stock trading fee at fidelity and vanguard

Have a question about your personal investments? No matter how simple or complex, you can ask it here.
Post Reply
blackwhisker
Posts: 52
Joined: Thu Jul 05, 2018 9:32 pm

stock trading fee at fidelity and vanguard

Post by blackwhisker » Thu Jul 12, 2018 6:07 pm

hello,

i was recently surprised to find out stock trading fee is $4.95 at fidelity. i was paying $7 per trade at vanguard.

before this discovery, i had planned to transfer my IRA money at fidelity to vanguard. now i am not sure. i don't place that many trades. maybe 2-3 trades/month. but it still adds up.

other than the stock trading fee, i think i like my IRA at vanguard better than my IRA at fidelity. (vanguard seems to have better money market fund. and i like their total market fund better)

is there a way to have the best of both worlds? i saw some posting about getting free trades from fidelity if you transfer money to them. but it seems you have to use up the free trades in 180 days.

thanks!

User avatar
ruralavalon
Posts: 13955
Joined: Sat Feb 02, 2008 10:29 am
Location: Illinois

Re: stock trading fee at fidelity and vanguard

Post by ruralavalon » Thu Jul 12, 2018 8:06 pm

My suggestion is don't trade stocks.

You could have two IRAs, one at Vanguard and one at Fidelity.
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

Jack FFR1846
Posts: 7798
Joined: Tue Dec 31, 2013 7:05 am

Re: stock trading fee at fidelity and vanguard

Post by Jack FFR1846 » Thu Jul 12, 2018 9:29 pm

Schwab also has $4.95 stock trade fees.
Bogle: Smart Beta is stupid

stocknoob4111
Posts: 298
Joined: Sun Jan 07, 2018 12:52 pm

Re: stock trading fee at fidelity and vanguard

Post by stocknoob4111 » Thu Jul 12, 2018 9:39 pm

blackwhisker wrote:
Thu Jul 12, 2018 6:07 pm
hello,

i was recently surprised to find out stock trading fee is $4.95 at fidelity. i was paying $7 per trade at vanguard.
I use Robinhood, trading is free and the platform is pretty nice. Why pay $5 or $7 when you can pay zero?

blackwhisker
Posts: 52
Joined: Thu Jul 05, 2018 9:32 pm

Re: stock trading fee at fidelity and vanguard

Post by blackwhisker » Fri Jul 13, 2018 12:58 am

thank you everyone for taking the time to reply!

Jack FFR1846, it is helpful to know schwab also charges $4.95. thanks

stocknoob4111, robinhood sounds good. thanks. i just went to their web site. i got a "server error" message. not sure why...

nyblitz
Posts: 354
Joined: Mon Apr 09, 2007 7:33 am

Re: stock trading fee at fidelity and vanguard

Post by nyblitz » Fri Jul 13, 2018 1:34 am

Stay with Vanguard.

Come August, stock trades may well be $2/trade.

viewtopic.php?f=10&t=252991&newpost=4006512

blackwhisker
Posts: 52
Joined: Thu Jul 05, 2018 9:32 pm

Re: stock trading fee at fidelity and vanguard

Post by blackwhisker » Fri Jul 13, 2018 2:40 am

thanks for the info! i am looking forward to seeing what happens in august. it sounds like the $2/trade might only be for people with a lot of money at vanguard. but hopefully they will cut the trading cost for everyone else too.

bosocal
Posts: 22
Joined: Fri Jun 15, 2018 12:59 pm

Re: stock trading fee at fidelity and vanguard

Post by bosocal » Fri Jul 13, 2018 1:14 pm

Fidelity also offers many zero fee ETF's if that is something that interests you.

G-Force
Posts: 315
Joined: Sun Sep 20, 2009 3:03 pm
Location: Florida

Re: stock trading fee at fidelity and vanguard

Post by G-Force » Fri Jul 13, 2018 1:33 pm

nyblitz wrote:
Fri Jul 13, 2018 1:34 am
Stay with Vanguard.

Come August, stock trades may well be $2/trade.

viewtopic.php?f=10&t=252991&newpost=4006512
Vanguard already offers stock trades for $2/trade if you are a voyager select client.

User avatar
jhfenton
Posts: 3308
Joined: Sat Feb 07, 2015 11:17 am
Location: Ohio

Re: stock trading fee at fidelity and vanguard

Post by jhfenton » Fri Jul 13, 2018 1:44 pm

G-Force wrote:
Fri Jul 13, 2018 1:33 pm
nyblitz wrote:
Fri Jul 13, 2018 1:34 am
Stay with Vanguard.

Come August, stock trades may well be $2/trade.

viewtopic.php?f=10&t=252991&newpost=4006512
Vanguard already offers stock trades for $2/trade if you are a voyager select client.
Yeah. I didn't read anything in the announcement as implying a reduction in commissions on stock trades. The commissions are currently at $7x25/$20 (<$50,000), $7 (>=$50,000), $2 (>=$500,000), or $0/$2 (>=$1,000,000), depending on the level of assets you have invested in Vanguard funds. (At $1,000,000 you have 25 free trades, at $5,000,000 you get 100 free trades.)

blackwhisker
Posts: 52
Joined: Thu Jul 05, 2018 9:32 pm

Re: stock trading fee at fidelity and vanguard

Post by blackwhisker » Sun Jul 15, 2018 10:00 pm

thank you everyone for the info!

blackwhisker
Posts: 52
Joined: Thu Jul 05, 2018 9:32 pm

Re: stock trading fee at fidelity and vanguard

Post by blackwhisker » Sun Jul 15, 2018 10:10 pm

bosocal wrote:
Fri Jul 13, 2018 1:14 pm
Fidelity also offers many zero fee ETF's if that is something that interests you.
thank you. i will take another look. in general, i am not super motivated to research fidelity funds or efts. i always think i am getting a bad deal (expense ratio) at fidelity than vanguard. but it is probably my bias. it seems fidelity has become more competitive these days.

bosocal
Posts: 22
Joined: Fri Jun 15, 2018 12:59 pm

Re: stock trading fee at fidelity and vanguard

Post by bosocal » Fri Jul 20, 2018 9:37 am

blackwhisker wrote:
Sun Jul 15, 2018 10:10 pm
bosocal wrote:
Fri Jul 13, 2018 1:14 pm
Fidelity also offers many zero fee ETF's if that is something that interests you.
thank you. i will take another look. in general, i am not super motivated to research fidelity funds or efts. i always think i am getting a bad deal (expense ratio) at fidelity than vanguard. but it is probably my bias. it seems fidelity has become more competitive these days.
Yes I have both Fidelity and Vanguard accounts and yes some of Fidelity's managed accounts are higher, for the most part their index funds and Ishare etf(which are traded without a fee), have very low fee structures.
Best of luck!

blackwhisker
Posts: 52
Joined: Thu Jul 05, 2018 9:32 pm

Re: stock trading fee at fidelity and vanguard

Post by blackwhisker » Fri Jul 20, 2018 2:04 pm

bosocal wrote:
Fri Jul 20, 2018 9:37 am

Yes I have both Fidelity and Vanguard accounts and yes some of Fidelity's managed accounts are higher, for the most part their index funds and Ishare etf(which are traded without a fee), have very low fee structures.
Best of luck!

thank you bosocal

Post Reply