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Fidelity vs tastytrade 2025

StockBrokers.com

Written by StockBrokers.com

January 23, 2025

In this head to head comparison of Fidelity vs tastytrade, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.

Fidelity
5/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.65
tastytrade
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.50 info

Range of investments

When comparing Fidelity and tastytrade, Fidelity emerges as a more comprehensive choice for investors, offering a broader array of options. Rated 5 stars for investment options, Fidelity is renowned for its extensive portfolio, ranking #3 among 18 brokers by StockBrokers.com. Tastytrade, with a solid 4-star rating, offers a focused selection tailored for active traders, positioned at #10 in the rankings. Both brokers excel in certain areas, suiting different investor needs, with Fidelity providing a wider scope and tastytrade honing in on niche markets.

Fidelity and tastytrade both cater to stock, margin, fractional share, options, and crypto traders, with Fidelity offering 3 coins and tastytrade supporting 4 for crypto trading. However, Fidelity takes the lead in offerings that tastytrade lacks, such as OTC stocks and mutual funds, providing more versatility for investors interested in traditional assets. On the other hand, tastytrade stands out with futures trading, an area Fidelity currently doesn't cover, appealing to those seeking high-leverage opportunities.

In terms of retirement planning, both brokers offer traditional and Roth IRA accounts, providing essential tools for long-term savers. However, Fidelity further enhances its package with advisor services, which tastytrade does not provide. This addition can be crucial for investors seeking personalized financial guidance, making Fidelity a friendlier option for those wanting a more managed investment approach.

Feature Fidelity logoFidelity
tastytrade logotastytrade
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info Yes Yes info
OTC Stocks info Yes No
Mutual Funds info Yes No
Options Trading info Yes Yes
Futures Trading info No Yes
Crypto Trading info Yes Yes
Crypto Trading - Total Coins info 3 4
Range of Investments 5/5 Stars 4/5 Stars

Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025

Trading platforms and tools

When comparing Fidelity and tastytrade in terms of trading platforms and tools, both brokers present unique strengths. Fidelity ranks higher with a rating of 4.5 stars and is placed 4th out of 18 brokers by StockBrokers.com. This is largely due to its comprehensive features like a trading journal and more extensive chart customization options. On the other hand, tastytrade is rated 4 stars and ranks 8th. It distinguishes itself with a vast array of technical indicators and the option to create custom studies, which might appeal to traders who prioritize these features.

Both Fidelity and tastytrade provide the convenience of downloadable trading platforms for Windows and Mac users, as well as accessible browser-based platforms. Traders interested in tracking market trends can utilize multiple watch list columns, with Fidelity offering up to 92 fields compared to 33 by tastytrade. Additionally, both platforms allow adjusting open orders directly on charts, showing historical trades, and displaying corporate events, ensuring that they're well-equipped for technical analysis, despite the absence of paper trading options.

For charting enthusiasts, tastytrade offers considerably more technical indicators with 308 compared to Fidelity’s 129. However, Fidelity compensates with 38 drawing tools and the capability to apply automated technical analysis on charts, which tastytrade lacks. Although both platforms support adding notes, index overlays, and saving multiple chart profiles, Fidelity's ability to set custom date ranges and show automated chart patterns adds another layer of flexibility to its offering. Ultimately, Fidelity edges out in ratings thanks to its all-encompassing chart features and customization potential. However, traders seeking more advanced technical indicators and customization freedom might opt for tastytrade.

