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 Securities. Is Fidelity Investments or TradeStation Securities a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. TradeStation Securities charges more than Fidelity Investments for placing regular stock trades ($5.00 and $4.95, respectively). For options trading, TradeStation Securities has a base fee of $5.00, and Fidelity Investments a base fee of $4.95. Option contracts are pricier at Fidelity Investments, costing $0.65 versus $0.50 at TradeStation Securities. 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 Securities supports Stock Trading, Options Trading, Mutual Funds and Futures Trading while Fidelity Investments supports Stock Trading, Options Trading and Mutual Funds. When it comes to mutual funds, TradeStation Securities trails Fidelity Investments by 7,554 total mutual funds, with Fidelity Investments offering 12505 and TradeStation Securities offering 4951. Commission free ETFs can also be a nice plus, with Fidelity Investments having the upper hand thanks to its 91 available commission free ETFs compared to TradeStation Securities's offering of 0.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. Both Fidelity Investments and TradeStation Securities offer virtual trading. For mobile trading, Fidelity Investments along with TradeStation Securities both support the 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 Securities offers customers none of these. On the whole, when it comes to tools, research, and mobile trading, TradeStation Securities finished with awards Best in Class - Platforms & Tools, while Fidelity Investments came up with Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, Fidelity Investments takes the upper hand with 4.50 stars over TradeStation Securities's 3.50 stars.