VOL. XCIV, NO. 247

★ FINANCIAL TOOLS & SERVICES DIRECTORY ★

PRICE: 5 CENTS

Tuesday, November 11, 2025

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Tool Comparison

Fidelity (Fidelity Brokerage Services LLC) vs Interactive Brokers comparison

Compare pricing, supported platforms, categories, and standout capabilities to decide which tool fits your workflow.

Quick takeaways

Fidelity (Fidelity Brokerage Services LLC) adds News, and Financials coverage that Interactive Brokers skips.

Interactive Brokers includes Paper Trading, APIs & SDKs, Data APIs, Risk Metrics (VaR/ES/Drawdown), Scenario & Stress Tests, and Performance Attribution categories that Fidelity (Fidelity Brokerage Services LLC) omits.

In depth comparison

Fidelity (Fidelity Brokerage Services LLC)

fidelity.com

A leading U.S. brokerage offering commission-free stock and ETF trades, plus robust platforms for both casual investors and active traders. Options contracts are priced at $0.65 each. Advanced conditional order types and streaming Level II data are available through Active Trader Pro, Fidelity’s professional desktop platform.

Platforms

WebMobileDesktop

Pricing

Other

Quick highlights

Commission-free online trades for U.S. stocks and ETFs; options contracts at $0.65 each (a small number of ETFs still carry a $100 service fee).
Execution quality reports highlight strong fill statistics, with most trades price-improved and executed in fractions of a second. Fidelity discloses savings per order and does not accept payment for order flow on stock and ETF trades.
Active Trader Pro® desktop platform provides streaming market data, Level II quotes with time & sales, and real-time analytics with trading signals.
Supports advanced conditional orders including Contingent, Multi-Contingent, OCO, OTO, and OTOCO, both on Fidelity.com and within Active Trader Pro.
Options chain displays real-time Greeks and supports multi-leg strategies inside Active Trader Pro.

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Interactive Brokers

interactivebrokers.co.uk

Editor’s pick Hands-on review

A global, multi-asset direct-access broker with coverage across 160 markets in 36 countries and 28 currencies. Crypto trading and some services vary by region (IBKR Crypto is powered by Paxos or Zero Hash where supported). Client APIs include the Client Portal Web API and TWS API; retail users authenticate via the local Client Portal Gateway, while OAuth2 applies to approved web integrations.

Platforms

WebMobileDesktopAPI

Pricing

Other

Quick highlights

Single universal account providing access to around 160 markets across 36 countries and 28 currencies.
More than 100 order types and algos, including Bracket, OCO, and OCA, with either SMART routing or direct exchange routing.
Market depth (Level II) and full order book views via Trader Workstation (TWS).
Advanced options analytics with Greeks, implied volatility curves, and a 3D volatility surface viewer.
Risk Navigator for real-time portfolio risk, Value-at-Risk, and what-if scenario analysis.

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Where they differ

Fidelity (Fidelity Brokerage Services LLC)

Distinct strengths include:

News Financials

Commission-free online trades for U.S. stocks and ETFs; options contracts at $0.65 each (a small number of ETFs still carry a $100 service fee).
Execution quality reports highlight strong fill statistics, with most trades price-improved and executed in fractions of a second. Fidelity discloses savings per order and does not accept payment for order flow on stock and ETF trades.
Active Trader Pro® desktop platform provides streaming market data, Level II quotes with time & sales, and real-time analytics with trading signals.
Supports advanced conditional orders including Contingent, Multi-Contingent, OCO, OTO, and OTOCO, both on Fidelity.com and within Active Trader Pro.

Interactive Brokers

Distinct strengths include:

Paper Trading APIs & SDKs Data APIs Risk Metrics (VaR/ES/Drawdown)Scenario & Stress Tests Performance Attribution

Single universal account providing access to around 160 markets across 36 countries and 28 currencies.
More than 100 order types and algos, including Bracket, OCO, and OCA, with either SMART routing or direct exchange routing.
Market depth (Level II) and full order book views via Trader Workstation (TWS).
Advanced options analytics with Greeks, implied volatility curves, and a 3D volatility surface viewer.

