Fidelity Youth vs. Schwab Teen Investor: How the accounts compare

Teaching teenagers about the market early on can be one of the best financial lessons a parent passes on, and both Fidelity and Charles Schwab have accounts built specifically for the job. The Fidelity Youth Account , an individual brokerage account for teens, lets teens ages 13 to 17 invest in most U.S. stocks, ETFs, Fidelity mutual funds and fractional shares , with no account or subscription fees, plus no minimum deposit requirements. The teenager is the owner on the account. Newer on the scene, the Schwab Teen Investor Account is a joint brokerage account for teens (also ages 13 to 17) and their parent or legal guardian with a similar fee-free structure. With Schwab, teens can trade stocks, ETFs, mutual funds and fractional shares. Here's how the two options stack up against one another, including a look at their investment options, fees, parental controls and educational tools. Minimum deposit and balance Teens aren't tied to any account minimums and there are no monthly fees Fees $0 commissions for online U.S. …