Is Fidelity better than TradeStation? After testing 11 of the best online brokers over three months, Fidelity (99.36%) is better than TradeStation (76.56%). Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools, an easy-to-use mobile app, and comprehensive retirement services. Serving over 32 million customers, Fidelity is a winner for everyday investors.
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Fidelity vs TradeStation 2021
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SPECIAL OFFER
No commissions to trade online U.S. stocks, ETFs, and options.1
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PROMO OFFER
Commission-Free Trades on Stocks, ETFs & Options Trades
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| Open Account > | Open Account > |
Overall Rating
| Feature | Fidelity | TradeStation |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Ease of Use | ||
| Fidelity Review | TradeStation Review | |
| Winner | check_circle |
Trading Fees
| Feature | Fidelity | TradeStation |
| Minimum Deposit | $0.00 | $0.00 |
| Stock Trade Fee (per trade) | $0.00 | $0.00 |
| ETF Trade Fee | $0.00 | $0.00 |
| Mutual Fund Trade Fee | $49.95 | $14.95 |
| Options Base Fee | $0.00 | $0.00 |
| Options Per Contract Fee | $0.65 | $0.50 |
| Futures (per contract) | N/A | $1.50 |
| Broker Assisted Trades Fee | $32.95 | $50.00 |
Margin Rates
| Feature | Fidelity | TradeStation |
| Under $24,999.99 | 8.33% | 9.50% |
| $25,000.00 to $49,999.99 | 7.83% | 9.50% |
| $50,000.00 to $99,999.99 | 6.88% | 8.75% |
| $100,000.00 to $249,999.99 | 6.83% | 8.75% |
| $250,000.00 to $499,999.99 | 6.58% | 8.75% |
| $500,000.00 to $999,999.99 | 4.25% | 5.50% |
| Above $1,000,000.00 | 4.00% | 5.50% |
Account Fees
| Feature | Fidelity | TradeStation |
| IRA Annual Fee | $0.00 | $35.00 |
| IRA Closure Fee | $0.00 | $50.00 |
| Account Transfer Out (Partial) | $0.00 | $125.00 |
| Account Transfer Out (Full) | $0.00 | $125.00 |
| 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 |
Investment Options
| Feature | Fidelity | TradeStation |
|
Stock Trading |
Yes | Yes |
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Fractional Shares |
Yes | No |
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OTCBB / Pink Sheets |
Yes | Yes |
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Options Trading |
Yes | Yes |
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Complex Options Max Legs |
4 | 4 |
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Futures Trading |
No | Yes |
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Forex Trading |
No | No |
| Crypto Trading | No | Yes |
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Mutual Funds (No Load) |
3786 | 887 |
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Mutual Funds (Total) |
9842 | 4357 |
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Bonds (US Treasury) |
Yes | Yes |
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Bonds (Corporate) |
Yes | Yes |
|
Bonds (Municipal) |
Yes | Yes |
|
Advisor Services |
Yes | No |
|
International Trading |
Yes | No |
|
AI Assistant Bot |
Yes | No |
Order Types
| Feature | Fidelity | TradeStation |
|
Order Type - Market |
Yes | Yes |
|
Order Type - Limit |
Yes | Yes |
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Order Type - Stop |
Yes | Yes |
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Order Type - Trailing Stop |
Yes | Yes |
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Order Type - Contingent |
Yes | Yes |
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Order Type - MultiContingent |
Yes | Yes |
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Order Type - OCO |
Yes | Yes |
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Order Type - OTO |
Yes | Yes |
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Order Type - OTOCO |
Yes | Yes |
Trading Platforms
| Feature | Fidelity | TradeStation |
|
Desktop Platform (Windows) |
Yes | Yes |
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Desktop Platform (Mac) |
Yes | No |
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Web Platform |
Yes | Yes |
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Paper Trading |
No | Yes |
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Trade Journal |
Yes | No |
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Heat Mapping |
Yes | No |
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Watch Lists - Total Fields |
91 | 335 |
Charting Features
| Feature | Fidelity | TradeStation |
|
Charting - Trade Off Chart |
Yes | Yes |
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Charting - Indicators / Studies |
129 | 290 |
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Charting - Drawing Tools |
22 | 23 |
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Charting - Historical Trades |
Yes | Yes |
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Charting - Corporate Events |
Yes | No |
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Charting - Automated Analysis |
Yes | No |
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Charting - Save Profiles |
Yes | Yes |
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Trade Ideas - Technical Analysis |
Yes | Yes |
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Charting - Study Customizations |
5 | 12 |
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Charting - Custom Studies |
No | Yes |
Day Trading
| Feature | Fidelity | TradeStation |
|
Stock Alerts - Basic Fields |
Yes | Yes |
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Stock Alerts - Advanced Fields |
