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Fidelity vs Vanguard: Which Is Better?

A detailed comparison to help you choose the right option for your financial goals.

Editor's Choice

Fidelity

4.7/5
$0 commissions
No minimums
Fractional shares

Pros

  • No fees
  • Great research
  • Full service

Cons

  • Interface dated
  • App can be complex
  • Too many options

Best For

Investing BeginnersRetirement SaversHigh Earners
Get Fidelity

Vanguard

4.5/5
Low-cost index funds
Investor-owned
Best for long-term

Pros

  • Lowest fund costs
  • Trusted name
  • Long-term focused

Cons

  • App very dated
  • Slow transfers
  • Not for active trading

Best For

Retirement SaversInvesting BeginnersHigh Earners
Get Vanguard

Our Verdict

Fidelity gets our recommendation with a 4.7/5 rating. It's especially strong for those who want $0 commissions. That said, Vanguard is still excellent if lowest fund costs is your top priority.