Using data from the StockBrokers.com 2017 Broker Review which tested 16 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, with its regular stock trades costing $5.00, is more expensive than Fidelity Investments's rate of $4.95 per trade. For options trading, TradeStation Securities has a base fee of $5.00, and Fidelity Investments a base fee of $4.95. Each option contract then costs $0.65 at Fidelity Investments and $0.50 at TradeStation Securities. 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 offers its clients access to 13204 different mutual funds while TradeStation Securities has 4854 available funds, a difference of 8,350. And, commission free ETFs deserve a comparison, with TradeStation Securities falling behind Fidelity Investments, offering 0 commission free ETFs compared to Fidelity Investments's 91.
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, Both Fidelity Investments and TradeStation Securities offer clients access to an iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Checking Accounts, Savings Accounts, Debit Cards and Credit Cards are offered by Fidelity Investments while TradeStation Securities offers none of these. All factors considered, when it comes to platform tools, research, and mobile trading, TradeStation Securities was rated Best in Class - Platforms & Tools in 2017, while Fidelity Investments was rated Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, Fidelity Investments comes out on top with 4.50 stars over TradeStation Securities's 3.50 stars.