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E*Trade or Fidelity for online brokerage account, and why?
Posted on 6/8/22 at 9:34 pm
Posted on 6/8/22 at 9:34 pm
Thank you.
7
Posted on 6/8/22 at 9:55 pm to Zachary
For equity investing, equity trading, ETFs, options, futures, IRA? Do you want/need a margin account… maybe portfolio margin? Is it the user interface and/or customer service that interests you more? Do or will you need broker assistance? Are you looking for specific analysis tools?
This post was edited on 6/8/22 at 10:00 pm
Posted on 6/8/22 at 9:59 pm to Jag_Warrior
Post-tax brokerage account, not IRA. Not looking for broker advice or education, no futures or options. Priorities are no/low fees, no commissions on trades, and user friendliness while investing primarily in individual stocks, funds and ETFs.
Posted on 6/8/22 at 10:17 pm to Zachary
There’s really not much difference between the top firms. They’re all at zero $ commissions on most stocks and ETFs now. I’ve been with TD Ameritrade for decades. But I also have a Schwab account (they now own TD Ameritrade - integration should be complete by the end of this year or early next year). A friend of mine trades/invests with Fidelity and also has a Schwab account. Fidelity and E*trade are both top rated firms.
For what you’re describing your needs to be, I’d say just have a look at the user interfaces of the ones you’re considering. If you were looking for a heavy trading platform, I’d suggest TDA to get access to ThinkorSwim (Schwab is keeping that as is) or maybe Interactive Brokers. But you don’t need all that.
Good luck. Sticking with any of the majors, I don’t think there are any bad choices… just personal preferences.
For what you’re describing your needs to be, I’d say just have a look at the user interfaces of the ones you’re considering. If you were looking for a heavy trading platform, I’d suggest TDA to get access to ThinkorSwim (Schwab is keeping that as is) or maybe Interactive Brokers. But you don’t need all that.
Good luck. Sticking with any of the majors, I don’t think there are any bad choices… just personal preferences.
Posted on 6/8/22 at 10:22 pm to Zachary
I have an an E Trade account. Easy . Nice interface and features.
Posted on 6/9/22 at 1:20 pm to Zachary
(no message)
This post was edited on 10/26/22 at 9:34 am
Posted on 6/9/22 at 2:01 pm to Zachary
Bruh I hate Etrade
It only goes down
It only goes down
Posted on 6/9/22 at 3:07 pm to Zachary
My vote is Fidelity because they are a one stop shop for financial services. All of my investment accounts are at Fidelity (taxable, 401k, trad ira, roth ira, hsa). I also use Fidelity for my primary checking/savings, billpay, atm, and credit card.
The only place I think is comparable is Charles Schwab.
The only place I think is comparable is Charles Schwab.
Posted on 6/9/22 at 5:48 pm to Zachary
I have both brokerages.
I give a fair edge to Fidelity. Rarely any fees for OTC transactions on Fidelity vs. E*Trade with fees much of the time (if not always) on penny stocks.
Fidelity CSR's answer the phone in 1-2 minutes.
E*Trade is 30 min to over an hour. Horrible wait times.
I give E*Trade the edge on their app, however. Fidelity is decent, tho.
I give a fair edge to Fidelity. Rarely any fees for OTC transactions on Fidelity vs. E*Trade with fees much of the time (if not always) on penny stocks.
Fidelity CSR's answer the phone in 1-2 minutes.
E*Trade is 30 min to over an hour. Horrible wait times.
I give E*Trade the edge on their app, however. Fidelity is decent, tho.
Posted on 6/9/22 at 8:13 pm to Zachary
There is Schwab... then everybody else. Once their TD Ameritrade takeover is complete ... well, even more so.
Fidelity has a good website, their support sucks. With their trading tool, you don't have the option to something as basic as after hours trading (have to do on their website). You cannot get news with VPN on ... in their trading tool.
At last look, Etrade was not as good as Fidelity.... Just read Royal Blue post ... if eTrade is that bad on CS, a big NO.
After reading other posts ... re stock trading (not options)
* TDA ThinkOrSwim might be too much for a new investor.
* Schwab Street Smart Edge is the best trading tool overall.
* Fidelity's Active Trader Pro is good, but not as comprehensive as Schwabs SSE.
Do you homework before investing, learn how to eval stocks yourself.
For Mutual Funds, you will have to look at current fees. Some charge going in but not selling. Have not looked in a while.
You might want to also consider a 2nd account at one of the old school self directed brokerage firms as you can get some better research info.
Good luck.
Fidelity has a good website, their support sucks. With their trading tool, you don't have the option to something as basic as after hours trading (have to do on their website). You cannot get news with VPN on ... in their trading tool.
At last look, Etrade was not as good as Fidelity.... Just read Royal Blue post ... if eTrade is that bad on CS, a big NO.
After reading other posts ... re stock trading (not options)
* TDA ThinkOrSwim might be too much for a new investor.
* Schwab Street Smart Edge is the best trading tool overall.
* Fidelity's Active Trader Pro is good, but not as comprehensive as Schwabs SSE.
Do you homework before investing, learn how to eval stocks yourself.
For Mutual Funds, you will have to look at current fees. Some charge going in but not selling. Have not looked in a while.
You might want to also consider a 2nd account at one of the old school self directed brokerage firms as you can get some better research info.
Good luck.
This post was edited on 6/9/22 at 8:29 pm
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