Originally Posted By: Al
Originally Posted By: Vuflanovsky
Overall, I think Fidelity might be the best just due to their platform and the combination of commission/fees, ease of use, tools, and choices. I wouldn't put Vanguard in the top five - if you trade,
Sorry you are wrong (IMHO). I had Fidelity for 35 years. Still have a couple hundred K there. But Vanduard smokes them hands down. If you have m ore than 50 K with VG trades are $7..unlimited. In addition they have mega ETFs that you can trade constantly for free. I keep $$ with Fidelity just to diversify.
I think a lot of it depends on how you use your account because we're talking about online brokers..emphasizing online. If you're a retiree, then it's simple and cheap to manage your account on Vanguard. If you're a day trader or trade relatively often, then I think Fidelity and Schwab offer things that Vanguard does not...including a much better platform, more investment choices, menus, ease of use, and the ability to do things with a mobile app that's better than average if you want. Vanguard doesn't emphasize those items in the same way and it's platform reflects that.
True, Vanguard has the $7.00 trades ( I think Fidelity is $7.95 ) but my opinion isn't necessarily based on who does the best in what...but as a combination of elements that make Fidelity and Schwab's online brokerage presence better than Vanguard's. In researching which one would be right for you, you're bound to have disqualifying bits in relation to your particular situation. Vanguard's online capabilities are less than Fidelity, Schwab, Merrill and others...that may or may not make a difference to you...but I'm not gonna sit here and say that one is better than the other for someone's particular situation...only to say that as an online brokerage, combining things like, cost, choice, ease of use, research tools, mobile app, etc., Fidelity and Schwab are stronger than Vanguard. If all I wanted to do was trade, I'd probably be drawn to the cheapest...which is Merrill depending on your situation...but as a whole online enchilada, I'll take Fidelity or Schwab over Vanguard.