The StockBrokers.com annual broker review assesses more than a dozen different brokers over six months, surfacing the best online stock brokers
. This review compares Fidelity Investments vs TradeStation. Is Fidelity Investments or TradeStation a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. TradeStation charges $5.00 per stock trade which is $0.05 more than Fidelity Investments which charges customers $4.95 per trade. With options, the base fees charged are $5.00 (TradeStation) and $4.95 (Fidelity Investments). Option contracts are pricier at Fidelity Investments, costing $0.65 versus $0.50 at TradeStation. Note that some brokers charge a per-share fee instead of a flat-fee commission. For a full breakdown of commissions, read our online broker reviews
For our next comparison of these two brokers, being able to trade the way you want is a must. TradeStation offers clients Stock Trading, Options Trading, Mutual Funds and Futures Trading while Fidelity Investments offers Stock Trading, Options Trading and Mutual Funds. When it comes to mutual funds, TradeStation trails Fidelity Investments by 7,425 total mutual funds, with Fidelity Investments offering 11782 and TradeStation offering 4357.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. TradeStation makes virtual trading available to clients, while Fidelity Investments does not. For mobile trading, Fidelity Investments and TradeStation both have a iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Checking Accounts, Savings Accounts, Debit Cards and Credit Cards are available to clients of Fidelity Investments while TradeStation offers customers none of these. On the whole, when it comes to tools, research, and mobile trading, Fidelity Investments along with TradeStation both finished with awards Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, between Fidelity Investments and TradeStation, Fidelity Investments is the winner
Fidelity Investments Review