You can access advanced Level II market data if you meet certain requirements-Robinhood Gold offers Level II quotes as part of its $5 a month fee. Ease of use is what made Robinhood famous, and while Fidelity is a more traditional firm their app has won awards for quality.īoth apps provide real-time price quotes, giving you the latest information on your assets. Instant access to funds while waiting for deposits to clearįidelity and Robinhood have high-quality investment apps that are easy to navigate and simplfy trading. Neither platform has a minimum balance requirement, and you can open an account without any requirement to deposit funds until you’re ready.Ĭommission-free stock, ETFs and options trading Note that Fidelity does charge a $0.65 fee per options contract, whereas options trading on Robinhood is completely free. Robinhood: Similaritiesįidelity and Robinhood offer commission-free trading of stocks, exchange-traded funds ( ETFs) and options, making them good options for budget-conscious investors. It’s important to compare these two leading online brokers to help you decide which platform best fits you. Meanwhile, Robinhood is a young fintech startup company that became famous for launching the zero-commissions stock trading revolution.īoth services offer their own distinct advantages for different kinds of investors. Originally founded in 1946, Fidelity Investments is one of the biggest global asset managers. Fidelity and Robinhood are two of the most popular online brokerage platforms available in the market today, despite their pronounced differences.
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