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Fidelity vs tastyworks 2023

StockBrokers.com

Written by StockBrokers.com

January 23, 2023

Is Fidelity better than tastyworks? After testing 17 of the best online brokers over three months, Fidelity (98.22%) is better than tastyworks (81.30%). Our top pick overall for 2023, Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools and an easy-to-use mobile app.

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Overall RatingFidelitytastyworks
Overall 5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4.5/5 Stars
Investment Options 4.5/5 Stars 4/5 Stars
Platforms & Tools 4.5/5 Stars 4.5/5 Stars
Mobile Trading Apps 5/5 Stars 4/5 Stars
Research 5/5 Stars 2/5 Stars
Customer Service 4.5/5 Stars 4.0/5 Stars
Education 5/5 Stars 4.5/5 Stars
Ease Of Use 5/5 Stars 4.5/5 Stars
Winner check_circle
Review Fidelity Review tastyworks Review
Trading FeesFidelitytastyworks
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
Penny Stock Fees (OTCCB) $0.00 N/A
Mutual Fund Trade Fee $49.95 N/A
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.65 $0.50
Futures (Per Contract) N/A $1.25
Broker Assisted Trade Fee $32.95 $0
Margin RatesFidelitytastyworks
Margin Rate Under $25,000 11.33% 11.00%
Margin Rate $25,000 to $49,999.99 10.83% 10.50%
Margin Rate $50,000 to $99,999.99 9.88% 10.00%
Margin Rate $100,000 to $249,999.99 9.83% 9.50%
Margin Rate $250,000 to $499,999.99 9.58% 9.00%
Margin Rate $500,000 to $999,999.99 7.25% 8.50%
Margin Rate Above $1,000,000 7.00% 8.00%
Account FeesFidelitytastyworks
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $60.00
Account Transfer Out (Partial) $0.00 $75.00
Account Transfer Out (Full) $0.00 $75.00
Options Exercise Fee $0.00 $5.00
Options Assignment Fee $0.00 $5.00
Investment OptionsFidelitytastyworks
Stock Trading Yes Yes
Margin Trading Yes Yes
Fractional Shares Yes Yes
OTCBB / Pink Sheets Yes No
Options Trading Yes Yes
Complex Options Max Legs 4 4
Futures Trading No Yes
Forex Trading No No
Crypto Trading No Yes
Crypto Trading - Total Coins 0 25
Mutual Funds (No Load) 5843 0
Mutual Funds (Total) 10000 0
Bonds (US Treasury) Yes No
Bonds (Corporate) Yes No
Bonds (Municipal) Yes No
Advisor Services Yes No
International Countries (Stocks) 25 0
Order TypesFidelitytastyworks
Order Type - Market Yes Yes
Order Type - Limit Yes Yes
Order Type - After Hours Yes Yes
Order Type - Stop Yes Yes
Order Type - Trailing Stop Yes No
Order Type - OCO Yes Yes
Order Type - OTO Yes Yes
Order Type - Broker Assisted Yes Yes
BeginnersFidelitytastyworks
Education (Stocks) Yes Yes
Education (ETFs) Yes Yes
Education (Options) Yes Yes
Education (Mutual Funds) Yes No
Education (Bonds) Yes No
Education (Retirement) Yes No
Retirement Calculator Yes No
Investor Dictionary Yes Yes
Paper Trading No No
Videos Yes No
Webinars Yes Yes
Webinars (Archived) Yes Yes
Progress Tracking Yes No
Interactive Learning - Quizzes Yes No
Stock Trading AppsFidelitytastyworks
iPhone App Yes Yes
Android App Yes Yes
Apple Watch App Yes No
Trading - Stocks Yes Yes
Trading - After-Hours Yes Yes
Trading - Simple Options Yes Yes
Trading - Complex Options Yes Yes
Order Ticket RT Quotes Yes Yes
Order Ticket SRT Quotes Yes Yes
Stock App FeaturesFidelitytastyworks
Market Movers (Top Gainers) Yes Yes
Stream Live TV Yes No
Videos on Demand Yes No
Stock Alerts Yes No
Option Chains Viewable Yes Yes
Watch List (Real-time) Yes Yes
Watch List (Streaming) Yes Yes
Watch Lists - Create & Manage Yes Yes
Watch Lists - Column Customization Yes Yes
Watch Lists - Total Fields 92 33
Stock App ChartingFidelitytastyworks
Charting - After-Hours Yes Yes
Charting - Can Turn Horizontally Yes Yes
Charting - Multiple Time Frames Yes No
Charting - Technical Studies 129 0
Charting - Study Customizations Yes No
Charting - Stock Comparisons Yes No
Trading PlatformsFidelitytastyworks
