Fidelity vs. Robinhood: 2024 Comparison - NerdWallet (2024)

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Fidelity vs. Robinhood: 2024 Comparison - NerdWallet (2024)

FAQs

Is it better to use Fidelity or Robinhood? ›

Robinhood is good for simple trades, while Fidelity's mobile offering is more comprehensive and a better platform when it comes to the complete mobile trade experience.

What is the best investment in 2024? ›

Some of the best investments of 2024, according to Bankrate, are high-yield savings accounts, long-term CDs, corporate bond funds, dividend stock funds and value stock funds.

Which index fund is best in 2024? ›

Best Index Funds in india for 2024
Index FundMinimum SIP Investment3-year return
Nippon India Nifty Small Cap 250 Index Fund Direct - GrowthRs 1,00033.50%
DSP Nifty 50 Equal Weight Index Fund Direct - GrowthRs 10022.94%
Canara Robeco Small Cap Fund Direct - GrowthRs 1,00037.33%
2 more rows

Should I switch to Fidelity from Robinhood? ›

It is ideal for investors who are new and want to get into the market without the expense of commissions. While Robinhood has been gaining popularity due to its easy-to-use interface and commission-free trading, Fidelity offers a broader variety of investment choices, powerful research tools, and personalized advice.

What is the downside to Fidelity? ›

Fees. Fidelity has average trading and low non-trading fees, including commission-free US stock trading. On the negative side, margin rates and fees for some mutual funds can be high. We compared Fidelity's fees with two similar brokers we selected, E*TRADE and TD Ameritrade.

Why is Fidelity Investments the best? ›

Where Fidelity shines. Well-rounded offering: Fidelity Investments offers $0 trading commissions, no account fees that can erode returns, a swath of research offerings and an easy-to-use platform that advanced traders can customize. Mutual funds: Fidelity has a strong reputation for its mutual funds.

What is the safest investment with the highest return? ›

These seven low-risk but potentially high-return investment options can get the job done:
  • Money market funds.
  • Dividend stocks.
  • Bank certificates of deposit.
  • Annuities.
  • Bond funds.
  • High-yield savings accounts.
  • 60/40 mix of stocks and bonds.
May 13, 2024

How to get 10% return on investment? ›

Investments That Can Potentially Return 10% or More
  1. Stocks.
  2. Real Estate.
  3. Private Credit.
  4. Junk Bonds.
  5. Index Funds.
  6. Buying a Business.
  7. High-End Art or Other Collectables.
Sep 17, 2023

What is the best investment for the next 10 years? ›

Top 10 Long Term Investment Options
  • PPF and EPF. Public Provident Fund (PPF) is considered one of the best long term investments in India, with an investment tenure of 15 years. ...
  • Stocks. ...
  • Mutual funds. ...
  • Real Estate. ...
  • Bonds. ...
  • Gold. ...
  • ULIPs. ...
  • Equity Funds.
May 7, 2024

Which index fund gives the highest return? ›

ICICI Prudential Nifty 50 Index Fund-Growth is among India's top 10 index funds. It falls within the Large Cap Index category. Over the past year, ICICI Prudential Nifty 50 Index Fund-Growth has returned 15.09 percent. Since its inception, it has delivered an average annual return of 14.74 percent.

What are the best investments in 2025? ›

3 Stocks That Can Help You to Get Richer in 2025 and Beyond
  • Pfizer's recent slump is understandable and not likely a long-term issue.
  • Veeva Systems has a lot to offer its 1,400-plus customers, and they tend to stick around.
  • The S&P 500 is also worth considering, as it includes many fast growers and pays a dividend, too.
May 24, 2024

Which ETF has the best 10 year return? ›

1. VanEck Semiconductor ETF
  • 10-year return: 24.37%
  • Assets under management: $10.9B.
  • Expense ratio: 0.35%
  • As of date: November 30, 2023.

Why is Fidelity better than Robinhood? ›

Fidelity's fee structure is somewhat different, as this platform offers significantly more products and services than Robinhood. Fidelity doesn't charge trading fees or commissions on stocks and ETFs. However, unlike Robinhood, it does charge $0.65 per contract to trade most options.

Is it safe to keep all my money in Fidelity? ›

Protecting your assets

With our Customer Protection Guarantee, we reimburse you for losses from unauthorized activity in your accounts. We also participate in asset protection programs such as FDIC and SIPC to help provide the best service possible.

Are my stocks safe at Fidelity? ›

Because Fidelity is privately owned, it is able to make decisions based on long-term benefits — not short-term gains — for the clients it serves. Fidelity's financial stability, its compliance with industry regulations, and its insurance protection all serve to help safeguard your investments.

What are the cons of trading with Robinhood? ›

Robinhood's range of offerings is extremely limited in that it only offers stocks, ETFs, options, and cryptocurrency trading. Robinhood doesn't support mutual funds or fixed-income products, and you can't trade commodities, forex, or futures.

Does Fidelity charge fees for trading? ›

1. $0.00 commission applies to online U.S. equity trades, exchange-traded funds (ETFs) and options (+ $ 0.65 per contract fee) in a Fidelity retail account only for Fidelity Brokerage Services LLC retail clients. Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal).

Is Fidelity safe to put money in? ›

All Fidelity brokerage accounts are covered by SIPC. This includes money market funds held in a brokerage account since they are considered securities. Learn more about SIPC coverage at www.sipc.orgOpens in a new window.

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