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 TradeStation Securities, 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. TradeStation Securities charges $9.99 per stock trade which is $2.04 more than Fidelity Investments which charges clients $7.95 per trade. For options trading, Fidelity Investments has a base fee of $7.95, and TradeStation Securities a base fee of $0.00. At a difference of $0.25 per contract, Fidelity Investments's per contract rate of $0.75 is less than TradeStation Securities which charges $1.00. 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. TradeStation Securities provides its clients with Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading while Fidelity Investments gives clients access to Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, TradeStation Securities trails Fidelity Investments by 9,291.00 total funds, with Fidelity Investments offering 14391 and TradeStation Securities offering 5100. Commission free ETFs also should not be forgotten, with TradeStation Securities falling behind Fidelity Investments, offering 0 commission free etfs compared to Fidelity Investments's 76.
Lastly, taking a look at popular features and functionality, we can go a bit deeper to really break down the difference of both brokers. TradeStation Securities makes virtual trading available to clients, while Fidelity Investments does not. Taking a look at mobile trading, Fidelity Investments and TradeStation Securities both have a 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 offered by Fidelity Investments while TradeStation Securities offers none of these. On the whole, when it comes to tools, research, and trading on the go, TradeStation Securities finished with awards for Best in Class Platforms & Tools in 2014, while Fidelity Investments came up with Best in Class Platforms & Tools, Best in Class Research and Best in Class Mobile Trading.
Overall, Fidelity Investments boasts 4.50 stars versus TradeStation Securities's 3.00 stars.