Using data from our latest annual broker review which tested more than a dozen different online brokers
over six months, we can compare Fidelity Investments vs TradeStation Securities to determine which broker is best. Let's dive in.
First, we will break down the commission charges of both brokers for placing stock and options trades. TradeStation Securities 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 Securities) and $4.95 (Fidelity Investments). TradeStation Securities's per contract rate of $0.50 is less than Fidelity Investments which charges $0.65. Instead of flat rate fees, several brokers charge a per-share fee instead. For a complete review of trading charges, read our full online broker reviews
Next, investors want to make sure they can trade the investment vehicle they want. TradeStation Securities provides its clients with Stock Trading, Options Trading, Mutual Funds and Futures Trading while Fidelity Investments provides clients access to Stock Trading, Options Trading and Mutual Funds. As far as mutual funds go, Fidelity Investments boasts an offering of 12505 mutual funds compared to TradeStation Securities's 4951 available funds. And, commission free ETFs deserve a comparison, Fidelity Investments offers 91 commission free ETFs versus TradeStation Securities's total of 0.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Both Fidelity Investments and TradeStation Securities offer virtual trading. For mobile trading, Fidelity Investments and TradeStation Securities both have a iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Clients can have Checking Accounts, Savings Accounts, Debit Cards and Credit Cards at Fidelity Investments while customers at TradeStation Securities can have none of these. All factors considered, when it comes to platform tools, research, and mobile trading, Fidelity Investments posted awards Best in Class - Platforms & Tools and Best in Class - Mobile Trading in 2018, while TradeStation Securities found itself with Best in Class - Platforms & Tools.
Overall, Fidelity Investments boasts 5.00 stars versus TradeStation Securities's 4.00 stars.