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Fidelity vs TradeStation 2025

StockBrokers.com

Written by StockBrokers.com

February 20, 2025

In this head to head comparison of Fidelity vs TradeStation, we will compare the trading platforms, mobile apps, range of investments, 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
TradeStation
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.60

Range of investments

For investors comparing Fidelity and TradeStation, both platforms are competitive, but Fidelity edges out with its wider array of investment options. Fidelity is highly rated, tied to its extensive offerings, including fractional shares, mutual funds, and crypto trading, along with access to advisor services. This flexibility helps Fidelity secure a higher ranking in investment range compared to TradeStation. However, TradeStation distinguishes itself by providing futures trading, a feature not offered by Fidelity, making it an appealing choice for futures enthusiasts.

When it comes to stock and margin trading, both Fidelity and TradeStation deliver solid options for investors. While standard stock trading is accessible through both, Fidelity's advantage becomes clearer with its inclusion of fractional shares and a trio of cryptocurrencies, which TradeStation does not offer. Both brokers support OTC stocks, mutual funds, and options trading, making them suitable for diverse investment strategies. However, neither platform offers forex trading.

Fidelity and TradeStation both cater to retirement-focused investors with traditional and Roth IRA accounts. Yet, Fidelity's additional advisor services provide an extra layer of investor support that TradeStation lacks. The absence of futures and forex trading in Fidelity's catalog may steer some advanced traders toward TradeStation, but for investors seeking a broad spectrum of investment avenues coupled with advisor services, Fidelity presents a slightly more versatile option. Overall, Fidelity's greater range of offerings nets it a spot ahead of TradeStation in rankings, earning a higher rating and more comprehensive investment opportunities.

Feature Fidelity logoFidelity
TradeStation logoTradeStation
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info Yes No
OTC Stocks info Yes Yes
Mutual Funds info Yes Yes
Options Trading info Yes Yes
Futures Trading info No Yes
Crypto Trading info Yes No
Crypto Trading - Total Coins info 3 0
Range of Investments 5/5 Stars 4.5/5 Stars

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

Trading platforms and tools

When it comes to choosing a trading platform, both Fidelity and TradeStation offer a variety of features that cater to different needs, which results in each being rated 4.5 stars for their trading platforms and tools. Fidelity grabs attention with its versatility, offering both Windows and Mac desktop applications, as well as a browser-based platform. On the other hand, TradeStation is not far behind, providing a Windows desktop download and a browser option but lacks Mac compatibility. However, TradeStation's unique capabilities, such as offering paper trading and the ability to create custom studies, might appeal to more advanced traders who need these specific functions.

Fidelity stands out by offering an impressive array of 92 customizable fields for watch lists, though TradeStation takes the lead with a staggering 341 fields. However, if drawing tools are a priority, Fidelity offers 38 options for charting, compared to 23 from TradeStation. Both platforms enable users to enhance their charts in various ways, such as adding notes, displaying corporate events, and adjusting open orders directly on the chart. For those who prefer detailed charting, it's noteworthy that TradeStation provides 294 technical indicators compared to Fidelity’s 129, giving more options for technical analysis enthusiasts.

While both platforms enable users to show historical trades on charts and allow custom date ranges, the flexibility to set multiple chart profiles and index overlays is also present in each. Fidelity offers a trading journal as an additional feature to help users track their trading activities, whereas TradeStation does not. With both brokers ranking in the top four out of 16 brokers reviewed by StockBrokers.com, it's clear that both Fidelity and TradeStation provide strong tools and platforms, but the right choice will depend on your individual needs and priorities.

Feature Fidelity logoFidelity
TradeStation logoTradeStation
Web Trading Platform info Yes Yes
Desktop Trading Platform info Yes Yes
Desktop Platform (Mac) info Yes No
Paper Trading info No Yes
Watch Lists - Total Fields info 92 341
Charting - Indicators / Studies info 129 294
Charting - Drawing Tools info 38 23
Platforms & Tools 4.5/5 Stars 4.5/5 Stars

Dive deeper: 7 Best Brokerage Accounts for 2025, Best Paper Trading Platforms for 2025

Featured Offers


5/5 Stars

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Beginners and education

Fidelity excels in investor education, offering a wide range of resources tailored to beginners. With comprehensive materials covering stocks, ETFs, options, mutual funds, and bonds, Fidelity caters to diverse investment interests. The platform features educational videos, webinars, and quizzes to reinforce learning. Users can also track their progress, ensuring a structured educational journey. These offerings contribute to Fidelity's impressive 5-star rating and its #2 ranking among brokerage firms for education by StockBrokers.com.