Active Trading Platform Active Trader Pro Tastyworks
Desktop Trading Platform Yes Yes
Desktop Platform (Mac) Yes Yes
Web Trading Platform Yes Yes
Paper Trading No No
Trade Journal Yes No
Watch Lists - Total Fields 92 33
Stock Chart FeaturesFidelitytastyworks
Charting - Adjust Trades on Chart Yes Yes
Charting - Indicators / Studies 129 308
Charting - Drawing Tools 37 19
Charting - Notes Yes Yes
Charting - Index Overlays Yes No
Charting - Historical Trades Yes Yes
Charting - Corporate Events Yes No
Charting - Custom Date Range Yes No
Charting - Custom Time Bars Yes No
Charting - Automated Analysis Yes No
Charting - Save Profiles Yes Yes
Trade Ideas - Technical Analysis Yes No
Charting - Study Customizations 5 7
Charting - Custom Studies No No
Day TradingFidelitytastyworks
Streaming Time & Sales Yes No
Streaming TV Yes Yes
Direct Market Routing - Stocks Yes No
Ladder Trading No No
Trade Hot Keys Yes No
Level 2 Quotes - Stocks Yes No
Trade Ideas - Backtesting Yes No
Trade Ideas - Backtesting Adv No No
Short Locator Yes Yes
Order Liquidity Rebates No No
Research OverviewFidelitytastyworks
Research - Stocks Yes Yes
Research - ETFs Yes Yes
Research - Mutual Funds Yes No
Research - Pink Sheets / OTCBB Yes No
Research - Bonds Yes No
Screener - Stocks Yes No
Screener - ETFs Yes No
Screener - Mutual Funds Yes No
Screener - Bonds Yes No
Misc - Portfolio Allocation Yes No
Stock ResearchFidelitytastyworks
Stock Research - PDF Reports 11 0
Stock Research - Earnings Yes No
Stock Research - Insiders Yes No
Stock Research - Social Yes No
Stock Research - News Yes No
Stock Research - ESG Yes No
Stock Research - SEC Filings Yes No
ETF ResearchFidelitytastyworks
ETFs - Strategy Overview Yes No
ETF Fund Facts - Inception Date Yes No
ETF Fund Facts - Expense Ratio Yes No
ETF Fund Facts - Net Assets Yes No
ETF Fund Facts - Total Holdings Yes No
ETFs - Top 10 Holdings Yes No
ETFs - Sector Exposure Yes No
ETFs - Risk Analysis Yes Yes
ETFs - Ratings Yes No
ETFs - Morningstar StyleMap Yes No
ETFs - PDF Reports Yes No
Mutual Fund ResearchFidelitytastyworks
Mutual Funds - Strategy Overview Yes No
Mutual Funds - Performance Chart Yes Yes
Mutual Funds - Performance Analysis Yes No
Mutual Funds - Prospectus Yes No
Mutual Funds - 3rd Party Ratings Yes No
Mutual Funds - Fees Breakdown Yes No
Mutual Funds - Top 10 Holdings Yes No
Mutual Funds - Asset Allocation Yes No
Mutual Funds - Sector Allocation Yes No
Mutual Funds - Country Allocation Yes No
Mutual Funds - StyleMap Yes No
Options TradingFidelitytastyworks
Option Chains - Basic View Yes Yes
Option Chains - Strategy View Yes No
Option Chains - Streaming Yes Yes
Option Chains - Total Columns 26 7
Option Chains - Greeks 5 5
Option Chains - Quick Analysis Yes Yes
Option Analysis - P&L Charts Yes Yes
Option Probability Analysis Yes Yes
Option Probability Analysis Adv Yes Yes
Option Positions - Greeks Yes Yes
Option Positions - Greeks Streaming Yes Yes
Option Positions - Adv Analysis Yes Yes
Option Positions - Rolling Yes Yes
Option Positions - Grouping Yes Yes
BankingFidelitytastyworks
Bank (Member FDIC) No No
Checking Accounts No No
Savings Accounts No No
Credit Cards Yes No
Debit Cards Yes No
Mortgage Loans No No
Customer ServiceFidelitytastyworks
Phone Support (Prospect Customers) Yes Yes
Phone Support (Current Customers) Yes Yes
Email Support Yes Yes
Live Chat (Prospect Customers) Yes Yes
Live Chat (Current Customers) Yes Yes
24/7 Support Yes No
OverallFidelitytastyworks
Overall 5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4.5/5 Stars
Investment Options 4.5/5 Stars 4/5 Stars
Platforms & Tools 4.5/5 Stars 4.5/5 Stars
Mobile Trading Apps 5/5 Stars 4/5 Stars
Research 5/5 Stars 2/5 Stars
Education 5/5 Stars 4.5/5 Stars
Ease Of Use 5/5 Stars 4.5/5 Stars
Winner check_circle
Review Fidelity Review tastyworks Review
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Fidelity vs tastyworks Comparison