Feature Fidelity logoFidelity
tastytrade logotastytrade
Web Trading Platform info Yes Yes
Desktop Trading Platform info Yes Yes
Desktop Platform (Mac) info Yes Yes
Paper Trading info No No
Watch Lists - Total Fields info 92 33
Charting - Indicators / Studies info 129 308
Charting - Drawing Tools info 38 31
Platforms & Tools 4.5/5 Stars 4/5 Stars

Dive deeper: Best Stock Brokers & Trading Platforms for 2025, Best Paper Trading Platforms for 2025

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Beginners and education

When it comes to educational support for new investors, both Fidelity and tastytrade provide opportunities to learn about stocks, ETFs, and options. Fidelity goes a step further by offering education on mutual funds and bonds, segments that tastytrade does not cover. New investors can benefit from Fidelity's array of educational tools, including videos, webinars, and quizzes designed to enhance learning and test knowledge. Although both platforms allow users to track their learning progress, Fidelity stands out for its comprehensive educational resources, earning a 5-star rating for education and ranking as the second choice out of 18 brokers by StockBrokers.com.

Tastytrade, while also offering education on stocks, ETFs, and options, focuses more on interactive webinars rather than recorded videos or quizzes. Unlike Fidelity, tastytrade does not provide education on mutual funds or bonds, which could be a consideration if those areas are of interest. Still, tastytrade is a worthy contender in educational offerings with a focus on engaging content, receiving a 4-star rating for education. According to StockBrokers.com, tastytrade ranks as the 10th best broker for educational resources out of 18 options, providing solid support for beginners interested in specific investment types.

Feature Fidelity logoFidelity
tastytrade logotastytrade
Education (Stocks) info Yes Yes
Education (ETFs) info Yes Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info Yes No
Education (Bonds) info Yes No
Paper Trading info No No
Videos info Yes No
Webinars info Yes Yes
Education 5/5 Stars 4/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2025

Stock trading apps

When deciding between Fidelity and tastytrade for their stock trading app capabilities, Fidelity takes a slight edge with its breadth of features, consistently rising to the top with a 5-star rating. Fidelity lands at the #3 spot in app rankings, offering broader functionality that would appeal to a diverse range of investors looking for a comprehensive trading experience. While tastytrade scores a respectable 4.5 stars and is ranked #10, Fidelity's extra features such as a dedicated Apple Watch app, mobile streaming live TV, and stock alerts, position it as a more favorable choice for those seeking enhanced app interactivity and information access.

Both Fidelity and tastytrade have iPhone and Android apps, making them accessible to a large audience. Fidelity expands its compatibility to the Apple Watch, while tastytrade doesn’t offer this option. Investors interested in after-hours activities will find that both apps provide these opportunities through mobile after-hours stock and options trading, along with charting capabilities that come with customizable watch lists and columns. Those who trade on technical analyses will find Fidelity advantageous, offering 119 technical studies compared to tastytrade's zero.

In terms of charting capabilities, both apps allow viewing in landscape mode and provide multiple time frames, enhancing the overall user experience for traders who focus on visuals. The apps share common features like streaming quotes and custom watch lists, but Fidelity goes a step further with additional video content, including videos on demand, which can offer more in-depth insights to traders. Fidelity's ability to display stock comparisons on charts further enhances its utility for investors looking for detailed analyses, making it an all-encompassing tool for active traders.

Feature Fidelity logoFidelity
tastytrade logotastytrade
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes No
Stock Alerts info Yes No
Charting - After-Hours info Yes Yes
Charting - Technical Studies info 119 0
Mobile Trading Apps 5/5 Stars 4.5/5 Stars

Dive deeper: Best Stock Trading Apps for 2025

Fees

When considering Fidelity and tastytrade for your online brokerage needs, cost efficiency plays a vital role in decision-making. Both platforms offer attractive zero-dollar minimum deposits and commission-free stock trading, making them appealing choices for budget-conscious investors. However, tastytrade emerges as the more economical option for options traders, with a lower fee per contract. Despite tastytrade's competitive edge in some areas, Fidelity shines with its free account transfer and options event services, which could make a notable difference for those frequently utilizing such features.

Fidelity and tastytrade both offer $0 minimum deposits and free regular stock trading, making entry into investing accessible. For options trading, Fidelity charges a fee of $0.65 per contract, while tastytrade is slightly more affordable at $0.50 per contract. This subtle price difference can add up for frequent options investors. Furthermore, when it comes to margin balances, tastytrade generally offers lower interest rates, making it a potentially better choice for those considering borrowing against their portfolios.

