Fidelity Investments vs TradeKing Review

Review conducted by and last updated on 09/01/2016

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    Commissions & Fees
    Offering of Investments
    Platform & Tools
    Customer Service
    Mobile Trading
    Ease of Use
    Order Execution
    Flat-fee Trade Plan*
    Per-Share Trade Plan
    Mutual Fund Trade Fee*
    Options Trade Base
    Options Per Contract
    Options Exercise Fee
    Options Assignment Fee
    Broker Assisted Trades
    Minimum Deposit
    Stock Trading
    Options Trading
    Mutual Funds
    FOREX Trading
    Futures Trading
    Desktop Based Platform
    Web Based Platform
    Virtual Trading
    No Minimum Deposit
    No Inactivity Fees
    No-Fee IRAs
    Commission Free ETFs
    Mutual Funds (No Load)
    Mutual Funds (Total)
    # of Easy to Borrow Stocks
    Retail Locations
    iPhone App
    iPad App
    Android App
    Android Tablet App
    Mobile Site
    Checking Accounts
    Savings Accounts
    Credit Card Accounts
    Debit Card Accounts
    Mortgage Loans
    No Fee Banking
    Under $25k
    $25k - $49k
    $50k - $99k
    $100k - $249k
    $250k - $499k
    $500k - $999k
    Above $1,000,000
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Comparing brokers side by side is no easy task. For our 2014 broker review, we factored in 266 different variables to assess 17 different brokers. So when taking a look at Fidelity Investments vs TradeKing, there is a huge database of information available to us.

To start this comparison, first we will take a look at the broker commission rates for placing regular stock and options trades. Fidelity Investments, with its regular stock trades costing $7.95, is more expensive than TradeKing's rate of $4.95 per trade. For options trading, Fidelity Investments has a base fee of $7.95, and TradeKing a base fee of $4.95. Each contract then costs $0.75 at Fidelity Investments and $0.65 at TradeKing for a difference in price of $0.10 per contract. Not all brokers charge a flat rate fee per trade though, so it is important to read the full commission notes to know the complete breakdown (go to any stock broker review page, then click the "Commissions & Fees" tab).

Next to commission rates, being able to trade the instrument you want is important. TradeKing offers clients Stock Trading, Options Trading, Mutual Funds and Forex Trading while Fidelity Investments offers Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, TradeKing trails Fidelity Investments by 2,524.00 total funds, with Fidelity Investments offering 14391 and TradeKing offering 11867. Commission free ETFs also should not be forgotten, with Fidelity Investments having the upper hand thanks to its 76 available ETFs compared to TradeKing's offering of 0.

Lastly, taking a look at popular features and functionality, we can go a bit deeper to really break down the difference of both brokers. Fidelity Investments nor TradeKing has virtual trading. Taking a look at mobile trading, TradeKing gives clients access to an iPhone App and Android App while Fidelity Investments has an iPhone App, iPad App and Android App. Not to be left out, online banking is also a nice benefit for many investors, and some brokerages provide these services to clients. Checking Accounts, Savings Accounts, Debit Cards and Credit Cards are available to clients of Fidelity Investments while TradeKing offers clients none of these. On the whole, when it comes to tools, research, and trading on the go, Fidelity Investments was rated for Best in Class Platforms & Tools, Best in Class Research and Best in Class Mobile Trading in 2014, while TradeKing was rated for none of these.

Overall, Fidelity Investments takes the upper hand with 4.50 stars over TradeKing's 3.50 stars.

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All pricing data was obtained from a published web site as of 2/16/2016 and is believed to be accurate, but is not guaranteed. The staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply. Square Logo