Feature-by-feature breakdown

Attribute	Fidelity (Fidelity Brokerage Services LLC)	Interactive Brokers
Categories Which research workflows each platform targets	Shared: Brokerage, Portfolio, Watchlist, Advanced Order Types, Smart/Direct Routing, Order Book / Level II, Options & Derivatives Unique: News, Financials	Shared: Brokerage, Portfolio, Watchlist, Advanced Order Types, Smart/Direct Routing, Order Book / Level II, Options & Derivatives Unique: Paper Trading, APIs & SDKs, Data APIs, Risk Metrics (VaR/ES/Drawdown), Scenario & Stress Tests, Performance Attribution
Asset types Supported asset classes and universes	Stocks, ETFs, Options, Bonds, Mutual Funds, Cryptos	Stocks, ETFs, Options, Futures, Bonds, Mutual Funds, Currencies, Commodities, Cryptos
Experience levels Who each product is built for	Beginner, Intermediate, Advanced	Beginner, Intermediate, Advanced
Platforms Where you can access the product	Web, Mobile, Desktop	Web, Mobile, Desktop, API
Pricing High-level pricing models	Other	Other
Key features Core capabilities called out by each vendor	Unique Commission-free online trades for U.S. stocks and ETFs; options contracts at $0.65 each (a small number of ETFs still carry a $100 service fee). Execution quality reports highlight strong fill statistics, with most trades price-improved and executed in fractions of a second. Fidelity discloses savings per order and does not accept payment for order flow on stock and ETF trades. Active Trader Pro® desktop platform provides streaming market data, Level II quotes with time & sales, and real-time analytics with trading signals. Supports advanced conditional orders including Contingent, Multi-Contingent, OCO, OTO, and OTOCO, both on Fidelity.com and within Active Trader Pro. Options chain displays real-time Greeks and supports multi-leg strategies inside Active Trader Pro. International trading access spanning 25 countries and 16 currencies for direct equity purchases outside the U.S.	Unique Single universal account providing access to around 160 markets across 36 countries and 28 currencies. More than 100 order types and algos, including Bracket, OCO, and OCA, with either SMART routing or direct exchange routing. Market depth (Level II) and full order book views via Trader Workstation (TWS). Advanced options analytics with Greeks, implied volatility curves, and a 3D volatility surface viewer. Risk Navigator for real-time portfolio risk, Value-at-Risk, and what-if scenario analysis. Portfolio Rebalancer tool to realign or target allocation weights across accounts.
Tested Verified by hands-on testing inside Find My Moat	Not yet	Yes
Editor pick Featured inside curated shortlists	Standard listing	Highlighted

Frequently Asked Questions

Which workflows do Fidelity (Fidelity Brokerage Services LLC) and Interactive Brokers both support?

Both platforms cover Brokerage, Portfolio, Watchlist, Advanced Order Types, Smart/Direct Routing, Order Book / Level II, and Options & Derivatives workflows, so you can research those use cases in either tool before digging into the feature differences below.

Do Fidelity (Fidelity Brokerage Services LLC) and Interactive Brokers require subscriptions?

Neither platform maintains a free tier. Budget for a subscription to unlock the research coverage highlighted in this comparison.

How can you access Fidelity (Fidelity Brokerage Services LLC) and Interactive Brokers?

Both Fidelity (Fidelity Brokerage Services LLC) and Interactive Brokers support web and mobile access, making it easy to keep tabs on research away from the desk.

What unique strengths set the two platforms apart?

Fidelity (Fidelity Brokerage Services LLC) differentiates itself with Commission-free online trades for U.S. stocks and ETFs; options contracts at $0.65 each (a small number of ETFs still carry a $100 service fee)., Execution quality reports highlight strong fill statistics, with most trades price-improved and executed in fractions of a second. Fidelity discloses savings per order and does not accept payment for order flow on stock and ETF trades., and Active Trader Pro® desktop platform provides streaming market data, Level II quotes with time & sales, and real-time analytics with trading signals., whereas Interactive Brokers stands out for Single universal account providing access to around 160 markets across 36 countries and 28 currencies., More than 100 order types and algos, including Bracket, OCO, and OCA, with either SMART routing or direct exchange routing., and Market depth (Level II) and full order book views via Trader Workstation (TWS)..

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