In the area of other charges, Fidelity stands out by not imposing any fees on IRA maintenance or closure, account transfer services, and options events like exercise or assignment. Tastytrade, in contrast, does charge for IRA closures and both partial and full account transfers, as well as for options exercise and assignment, adding potential extra costs to consider. Investors need to weigh these differences based on their trading habits and decide which broker’s fee structure aligns better with their financial strategy.

Feature Fidelity logoFidelity
tastytrade logotastytrade
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Options (Per Contract) info $0.65 $0.50 info
Options Exercise Fee info $0.00 $5.00
Options Assignment Fee info $0.00 $5.00
IRA Annual Fee info $0.00 $0.00
IRA Closure Fee info $0.00 $60.00

Dive deeper: Best Free Trading Platforms for 2025

Day Trading

When it comes to day trading, Fidelity and tastytrade provide distinct advantages suited to different trading needs. Fidelity stands out with its comprehensive tools such as streaming time and sales for stocks, direct market routing, and level 2 quotes. It also leverages trading hotkeys for faster entry and provides basic strategy backtesting to aid in refining trading tactics. Moreover, Fidelity users benefit from streaming live TV, which can keep them informed of market news in real time, and a short locator tool that aids in managing short sales efficiently.

On the other hand, tastytrade appeals to day traders looking for a unique approach. While it does not offer streaming time and sales or direct market routing, tastytrade excels with its ladder trading feature, providing an interactive way to visualize market depth. Tastytrade also offers streaming live TV and a short locator tool, enabling traders to stay current with news and manage short positions effectively. However, it lacks in areas such as trading hotkeys, level 2 quotes, and any form of strategy backtesting, which might be limiting for traders looking for a broader range of strategic options. Both platforms do not offer order liquidity rebates, focusing on other strengths to attract day traders.

Feature Fidelity logoFidelity
tastytrade logotastytrade
Streaming Time & Sales info Yes No
Streaming TV info Yes Yes
Direct Market Routing - Stocks info Yes No
Level 2 Quotes - Stocks info Yes No
Trade Ideas - Backtesting info Yes No
Trade Ideas - Backtesting Adv info No No
Short Locator info Yes Yes

Dive deeper: Best Day Trading Platforms for 2025

Market Research

When comparing the market research capabilities of Fidelity and tastytrade, it's clear that Fidelity holds a significant advantage. Fidelity offers an extensive range of research tools and resources, which include comprehensive stock, ETF, and mutual fund analyses, alongside information on Pink Sheets/OTCBB and bonds. In contrast, tastytrade offers fewer market research resources, particularly lagging in areas such as mutual fund and bond research. Fidelity's stellar reputation is further highlighted by its 5-star rating for market research and a ranking of third out of eighteen brokers, while tastytrade receives just 1.5 stars and ranks thirteenth.

Fidelity provides investors with a rich array of downloadable PDF reports, covering eleven stock reports and additional resources for ETFs, enhancing their ability to make informed investment decisions. It also includes advanced stock and ETF screeners and a distinctive feature that analyzes social media sentiment data to enrich stock research. Furthermore, Fidelity offers ESG research, which is increasingly relevant for socially responsible investing. This contrasts sharply with tastytrade, which lacks these vital PDF resources, screeners, and ESG options.

Both platforms do offer investors the ability to review portfolio allocation by asset class, a helpful feature for managing risk and diversification. However, when it comes to generating trade ideas through screeners or exploring detailed research reports, Fidelity stands out as the provider offering a more comprehensive and fully-featured suite of research tools, making it a preferred choice for serious and casual investors alike looking for in-depth market research capabilities.

