Alex Manea
Are you looking for a reliable broker to enter the stock market and start trading? Fidelity and Trading 212 are two top online brokers that you will come across. In this article, we will compare Fidelity Vs. Trading 212 to help you pick the best one to start trading.
Fidelity refers to a US stock broker offering commission-free ETFs and US stocks. Additionally, it offers various high-quality research tools like detailed fundamental charting and data, as well as trading ideas. The trading broker lets you place advanced order types and is extremely easy to use. You will be able to trade with international stocks along with US stocks.
Trading 212 is a CFD broker offering zero-commission ETF and stock trading. The account opening process is quick, straightforward, and can be done online. With well-designed and easy-to-use mobile and web platforms, Trading 212 benefits beginner investors.
Fidelity offers various trading products, from options to stocks, including international stocks. However, future and forex trading are not available.
Trading 212 focuses on CFDs, ETFs, and real stocks. Therefore, popular assets like bonds, options, futures, and mutual funds are missing. Despite the limitations, the product selection range of Trading 212 is extensive and includes the following:
Fidelity has low trading and non-trading fees. Moreover, there is no commission fees, deposit or withdrawal fee, or inactivity fee for US stock trading. However, traders find the fees and rates of some mutual funds to be high.
Trading 212 comes with no commission fees, deposit or withdrawal fees, or even inactivity fees. But traders find the fees for forex trading to be quite high.
The fidelity trading web platform is user-friendly and lets you place different types of orders. The two-step authentication ensures that you don't have to worry about security. Fidelity also has an in-house developed web trading platform available in English.
The Fidelity desktop trading platform is highly customizable and supports different order types. It comes with a free clear report. The in-house developed desktop platform from Fidelity is called Active Trader Pro and is primarily used by active and experienced traders and investors.
The Fidelity mobile trading space is quite well-designed and user-friendly. It is one of the best mobile trading platforms. You will come across an iOS as well as an Android app.
Trading 212 has one of the best web trading platforms with features like an easy search and a two-step login. The in-house developed Trading 212 web platform is available in different languages.
Trading 212 does not support trading experience on desktop platforms. But Trading 212 offers an iOS as well as an Android app.
The offerings from Fidelity trading are as follows:
The different products available from Trading 212 are as follows:
Fidelity happens to be a regulated broker and is supervised by a top-tier financial regulator in the US. Fidelity trading is covered by investor protection, and it also provides negative balance protection in certain jurisdictions. The investor protection amount is up to $500,000 for securities and up to $250,000 for cash.
Trading 212 is a regulated broker supervised by top-tier financial regulators in the UK, Cyprus, and Bulgaria. Trading 212 also comes with investor protection in certain areas. The investor protection amount is £85,000 for clients under FCA and €20,000 for clients under CySEC or FSC Bulgaria.
None of the brokers have a banking background. Neither of them is listed on the stock exchange.
Fidelity is a US broker regulated by top-tier authorities, including FINRA and SEC. It is primarily recommended for traders and investors looking for solid research as well as trading platforms.
Trading 212 happens to be a CFD broker regulated by the Cypriot CySEC, UK FCA, and Bulgarian FSC. It enables clients to invest in ETF trading and commission-free stock. It is primarily recommended for CFD traders and equity investors looking for easy-to-use trading platforms.
Fidelity is usually compared at par with Trading 212 in multiple aspects. But Trading 212 gains an edge in terms of customer service.
