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Fidelity vs TradeStation 2019

Is Fidelity better than TradeStation? After scoring brokers on over 4,000 data points for our 2019 review, Fidelity (86.62%) is better than TradeStation (71.75%).

fideltiy

Best for Investors
Fidelity Investments charges $0 per trade and received 4.5 stars in our 2019 Review, including being awarded Best in Class for 12 different categories. It is our top recommendation for discount trading. The broker also took home the #1 awards for Research and Order Execution. Finally, Fidelity's mobile app was rated Best Mobile App for Investors. Read full review.

TradeStation

Best for Platform Technology - Open Account
Promo Offer: Commission-Free Trades on Stocks, ETFs & Options Trades

TradeStation's advanced trading platform has been awarded Best Platform Technology for the past six years. For active traders and day traders, TradeStation was rated 5 stars and comes packed full of tools and functionality. And, for traders who do not require all the bells and whistles of the TradeStation desktop platform, a $0 trading plan option is available.Read full review.

Overall Rating

Feature Fidelity TradeStation
Overall 4.5 3.5
Fidelity Review TradeStation Review

Trading Fees

Feature Fidelity TradeStation
Minimum Deposit $0.00 $500.00
Stock Trade Fee (per trade) $0.00 $0.00
ETF Trade Fee $0.00 $0.00
Options Base Fee $0.00 $0.00
Options Per Contract Fee $0.65 $0.50
Mutual Fund Trade Fee $49.95 $14.95
Broker Assisted Trades Fee $32.95 $50.00
Commissions & Fees 4.5 4.5
Winner check_circle

Margin Rates

Feature Fidelity TradeStation
Open Account
Under $24,999.99 9.58% 9.25%
$25,000.00 to $49,999.99 9.08% 9.25%
$50,000.00 to $99,999.99 8.13% 8.50%
$100,000.00 to $249,999.99 8.08% 8.50%
$250,000.00 to $499,999.99 7.83% 8.50%
$500,000.00 to $999,999.99 5.50% 5.25%
Above $1,000,000.00 5.25% 5.25%
Commissions & Fees 4.5 4.5
Winner check_circle

Account Fees

Feature Fidelity TradeStation
IRA Annual Fee $0.00 $35.00
IRA Closure Fee $0.00 $50.00
Returned ACH Fee $0.00 $25.00
Returned Wire Fee $0.00 $25.00
Stock Certificate Processing Fee $0.00 $150.00
Stock Certificate Delivery Fee $100.00 $15.00
Paper Statement Fee $0.00 $1.00
Paper Confirmation Fee $0.00 $1.00
Domestic Wire Fee $0.00 $25.00
International Wire Fee $0.00 $35.00
Commissions & Fees 4.5 4.5

Investment Options

Feature Fidelity TradeStation
Stock Trading
Yes Yes
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
No Yes
Forex Trading
No No
Commission-Free ETFs all all
Mutual Funds (No Load)
4031 887
Mutual Funds (Total)
11782 4357
Bonds (US Treasury)
Yes Yes
Bonds (Corporate)
Yes Yes
Bonds (Municipal)
Yes Yes
Advisor Services
Yes No
International Trading
Yes No
Offering of Investments 4.5 4
Winner check_circle

Order Types

Feature Fidelity TradeStation
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes Yes
Order Type - Contingent
Yes Yes
Order Type - MultiContingent
Yes Yes
Order Type - OCO
Yes Yes
Order Type - OTO
Yes Yes
Order Type - OTOCO
Yes Yes
Offering of Investments 4.5 4
Winner check_circle

Trading Platforms

Feature Fidelity TradeStation
Desktop Platform (Windows)
Yes Yes
Desktop Platform (Mac)
Yes No
Web Platform
Yes Yes
Paper Trading
No Yes
Trade Journal
Yes No
Watch Lists - Total Fields
91 335
Heat Mapping
Yes No
Platforms & Tools 4.5 4.5
Winner check_circle

Charting Features

Feature Fidelity TradeStation
Charting - Trade Off Chart
Yes Yes
Charting - Indicators / Studies
166 282
Charting - Drawing Tools
22 23
Charting - Historical Trades
Yes Yes
Charting - Corporate Events
Yes No
Charting - Automated Analysis
Yes No
Charting - Save Profiles
Yes Yes
Charting - Study Customizations
5 12
Charting - Custom Studies
No Yes
Platforms & Tools 4.5 4.5
Winner check_circle

Day Trading

Feature Fidelity TradeStation
Stock Alerts - Basic Fields
Yes Yes
Stock Alerts - Advanced Fields
Yes Yes
Streaming Time & Sales
No Yes
Streaming TV
Yes No
Direct Market Routing - Stocks
Yes Yes
Direct Market Routing - Options
Yes Yes
Ladder Trading
No Yes
Trade Hot Keys
Yes Yes
Level 2 Quotes - Stocks
Yes Yes
Level 2 Quotes - Options
Yes Yes
Trade Ideas - Backtesting
No Yes
Short Locator
Yes Yes
Order Liquidity Rebates
No Yes
Winner check_circle

