E*TRADE vs Fidelity Solo 401(k)
Side-by-side comparison of E*TRADE and Fidelity Solo 401(k) plans for freelancers — fees, features, and which one fits your needs.
| Feature | E*TRADE | Fidelity |
|---|---|---|
| Setup Fee | $0 | $0 |
| Annual Fee | $0 | $0 |
| Roth Option | ||
| Crypto | ||
| Alt Investments | ||
| Self-Directed | ||
| Loans | ||
| Mega Backdoor | ||
| Investment Options | Stocks, ETFs, mutual funds, options | Stocks, ETFs, mutual funds, bonds |
| Best For | Active traders who want zero fees | Zero-cost simplicity for most freelancers |
E*TRADE
PROS
- $0 fees
- Advanced trading tools
- Options support
CONS
- No crypto
- No loans
- No self-directed
Fidelity
PROS
- $0 fees
- No minimums
- Lowest-cost index funds
CONS
- No crypto
- No loans
- No self-directed
The Verdict
E*TRADE and Fidelity are nearly identical on cost and features.
FEES
Both E*TRADE and Fidelity cost $0 over 5 years.
FEATURES
Both providers offer 0 advanced features (crypto, alt investments, self-directed, loans, mega backdoor).
RECOMMENDATION
Pick whichever interface you prefer — both are solid choices for freelancers.
Frequently Asked Questions
Which is better for freelancers, E*TRADE or Fidelity Solo 401(k)?
E*TRADE and Fidelity are nearly identical on cost and features. Pick whichever interface you prefer — both are solid choices for freelancers.
How much does E*TRADE vs Fidelity Solo 401(k) cost?
E*TRADE charges $0 setup and $0 annually ($0 over 5 years). Fidelity charges $0 setup and $0 annually ($0 over 5 years). Both E*TRADE and Fidelity cost $0 over 5 years.