In contrast, TradeStation provides basic yet effective educational resources, receiving a 3-star rating. While it offers stock and options education, TradeStation lacks materials on ETFs, mutual funds, and bonds, potentially limiting its scope for learners seeking broader knowledge. However, the platform offers paper trading, allowing beginners to practice strategies without financial risk. Educational videos and webinars are available, though the absence of learning progress tracking and quizzes may hinder a more interactive learning experience. Consequently, TradeStation is ranked #14 in education by StockBrokers.com.

Feature Fidelity logoFidelity
TradeStation logoTradeStation
Education (Stocks) info Yes Yes
Education (ETFs) info Yes No
Education (Options) info Yes Yes
Education (Mutual Funds) info Yes No
Education (Bonds) info Yes No
Paper Trading info No Yes
Videos info Yes Yes
Webinars info Yes Yes
Education 5/5 Stars 3/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2025

Stock trading apps

When evaluating stock trading apps, Fidelity and TradeStation both offer comprehensive platforms, yet Fidelity edges out slightly with its additional features and higher ratings. Fidelity is ranked third among 16 brokers on StockBrokers.com with a perfect five-star rating, while TradeStation is ranked eighth with a respectable 4.5-star rating. For traders seeking a highly rated app with more features, particularly for Apple users or those interested in streaming capabilities, Fidelity may be the more suitable choice, while TradeStation still remains a strong contender for those focused on core trading functions.

Both Fidelity and TradeStation support iPhone and Android apps, ensuring accessibility across major mobile devices. Fidelity extends its capabilities to the Apple Watch, unlike TradeStation. In terms of trading functionalities, both apps offer mobile options trading, streaming quotes, stock alerts, and custom watch lists. However, Fidelity enhances the trading experience with after-hours mobile stock trading and streaming live TV, which TradeStation does not provide. Additionally, Fidelity offers on-demand videos to support continuous learning and engagement for traders, while this feature is absent for TradeStation users.

Fidelity stands out in charting capabilities with 119 technical studies compared to TradeStation's 45, and it allows charts to be viewed in landscape mode, a feature not available in TradeStation's app. Fidelity also supports stock comparisons on charts, offering a more detailed analysis, whereas TradeStation lacks this functionality. Both services allow for multiple time frames in charting, affirming their solid platforms for technical analysis. Overall, Fidelity provides a richer array of features and greater flexibility in its stock trading app, catering to both novice and experienced traders.

Feature Fidelity logoFidelity
TradeStation logoTradeStation
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes No
Stock Alerts info Yes Yes
Charting - After-Hours info Yes Yes
Charting - Technical Studies info 119 45
Mobile Trading Apps 5/5 Stars 4.5/5 Stars

Dive deeper: Best Stock Trading Apps for 2025

Fees

Fidelity and TradeStation both provide a compelling choice for investors with no minimum deposit and commission-free stock trades. However, they differentiate themselves significantly in fees attached to various account activities. Fidelity offers lower fees for most services, including zero costs for IRA closures and transfers, making it a more cost-effective option for long-term investors looking to minimize charges. TradeStation, on the other hand, may appeal to more active traders, as it offers a slightly lower fee per options contract.

When it comes to margin lending, Fidelity presents a more appealing option for those maintaining higher balances. Investors with margin balances between $25,000 and $49,999 will encounter lower rates with Fidelity, whereas TradeStation charges a consistent rate of 13.0% across these tiers. As the margin balance increases between $50,000 and $99,999, Fidelity continues to offer competitive rates at 12.125%, compared to TradeStation's 12.5%, which can result in saved costs for traders utilizing margin accounts.

For account fees beyond trading, Fidelity surfaces as a favorable alternative with no IRA annual or closure fees, setting no charge for both partial and full account transfers. In contrast, TradeStation imposes a $35 annual fee on IRAs and charges for account closures and transfers. Investors who engage in options trading will find that Fidelity does not charge for options exercises and assignments, unlike TradeStation, which has fees for these services. Ultimately, while both platforms have their perks, Fidelity's fee structure may appeal more to those looking at broader savings on a range of additional fees.

Feature Fidelity logoFidelity
TradeStation logoTradeStation
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Options (Per Contract) info $0.65 $0.60
Options Exercise Fee info $0.00 $14.95
Options Assignment Fee info $0.00 $5.95
IRA Annual Fee info $0.00 $35.00
IRA Closure Fee info $0.00 $50.00

Dive deeper: Best Free Trading Platforms for 2025

Day Trading

When evaluating Fidelity and TradeStation for day trading, each platform presents distinctive advantages. Fidelity provides streaming time and sales data, streaming live TV, and direct market routing, which can be beneficial for real-time decision-making. Its level 2 quotes also cater to those wanting insight into market depth. Fidelity provides essential tools for backtesting basic strategies and offers a short locator tool to help traders view the real-time availability of shares available for shorting. However, it falls short in certain aspects such as advanced strategy backtesting, ladder trading, and order liquidity rebates.