Yes | Yes |
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Streaming Time & Sales |
No | Yes |
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Streaming TV |
Yes | No |
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Direct Market Routing - Stocks |
Yes | Yes |
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Direct Market Routing - Options |
Yes | Yes |
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Ladder Trading |
No | Yes |
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Trade Hot Keys |
Yes | Yes |
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Level 2 Quotes - Stocks |
Yes | Yes |
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Level 2 Quotes - Options |
Yes | Yes |
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Trade Ideas - Backtesting |
Yes | Yes |
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Short Locator |
Yes | Yes |
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Order Liquidity Rebates |
No | Yes |
Mobile Trading Apps
| Feature | Fidelity | TradeStation |
|
iPhone App |
Yes | Yes |
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Android App |
Yes | Yes |
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Apple Watch App |
Yes | No |
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Trading - Stocks |
Yes | Yes |
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Trading - After-Hours |
Yes | Yes |
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Trading - Conditional Orders |
No | Yes |
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Trading - Mutual Funds |
Yes | No |
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Trading - Simple Options |
Yes | Yes |
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Trading - Complex Options |
Yes | Yes |
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Trading - Option Rolling |
No | No |
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Touch / Face ID |
Yes | Yes |
Mobile App Features
| Feature | Fidelity | TradeStation |
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Watch List Syncing |
Yes | Yes |
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Stock Alerts |
Yes | Yes |
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Charting - After Hours |
Yes | Yes |
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Charting - Drawing |
No | Yes |
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Charting - Study Customizations |
Yes | Yes |
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Heatmapping |
Yes | No |
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Stream Live TV |
Yes | No |
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Barcode Lookup |
No | No |
Research Overview
| Feature | Fidelity | TradeStation |
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Research - Stocks |
Yes | Yes |
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Research - ETFs |
Yes | Yes |
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Research - Mutual Funds |
Yes | No |
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Research - Pink Sheets / OTCBB |
Yes | Yes |
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Research - Fixed Income |
Yes | No |
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Screener - Stocks |
Yes | Yes |
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Screener - ETFs |
Yes | No |
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Screener - Mutual Funds |
Yes | No |
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Screener - Options |
Yes | Yes |
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Screener - Bonds |
Yes | No |
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Misc - Portfolio Builder |
Yes | No |
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Misc - Portfolio Allocation |
Yes | No |
Stock Research
| Feature | Fidelity | TradeStation |
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Stock Research - Reports |
11 | 0 |
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Stock Research - Earnings |
Yes | No |
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Stock Research - Insiders |
Yes | No |
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Stock Research - Metric Comp |
Yes | No |
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Stock Research - SEC Filings |
Yes | No |
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Stock Research - Social |
Yes | No |
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Stock Research - Balance Sheet |
Yes | No |
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Stock Research - Cash Flows |
Yes | No |
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Stock Research - News |
Yes | Yes |
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Stock Research - ESG |
Yes | No |
ETF Research
| Feature | Fidelity | TradeStation |
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ETFs - Strategy Overview |
Yes | No |
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ETFs - Top 10 Holdings |
Yes | No |
|
ETFs - Sector Exposure |
Yes | No |
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ETFs - Risk Analysis |
Yes | No |
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ETFs - Performance Analysis |
Yes | No |
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ETFs - Ratings |
Yes | No |
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ETFs - Morningstar StyleMap |
Yes | No |
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ETFs - Reports |
Yes | No |
Mutual Fund Research
| Feature | Fidelity | TradeStation |
|
Mutual Funds - Strategy Overview |
Yes | No |
