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Personal Finance · head to head

Fidelity vs MoneyWiz

Fidelity logo

Fidelity

Personal Finance

Building a better financial future

From
On request
Rated
-
Full reviewWebsite
M

MoneyWiz

Personal Finance

Simple and powerful personal finance app

From
Free
Rated
-
Full reviewWebsite

The short version

  • Only MoneyWiz has a free tier, so it costs nothing to try first.
  • Each has a real cost: Fidelity options trades carry a 0.65 USD per contract fee on top of zero commission; MoneyWiz there is no free tier; every plan requires a subscription
  • They diverge on capability: Fidelity covers Commission-free trading, MoneyWiz covers Expense tracking.

Where they differ

Only the attributes on which Fidelity and MoneyWiz actually diverge.

Attributes where Fidelity and MoneyWiz differ
AttributeFidelityMoneyWiz
Starting priceOn requestFree
Pricing modeltransactionfreemium
Free tierNoYes
Founded19462011

Identical on both: platforms (Web, IOS, Android), user rating (Not yet rated), category (Personal Finance).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Fidelity

  • Commission-free trading
  • Retirement planning
  • Advisory services
  • Research tools
  • Investment accounts

Only in MoneyWiz

  • Expense tracking
  • Budget management
  • Multi-currency support
  • Financial analytics
  • Credit cards

Both cover

  • Bank accounts
  • Web support
  • IOS support
  • Android support

What people use each for

The jobs each tool is most often brought in to do.

Fidelity

  • Commission free trading of US stocks and ETFsnot MoneyWiz
  • Holding IRAs, 401(k) plans and taxable brokerage accountsnot MoneyWiz
  • Trading bonds, options and mutual funds from one accountnot MoneyWiz

MoneyWiz

  • Tracking personal accounts, budgets and bills across iOS, macOS, Windows and Androidnot Fidelity
  • Syncing one finance database across multiple devices through MoneyWiz Cloudnot Fidelity
  • Automatically importing transactions through bank syncnot Fidelity

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Fidelity

  • Options trades carry a 0.65 USD per contract fee on top of zero commission
  • Non Fidelity mutual funds carry a 49.95 USD transaction fee per purchase
  • Secondary market bonds cost 1.00 USD per bond, while new issues are free
  • A foreign settlement fee of 50 USD applies per trade
  • Margin rates are tiered by debit balance, from 11.825 percent below 25,000 USD down to 7.50 percent at 1 million USD or more, against a base rate of 10.575 percent effective 12 December 2025
  • Margin liquidation by the broker costs 32.95 USD per liquidation

MoneyWiz

  • There is no free tier; every plan requires a subscription
  • Bank sync with over 40,000 banks is Premium only, at 59.99 USD a year or 5.99 USD a month
  • The Standard plan at 29.99 USD a year provides only cloud sync between devices, with no bank sync
  • Subscriptions cap usage at 15 devices and two MoneyWiz Cloud accounts
  • Priority support is restricted to the Premium tier

Pricing, plan by plan

Fidelity

On request
  • Brokerage$undefined/month
    • Commission-free trading
    • Research tools
  • Advisory$undefined/month
    • Personal advisor
    • Wealth management

MoneyWiz

Free
  • FreeFree
    • Basic expense tracking
    • Multiple accounts
  • Premium$4.99/month
    • Advanced analytics
    • Budget forecasting
    • Custom categories

Which should you pick?

Choose Fidelity if

  • You need commission-free trading.
  • You work on Web, IOS, Android.
  • You also want retirement planning.
Fidelity review

Choose MoneyWiz if

  • You need expense tracking.
  • You want to start without paying.
  • You work on Web, IOS, Android.
  • You also want budget management.
MoneyWiz review

Questions people ask

Is Fidelity or MoneyWiz better?
Neither clearly leads. Fidelity starts at On request and MoneyWiz at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Fidelity or MoneyWiz?
MoneyWiz has a free tier; the other does not. Paid plans start at On request for Fidelity and Free for MoneyWiz.
Does Fidelity or MoneyWiz run on more platforms?
Both run on Web, IOS, Android, so platform support will not decide this one for you.
Can I use MoneyWiz for free?
Yes. MoneyWiz has a free tier, so you can try it without paying. Fidelity starts at On request.
What is Fidelity best used for?
Fidelity is most often used for commission free trading of us stocks and etfs, holding iras, 401(k) plans and taxable brokerage accounts, trading bonds, options and mutual funds from one account. Of those, commission free trading of us stocks and etfs and holding iras, 401(k) plans and taxable brokerage accounts are not what MoneyWiz is typically brought in for.
What can Fidelity do that MoneyWiz cannot?
Fidelity covers Commission-free trading, Retirement planning, Advisory services, Research tools. MoneyWiz covers Expense tracking, Budget management, Multi-currency support, Financial analytics. Both handle Bank accounts, Web support, IOS support, Android support.
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