Robinhood vs Fidelity Comparison: Fees, Features, and More (2026)
Robinhood 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 2026.
| Feature | Robinhood | Fidelity |
|---|---|---|
| Website | https://robinhood.com/ | https://www.fidelity.com/ |
| Broker Type | Online discount brokerage (mobile app, web, Legend) | Full-service |
| Trading: Stock & ETF? | Yes | Yes |
| ETF & Stock commission | $0 commissions (SEC/FINRA sell fees may apply) | $0 online US stocks/ETFs |
| Fractional Shares? | Yes ($1 min; most NMS stocks/ETFs) | Yes (7,000+ US stocks/ETFs, $1 min) |
| Percent Allocations? | No | Yes (Fidelity Basket Portfolios) |
| Crypto Trading? | Yes (US-wide via Robinhood Crypto, LLC; all states, DC, PR, USVI) | Yes, via Fidelity Crypto® (BTC, ETH, SOL, LTC, FIDD) for US retail; also crypto ETPs in brokerage. |
| Crypto Fees | MM routing: $0 commissions (RH rebate in spread); exchange routing: 0.00-0.95% volume-tiered maker/taker; transfers $0 + network fees | 1% of executed market value on buys/sells (Fidelity Crypto®/IRAs); none on FIDD vs USD. |
| Options Trading? | Yes | Yes |
| Options Fee | $0 commissions for stock/ETF options; $0.35 Gold/$0.50 non-Gold per index contract plus regulatory/exchange fees | $0 commission + $0.65/contract online; $0 for buy-to-close ≤$0.65. Extra fees for some indexes/pros. |
| Bond Trading Available? | No (individual bonds/fixed-income not supported; bond ETFs/CEFs available) | Yes; $0 online for new issues/US Treasuries; $1 per bond secondary (caps apply). |
| Receives payment for order flow (PFOF)? | Yes (receives PFOF/rebates from market makers for equities, options, and crypto) | Yes (receives PFOF on equities from wholesalers and on options). |
| Interface: Web trading? | Yes (web including Legend browser platform; iOS/Android mobile apps) | Yes (Fidelity.com web; Fidelity Investments iOS/Android app; Fidelity Trader+). |
| Desktop trading? | No; Robinhood Legend is a free browser-based (web) platform, not downloadable. | Yes (Fidelity Trader+ Desktop, PC/Mac; Active Trader Pro Classic also available) |
| API Trading? | Yes for crypto (official US Crypto Trading API); no official stocks/equities trading API. | No (no official public retail trading API) |
| Mutual Funds: Offered? | No | Yes |
| Total Mutual Funds | 0 | Over 10,000 |
| NTF Mutual Funds | 0 | Thousands (all Fidelity funds plus many NTF third-party) |
| Non-NTF Fund Fee | N/A | $49.95 per purchase (some up to $100); $0 redemption |
| Early Redemption Fee? | N/A | No ($49.95 Fidelity short-term fee on most NTF funds held <60 days) |
| Redemption Hold (Days) | N/A | 60 days (NTF FundsNetwork non-Fidelity funds) |
| Early Redemption Fee | N/A | $49.95 online (NTF funds held <60 days) |
| Accounts: Margin Accounts? | Yes | Yes |
| IRAs Offered? | Yes (Traditional and Roth; no SEP) | Yes (traditional, Roth, SEP) |
| HSAs Offered? | No | Yes |
| Money Market Sweep? | Yes | Yes |
| CDs Offered? | No | Yes (brokered CDs) |
| Robo-Advisor: Offered | Yes (Robinhood Strategies hybrid managed portfolios) | Yes |
| Robo-Advisor Service | Robinhood Strategies | Fidelity Go |
| Robo-Advisor Fees | 0.25% AUM/yr; Gold ($5/mo): 0% over $100k ($250/yr cap). $50 min. ETF expenses extra. | $0 under $25,000; 0.35%/yr for $25,000+ |
| Basics: Headquarters | Menlo Park, CA | Boston, MA |
| Year Founded | 2013 | 1946 |
| Clearing Firm | Robinhood Securities, LLC | National Financial Services LLC |
| Local Branches? | No | Yes, ~215 U.S. Investor Centers |
| New Account Minimum | $0 | $0 |
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