Fidelity Investments vs TradeStation Securities 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 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.

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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