Feature Fidelity logoFidelity
tastytrade logotastytrade
Research - Stocks info Yes Yes
Screener - Stocks info Yes No
Research - ETFs info Yes Yes
Screener - ETFs info Yes No
Research - Mutual Funds info Yes No
Screener - Mutual Funds info Yes No
Research - Bonds info Yes No
Screener - Bonds info Yes No
Research 5/5 Stars 1.5/5 Stars

Banking

When comparing the banking capabilities of Fidelity and tastytrade, there are notable differences to consider for those exploring online brokers. Neither Fidelity nor tastytrade offer traditional checking or savings accounts, which might be a drawback for users seeking comprehensive banking solutions. However, Fidelity provides some additional financial products, such as debit and credit cards, which tastytrade does not offer. This could be advantageous for clients who prefer managing their assets alongside rewards or convenience in purchases. Fidelity also extends its offerings with mortgage loans and certificates of deposit (CDs), whereas tastytrade does not provide these services. These distinctions highlight Fidelity as a more versatile option for those looking to integrate investment brokerage with certain banking needs.

Feature Fidelity logoFidelity
tastytrade logotastytrade
Checking Accounts info No No
Savings Accounts info No No
Debit Cards info Yes No
Credit Cards info Yes No
Mortgage Loans info Yes No
CDs info Yes No

Dive deeper: Best Bank Accounts for Trading Stocks for 2025

Winner

After opening live accounts and testing 18 of the best online brokers, our research and live account testing finds that Fidelity is better than tastytrade. Fidelity finished with an overall score of 96.2%, while tastytrade finished with a score of 80.1%.

Fidelity is a value-driven online broker offering $0 trades, industry-leading research, excellent trading tools and an easy-to-use mobile app.

FAQs

Can you trade cryptocurrency with Fidelity or tastytrade?

Both Fidelity and tastytrade offer crypto trading, with Fidelity providing access to 3 coins and tastytrade offering a selection of 4 coins, making them competitive choices for investors interested in cryptocurrency.

Dive deeper: Best Online Brokers for Crypto Trading in 2025

Does Fidelity or tastytrade offer IRAs?

Both Fidelity and tastytrade offer traditional and Roth IRA accounts with no annual fees, providing accessible retirement saving options for investors. However, Fidelity stands out by not charging a closure fee for IRA accounts, unlike tastytrade, which imposes a $60.00 fee.

