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Pick up to four brokers and quickly spot the differences that change a decision: trust, fees, platforms, withdrawals, restrictions, and notes you should verify.

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The comparison reads the same evidence fields used by broker profiles, so users can scan scores, regulation, costs, platforms, withdrawals, and caveats side by side.

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Broker 2
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Firstrade

firstrade.com

Options BrokerETF BrokerETF
Fidelity

fidelity.com

Stock BrokerETF BrokerETF
Decision summary
Overall score
85
91
Trust score
86
100
Cost score
94
89
Platform score
79
94
Withdrawal score
73
89
Best for
Cost-sensitive options traders · Self-directed U.S. stock and ETF investors · Investors seeking no-minimum brokerage or IRA accounts
Evidence supports Fidelity as a U.S.-focused, highly regulated multi-asset broker for stocks, ETFs, mutual funds, bonds/CDs, options, cash management, managed portfolios, and sepa…
Watch out
Needs verification
Needs verification
Trust & regulation
Regulators
Broker-dealer regulated by FINRA; SEC broker-dealer registration shown on BrokerCheck.
Source
Fidelity Brokerage Services LLC is SEC registered and regulated by FINRA; FBS and NFS are members of NYSE and SIPC.
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License numbers
CRD# 16843; SEC# 8-34642
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FBS CRD# 7784 / SEC# 8-23292; NFS CRD# 13041 / SEC# 801-50706, 8-26740.
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Regulated entities
Firstrade Securities Inc.
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Primary securities brokerage entities are Fidelity Brokerage Services LLC (FBS) and National Financial Services LLC (NFS), each member NYSE/SIPC; advisory and crypto entities differ by product.
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Negative balance protection
No CFD-style negative balance protection; margin trading losses may exceed deposited principal.
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Not applicable/not disclosed as a CFD-style negative balance protection policy; margin trading can create debt/interest obligations.
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Investor compensation
SIPC up to $500,000 including $250,000 cash; excess coverage via Apex up to aggregate $150 million / $37.5 million per customer including $900,000 cash.
Source
SIPC coverage up to $500,000/$250,000 cash plus Fidelity excess SIPC; FDIC sweep coverage may apply to eligible cash programs; important exclusions apply.
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Restricted countries
Full restricted-country list not disclosed; international page lists supported regions and site disclaims jurisdictions where Firstrade is not authorized.
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U.S.-persons focused; sanctioned countries/prohibited parties restricted; no exhaustive country availability list found.
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Costs & account conditions
Minimum deposit
$0 minimum initial deposit / no minimums.
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$0 to open a retail brokerage account; Fidelity states no account minimum and ability to invest with as little as $1; exceptions apply by account/product.
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Spread from
Not applicable or not broker-level for this investment-platform profile; review if leveraged products apply.
Source
Not applicable to Fidelity's core U.S. stock/ETF brokerage model; securities trade by exchange/market prices rather than quoted CFD/FX spreads.
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Commission
$0 online stock, ETF, options, and mutual fund trades; $0 options contract fee; most fixed income on net-yield basis; primary market CDs $30.
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$0 online U.S. stock and ETF trades; $0 online options commission plus $0.65/contract; other product/service fees apply.
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Maximum leverage
Maximum leverage not disclosed as a simple ratio; U.S. margin accounts are subject to margin rules and product-level requirements.
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No universal maximum leverage ratio disclosed for Fidelity retail brokerage; margin borrowing is available subject to approval and margin requirements/rates rather than a single max leverage figure.
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Deposit fee
ACH electronic transfer $0; incoming wire/account transfer fees not explicitly disclosed on checked fee page.
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$0 Fidelity fee for EFT and Fidelity does not charge wire fees; external banks may charge.
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Withdrawal fee
ACH $0; regular check $0; domestic/foreign outgoing wire $25; overnight check $50; ACAT transfer out $75; partial ACAT transfer out $55.
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$0 Fidelity fee for EFT and domestic bank wire withdrawals; foreign exchange wire up to 3% of principal; receiving bank may charge.
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Inactivity fee
No inactivity fees.
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No explicit inactivity-fee line found in official fee schedule; official account pages state no retail brokerage account fees/no account or subscription fees. Treat as needs manual confirmation before publishing as '$0 inactivity fee'.
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Markets, platforms & payments
Tradable assets
Stocks, ETFs, options, mutual funds, fixed income including Treasuries, municipal bonds, agency bonds, zeros/strips, and CDs.
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Stocks, ETFs, mutual funds, options, crypto, fixed income, bonds and CDs; Fidelity says stocks include domestic and international.
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Trading platforms
Web platform, iOS app, Android app, and Options Wizard/OptionsPlay analytics.
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Fidelity.com, Fidelity mobile app, Fidelity Trader+ Web/Desktop/Mobile mode, and legacy Active Trader Pro Classic.
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Account types
Individual/joint/custodial brokerage; Traditional/Roth/Rollover/SEP/SIMPLE IRA; Coverdell ESA; trust/estate; international individual; cash management.
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Broad account menu including taxable brokerage, retirement/IRA, cash management, HSA, custodial/youth, education, trust/business, managed and crypto accounts.
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Deposit methods
ACH electronic funds transfer, wire transfer, and ACAT/account transfer.
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EFT/ACH, bank wire, check/mobile check, direct deposit, recurring deposit, Fidelity-to-Fidelity/account transfer, transfer of assets, and eligible payment apps.
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Withdrawal methods
ACH transfer, outgoing domestic/international wire, regular check, and overnight check.
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EFT/ACH, bank wire, paper check, Fidelity-to-Fidelity transfers, third-party/person-to-person transfers and eligible debit card/ATM access.
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Withdrawal processing time
Withdrawal processing time not found in checked official public funding and fee pages.
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EFT withdrawals 1-3 business days; bank wire same day if submitted by 4 p.m. ET; paper check about 5-6 days.
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BrokerVS provides broker comparison research only. Scores and evidence can vary by country, account type, and legal entity; users should verify source links before opening an account.