Fidelity Alternatives: Pros, Cons, And How It Compares Updated for 2024
This alternatives to Fidelity guide has been updated for 2024 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about the alternatives to Fidelity to make sure you have as much information as possible to make an informed decision.
There are a lot of good alternatives to Fidelity like Startrader, freetrade, and easyMarkets. They all provide the same, if not more, features to their clients. If you feel that Fidelity is not quite right for you then it would be worth getting a virtual account with a range of the best Fidelity alternatives and ensuring that they are a better fit for you before moving any money around.
The most in depth review of Fidelity alternatives online
There's many reasons Fidelity may not be a good fit for you. For whatever reason you are hunting for a new Fidelity alternative or Fidelity competitor with similar services, comparebrokers.org try to give you as much helpful information so you can find what it is you need. Below you will discover the most popular Fidelity alternatives.
For each of the below alternative to Fidelity, we break down the key differences to Fidelity and for each platform feature show you the best alternatives. For each Fidelity alternative online trading platform shown we also have detailed trading platform reviews and guides that you can easily click to read elsewhere on comparebrokers.org, all based on hundreds of datapoints collected and reviewed by experts. If you are unimpressed with Fidelity, let us show you some great alternative online trading platformsbrokers|online trading platforms|brokerages.
Trading with a reputable and dependable broker is vital to your trading success. All of the Fidelity alternative brokers listed in this Fidelity alternatives guide have good reputations and can fit what you are looking for.
Alternatives With Lower Minimum Deposit
Fidelity has a minimum desposit of $100, you should see how the minimum deposit requirements of Fidelity compare with the minimum deposits of Fidelity competitors. Trading platforms offer lower minimum deposits to get traders to test them out, but having higher a minimum deposit isn’t necessarily a bad thing, it all comes down to your individual trading needs.
| Broker | Minimum Deposit | Find Out More |
|---|---|---|
|
Fidelity |
$100 | |
| freetrade |
$0 | |
| easyMarkets |
$100 | |
| Uphold |
$1 | |
| ThinkMarkets |
$0 |
Alternatives Offering Virtual Portfolio Accounts
Fidelity offers virtual portfolio accounts so you can test your trading strategies before risking any real money. Inexperienced traders can open a virtual portfolio account in order to become better acquainted with the aspects of Forex trading and test out some of the company’s features before getting a live account.
Below we show some of the best alternatives to Fidelity that has virtual portfolio accounts.
| Broker | Offers Demo Account? | Find Out More |
|---|---|---|
|
Fidelity |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
Yes |
|
Alternatives Offering Negative Balance Protection
Fidelity does not offer negative balance protection. If your balance is negative, Fidelity suggests that you promptly contact customer services. Then you can fix any imbalances within your own account.
Below we show some of the best alternatives to Fidelity that offer negative balance protection.
| Broker | Offers Negative Balance Protection? | Find Out More |
|---|---|---|
|
Fidelity |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| Uphold |
Yes |
Alternatives Offering Guaranteed Stop Loss
Fidelity unfortunately, does not provide guaranteed stop loss. Fidelity provides an opportunity to its dealers to close their trades in their given price. Apart from this, Fidelity does not offer guaranteed stop loss.
Below we show some of the top Fidelity alternatives that offer guaranteed stop loss available for their customers.
| Broker | Offers Guaranteed Stop Loss? | Find Out More |
|---|---|---|
|
Fidelity |
No | |
| easyMarkets |
Yes | |
| Uphold |
Yes | |
| instaforex |
Yes | |
| FreshForex |
Yes |
Alternatives Offering Scalping
Fidelity do allow scalping. Many traders throughout the world choose Fidelity for their scalping services. They offer trading on iPad, iPhone, Android, Windows Phone 8 device, Website, Trader Pro which allow this.
Below we detail some of the top alternatives to Fidelity that allow scalping functionality to their clients.
| Broker | Offers Scalping? | Find Out More |
|---|---|---|
|
Fidelity |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Hedging
Fidelity do permit hedging. Several traders throughout the world select Fidelity due to their large range of services. They offer trading on iPad, iPhone, Android, Windows Phone 8 device, Website, Trader Pro.
Below we detail some of the top alternatives to Fidelity that allow hedging services to their customer base.
| Broker | Offers Hedging? | Find Out More |
|---|---|---|
|
Fidelity |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Social Trading
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, Fidelity offers social trading which encompasses leading traders sharing their knowledge with the community. What stocks they are monitoring, what to buy, what to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. It is a more independent version of copy trading.
Below we detail some of the best alternatives to Fidelity that has social trading capabilities.
| Broker | Offers Social Trading? | Find Out More |
|---|---|---|
|
Fidelity |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Copy Trading
Fidelity's copy trading platform allows traders to share their expertise with others to build a community of investors and traders. Which stocks they are following, what stocks to buy, and what stocks to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. It is a more independent version of social trading.
Below we show some of the best alternatives to Fidelity that offer copy trading to their users
| Broker | Offers Copy Trading? | Find Out More |
|---|---|---|
|
Fidelity |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Compare Fidelity To All Other Brokers