Dive deeper: Best IRA Accounts for 2025

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Compare

0 of 5
Overall Rating Fidelity tastytrade
Overall 5/5 Stars 4/5 Stars
Commissions & Fees N/A N/A
Range of Investments 5/5 Stars 4/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading Apps 5/5 Stars 4.5/5 Stars
Research 5/5 Stars 1.5/5 Stars
Customer Service 4.5/5 Stars 4.0/5 Stars
Education 5/5 Stars 4/5 Stars
Ease Of Use 5/5 Stars 5/5 Stars
Winner check_circle
Review Fidelity Review tastytrade Review
Broker Screenshots Fidelity tastytrade
Trading Platform & Tools Gallery (click to expand)
Research Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Trading Fees Fidelity tastytrade
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Penny Stock Fees (OTC) info $0.00 N/A
Mutual Fund Trade Fee info Varies info N/A info
Options (Per Contract) info $0.65 $0.50 info
Futures (Per Contract) info (Not offered) $1.25
Broker Assisted Trade Fee info $32.95 $0
Margin Rates Fidelity tastytrade
Margin Rate Under $25,000 info 13.075% 11%
Margin Rate $25,000 to $49,999.99 info 12.575% 10.5%
Margin Rate $50,000 to $99,999.99 info 12.125% 10%
Margin Rate $100,000 to $249,999.99 info 11.575% 9.5%
Margin Rate $250,000 to $499,999.99 info 11.325% 9%
Margin Rate $500,000 to $999,999.99 info 9.00% 8.5%
Margin Rate Above $1,000,000 info 8.75% 8%
Account Fees Fidelity tastytrade
IRA Annual Fee info $0.00 $0.00
IRA Closure Fee info $0.00 $60.00
Account Transfer Out (Partial) info $0.00 $75.00
Account Transfer Out (Full) info $0.00 $75.00
Options Exercise Fee info $0.00 $5.00
Options Assignment Fee info $0.00 $5.00
Investment Options Fidelity tastytrade
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info Yes Yes info
OTC Stocks info Yes No
Options Trading info Yes Yes
Complex Options Max Legs info 4 4
Futures Trading info No Yes
Forex Trading info No No
Crypto Trading info Yes Yes
Crypto Trading - Total Coins info 3 4
Mutual Funds (No Load) info 5843 0
Mutual Funds (Total) info 10000 0
Bonds (US Treasury) info Yes No info
Bonds (Corporate) info Yes No
Bonds (Municipal) info Yes No
Traditional IRAs info Yes Yes
Roth IRAs info Yes Yes
Advisor Services info Yes No
International Countries (Stocks) info 25 0
Order Types Fidelity tastytrade
Order Type - Market info Yes Yes
Order Type - Limit info Yes Yes
Order Type - After Hours info Yes Yes
Order Type - Stop info Yes Yes
Order Type - Trailing Stop info Yes No
Order Type - OCO info Yes Yes
Order Type - OTO info Yes Yes
Order Type - Broker Assisted info Yes Yes
Beginners Fidelity tastytrade
Education (Stocks) info Yes Yes
Education (ETFs) info Yes Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info Yes No
Education (Bonds) info Yes No
Education (Retirement) info Yes No
Retirement Calculator info Yes No
Investor Dictionary info Yes Yes
Paper Trading info No No
Videos info Yes No
Webinars info Yes Yes
Webinars (Archived) info Yes Yes
Progress Tracking info Yes Yes
Interactive Learning - Quizzes info Yes No
Stock Trading Apps Fidelity tastytrade
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes No
Trading - Stocks info Yes Yes
Trading - After-Hours info Yes Yes
Trading - Simple Options info Yes Yes
Trading - Complex Options info Yes Yes
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info Yes Yes
Stock App Features Fidelity tastytrade
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info Yes No
Videos on Demand info Yes No
Stock Alerts info Yes No
Option Chains Viewable info Yes Yes
Watch List (Real-time) info Yes Yes
Watch List (Streaming) info Yes Yes
Watch Lists - Create & Manage info Yes Yes
Watch Lists - Column Customization info Yes Yes
Stock App Charting Fidelity tastytrade
Charting - After-Hours info Yes Yes
Charting - Can Turn Horizontally info Yes Yes
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 119 0
Charting - Study Customizations info Yes No
Charting - Stock Comparisons info Yes No
Trading Platforms Fidelity tastytrade
Active Trading Platform info Active Trader Pro tastytrade
Desktop Trading Platform info Yes Yes
Desktop Platform (Mac) info Yes Yes
Web Trading Platform info Yes Yes
Paper Trading info No No
