Fidelity competition, alternative companies, and rivals in 2022. Who are the top Fidelity Investments competitors?

Fidelity Rivals

Fidelity Investments Commissions

Fidelity’s commission on stocks and ETFs is $0.

For most mutual funds Fidelity is charging $49.95 on buy side. Ally Invest is at just $9.95 for the same transactions.

There is a minimum of $2,500 required for mutual fund purchase for many funds and the same amount to open an account which will keep some smaller investors from being able to use Fidelity services.

Fidelity Investments Trading Platform Review

Fidelity Trading review 2022
Investors can access their accounts and execute trades via Fidelity's website, mobile app or advanced trading platform called Active Trader Pro.

The layout of the website was remodeled in recent years to keep up with the current industry standards. It is much friendlier and less-cluttered than it used to be. On Fidelity's website investors can execute trades, get access to charts, screeners and educational materials. It allows quick access to recent and past account activity, which makes looking up purchases, sales, dividends and distributions a breeze.

Fidelity's Guided Portfolio Summary tool, otherwise known as the Fidelity "GPS", provides a quick yet informative snapshot overview of selected accounts. With this tool, investors can have an in-depth analysis of their current portfolio and identify areas that may need more attention. The friendly layout offers all sorts of little upgrades in the form of graphics and extra information. The graphic displaying each asset’s current value relative to its respective 52-week high and low gives a very helpful visual cue for investors.

Upon clicking the Analysis tab on the website, users are directed to an in-depth look at their assets, along with asset allocation information and the investor’s top holdings. Within the Analysis tab, users can begin to study their positions by using the stock and fixed-income analysis features, and even customized ratings from Morningstar. The ratings section is divided into a helpful graphic illustration showing fund performance relative to the market and a list of investor positions with their individual rating information. The research doesn’t end there though. Upon clicking individual stocks and mutual funds, in-depth Morningstar ratings for each position are brought up. On the specific asset research screens, users are shown detailed information regarding the asset such as annual returns, ratings, fees and even a graphic projecting hypothetical growth for 10 years.

Active Trader Pro

Fidelity's advanced Active Trader Pro platform is available as the web-based streaming platform and desktop application. Both platforms provide streaming market data, interactive charts and advanced trading features such as multi-trade tickets, integrated access to positions, charts, news, alerts, orders and more. Unlike Thinkorswim, the industry's best advanced trading platform offered absolutely freely by TD Ameritrade, Fidelity's Active Trader Pro platform has access limitation: it is only available to customers trading 36 times or more in a rolling twelve-month period.

Fidelity Competitors Comparison

Coming in at 4½ out of 5 stars are Ally Invest, TD Ameritrade, Schwab and M1 Finance are on the top of the list. The brokers offer very low stock trading commissions and require no minimum deposit to open an account with them.

Ally Invest is a great company for anyone new to investing with its intuitive and user friendly trading platform, great customer service and tons of educational materials.

Author: Paul Johnson.

M1 Finance

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