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Robinhood vs Fidelity : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Robinhood
Fidelity
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
STP
STP broker
Years of Existence / Established Year
2013
1946
Customer Base / Number of Accounts
24.2 M
51.4 million
Regulation & Security
Regulations (governing bodies)
FINRA,SIPC, SEC
SEC, MSRB, FINRA
Awards Won (count for the last 2 years)
Future Trends Corporates Award -2024, Future Trends Leader Award- 2024
Best Online Broker for Beginning Investors 2024, Rated #1 for Overall Broker 2024, Best Online Broker 2023
Security Measures
SIPC, FDIC
FDIC , SIPC
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
No
Yes* Restriction for some clients
Negative Balance Protection
Yes
No
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
5000+ trading instruments
10000+ mutual funds including fixed income, CDs, Annuities, life insurance, long-term Care Planning, 529 Plans IRAs, Health Savings Account
Currency Pairs
No
No
Commodities
No
No
Indices
No
No
Cryptocurrencies
Yes
Yes
CFDs
No
No
ETFs
Yes
Yes
Stocks
Yes
Yes
Options
Yes
Yes
Futures
Yes
No
Bonds
No
Yes
Mutual Funds
No
Yes
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
No
No
Real Estate Investment Trusts (REITs)
No
No
Equities
No
Yes
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
No
MT5
No
No
cTrader
No
No
Social Trading
No
Copy Trading
No
No
Other Trading Platforms (proprietary, etc.)
Mobile, web trading, Desktop trading
Trading dashboard, Fidelity mobile, Active Trader Pro
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Margin, IRA, and cash account
Fidelity® Cash Management Account., The Fidelity Account, Individual Retirement Account (IRA), 529 College Savings Account., Fidelity HSA, Custodial Account (UGMA/UTMA)
Demo Account (Yes/No)
No
Yes
Islamic Accounts (Yes/No)
No
No
Minimum Deposit
$0
$0
Leverage Available
2:1
No
Trade Limit (maximum per trade)
Depends on assets class
Depends on assets class
Commission (per account type)
$0
$0
Best Suited For (e.g., beginners, experienced traders)
Beginners
Beginners and experienced traders
Deposit & Withdrawal Options
Deposit Methods
ACH, Instant bank transfer, Debit card, Wire transfer
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
Withdrawal Methods
Instant bank transfer, Debit card, Standard bank transfer
Electronic funds transfer (EFT), Bank wire, Paper check, Paper bill varies by account types
Other E-Wallets Supported
No
Venmo or PayPal
Tools & Educational Resources
Economic Calendar
Yes
No
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Learning Tutorials, Webinars, Market news and insights, Support and community
Research and Tools, Investment Education, Webinars and Online Courses, Market News and Insights, Retirement and Planning Tools
Fees & Commissions
Trading-Related Fees
Exchange and regulatory fees: $55 per trade, with a maximum of $0.02, Margin fees: 5.75%
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
Spread (typical, fixed, variable)
NA
NA
Per Lot Fees
NA
NA
Options Contract Fees
$0.01
$0.65/ Contract fee
Futures Contract Fees
NA
NA
Markup Fees on Spread
0.50%
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
2:1
No
Non-Trading Fees
Dormant Fees
$0
$0
Subscription Fees (for premium features, data feeds)
$5 per month
NA
Advisory Fees
NA
NA
Swap Fees (Overnight Financing)
NA
NA
Statement or Document Fee
$2 per month
NA
Account Opening Fee
$0
$0
Account Maintenance Fee
$0
$0
Deposit Fee
$0
$0
Currency Conversion Fee
0.03%
$50/ per trade
Withdrawal Fee
Withdrawal : 1.75%, Bank transfers- 0, Outgoing wire transfer $25 Domestic overnight check delivery $20, ACATS, Outgoing $100
Wire transfer-$3
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
No
Customer Benefits (e.g., Retirement Plan)
Yes
Yes
Trading Hours
Trading Hours (for each asset class if applicable)
8 PM ET Sunday until 8 PM ET Friday
Premarket session -7:00 a.m. to 9:28 a.m. ET.
Customer Support
Support Hours (e.g., 24/7, weekdays only)
7 AM - 9 PM ET
8:30 a.m. - 8:30 p.m. ET , Monday- Friday
Customer Support Methods (phone, email, live chat)
App chat 24/7 , Phone- 650-761-7789, Robinhood Crypto- 888-275-8523
Phone: 800-343-0860, 800-835-5095, Live chat, Login for personalized help, FAQs
Support Languages
1
2
Additional Information
Headquarters Location
Menlo Park, California , U.S.
Boston, MA
Complaints (for crypto brokers)
No
No
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