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Fidelity vs Skrill

Fidelity logo

Fidelity

Software

Building a better financial future

From
On request
Rated
-
Full reviewWebsite
Skrill logo

Skrill

Software

Fast and secure money transfer

From
Free
Rated
-
Full reviewWebsite

The short version

  • Only Skrill 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; Skrill a currency conversion fee of 4.49 percent applies to most conversions
  • They diverge on capability: Fidelity covers Commission-free trading, Skrill covers Money transfers.

Where they differ

Only the attributes on which Fidelity and Skrill actually diverge.

Attributes where Fidelity and Skrill differ
AttributeFidelitySkrill
Starting priceOn requestFree
Free tierNoYes
Founded19462001

Identical on both: pricing model (transaction), platforms (Web, IOS, Android), user rating (Not yet rated), category (Unknown).

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 Skrill

  • Money transfers
  • Digital wallet
  • Currency conversion
  • Prepaid card
  • 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 Skrill
  • Holding IRAs, 401(k) plans and taxable brokerage accountsnot Skrill
  • Trading bonds, options and mutual funds from one accountnot Skrill

Skrill

  • Sending money internationally from a prepaid digital walletnot Fidelity
  • Funding and withdrawing from online merchants and gaming sitesnot Fidelity
  • Buying and selling cryptocurrency inside a wallet accountnot 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

Skrill

  • A currency conversion fee of 4.49 percent applies to most conversions
  • An inactivity fee of EUR 5.00 is deducted monthly after six months with no login or transaction
  • Card deposits carry a 2.50 percent fee
  • SWIFT bank withdrawals cost 2.80 percent with a minimum fee of EUR 3.5
  • Skrill to Skrill transfers cost 2.99 percent with a EUR 0.50 minimum on standard accounts, reduced to 1.45 percent only for True Skriller accounts
  • Crypto trading fees are tiered by VIP status, from 1.50 percent standard down to 1.30 percent at Gold and Diamond VIP

Pricing, plan by plan

Fidelity

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

Skrill

Free
  • Free AccountFree
    • Money transfers
    • Digital wallet
  • Premier Account$undefined/month
    • Higher limits
    • Special rates

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 Skrill if

  • You need money transfers.
  • You want to start without paying.
  • You work on Web, IOS, Android.
  • You also want digital wallet.
Skrill review

Questions people ask

Is Fidelity or Skrill better?
Neither clearly leads. Fidelity starts at On request and Skrill at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Fidelity or Skrill?
Skrill has a free tier; the other does not. Paid plans start at On request for Fidelity and Free for Skrill.
Does Fidelity or Skrill run on more platforms?
Both run on Web, IOS, Android, so platform support will not decide this one for you.
Can I use Skrill for free?
Yes. Skrill 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 Skrill is typically brought in for.
What can Fidelity do that Skrill cannot?
Fidelity covers Commission-free trading, Retirement planning, Advisory services, Research tools. Skrill covers Money transfers, Digital wallet, Currency conversion, Prepaid card. Both handle Bank accounts, Web support, IOS support, Android support.
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