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

Fidelity and Robinhood 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: Fidelity vs Robinhood (2025)
Feature Fidelity Robinhood
Website https://www.fidelity.com/ https://robinhood.com/
Broker Type Full-Service Mobile-Only
Trading: Stock & ETF? Yes Yes
ETF & Stock commission No fee No fee
Fractional Shares? Yes, "Stocks by the Slice" Yes
Percent Allocations? Yes; Fidelity Basket Portfolios No
Crypto Trading? Yes Yes
Crypto Fees 1.00% approx. 1%
Options Trading? Yes Yes
Options Fee 65 cents No fee
Bond Trading Available? Yes Yes
Pays for Order Flow (PFOF)? No Yes
Interface: Web trading? Yes Yes
Desktop trading? Yes; Active Trader Pro No
API Trading? No No
Mutual Funds: Offered? Yes No
Total Mutual Funds Over 10,000 None
NTF Mutual Funds Over 3,300 None
Non-NTF Fund Fee $49.95 not applicable
Early Redemption Fee? Yes not applicable
Redemption Hold (Days) 60 days not applicable
Early Redemption Fee $49.95 not applicable
Accounts: Margin Accounts? Yes Yes
IRAs Offered? Yes Yes
HSAs Offered? Yes No
Money Market Sweep? Yes Yes, Robinhood Gold
CDs Offered? Yes Yes
Robo-Advisor: Offered Yes No
Robo-Advisor Service Fidelity Go none
Robo-Advisor Fes 0.00% to 0.35% not applicable
Basics: Headquarters Boston, MA Menlo Park, CA
Year Founded 1946 2013
Clearing Firm National Financial Services LLC Robinhood Securities, LLC
Local Branches? Yes, about 215 locations No
New Account Minimum $0 $0

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