TDAmeritrade vs Fidelity Comparison: Fees, Features, and More (2025)

TDAmeritrade and Fidelity are two leading discount brokerages offering commission-free stock and ETF trading. Use this head-to-head comparison table to evaluate fees, features, trading tools, and account options to help you decide which broker is right for you in 2025.

Head-to-Head Comparison: TDAmeritrade vs Fidelity (2025)
Feature TDAmeritrade Fidelity
Website https://www.tdameritrade.com/ https://www.fidelity.com/
Broker Type Full-Service Full-Service
Trading: Stock & ETF? Yes Yes
ETF & Stock commission No fee No fee
Fractional Shares? No Yes, "Stocks by the Slice"
Percent Allocations? No Yes; Fidelity Basket Portfolios
Crypto Trading? No Yes
Crypto Fees not applicable 1.00%
Options Trading? Yes Yes
Options Fee 65 cents 65 cents
Bond Trading Available? Yes Yes
Pays for Order Flow (PFOF)? Yes No
Interface: Web trading? Yes Yes
Desktop trading? Yes; thinkorswim Yes; Active Trader Pro
API Trading? Yes; TD Ameritrade for Developers No
Mutual Funds: Offered? Yes Yes
Total Mutual Funds Over 13,000 Over 10,000
NTF Mutual Funds Over 3,700 Over 3,300
Non-NTF Fund Fee $49.99 $49.95
Early Redemption Fee? Yes Yes
Redemption Hold (Days) 30 days 60 days
Early Redemption Fee $49.99 $49.95
Accounts: Margin Accounts? Yes Yes
IRAs Offered? Yes Yes
HSAs Offered? Yes, through other providers Yes
Money Market Sweep? No Yes
CDs Offered? Yes Yes
Robo-Advisor: Offered Yes Yes
Robo-Advisor Service Schwab Intelligent Portfolios Fidelity Go
Robo-Advisor Fes 0.00% to 0.30% 0.00% to 0.35%
Basics: Headquarters Omaha, NE Boston, MA
Year Founded 1975 1946
Clearing Firm TD Ameritrade Clearing National Financial Services LLC
Local Branches? Yes, about 260 locations Yes, about 215 locations
New Account Minimum $0 $0

Once you’ve chosen a broker, find high-performing, investable model portfolios at RecipeInvesting.com


Compare TDAmeritrade to All Brokers