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Fidelity vs Robinhood
The same facts side by side. Swap a broker from the menu under its logo; the best value in each row is marked.
- Fidelity leads
- 3
- Robinhood leads
- 2
- Level
- 6
Of 11 scored facts, Fidelity leads on 3, Robinhood on 2, and 6 are level. Countries and the offer are not scored.
Sync-only with QuantWheel
Your tradingabout $0.55 a monthabout $6.64 a yearInactivity fee estimated.
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Head-to-head
The best value in each row is marked; rows where every broker matches carry no mark.| Fact |  Fidelity | Robinhood |
|---|---|---|
| Fee per contract | $0.65 per contract | $0 per contractBest |
| Fidelity, Buy to close at $0.65 or less costs $0 | Robinhood, Index contracts and other fees extra | |
| Exercise and assignment | $0 | $0 |
| Approval | NakedBest | Spreads |
| Fidelity, Up to naked short options | Robinhood, Up to defined-risk spreads | |
| 0DTE | Yes | Yes |
| Index options (SPX) | Yes | Yes |
| Options on futures | No | No |
| Spreads in an IRA | YesBest | No |
| Portfolio margin | Not published | Not published |
| Margin rate | 10.63% | 5.05%Best |
| Platforms | Web, Desktop, MobileBest | Web, Mobile |
| Paper trading | Not published | Not published |
| 24/7 support | Yes | Yes |
| Countries | US residents only | US only (SSN, US address; citizen, permanent resident or valid visa) |
| QuantWheel | Sync-only | Sync-only |
| Fidelity, Reads the account; you place the orders | Robinhood, Reads the account; you place the orders | |
| Offer |
Facts from each broker's fee schedule and options agreement, checked 8 October 2026. Best marks the lowest cost or the widest allowance in a row.
The two brokers
One paragraph each.Fidelity$0.65 per contract · $0 exercise and assignment · naked
Fidelity opens options accounts for residents of the United States only. It charges $0.65 per contract (Buy to close at $0.65 or less costs $0). Exercise and assignment cost $0. It approves up to naked short options. It trades on Web, Desktop, Mobile. QuantWheel syncs positions and trades from the account and suggests; you place the orders at the broker.
Robinhood$0 per contract · $0 exercise and assignment · spreads
Robinhood opens options accounts for residents of the United States, Puerto Rico and the US Virgin Islands, among the 243 countries this directory covers. It charges $0 per contract (Index contracts and other fees extra). Exercise and assignment cost $0. It approves up to defined-risk spreads. It trades on Web, Mobile. QuantWheel syncs positions and trades from the account and suggests; you place the orders at the broker.
What each costs for the way you trade
A year of fees from each broker's published prices, checked 7 and 8 October 2026.
Fidelity
$0.72 a trade, 0.6% of your premium.
$5.77 a month$66 to $69 a year
Robinhood
about $0.07 a trade, under 0.1% of your premium. Inactivity fee estimated.
about $0.55 a monthabout $6.64 a year
Robinhood does not publish every fee this strategy needs, so no broker is named lowest here.
A year from each broker's published fees. A fee a broker leaves out is estimated at the middle of what the brokers that publish it charge, and that total says about. Your broker statement can differ, and brokers change fees.
Who each suits
Written from the facts on this page. Each feature needs the broker's approval and account rules.Fidelity suits a trader who wants naked options or spreads in an IRA. Spreads and naked options there each need a minimum balance. Robinhood's highest level is spreads, and its IRAs allow Level 2 only. Robinhood suits a trader who wants chat support around the clock or trades 0DTE. It takes new same-day positions on stock and ETF options until 3:30 pm ET, if enabled. With both, QuantWheel syncs your positions and you place the orders at the broker.
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Fidelity vs Robinhood