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Fidelity vs TD Ameritrade Comparison Review

Interest to know how does Fidelity compare to TD Ameritrade? Read this Fidelity vs TD Ameritrade comparison review, check out all the stats we have collected, and choose the broker that better suits your needs.

Fidelity vs TD Ameritrade: Popularity

QueryFidelityTD Ameritrade
Number of users (approximate)32m12m+
Website traffic (estimated)85m+25.2m
# results on web147m7.3m
Search volume Google4.2m673K
Twitter followers271K141K
FB followers263K375K
How popular on mainstream media?HighHigh
Negative media?LowMedium
Notable awardsBest Online Broker 2020,
Best Online Broker
Best Broker for Stock Trading Platform and Research

In almost all the stats Fidelity is the winner. But for many, to understand the size of a brokerage firm, the number of active clients is the most important metric. Fidelity has 32 million customers and TD Ameritrade has “only” 21 million accounts.

Fidelity vs TD Ameritrade: User Rating

QueryFidelityTD Ameritrade
# users rated on user platforms2 on TrustPilot, 17 on SiteJabber69 on TrustPilot, 17 on SiteJabber
Percentage of positive reviews out of user reviews26%20%
Common complimentsGreat customer support and research reportsEasy to use platform, great interface, good tools.
Common complaintsThe system and user interface antiquatedBad customer service, long wait to speak to support
Positive feedback on Twitter?People appreciate the charts, research ideas and feedsGreat features and powerful tools
Negative feedback on Twitter?Lately the support seems overwhelmed and is hard to respondComplaints about the thinkorswim platform
App rating (summary)Over 1.36m reviews with an average 4.65 / 5 ratingOver 45K ratings and 4.5/5 score on Apple store

Very few reviews posted for Fidelity on TrustPilot and SiteJabber (19 in total) which is surprising because their mobile users have left over 1.3 million reviews on the app stores. The positive feedback percentage is just slightly better than the one for TD Ameritrade.

Fidelity vs TD Ameritrade: Background Information

QueryFidelityTD Ameritrade
Company public/privatePrivatePublic
Revenue Data$20.9 billion in 2019$1.48 billion on Q2 of 2020
CEO and bioAbigail Johnson – completed an MBA at Harvard Business School and since 2014, she has been the president and CEO.Steve Boyle, He is a professional member of the American Institute of Certified Public Accountants that worked previously for Banknorth and Barnett Banks
Number of employees50,000+9,183
Notable investors (private companies)NoneNone

Fidelity is clearly the bigger company in terms of revenue data and number of employees. Even though, for TD Ameritrade, we have only data for the Q2 of 2020, we can clearly see the Fidelity is generating way bigger numbers overall.

Fidelity vs TD Ameritrade: Security

QueryFidelityTD Ameritrade
HTTPS CertificateYesYes
2FA ?YesYes
Device monitoring?YesYes
New device extra security?YesYes

Fidelity vs TD Ameritrade: Fees & Offering

QueryFidelityTD Ameritrade
Account minimumNoneNone
Account fixed feesNoneNone
Fractional shares?YesNo
Margin costsVariesVaries
ETF buying feesNoneNone
Stock buying feesNoneNone
Option buying fees$0.65 per contract with commission-free trades$0.65 per contract
Short selling fees6% to 10%None
Futures buying feesNot available$2.25 fee per contract
Future options buying feesNot available$2.25 fee per contract
Cryptocurrency feesNot availableNot available
Fixed income fees$19.95 per trade$1 per bond or CD on secondary transactions
Mutual funds feesNone$49.99 per trade for no-load mutual funds and $0 for load mutual funds.

ETF and stock buying is free on both platforms. The main difference is on two points:

  1. Fidelity allows for buying of fractional shares but doesn’t support futures trading.
  2. TD Ameritrade doesn’t provide fractional shares but allows its customers for trade in the futures market.

Fidelity vs TD Ameritrade: Trading App

QueryFidelityTD Ameritrade
Android app # installs1m+1m+
Android app # reviews66K7K
iPhone app # reviews1.3m47.6K
Android app rating4.5 / 53.4 / 5
iPhone app rating4.8 / 54.5 / 5
Common compliments on appEasy to navigate and use. Simple and direct explanations and directions.Easy to understand and operate, lots of useful functions
Common complaints on appRecently the new update is creating problems for some users trying to login and/or use it.Laggy, buggy platform
Weighted average app rating4.65 / 54 / 5

The two brokers have a similar number of downloads for their mobile trading apps, but the number of reviews is clearly in favor of Fidelity. The company has almost 1.4 million reviews combined from the Android and iOS mobile store. Also, the average rating is higher than the one for TD Ameritrade.

Final conclusions:

As we can see from the numbers and conclusions stated above, Fidelity seems to come out as the clear winner from this Fidelity vs TD Ameritrade comparison.

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