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Fidelity Investments vs TradeKing Review

Brandon Reinkensmeyer

Published by Brandon Reinkensmeyer


Wednesday, March 22nd, 2017

Comparing brokers side by side is no easy task. For our Annual 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 2016, 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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Overall
Commissions & Fees
Offering of Investments
Platforms & Tools
Research
Customer Service
Mobile Trading
Ease of Use
Education
Order Execution
Banking
Stock Trade Fee (flat)
Options Base Fee
Options Per Contract Fee
Mutual Fund Trade Fee
Broker Assisted Trades Fee
Minimum Deposit
No Inactivity Fees
No Fee IRAs
Stock Trading
Options Trading
Mutual Funds
Forex Trading
Futures Trading
Desktop Platform (Windows)
Web Platform
Virtual Trading
Charting - Drawing Tools
Charting - Indicators / Studies
Option Chains - Total Columns
Watch Lists - Total Fields
iPhone App
iPad App
Android App
Android Tablet App
Apple Watch App
Trading - After-Hours
Trading - Mutual Funds
Trading - Conditional Orders
Trading - Simple Options
Trading - Complex Options
Commission Free ETFs
Mutual Funds (No Load)
Mutual Funds (Total)
# of Easy to Borrow Stocks
Retail Locations
Under $24,999.99
$25,000.00 to $49,999.99
$50,000.00 to $99,999.99
$100,000.00 to $249,999.99
$250,000.00 to $499,999.99
Above $1,000,000.00
$500,000.00 to $999,999.99
Checking Accounts
Savings Accounts
Credit Cards
Debit Cards
Mortgage Loans
No Fee Banking
Fidelity Investments
Exclusive Offer Get 300 commission-free trades and 2 years to use them Learn More
Fidelity Investments Review
 
4.5
3
4.5
4.5
5
4.5
4.5
4.5
4.5
5
4
 
$4.95
$4.95
$0.65
$49.95
$32.95
$2,500.00
Yes
Yes
 
Yes
Yes
Yes
No
No
 
Yes
Yes
Yes
22
166
26
80
 
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
No
Yes
Yes
 
91
4052
13204
3748
195
 
8.33%
7.83%
6.88%
6.58%
6.58%
4.00%
4.00%
 
Yes
Yes
Yes
Yes
No
Yes
TradeKing
Exclusive Offer Get up to $2,000 in commission credit Learn More
TradeKing Review
 
4
4.5
4
4
4
4
3
3
4
1.5
4
 
$4.95
$4.95
$0.65
$9.95
$20.00
$0.00
No
Yes
 
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
28
84
15
21
 
Yes
No
Yes
No
No
 
No
No
No
Yes
Yes
 
0
5216
10138
3890
0
 
8.00%
8.00%
7.00%
5.75%
4.75%
4.25%
4.25%
 
Yes
Yes
Yes
Yes
Yes
Yes

All pricing data was obtained from a published web site as of 2/20/2017 and is believed to be accurate, but is not guaranteed. The StockBrokers.com 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.

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