TD Ameritrade vs Fidelity - What You Need to Know!
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- เผยแพร่เมื่อ 14 ก.ค. 2024
- In this video, I talk about TD Ameritrade vs Fidelity. I break down all of the similarities and differences between TD Ameritrade and Fidelity so that you can choose the right brokerage.
To compare TD Ameritrade vs Fidelity, I start by analyzing their fee structures. TD Ameritrade's fees and Fidelity's fees are actually very similar, but they have some important differences.
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Overall, it seems like Fidelity has a slightly better fee structure than TD Ameritrade, but their website is a little bit difficult to navigate. There is a $0 commission with both brokerages and a 65 cent options contract fee. Other than trading, neither of them have annual fees or inactivity fees. Both of their pay structures are fantastic.
Second, I compare the features of Fidelity vs TD Ameritrade. With TD Ameritrade, you can invest in forex and other things that you cannot invest in on Fidelity.
Fidelity seems to be less versatile and more suitable for beginners, especially because they offer fractional shares, which TD Ameritrade does not. This makes Fidelity better for people with small investing accounts.
Next, I look at the customer service of TD Ameritrade vs Fidelity. Overall, their customer service is quite similar, but Fidelity earned a higher customer service rating on NerdWallet than TD Ameritrade did. Fidelity also offers a virtual assistant in their app.
This brings me to the last step where I compared the TD Ameritrade mobile app with the Fidelity mobile app. Fidelity's app has a significantly better rating on both the Google Play Store and the Apple App Store.
In the end, I laid out the major differences of TD Ameritrade vs Fidelity. The best $0 commission brokerage for you depends on your priorities.
Both of these brokerages are great and you really cannot go wrong. Personally, I have a TD Ameritrade account and I have no complaints. However, Fidelity is more popular and I have only heard good things. I hope this video helped you compare the two brokerages and make an educated decision. Really, both are well-established, great companies that will serve you well in your investing career.
Nothing in this video should be taken as financial advice or any kind of advice. This video and everything I say in it is meant for informational and entertainment purposes only. Facts may or may not be true and could change after posting the video.
If you want to learn more about investing and you enjoy my commentary then feel free to subscribe to my channel. I try to break down investing for beginners and help them choose the best $0 commission brokerage.
If this video helped you understand Fidelity vs TD Ameritrade then, please...
LIKE and SUBSCRIBE :)
Thanks for watching!
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Gooooodddd Byeeeeee Robinhood
RT
Yep
Hi Mr Matthew,How much Fees for move RBH to Fidelity.Thanks!
@@nanhtun9256 $75.00
@@ceed3d396 Thanks for let me know! How long would be take until get in to Fidelity?
Have a great weekend.
Thank you for this information and the time you put into these videos so glad to have found your channel. I appreciate you!
Thank you!
noway u only have 265 subs man i thought it said 265k wow this channel deserves waaaaaaaayyyy more my guy u the goat
Haha hopefully one day, thanks!
Thanks for reviewing these. I just have one thing to add. I have accounts in both (my Fidelity account actually holds my assets and my TD Ameritrade has a $0 balance). The reason have both is due to a OTC stock I’m invested in (JENGQ for anyone interested). For whatever reason, Fidelity only offers delayed quotes for it. However, TD Ameritrade shows JENGQ in real-time quotes. So, as of now, I only use TD Ameritrade to check the current stock price.
Fidelity for stocks, TD for options
Oh ok, thanks for clarity
Ty
amazing editing and easy to follow along! great job, ty!!
Thanks for watching!
This channel is gonna grow immensely. This guy is good.
Thanks I hope so!
The biggest feature you should use to compare is the order flow, trade volumes and how quick trades are executed and trade price improvements
I was thinking the same thing that’s the only thing we care about
The way you combine the information with the editing of the video itself is by far the best. Good Job man keep it up I will be subscibing to the channel.
Thanks Anthony!
Underrated youtuber, liked up this video and subbed!
Thanks!
your editing skills are pretty damn good...watch another vid right before this one and it bored the hell out of me even though it directly impacts my moneys.
Thanks!