TradeStation, on the other hand, offers streaming time and sales for stocks like Fidelity and includes direct market routing and level 2 quotes, enhancing its appeal for those interested in in-depth market analysis. It stands out with features that Fidelity lacks, such as ladder trading, advanced strategy backtesting, and order liquidity rebates, which can be crucial for more sophisticated trading approaches. Although it does not provide streaming live TV, TradeStation supports trading hotkeys for quick trade entry, and offers a short locator tool, making it a formidable choice for active day traders seeking a comprehensive toolset.

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

Dive deeper: Best Day Trading Platforms for 2025

Market Research

Fidelity and TradeStation both have strengths in market research, but Fidelity clearly stands out with more comprehensive offerings. While both platforms provide research tools for stocks and ETFs, Fidelity extends its capabilities to mutual funds and bonds, areas where TradeStation falls short. Furthermore, Fidelity excels in the availability of downloadable PDF reports, asset allocation insights, and advanced research features, resulting in a 5-star rating compared to TradeStation's 2-star rating. Fidelity's dedication to providing a well-rounded research experience places it as the third-ranked broker for market research, according to StockBrokers.com, while TradeStation ranks eleventh.

When examining stock research, Fidelity offers a wider range of resources, including social media sentiment data and ESG research, tools that TradeStation does not provide. Additionally, Fidelity's customers benefit from access to 11 downloadable PDF research reports for stocks, while TradeStation does not offer any. Both brokers supply screeners for generating stock trade ideas, but Fidelity has the upper hand with the ability to screen ETFs, mutual funds, and bonds, which TradeStation does not support.

For investors seeking a broad spectrum of market research options, Fidelity stands out as the more capable platform. It provides enhanced insight into portfolio allocation and offers comprehensive screeners and reports that cater to a diverse array of asset classes. While TradeStation offers competent research for stocks and ETFs, those requiring information on mutual funds, bonds, or innovative data sources like social sentiment would find Fidelity to be the more advantageous choice.

Feature Fidelity logoFidelity
TradeStation logoTradeStation
Research - Stocks info Yes Yes
Screener - Stocks info Yes Yes
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 2/5 Stars

Banking

When it comes to banking capabilities, Fidelity and TradeStation offer different features for those interested in more than just trading. Fidelity provides advantages like access to debit cards and credit cards, making it convenient for users looking to manage daily expenses or earn rewards. It also offers mortgage loans and certificates of deposit (CDs), adding more financial tools for planning big purchases or saving for the future. In contrast, TradeStation does not offer these banking features, as it focuses more on its trading platform without providing debit cards, credit cards, mortgage loans, or CDs. Both Fidelity and TradeStation do not offer checking or savings accounts, so users seeking traditional banking services might need to look at other institutions. Ultimately, while both platforms are solid choices for trading, Fidelity might be more appealing for users seeking additional banking features alongside their brokerage services.

Feature Fidelity logoFidelity
TradeStation logoTradeStation
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 16 of the best online brokers, our research and live account testing finds that Fidelity is better than TradeStation. Fidelity finished with an overall score of 96.2%, while TradeStation finished with a score of 80.2%.

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 TradeStation?

Fidelity offers cryptocurrency trading with access to three different coins, whereas TradeStation does not provide crypto trading options at all.

Dive deeper: Best Online Brokers for Crypto Trading in 2025

Does Fidelity or TradeStation offer IRAs?

Both Fidelity and TradeStation offer traditional and Roth IRA accounts, but Fidelity stands out with $0.00 annual and closure fees, compared to TradeStation's $35.00 annual and $50.00 closure fees, making it a more cost-effective choice for IRA investors.