Comparing brokers side by side is no easy task. For our 2023 annual broker review, we spent hundreds of hours assessing 17 brokerages to find the best online broker. Let's compare Fidelity vs tastyworks.

Is Fidelity or tastyworks better for beginners?

Fidelity offers more comprehensive new investor education for beginner investors than tastyworks. Fidelity offers investors access to Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement), while tastyworks offers investors access to Education (Stocks), Education (ETFs) and Education (Options), neither have Paper Trading.

What about Fidelity vs tastyworks pricing?

Fidelity and tastyworks charge the same amount for regular stock trades, $0.00. Option contracts are pricier at Fidelity, costing $0.65 per contract versus $0.50 per contract at tastyworks. For a complete commissions summary, see our best brokers for free stock trading guide.

Does Fidelity or tastyworks offer a wider range of investment options?

Fidelity offers investors access to Stock Trading, Fractional Shares, Options Trading, OTCBB / Pink Sheets, Mutual Funds and Advisor Services, while tastyworks offers investors access to Stock Trading, Fractional Shares, Options Trading and Futures Trading, neither have Forex Trading. Looking at Mutual Funds, tastyworks trails Fidelity in its offering of no transaction fee (NTF) mutual funds, with Fidelity offering 3401 and tastyworks offering 0.

Which trading platform is better: Fidelity or tastyworks?

To compare the trading platforms of Fidelity and tastyworks, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Fidelity offers a better experience. With research, Fidelity offers superior market research. Finally, we found Fidelity to provide better mobile trading apps.

Does either broker offer banking?

Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Debit Cards and Credit Cards are offered by Fidelity while tastyworks offers none, neither have Checking Accounts, Savings Accounts and Mortgage Loans.

Is Fidelity good?

Our top pick overall for 2023, Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools and an easy-to-use mobile app.

Is tastyworks good?

Tastyworks isn’t for every investor, but its platform is ideal for frequent options and futures traders, offering efficient workflow, useful risk management tools, killer design, and online content that make you feel like you’re on a trading desk.

Fidelity vs tastyworks Winner

Overall winner: Fidelity

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1 Fidelity Sell orders are subject to an activity assessment fee from $0.01 to $0.03 per $1,000 of principal. Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.

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