Fidelity’s zero fee index funds are some of the best out there. Awesome video!
Totally agree, up there with Vanguard! Thanks for watching!
Some of the best? They are the lowest costing Index mutual funds in the industry. Also they have the best performance for their respective index before adjusting for dividend reinvesting.
Fantastic!
This was helpful, thank you.
Great! Thanks for watching!
You deserve more views and subs - keep at it
Thanks man!
Thanks for the info bro, great video👌👌
Thanks for watching!
Great editing and I watched the entire video I’m here because I’m leaving Robinhood
Thanks!
same
Wait so does td let you buy fractionas of a stock
@@slicco1528 no
@@slicco1528 Nope
I like your comparison and explanation.
Thanks for watching
I liked the style of your video brother. I think you did a great job editing and explaining the differences between.
I think I'm going to lean towards TD Ameritrade considering the merging with Charles Schwab. Blessings.
Thanks for watching!
everything’s been so smooth at Fidelity, I haven’t felt the need to check out TD. Fidelity all the way!💰
Ahh I’ve got a TD Ameritrade account! Thanks for watching Benny
@@joeywakeman3098 same
@@myaparker Awesome!
@@joeywakeman3098 thx
i want to get fidelity but i want to know can u trade cannabis on there because i cant on my webull acount?
Fidelity has fractional shares plus their layout is easier to navigate with the account balance top left highlighted in yellow on desktop version.
Absolutely! Thanks for watching
Bro..this is a great video. Nice job
Appreciate it, thanks for watching!
Thank you Joey
Thanks for watching!
This was very helpful and helped me to decide! New subscriber here :) Thanks!
Great Video! Now I wanna sign up to both Traders! Love the Fractional Buy-In capability with Fidelity, and Love the Foreign Investment Access with TD Ameritrade. Hope Folks here in 2021 just heard China has put the big bitC on their shlitlist. Be careful in your Trading going forward.
Thanks for watching!
I have tried a few Webull, Robinhood, E-Trade, Ameritrade and Fidelity my Favorite is Fidelity and a close 2nd E-trade
I actually have the majority of my portfolio in Fidelity, thanks for watching!
I have all my money in fidelity and find the user interface is dogshit compared to Robinhood and webull.
Great video. I thought you were a big TH-camr like at least 300k subs
Haha thanks!
I don’t have either one yet. Doing research on TD and Fidelity. I am leaning towards Fidelity.
Hey, I see you sometimes on the stacking channels!
I'm thinking about using the fidelity phone app to trade otc stocks; how have they been for you so far?
@@_Hound_ I haven’t traded anything yet with Fidelity.
great video thanks
Thanks for watching!
Fidelity is it! Thanks much for helping me DECIDE on FIdelity vs. TD Ameritrade. Great video.
Thanks for watching!
Already got my ROTH w fidelity, time to move all that robinhood stock over too!
Good call
Same here but my Fidelity is my serious long term accounts vs RH was my play stocks I might open AmeriTrade for my fun stocks.
@@MSotelo503 this is another idea, but I think what im going to do is use RH just for the charts or maybe get we bull for that too and open another account in my fidelity for my fun stocks! i dont think it matters if you just keep the money in different accounts both on fidelity
@@iamzakg True, I just like RH set up but the bs is dumb move on them same with WB being owned by China. I might do that I just scattered like it to be organized if I don't separate the investments.
@@MSotelo503 I do something similar
Fidelity offers fractional shares, BOOM !
Absolutely!
Do you get dividends with fractional shares?
@@krispy5139 yes
@@ReedHarrison I will take that as a yes. Thanks!
Not sure if I need forex or futures.. I need to look into those.
Yup! It’d be a whole different story of they didn’t. Great question
I was shocked at your sub count. You did a thorough job and expected something like, 1 mill count. Keep it going.
Appreciate it, thanks for watching
Gracias!!
Great video
Thanks Harrison!
Do you think it’s beneficial to transfer shares from TD Ameritrade to fidelity?
I have had Fidelity and TD Ameritrade. Just transferred all my funds from Fidelity to TD Ameritrade. Fidelity is still a great brokerage, but like TD Ameritrade better.
