Tradestation vs Fidelity Comparison: Fees, Features, and More (2026)
Tradestation and Fidelity are two leading discount brokerages offering commission-free stock and ETF trading. Use this head-to-head comparison table to evaluate fees, features, trading tools, and account options to help you decide which broker is right for you in 2026.
| Feature | Tradestation | Fidelity |
|---|---|---|
| Website | https://www.tradestation.com/ | https://www.fidelity.com/ |
| Broker Type | Discount | Full-service |
| Trading: Stock & ETF? | Yes | Yes |
| ETF & Stock commission | $0; routing/clearing fees may apply | $0 online US stocks/ETFs |
| Fractional Shares? | No | Yes (7,000+ US stocks/ETFs, $1 min) |
| Percent Allocations? | No | Yes (Fidelity Basket Portfolios) |
| Crypto Trading? | Yes | Yes, via Fidelity Crypto® (BTC, ETH, SOL, LTC, FIDD) for US retail; also crypto ETPs in brokerage. |
| Crypto Fees | Tiered maker/taker pricing based on account balance | 1% of executed market value on buys/sells (Fidelity Crypto®/IRAs); none on FIDD vs USD. |
| Options Trading? | Yes | Yes |
| Options Fee | $0.80/contract standard tier; $0.40/contract multi-leg | $0 commission + $0.65/contract online; $0 for buy-to-close ≤$0.65. Extra fees for some indexes/pros. |
| Bond Trading Available? | Yes; Treasuries, corporate, and municipal bonds | Yes; $0 online for new issues/US Treasuries; $1 per bond secondary (caps apply). |
| Receives payment for order flow (PFOF)? | Yes | Yes (receives PFOF on equities from wholesalers and on options). |
| Interface: Web trading? | Yes | Yes (Fidelity.com web; Fidelity Investments iOS/Android app; Fidelity Trader+). |
| Desktop trading? | Yes; TradeStation Desktop/Web/Mobile | Yes (Fidelity Trader+ Desktop, PC/Mac; Active Trader Pro Classic also available) |
| API Trading? | Yes; TradeStation WebAPI and FIX APIs | No (no official public retail trading API) |
| Mutual Funds: Offered? | Yes | Yes |
| Total Mutual Funds | Over 2,000 | Over 10,000 |
| NTF Mutual Funds | Not publicly stated | Thousands (all Fidelity funds plus many NTF third-party) |
| Non-NTF Fund Fee | $14.95 | $49.95 per purchase (some up to $100); $0 redemption |
| Early Redemption Fee? | Varies by fund | No ($49.95 Fidelity short-term fee on most NTF funds held <60 days) |
| Redemption Hold (Days) | Fund-specific | 60 days (NTF FundsNetwork non-Fidelity funds) |
| Early Redemption Fee | Fund-specific | $49.95 online (NTF funds held <60 days) |
| Accounts: Margin Accounts? | Yes | Yes |
| IRAs Offered? | Yes; Traditional, Roth, SEP, SIMPLE, and Rollover | Yes (traditional, Roth, SEP) |
| HSAs Offered? | No | Yes |
| Money Market Sweep? | No | Yes |
| CDs Offered? | No | Yes (brokered CDs) |
| Robo-Advisor: Offered | No | Yes |
| Robo-Advisor Service | None | Fidelity Go |
| Robo-Advisor Fees | Not applicable | $0 under $25,000; 0.35%/yr for $25,000+ |
| Basics: Headquarters | Plantation, FL | Boston, MA |
| Year Founded | 1982 | 1946 |
| Clearing Firm | TradeStation Securities, Inc. (self-clearing) | National Financial Services LLC |
| Local Branches? | No; corporate offices only | Yes, ~215 U.S. Investor Centers |
| New Account Minimum | $0 |
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