Trade Journal info Yes No
Watch Lists - Total Fields info 92 33
Stock Chart Features Fidelity tastytrade
Charting - Adjust Trades on Chart info Yes Yes
Charting - Indicators / Studies info 129 308
Charting - Drawing Tools info 38 31
Charting - Notes info Yes Yes
Charting - Index Overlays info Yes Yes
Charting - Historical Trades info Yes Yes
Charting - Corporate Events info Yes Yes
Charting - Custom Date Range info Yes No
Charting - Custom Time Bars info Yes No
Charting - Automated Analysis info Yes No
Charting - Save Profiles info Yes Yes
Trade Ideas - Technical Analysis info Yes No
Charting - Study Customizations info 5 7
Charting - Custom Studies info No Yes
Day Trading Fidelity tastytrade
Streaming Time & Sales info Yes No
Streaming TV info Yes Yes
Direct Market Routing - Stocks info Yes No
Ladder Trading info No Yes
Trade Hotkeys info Yes No
Level 2 Quotes - Stocks info Yes No
Trade Ideas - Backtesting info Yes No
Trade Ideas - Backtesting Adv info No No
Short Locator info Yes Yes
Order Liquidity Rebates info No No
Research Overview Fidelity tastytrade
Research - Stocks info Yes Yes
Research - ETFs info Yes Yes
Research - Mutual Funds info Yes No
Research - Pink Sheets / OTCBB info Yes No
Research - Bonds info Yes No
Screener - Stocks info Yes No
Screener - ETFs info Yes No
Screener - Mutual Funds info Yes No
Screener - Bonds info Yes No
Misc - Portfolio Allocation info Yes Yes
Stock Research Fidelity tastytrade
Stock Research - PDF Reports info 11 0
Stock Research - Earnings info Yes No
Stock Research - Insiders info Yes No
Stock Research - Social info Yes No
Stock Research - News info Yes Yes
Stock Research - ESG info Yes No
Stock Research - SEC Filings info Yes No
ETF Research Fidelity tastytrade
ETFs - Strategy Overview info Yes No
ETF Fund Facts - Inception Date info Yes No
ETF Fund Facts - Expense Ratio info Yes No
ETF Fund Facts - Net Assets info Yes No
ETF Fund Facts - Total Holdings info Yes No
ETFs - Top 10 Holdings info Yes No
ETFs - Sector Exposure info Yes No
ETFs - Risk Analysis info Yes Yes
ETFs - Ratings info Yes No
ETFs - Morningstar StyleMap info Yes No
ETFs - PDF Reports info Yes No
Mutual Fund Research Fidelity tastytrade
Mutual Funds - Strategy Overview info Yes No
Mutual Funds - Performance Chart info Yes No
Mutual Funds - Performance Analysis info Yes No
Mutual Funds - Prospectus info Yes No
Mutual Funds - 3rd Party Ratings info Yes No
Mutual Funds - Fees Breakdown info Yes No
Mutual Funds - Top 10 Holdings info Yes No
Mutual Funds - Asset Allocation info Yes No
Mutual Funds - Sector Allocation info Yes No
Mutual Funds - Country Allocation info Yes No
Mutual Funds - StyleMap info Yes No
Options Trading Fidelity tastytrade
Option Chains - Basic View info Yes Yes
Option Chains - Strategy View info Yes Yes
Option Chains - Streaming info Yes Yes
Option Chains - Total Columns info 26 20
Option Chains - Greeks info 5 5
Option Chains - Quick Analysis info Yes Yes
Option Analysis - P&L Charts info Yes Yes
Option Probability Analysis info Yes Yes
Option Probability Analysis Adv info Yes Yes
Option Positions - Greeks info Yes Yes
Option Positions - Greeks Streaming info Yes Yes
Option Positions - Adv Analysis info Yes Yes
Option Positions - Rolling info Yes Yes
Option Positions - Grouping info Yes Yes
Banking Fidelity tastytrade
Bank (Member FDIC) info No No
Checking Accounts info No No
Savings Accounts info No No
Credit Cards info Yes No
Debit Cards info Yes No
Mortgage Loans info Yes No
Customer Service Fidelity tastytrade
Phone Support (Prospect Customers) info Yes Yes
Phone Support (Current Customers) info Yes Yes
Email Support info Yes Yes
Live Chat (Prospect Customers) info Yes Yes
Live Chat (Current Customers) info Yes Yes
24/7 Support info Yes No
Overall Fidelity tastytrade
Overall 5/5 Stars 4/5 Stars
Commissions & Fees N/A N/A
Range of Investments 5/5 Stars 4/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading Apps 5/5 Stars 4.5/5 Stars
Research 5/5 Stars 1.5/5 Stars
Education 5/5 Stars 4/5 Stars
Ease Of Use 5/5 Stars 5/5 Stars
Winner check_circle
Review Fidelity Review tastytrade Review
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