© Reuters. Robinhood and Fidelity: Which online broker stock is a better choice?
The rise of discount brokers and the turbulent stock market in the past decade have attracted a large number of retail stock traders. This trend has made Robinhood (Nasdaq:) and Fidelity Information Services (FIS) listed brokerage platforms the first choice for investors. Now let us see which of the two is more suitable for purchase. In the past 18 months, the number of retail traders investing in the stock market has increased rapidly. This trend can be attributed to the increase in the number of discount brokers and the use of multiple valuation and investment tools provided by various platforms.
Another factor driving the increase in the number of active investors is the potential volatility in global stock markets due to the continuing pandemic and the shocking rebound following the bear market in early 2020.
This makes publicly listed brokers an attractive choice for investors. Today I will analyze 2 such brokers, Robinhood (HOOD) and established players like Fidelity (FIS), to see which stock is more worth buying.
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