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 5,000 data points, let's compare Fidelity Investments vs TradeStation Securities.
To start this comparison, first, we will take a look at the online broker commission rates for placing regular 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. Looking at trading options, Fidelity Investments's base fee is $4.95 while TradeStation Securities's is $5.00. Each option contract then costs $0.65 at Fidelity Investments and $0.50 at TradeStation Securities. 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 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. Looking at mutual funds, Fidelity Investments offers its clients access to 12505 different mutual funds while TradeStation Securities has 4951 available funds, a difference of 7,554. Commission free ETFs can also be valuable for customers, Fidelity Investments offers 91 commission free ETFs versus TradeStation Securities's total of 0.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Both Fidelity Investments and TradeStation Securities offer virtual trading. Taking a look at mobile trading, Both Fidelity Investments and TradeStation Securities offer clients access to an 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 offered by Fidelity Investments while TradeStation Securities offers none of these. On the whole, when it comes to tools, research, and mobile trading, unfortunately, neither Fidelity Investments nor TradeStation Securities received awards Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, Fidelity Investments takes the upper hand with 5.00 stars over TradeStation Securities's 4.00 stars.