Advisor | Yes | Yes |
| Robo-Advisor Fee | 0.35% | 0% |
| Research Quality | Excellent | Excellent |
| Our Rating | 4.8/5 | 4.7/5 |
Fidelity Investments: Pros & Cons
Fidelity Investments Pros
- + Zero commission trades
- + Zero expense ratio index funds
- + Excellent research
- + Fractional shares
- + No account minimums
- + Great retirement tools
Fidelity Investments Cons
- - Platform can feel complex
- - Crypto not directly available
- - International trading limited
Best for: Long-term investors and retirement planners who want comprehensive tools
Charles Schwab: Pros & Cons
Charles Schwab Pros
- + Zero commission trades
- + Free robo-advisor
- + Excellent customer service
- + Full banking services
- + Thinkorswim platform (via TD)
Charles Schwab Cons
- - Fractional shares limited to S&P 500
- - No crypto trading
- - Website can be overwhelming
Best for: Investors who want a one-stop shop for banking and investing
Detailed Analysis
Who Should Choose Fidelity Investments?
Fidelity Investments is the better choice if you're looking for long-term investors and retirement planners who want comprehensive tools. Its strongest advantages include zero commission trades and zero expense ratio index funds. With a rating of 4.8/5, it stands out as one of the best options available.
Who Should Choose Charles Schwab?
Charles Schwab is ideal for those who want investors who want a one-stop shop for banking and investing. Key strengths include zero commission trades and free robo-advisor. Rated 4.7/5, it is among the top picks we recommend.
Final Verdict
Fidelity Investments
Charles Schwab
Both Fidelity Investments and Charles Schwab are legitimate investing platforms. Choose Fidelity Investments if you value zero commission trades. Choose Charles Schwab if you prioritize zero commission trades.