Sounds good, thanks for watching!
I'm currently on RH & want to open up an account on Fidelity what is the process to transfer my stocks & investments??
i had td ameritrade and they are all around the best if youre looking at everything in totality. i dont mind the OTC fees because i buy few of them and im going to hold forever anyway.
@@Meetgreatness Call Fidelity and their customer service can walk you through the process.
Quality video on every front; this channel will certainly blow you. 😁
Nothing better than TOS at TD
Yup I’ve used TOS a lot
please make a video about how to buy an IPO & where people can buy it easily!
Thanks for the suggestion!
I rate you a B+ for your concise video. I rate most other YT vids an F - .
Lol thanks!
Don’t forget,..... you can trade td on your iwatch. Game changer
Interesting point
Sounds like Fidelity and TD got together to figure out "how do we make this decision as difficult as possible for consumers?"
No fees for OTC trades on Fidelity. Ameritrade charges $6.95 per OTC.
I was charged > $60 for leaving Fidelity years ago, so if that fee was removed, it must be a recent change.
Interesting. Must be
What was you reason for leaving? 👀 I’m thinking about opening an account.
@@phatngo3721 Simply consolidating accounts. I already had 3 TDA accounts.
You cannot trade options on the app with Fidelity but you can with TD
Good point!
Fidelity offers free OTC trading. But be careful if it's a Canadian OTC stock they could slip in a huge fee of $25
Hi, thank you for this information! I’m new to stocks, but I read in the comments of another one of your videos, in which you compare Robinhood to TD Ameritrade, that Robinhood does NOT have an option for a beneficiary. I have children, so I’m interested in this feature. I read that TD Ameritrade DOES has an option for it, which saves a headache, as far as not having to get a lawyer to access the funds, in comparison to Robinhood.
***My question is: Does Fidelity have an option for a beneficiary?
Yes, Fidelity has the option to name 1 or multiple beneficiaries.
So for custodial accounts which one would you recommend and a lower budget
I’m not sure which is better for a custodial account but I loved Fidelity when my budget was small because of their fractional shares. Thanks for watching
I’ve never been charged fees for OTC at fidelity.
On fidelity i am not charged fees for OTC
Did it take a long time for fidelity to verify your bank account.. it's been 7 days and I'm still waiting
Hey joey ! Which one has souvering bond ?
On fidelity you can buy fractional shares at limited price, better than robinhood.
For sure
seems if your going to make a comparison video you should research both sides. When you said Fidelity's OTC info is hard to find you could of gone. a step further and found the info by calling our emailing them for your presentation. Other wise I have watched a few of your vids so far an you do a pretty decent job .
That’s a good idea, and thanks for watching Jay
@@joeywakeman3098 Yeah, you gave incorrect info. No charge for OTC on fidelity. Maybe that's why you couldn't find the fee! Because there isn't one.
What would be better for day trading with a small sum
What do you mean by “over the counter” trade? If I buy 1 share of a REIT, is that OTC and therefore I get charged $6?
OTC stocks are stocks not listed on the main stock exchange. Usually they have five letters and end in F like PLNHF, one that I have. Thanks for watching Brittney!
Thanks for the video!
Do you know if Fidelity will reimburse for the account transfer fee from robinhood?
I don’t know about that but thanks for watching!
Not sure about fideliy but TD,Webull and Schwab does
I use Robinhood to trade cryptocurrency, that’s it.
They will
Awesome video Bro i am a big fan of you ! Just started my channel on youtube too!!!!
Nice!! Thanks for watching!
You're comparing the Fidelity App vs TD Ameritrade Banking App. You should be comparing the Fidelity App to the Think or Swim App. That's the real difference between these offerings. The ToS App is basically a mobile mirror of the platform that is not only more convenient, but substantial for active trading in comparison to Fidelity. I personally like Fidelity for everything but the actual platforms, which coincidentally is also the biggest hang-up between the two. I would prefer to get away from the PFOF and delayed order execution at TD (maybe the Schwab merger actually helps this), but the Fidelity platform is so much less robust and convenient (both desktop and mobile).