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Mutual Funds - Prospectus |
Yes | No |
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Mutual Funds - Reports |
No | No |
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Mutual Funds - Fees Breakdown |
Yes | No |
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Mutual Funds - Top 10 Holdings |
Yes | No |
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Mutual Funds - Asset Allocation |
Yes | No |
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Mutual Funds - Sector Allocation |
Yes | No |
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Mutual Funds - Country Allocation |
Yes | No |
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Mutual Funds - StyleMap |
Yes | No |
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Mutual Funds - 3rd Party Ratings |
Yes | No |
Options Trading
| Feature | Fidelity | TradeStation |
|
Option Chains - Streaming |
Yes | Yes |
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Option Chains - Total Columns |
26 | 32 |
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Option Chains - Greeks |
5 | 5 |
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Option Chains - Quick Analysis |
Yes | Yes |
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Option Analysis - P&L Charts |
Yes | Yes |
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Option Probability Analysis |
Yes | Yes |
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Option Probability Analysis Adv |
Yes | Yes |
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Option Positions - Greeks |
Yes | Yes |
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Option Positions - Adv Analysis |
Yes | Yes |
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Option Positions - Rolling |
Yes | Yes |
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Option Positions - Grouping |
Yes | Yes |
Beginners
| Feature | Fidelity | TradeStation |
|
Education (Stocks) |
Yes | Yes |
|
Education (ETFs) |
Yes | No |
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Education (Options) |
Yes | Yes |
|
Education (Mutual Funds) |
Yes | No |
|
Education (Fixed Income) |
Yes | No |
|
Education (Retirement) |
Yes | No |
|
Paper Trading |
No | Yes |
|
Videos |
Yes | Yes |
|
Webinars (Monthly Avg) |
15 | 10 |
|
Webinars (Archived) |
Yes | No |
|
Live Seminars |
Yes | Yes |
|
Progress Tracking |
Yes | No |
|
Interactive Learning - Quizzes |
Yes | No |
Banking
| Feature | Fidelity | TradeStation |
|
Retail Locations |
200 | 0 |
|
Member FDIC |
No | No |
|
Checking Accounts |
Yes | No |
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Savings Accounts |
Yes | No |
|
Credit Cards |
Yes | No |
|
Debit Cards |
Yes | No |
|
Mortgage Loans |
No | No |
|
No Fee Banking |
Yes | No |
Overall
| Feature | Fidelity | TradeStation |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Ease of Use | ||
| Fidelity Review | TradeStation Review | |
| Winner | check_circle |
Comparing brokers side by side is no easy task. For our 2021 annual broker review, we spent hundreds of hours assessing 11 brokerages to find the best online broker. Let's compare Fidelity vs TradeStation.
Is Fidelity or TradeStation better for beginners?
Fidelity is better for beginner investors than TradeStation. Fidelity offers investors access to Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Fixed Income) and Education (Retirement).
What about Fidelity vs TradeStation pricing?
Fidelity and TradeStation charge the same amount for regular stock trades, $0. With options, the base fee is $0 for both Fidelity and TradeStation. TradeStation's per contract rate of $0.50 is less than Fidelity which charges $0.65. For a complete commissions summary, see our best discount brokers guide.
Does Fidelity or TradeStation offer a wider range of investment options?
Fidelity offers a more diverse selection of investment options than TradeStation. Fidelity offers investors access to Stock Trading, Fractional Shares, OTCBB / Pink Sheets, Options Trading, Mutual Funds, Advisor Services and International Trading. Looking at Mutual Funds, TradeStation trails Fidelity by 5,485 total mutual funds, with Fidelity offering 9842 and TradeStation offering 4357.
Which trading platform is better: Fidelity or TradeStation?
To compare the trading platforms of both Fidelity and TradeStation, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, TradeStation 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. Checking Accounts, Savings Accounts, Debit Cards and Credit Cards are available to clients of Fidelity while TradeStation offers customers none of these.
Overall winner: Fidelity
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All pricing data was obtained from a published web site as of 01/19/2021 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.
1$0.00 commission applies to online U.S. equity trades, exchange-traded funds (ETFs), and options (+ $0.65 per contract fee) in a Fidelity retail account only for Fidelity Brokerage Services LLC retail clients. Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). There is an Options Regulatory Fee (from $0.03 to $0.05 per contract), which applies to both option buy and sell transactions. The fee is subject to change. Other exclusions and conditions may apply. See Fidelity.com/commissions for details. Employee equity compensation transactions and accounts managed by advisors or intermediaries through Fidelity Clearing & Custody Solutions® are subject to different commission schedules.
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.
