Fidelity vs TradeStation 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 TradeStation.
Is Fidelity or TradeStation better for beginners?
Fidelity offers more comprehensive new investor education for beginner investors than TradeStation. Fidelity offers investors access to Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement), while TradeStation offers investors access to Paper Trading, Videos, Education (Stocks) and Education (Options). See our guide to Best Paper Trading Platforms for more.
What about Fidelity vs TradeStation pricing?
Fidelity and TradeStation charge the same amount for regular stock trades, $0.00. Option contracts are pricier at Fidelity, costing $0.65 per contract versus $0.60 per contract at TradeStation. For a complete commissions summary, see our best brokers for free stock trading guide.
Does Fidelity or TradeStation offer a wider range of investment options?
Fidelity offers investors access to Stock Trading, Fractional Shares, Options Trading, OTC Stocks, Mutual Funds and Advisor Services, while TradeStation offers investors access to Stock Trading, Options Trading, OTC Stocks, Mutual Funds and Futures Trading. Neither have Forex Trading. Looking at Mutual Funds, TradeStation trails Fidelity in its offering of no transaction fee (NTF) mutual funds, with Fidelity offering 3401 and TradeStation offering 0.
Which trading platform is better: Fidelity or TradeStation?
To compare the trading platforms of Fidelity and TradeStation, 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 TradeStation 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 TradeStation good?
TradeStation supports casual traders through its web-based platform and active traders through its desktop platform. We like the web-based platform and mobile app, but the flagship desktop platform could use a refresh. TradeStation ranked among Best in Class in the Commissions and Fees and Investment Options categories in our 2023 Annual Review of online stockbrokers.
Fidelity vs TradeStation Winner
Overall winner: Fidelity
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