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Fidelity vs Freetrade : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Fidelity
Freetrade
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
STP broker
STP broker
Years of Existence / Established Year
1946
2016
Customer Base / Number of Accounts
51.4 million
1.5 M
Regulation & Security
Regulations (governing bodies)
SEC, MSRB, FINRA
FCA
Awards Won (count for the last 2 years)
Best Online Broker for Beginning Investors 2024, Rated #1 for Overall Broker 2024, Best Online Broker 2023
Best Online trading platform 2024
Security Measures
FDIC , SIPC
Yes
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes* Restriction for some clients
Yes
Negative Balance Protection
No
Yes
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
10000+ mutual funds including fixed income, CDs, Annuities, life insurance, long-term Care Planning, 529 Plans IRAs, Health Savings Account
6200+ U.S Treasury Bills, Investment trust
Currency Pairs
No
No
Commodities
No
No
Indices
No
No
Cryptocurrencies
Yes
No
CFDs
No
No
ETFs
Yes
Yes
Stocks
Yes
Yes
Options
Yes
No
Futures
No
No
Bonds
Yes
No
Mutual Funds
Yes
No
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
No
No
Real Estate Investment Trusts (REITs)
No
Yes
Equities
Yes
No
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
No
MT5
No
No
cTrader
No
No
Social Trading
Yes
Copy Trading
No
Yes
Other Trading Platforms (proprietary, etc.)
Trading dashboard, Fidelity mobile, Active Trader Pro
Freetrade web and mobile trading platform
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Fidelity® Cash Management Account., The Fidelity Account, Individual Retirement Account (IRA), 529 College Savings Account., Fidelity HSA, Custodial Account (UGMA/UTMA)
General investment account, Stocks and shares ISA, Personal pension account
Demo Account (Yes/No)
Yes
No
Islamic Accounts (Yes/No)
No
No
Minimum Deposit
$0
$0
Leverage Available
No
100:1
Trade Limit (maximum per trade)
Depends on assets class
depends on asset class
Commission (per account type)
$0
$0
Best Suited For (e.g., beginners, experienced traders)
Beginners and experienced traders
Beginners to experienced traders
Deposit & Withdrawal Options
Deposit Methods
ATM/debit card, Deposits eligible for FDIC insurance, Cash Manager, Fidelity Mobile, Bill Pay, Check writing, Automatic investments, Automatic withdrawals, Direct deposit, Electronic funds transfer (EFT), e-wallets
Bank transfer, debit card, Apple pay, google pay
Withdrawal Methods
Electronic funds transfer (EFT), Bank wire, Paper check, Paper bill varies by account types
Linked bank account
Other E-Wallets Supported
Venmo or PayPal
Apple pay , google pay
Tools & Educational Resources
Economic Calendar
No
No
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Research and Tools, Investment Education, Webinars and Online Courses, Market News and Insights, Retirement and Planning Tools
Learn (Trading Education), Freetrade Blog (Market Insights), Webinars, Investing Guides, Video Tutorials, Community Forum
Fees & Commissions
Trading-Related Fees
Commission for U.S stocks, ETFs, Options- $0, Mutual funds- $49.95, Crypto spread- 1.0 pip, Margin liquidation -$32.95 per liquidation, Stock certificate transfer and ship $10 Per Certificate
FX fee of 0.59%
Spread (typical, fixed, variable)
NA
Variable
Per Lot Fees
NA
NA
Options Contract Fees
$0.65/ Contract fee
NA
Futures Contract Fees
NA
NA
Markup Fees on Spread
NA
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
No
100:1
Non-Trading Fees
Dormant Fees
$0
$0
Subscription Fees (for premium features, data feeds)
NA
$0
Advisory Fees
NA
NA
Swap Fees (Overnight Financing)
NA
NA
Statement or Document Fee
NA
NA
Account Opening Fee
$0
NA
Account Maintenance Fee
$0
£10.97
Deposit Fee
$0
£5
Currency Conversion Fee
$50/ per trade
Exchange rate + 0.99%
Withdrawal Fee
Wire transfer-$3
£5
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
No
Yes
Customer Benefits (e.g., Retirement Plan)
Yes
No
Trading Hours
Trading Hours (for each asset class if applicable)
Premarket session -7:00 a.m. to 9:28 a.m. ET.
Monday to Friday: 8:00 AM - 4:30 PM GMT Monday to Friday: 9:30 AM - 4:00 PM ET (2:30 PM - 9:00 PM GMT) European Market Hours- Monday to Friday: 9:00 AM - 5:30 PM CET (8:00 AM - 4:30 PM GMT)
Customer Support
Support Hours (e.g., 24/7, weekdays only)
8:30 a.m. - 8:30 p.m. ET , Monday- Friday
24/5
Customer Support Methods (phone, email, live chat)
Phone: 800-343-0860, 800-835-5095, Live chat, Login for personalized help, FAQs
Help hub, community forum, E-mail, Social media
Support Languages
2
1
Additional Information
Headquarters Location
Boston, MA
Level 2, The Truman Brewery, 91 Brick Lane, London, England, E1 6QL
Complaints (for crypto brokers)
No
No
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