Good point, ToS is much more practical. Thanks for watching
Which phone app would be better for trading otc stocks? My main concern is no fees.
The OTC fee is a solid NO for me, I have good OTC stocks, compounding.
OTC is important
newbie here. what is an OTC stock and can you recommend some for me to research? please Thanks!
I need help. I have an account with black rock State Farm. Should I transfer it to fidelity?
Does anyone know if Fidelity has faster order executions than tdameritrade?
That’s a great question, I’m honestly not sure
Yes! 2nd fastest in the business. Only Lightspeed is faster. Because Fidelity owns their market makers, they are able to deliver faster execution than 99% of brokers on the market.
@@akin242002 Awesome!
GOOOOOD BYEEEE ACORNS
I have a small amount of money and I want to trade spreads on SPY, AAPl Which broker can let me do that?
I recommend Robinhood. Their problems has been solved.
Which brokerage do you use??
A combo of Charles Schwab and Fidelity. CS for IRA and Options, and Fidelity for some expensive stocks/ETFs. Tesla for example.
I've been using Fidelity but think I'm going to switch to TD. I feel like TOS has a much better desktop and mobile app than the Fidelity counter parts. It feels much more up to date and updates P/L in a more understandable way. TD or TOS shows P/L to date for your entire account, whereas fidelity will only show P/L for current positions, unless you change your settings to see total Profit/Loss. Overall, I prefer the ToS platform over Active Trader Pro. The only downside I would say, is that TD does not offer fractional shares. Which from my perspective, should and will deter investors with smaller portfolios. Most people can not afford to own individual stocks that are worth several hundred or thousand a piece. I think this would hurt your ability to diversify more, which is a negative for sure.
Robinhood.
Is fidelity faster than TD Ameritrade?
Can you access fidelity from Canada 🇨🇦
Fidelity has free OTC trades
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You left out some very important information. Schwab lets you set up a trade 24/7, it executes when the market opens. TD Ameritrade only on business days. TDAmeritrade offers trailing stop loss at a time of the stock purchase. Schwab makes you wait until the purchase executes to set a stop loss. Big pain in neck. Webul does not offer stop loss that's good til canceled, so its worthless.
They do now
I just can't decide between these two! Ugh lol
It’s a tough one!
Is there any way to avoid the transfer out fee from TD ameritrade? I made the mistake of just opening my Roth IRA there but then realized I like fidelity better because of fractional shares. I didn’t make any trades on my TD ameritrade account I just funded it and I’m switching the funds over to fidelity. Don’t make the same mistake as me, make sure to do your research before you open an account with a brokerage 🤦🏽♀️
So you don’t have any stocks? I believe that means you can withdraw the cash back to your bank and then move the money into Fidelity from there. The transfer fee applies when you move assets directly from TD to Fidelity. The problem for most people is they have to sell their stock and pay cap gains
No I don’t have any stocks but I already transferred out my account to fidelity, now I’m just waiting for it to process that’s why I wasn’t sure if the fee will still apply to me?
@@aileenayala6426 I'm in a similar boat. Decided I'd rather invest with Fidelity. Funded the account but haven't made any investments. Although it has earned .02 cents while sitting there. LOL. They can keep it, especially if it means I can transfer to Fidelity without fees since it won't be a FULL transfer out. Did you ever incur any fees?
@@joeywakeman3098 I opened an account with TD to make a prior year contribution for 2020. However, I want to move to Fidelity. Like, @Valenci, I only funded the account but never invested. Thought about withdrawing back to my bank, but won't that undo the prior year contribution? Thinking I need to transfer directly to Fidelity and let them keep the 2 cents interest, which would in turn keep me from doing a full transfer out.
Hi Christina yeah they took out a $75 fee for transferring my account even though I didn’t invest anything. I would recommend pulling it out to your money to the bank like he suggested if you don’t want any fees.
Penny stock (OTC) you pay (TD)
Is otc trading free on fidelity?
Yea, but you can still find under $5 stocks that are listed on S&P 500. I traded those on Robinhood and they don't do OTC's.