Mobile Trading Apps

Feature Fidelity TradeStation
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
Yes No
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes Yes
Trading - Conditional Orders
No Yes
Trading - Mutual Funds
Yes No
Trading - Simple Options
Yes Yes
Trading - Complex Options
Yes Yes
Trading - Option Rolling
No No
Touch / Face ID
Yes Yes
Winner check_circle

Mobile App Features

Feature Fidelity TradeStation
Watch List Syncing
Yes Yes
Stock Alerts
Yes Yes
Charting - After Hours
Yes Yes
Charting - Drawing
No Yes
Charting - Study Customizations
Yes Yes
Heatmapping
Yes No
Stream Live TV
Yes No
Barcode Lookup
No No
Mobile Trading 4.5 4.5
Winner check_circle

Research Overview

Feature Fidelity TradeStation
Research - Stocks
Yes Yes
Research - ETFs
Yes Yes
Research - Mutual Funds
Yes No
Research - Pink Sheets / OTCBB
Yes Yes
Research - Fixed Income
Yes No
Screener - Stocks
Yes Yes
Screener - ETFs
Yes No
Screener - Mutual Funds
Yes No
Screener - Options
Yes Yes
Screener - Bonds
Yes No
Misc - Portfolio Builder
Yes No
Misc - Portfolio Allocation
Yes No
Research 5 1.5
Winner check_circle

Stock Research

Feature Fidelity TradeStation
Stock Research - Reports
12 0
Stock Research - Earnings
Yes No
Stock Research - Insiders
Yes No
Stock Research - Metric Comp
Yes No
Stock Research - SEC Filings
Yes No
Stock Research - Social
Yes No
Stock Research - Balance Sheet
Yes No
Stock Research - Cash Flows
Yes No
Stock Research - News
Yes Yes
Stock Research - ESG
Yes No
Research 5 1.5
Winner check_circle

ETF Research

Feature Fidelity TradeStation
ETFs - Strategy Overview
Yes No
ETFs - Top 10 Holdings
Yes No
ETFs - Sector Exposure
Yes No
ETFs - Risk Analysis
Yes No
ETFs - Performance Analysis
Yes No
ETFs - Ratings
Yes No
ETFs - Morningstar StyleMap
Yes No
ETFs - Reports
Yes No
Research 5 1.5
Winner check_circle

Mutual Fund Research

Feature Fidelity TradeStation
Mutual Funds - Strategy Overview
Yes No
Mutual Funds - Prospectus
Yes No
Mutual Funds - Reports
No 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
Mutual Funds - 3rd Party Ratings
Yes No
Research 5 1.5
Winner check_circle

Options Trading

Feature Fidelity TradeStation
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
26 32
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 - Adv Analysis
Yes Yes
Option Positions - Rolling
Yes Yes
Option Positions - Grouping
Yes Yes
Platforms & Tools 4.5 4.5
Winner check_circle

Beginners

Feature Fidelity TradeStation
Has Education - Stocks
Yes Yes
Has Education - ETFs
Yes No
Has Education - Options
Yes Yes
Has Education - Mutual Funds
Yes No
Has Education - Fixed Income
Yes No
Has Education - Retirement
Yes No
Paper Trading
No Yes
Videos
Yes Yes
Webinars (Monthly Avg)
8 30
Webinars (Archived)
Yes Yes
Live Seminars
Yes Yes
Progress Tracking
Yes No
Interactive Learning - Quizzes
Yes No
Investor Magazine
Yes Yes
Education 5 3
Winner check_circle

Banking

Feature Fidelity TradeStation
Retail Locations
197 0
Member FDIC
No No
Checking Accounts
Yes No
Savings Accounts
Yes No
Credit Cards
Yes No
Debit Cards
Yes No
Mortgage Loans
No No
No Fee Banking
Yes No
Banking 4 0.5
Winner check_circle

Overall

Feature Fidelity TradeStation
Fidelity Review TradeStation Review
Overall 4.5 3.5
Winner check_circle

Comparing brokers side by side is no easy task. For our annual broker review, we assess over a dozen brokers on hundreds of different variables to find the best online broker. Yielding a database of over 4,000 data points, let's compare Fidelity vs TradeStation.

To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. Fidelity and TradeStation both cost $0 per trade. For options trading, both Fidelity and TradeStation charge the same base fee of $0. TradeStation's per contract rate of $0.50 is less than Fidelity which charges $0.65. It's important to note that not all brokers charge a flat fee per trade. Thus, it is important to read the full commission notes for each broker, which we include with each online broker review.

Next to commission rates, being able to trade what you want is important. TradeStation provides its clients with Stock Trading, Options Trading, Mutual Funds and Futures Trading while Fidelity provides clients access to Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, Fidelity offers its clients access to 11782 different mutual funds while TradeStation has 4357 available funds, a difference of 7,425.

Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. TradeStation offers virtual trading while Fidelity does not. Taking a look at mobile trading, Fidelity and TradeStation 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 available to clients of Fidelity while TradeStation offers customers none of these.

Overall, between Fidelity and TradeStation, Fidelity is the winner.

Fidelity Review
TradeStation Review



All pricing data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. 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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