Fidelity vs Interactive Brokers - Compare features, fees and

Fidelity vs Interactive Brokers Highlights

Here's a look at the differences between these two investment platforms. Minafi's finances are an open book. See how we make money.

Overview
Overview Feature	Included
Founded	1946
Min Investment
Classification	Self-Guided Account
Accounts Offered	529 College Savings Plan Health Savings Account Joint Non-Profit Roth IRA SEP IRA Solo 401(k) Taxable Traditional IRA Trusts
How to Access	Android Application Website iOS Application
Allows Investors from	United States of America

Features
Feature	Included
Automatic Investing
Automatic Rebalancing
Automatic Tax-Loss Harvesting
Checking Account
Fractional ETF Shares
Free Trades
Good for Beginners
Good for Day Trading
Good for Retirement
Sign Up Bonus

Overview
Overview Feature	Included
Founded	1978
Min Investment	$0.00
Classification	Self-Guided Account
Accounts Offered	Joint Roth IRA SEP IRA Taxable Traditional IRA Trusts
How to Access	API Android Application Linux App Mac App Website Windows App iOS Application
Allows Investors from	United States of America

Features
Feature	Included
Automatic Investing
Automatic Rebalancing
Automatic Tax-Loss Harvesting
Checking Account
Fractional ETF Shares
Free Trades
Good for Beginners
Good for Day Trading
Good for Retirement
Sign Up Bonus

Investment Apps comparison
Feature by	Fidelity	Interactive Brokers
Rating	64 Open An Account	60 Open An Account
Minafi Rating (out of 10)	8 /10	/10
Usability Score (out of 10)	7 /10	4 /10
Cost Rating (out of 10)	8 /10	1 /10
Trust Rating (out of 10)	9 /10	10 /10
Company Age Score (out of 5)	5 /5	5 /5
JD Power Score (out of 1,000)	0 /10	-
Overview
Year Founded	1946	1978
Min Investment		$0.00
Classification	Self-Guided Account	Self-Guided Account
Accounts Offered	529 College Savings Plan Health Savings Account Joint Non-Profit Roth IRA SEP IRA Solo 401(k) Taxable Traditional IRA Trusts	Joint Roth IRA SEP IRA Taxable Traditional IRA Trusts
How to Access	Android Application Website iOS Application	API Android Application Linux App Mac App Website Windows App iOS Application
Allows Investors from	United States of America	United States of America
Features
Automatic Investing
Automatic Rebalancing
Automatic Tax-Loss Harvesting
Checking Account
Fractional ETF Shares
Free Trades
Good for Beginners
Good for Day Trading
Good for Retirement
Sign Up Bonus
Fees & Expenses
Management Fee	-	-
Monthly Fee	-	-
Options Fee	-	-
Trade Fee	-
Fee Table (100% = lowest fees)	View Fidelity fees	View Interactive Brokers fees

Website	https://www.fidelity.com/	https://www.interactivebrokers.com/
Pros	Has an account type for everything you can imagine. Zero-fee mutual funds offer the lowest fees in the industry. Free trades for stocks, options, ETFs, and Fidelity funds.	Apps for every platform. Just about every trading option you can imagine. Lots of day trading options.
Cons	Sometimes confusing website due to the number of offerings. Multiple funds that invest in the same thing with different fees.	So much security, you’ll need to confirm your account 10x to just get setup. Advanced configuration and options require training to use. Extreme overkill if you’re aiming to just invest in ETFs and mutual funds for retirement.
Promotions
Fees	Expense ratios range from 0% up to over 1.3%.	Depending on your tier, free trades for ETFs and mutual funds. Minimum $0.35 per stock trade. Somewhat confusing fee structure.