Dive deeper: Best IRA Accounts for 2025

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Compare

0 of 5
Overall Rating Fidelity TradeStation
Overall 5/5 Stars 4/5 Stars
Range of Investments 5/5 Stars 4.5/5 Stars
Platforms & Tools 4.5/5 Stars 4.5/5 Stars
Mobile Trading Apps 5/5 Stars 4.5/5 Stars
Research 5/5 Stars 2/5 Stars
Customer Service 4.5/5 Stars 3.5/5 Stars
Education 5/5 Stars 3/5 Stars
Ease Of Use 5/5 Stars 4.5/5 Stars
Winner check_circle
Review Fidelity Review TradeStation Review
Broker Screenshots Fidelity TradeStation
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 TradeStation
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Penny Stock Fees (OTC) info $0.00 $0.01 info
Mutual Fund Trade Fee info Varies info $14.95
Options (Per Contract) info $0.65 $0.60
Futures (Per Contract) info (Not offered) $1.50
Broker Assisted Trade Fee info $32.95 $25
Margin Rates Fidelity TradeStation
Margin Rate Under $25,000 info 13.075% 13.0%
Margin Rate $25,000 to $49,999.99 info 12.575% 13.0%
Margin Rate $50,000 to $99,999.99 info 12.125% 12.5%
Margin Rate $100,000 to $249,999.99 info 11.575% 12.0%
Margin Rate $250,000 to $499,999.99 info 11.325% 12.0%
Margin Rate $500,000 to $999,999.99 info 9.00% 7.5% info
Margin Rate Above $1,000,000 info 8.75% 7.5% info
Account Fees Fidelity TradeStation
IRA Annual Fee info $0.00 $35.00
IRA Closure Fee info $0.00 $50.00
Account Transfer Out (Partial) info $0.00 $125.00
Account Transfer Out (Full) info $0.00 $125.00
Options Exercise Fee info $0.00 $14.95
Options Assignment Fee info $0.00 $5.95
Investment Options Fidelity TradeStation
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info Yes No
OTC Stocks info Yes Yes
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 No
Crypto Trading - Total Coins info 3 0
Mutual Funds (No Load) info 5843 800
Mutual Funds (Total) info 10000 4000
Bonds (US Treasury) info Yes Yes
Bonds (Corporate) info Yes Yes
Bonds (Municipal) info Yes Yes
Traditional IRAs info Yes Yes
Roth IRAs info Yes Yes
Advisor Services info Yes No
International Countries (Stocks) info 25 0
Order Types Fidelity TradeStation
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 Yes
Order Type - OCO info Yes Yes
Order Type - OTO info Yes Yes
Order Type - Broker Assisted info Yes Yes
Beginners Fidelity TradeStation
Education (Stocks) info Yes Yes
Education (ETFs) info Yes No
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 No
Paper Trading info No Yes
Videos info Yes Yes
Webinars info Yes Yes
Webinars (Archived) info Yes Yes
Progress Tracking info Yes No
Interactive Learning - Quizzes info Yes No
Stock Trading Apps Fidelity TradeStation
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 TradeStation
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info Yes No
Videos on Demand info Yes No
Stock Alerts info Yes Yes
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 TradeStation
Charting - After-Hours info Yes Yes
Charting - Can Turn Horizontally info Yes No
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 119 45
Charting - Study Customizations info Yes Yes
Charting - Stock Comparisons info Yes No
Trading Platforms Fidelity TradeStation
Active Trading Platform info Active Trader Pro TradeStation 10
Desktop Trading Platform info Yes Yes
Desktop Platform (Mac) info Yes No
Web Trading Platform info Yes Yes
Paper Trading info No Yes
Trade Journal info Yes No
Watch Lists - Total Fields info 92 341
Stock Chart Features Fidelity TradeStation
Charting - Adjust Trades on Chart info Yes Yes
Charting - Indicators / Studies info 129 294
Charting - Drawing Tools info 38 23
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 Yes
Charting - Custom Time Bars info Yes Yes
Charting - Automated Analysis info Yes Yes
Charting - Save Profiles info Yes Yes
Trade Ideas - Technical Analysis info Yes Yes
Charting - Study Customizations info 5 12
Charting - Custom Studies info No Yes
Day Trading Fidelity TradeStation
Streaming Time & Sales info Yes Yes
Streaming TV info Yes No
Direct Market Routing - Stocks info Yes Yes
Ladder Trading info No Yes
Trade Hotkeys info Yes Yes
Level 2 Quotes - Stocks info Yes Yes
Trade Ideas - Backtesting info Yes Yes
Trade Ideas - Backtesting Adv info No Yes
Short Locator info Yes Yes
Order Liquidity Rebates info No Yes
Research Overview Fidelity TradeStation
Research - Stocks info Yes Yes
Research - ETFs info Yes Yes
Research - Mutual Funds info Yes No
Research - Pink Sheets / OTCBB info Yes Yes
Research - Bonds info Yes No
Screener - Stocks info Yes Yes
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 TradeStation
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 TradeStation
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 No
ETFs - Ratings info Yes No
ETFs - Morningstar StyleMap info Yes No
ETFs - PDF Reports info Yes No
Mutual Fund Research Fidelity TradeStation
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 Yes
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 TradeStation
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 29
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 TradeStation
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 TradeStation
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 TradeStation
Overall 5/5 Stars 4/5 Stars
Range of Investments 5/5 Stars 4.5/5 Stars
Platforms & Tools 4.5/5 Stars 4.5/5 Stars
Mobile Trading Apps 5/5 Stars 4.5/5 Stars
Research 5/5 Stars 2/5 Stars
Education 5/5 Stars 3/5 Stars
Ease Of Use 5/5 Stars 4.5/5 Stars
Winner check_circle
Review Fidelity Review TradeStation Review
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