Finance

Best Apps Like Fidelity Investments in 2026

Fidelity offers commission-free trading, zero-expense-ratio index funds, robust research, and a complete suite of retirement and banking products.

Why People Look for Fidelity Investments Alternatives

Mobile app is functional but less polished than Robinhood or Webull for active traders.
Mutual fund transaction fees apply to some non-Fidelity funds.
The platform can feel complex for beginners due to its breadth of features.
International trading options are more limited than Interactive Brokers.

6 Best Alternatives to Fidelity Investments

Each app below addresses a specific gap in Fidelity Investments's offering. We picked them based on real user review patterns and feature differentiation.

Charles Schwab

Full-Service Brokerage with thinkorswim

Schwab matches Fidelity across nearly every category: $0 commissions, strong research, retirement accounts, and banking products. After acquiring TD Ameritrade, it added thinkorswim for active traders.

Investors who want a Fidelity-caliber experience with pro trading tools Free; $0 commissions on stocks/ETFs
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Vanguard

Low-Cost Index Fund Investing

Vanguard is the home of passive investing, offering industry-leading low-expense-ratio index funds and ETFs. It is owned by its fund investors and focuses on long-term wealth building.

Buy-and-hold investors who primarily want index funds Free; $0 commissions on Vanguard ETFs
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E*TRADE

Brokerage with Strong Options Platform

E*TRADE offers a broad product lineup with its Power E*TRADE platform excelling at options trading. It provides mutual funds, bonds, futures, and solid retirement account options.

Options traders who also want a full-service brokerage Free; $0.65/contract options; futures $1.50/contract
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Interactive Brokers

Global Markets at Low Costs

IBKR offers the broadest market access of any retail broker — 150 markets, 33 countries. Competitive margin rates and global trading make it the choice for sophisticated investors.

Advanced and international investors IBKR Lite free; Pro uses tiered commissions
Explore Interactive Brokers data →

Robinhood

Simple Mobile-First Investing

Robinhood is the go-to for investors who want a frictionless mobile experience over Fidelity's comprehensive but complex interface. Great for beginners starting with fractional shares.

Beginners who want simplicity over feature depth Free; Robinhood Gold from $5/month
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Merrill Edge

Brokerage Backed by Bank of America

Merrill Edge integrates seamlessly with Bank of America accounts and offers solid research powered by BofA Securities. Preferred Rewards members earn extra perks including free trades.

Bank of America customers who want integrated banking and investing Free; $0 commissions on stocks/ETFs
Explore Merrill Edge data →
How we found these alternatives

Fidelity consistently ranks as one of the most trusted brokerages, known for customer service, research quality, and the industry-first zero-fee index funds.

Frequently Asked Questions

No. Fidelity charges $0 on US stock and ETF trades. Options cost $0.65 per contract. Fidelity's own index funds (ZERO funds) have no expense ratio or minimum investment.

Yes. Fidelity's Cash Management Account includes a debit card, unlimited ATM fee reimbursements worldwide, and FDIC-insured cash sweeps, making it a strong alternative to a traditional bank.

Yes. Fidelity Stocks by the Slice lets you buy fractional shares of US stocks and ETFs for as little as $1, allowing you to build a diversified portfolio without needing to buy full shares.

App Vulture monitors brokerage app ratings and user sentiment over time, so you can see how Fidelity's app compares to Charles Schwab, E*TRADE, or other alternatives on user satisfaction.

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