Just signed up with TD Ameritrade, because Robinhood don't have OCO order types, bracket orders. Basic risk management. Almost like they don't have it because it's a set up.
WHEN YOU MAKE A VIDOE OF VANGUARD (sorry the caps)
Schwab just joined TD ameritrade. Let's see what happens
Other way around. TD Ameritrade acquired by Schwab. TD Ameritrade disappears in 3 years and then Schwab only. TDA ceases to exist after this 3 year period.
there is no fee for otc on fidelity it cost zero cents to trade otc on fidelity while td ameritrade charges 6.95
Fidelity is the best
Fidelity isn't the best for options.
Everything else Fidelity is better for USA citizens. Custodial accounts, free checking account, a 2% flat cashback card, zero expense ratio Index mutual funds, and fractional shares for all ETFs and stocks.
i got td ameritrade just because im not us citizen
Well that’s a good reason!
Does Schwab and Fidelity doesn't allow Non US users?
This is a tough comparison. Both have very good customer service. Both are good for day traders.
TD tends to be an all you can trade buffet (Day trading, Option trading, Futures, and Foreign exchange). The bad thing is their Index mutual funds have higher than average expense ratios.
Fidelity leans towards frugal long-term investing and day trading. The lowest costing Index mutual funds in the industry for retirement accounts. The 2nd fastest broker for processing day trade orders (Lightspeed being #1).
Great comparison! Thanks for watching!
I have both and fidelity is better because they allow you to purchase fractional shares. Td does not. And fidelity has 0%index funds!!
Harrison Kessler Fractional shares are a must, I agree!
nice, i trade FX but plan on options and day trading stocks, i think i will go with TD ameritrade with this one and FIDELITY hold long term of my portfolio.
Wish I can afford the 2022 Nissan Pathfinder....please get those chips out so the prices come down because it is getting ridiculous. DEFINITELY DONT LIKE THE ELECTRIC SHIFTER.....unnecessary idea to save money on essential moving parts. For example let's say down the road you need to put your pathfinder in neutral for the tow truck to get you out of a jam because your truck doesn't start. How do we do that???? Also because this new shifter doesn't have a long history of reliability, perhaps there will be MANY electrical issues and shifting problems down the road??? Sometimes I just dont UNDERSTAND why car companies just cannot leave the Essentials alone?
I mean if it ain't broke dont fix it....
I may not buy any truck with that feature........JUST BECAUSE
This example may be the same as the push button start instead of a key start. When one wants to power up and down the windows while the vehical is off now you will have to start up the vehicle, burn gas just to get air....
I'll take anything over Charles Schwab.
what did they do to u lolz
@@seeum2098 They keep pushing their portfolio management crap, I had to wait half hour on a call just to unlock access to OTC trades; The entire time the agent kept trying to discourage me from buying them, It was annoying.
Fidelity will fuck you around. I started a account with them on July 15th. It's still not ready. I going to give them a couple more days. Then I'm going to E-Trade or Charles Schwab. It shouldn't take weeks to start an account. I been with a full commission broker before. Morgan Stanley only took a day.
You should contact Mrs monroe maybe she can help you out.
bye bye TD Bank
forex is not investing in foreign companies on foreign exchanges, come on man DYR
About time someone noticed this lmao I realized this mistake while editing
Fidelity has bad customer service. Ameritrade is better
Ameritrade has pretty good customer service. Be aware of their fees though like their organization fees for stocks for events such as splits and re-organization. Some brokers don't charge for this but Ameritrade does.
Ameritrade is way better.
''Ctrl + F' the word 'fee' u will find Fidelity fees lol.
Most OTC including Grayscale Trusts seem to be free to trade at Fidelity. I am now exclusively at Fidelity. They have HSA trading accounts. ThinkOrSwim at TD AmericanExpress is better than Fidelity Active Trader Pro, but ATP isn't too bad.
Thinkorswim is hard to beat
@@joeywakeman3098 I may open an account with Schwab to get TOS in whatever form it exists when the merger related integration is completed fully. In the meanwhile, I'm fairly satisfied with Fidelity.