Who has higher fees, Fidelity or Vanguard?

Fees at Fidelity and Vanguard are very close overall, and neither is clearly “higher” across the board.

For index mutual funds and ETFs, both offer extremely low expense ratios, often under 0.05%. Fidelity actually offers a few zero-expense-ratio index funds, which Vanguard does not match.

For actively managed funds, Vanguard tends to run slightly cheaper on average, since low-cost investing is central to its structure (it’s owned by its funds’ shareholders).

Trading commissions are essentially identical: both offer $0 commissions on stocks, ETFs, and options trades (per-contract options fees still apply).

Account fees, like IRA closures or paper statements, vary slightly by provider.

Bottom line: neither firm is consistently more expensive, so the better choice depends on which specific funds or account types you’re comparing. I’m not a financial advisor, so verify current fees directly with each provider.