Fidelity versus Schwab: Commissions, Fees and Investments Offered
- $7.95 per stock/etf trade
- Options: $7.95 + $0.75 per contract
- Mutual Funds: no transaction fee when trading over 1,400 Fidelity and non–Fidelity mutual funds; $75 for all others
- Bonds: U.S. Treasury Auctions: free; GSE, secondary CDs, Municipals, Corporates (BBB- or higher), CATS/TIGRS, Corporates (BB+ or lower):
1.00 per bond, $8 min., $250 max.
- $8.95 per stock/etf trade
- Options: $8.95 plus $0.75 per contract
- Mutual funds: $49.95
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Fidelity vs Schwab: Advantages
- Fidelity mutual funds
- Great research amenities
- Many asset classes to invest
- Top-notch customer service
- Only $1,000 to open account
- Banking services
- 300 local offices
- No maintenance, IRA or hidden fees
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Fidelity vs Schwab: Disadvantages
- High trading commissions
- Minimum initial account deposit of $2,500 (cash and margin accounts)
- Mutual funds fees
- Customer service level depends on account size
- Higher than average commissions
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Fidelity and Schwab Websites and Ratings
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