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The comparison reads the same evidence fields used by broker profiles, so users can scan scores, regulation, costs, platforms, withdrawals, and caveats side by side.

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TradeStation

tradestation.com

Stock BrokerETF BrokerMutual Fund
Fidelity

fidelity.com

Stock BrokerETF BrokerETF
Decision summary
Overall score
83
91
Trust score
86
100
Cost score
78
89
Platform score
92
94
Withdrawal score
80
89
Best for
active stock and ETF traders · complex options traders · futures traders
Evidence supports Fidelity as a U.S.-focused, highly regulated multi-asset broker for stocks, ETFs, mutual funds, bonds/CDs, options, cash management, managed portfolios, and sepa…
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Trust & regulation
Regulators
TradeStation Securities is a broker-dealer registered with the SEC, an FCM registered with the CFTC, a member of FINRA and NFA, and a member of SIPC for securities accounts.
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Fidelity Brokerage Services LLC is SEC registered and regulated by FINRA; FBS and NFS are members of NYSE and SIPC.
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License numbers
FINRA BrokerCheck lists TRADESTATION SECURITIES, INC. with CRD#: 39473 / SEC#: 8-48711.
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FBS CRD# 7784 / SEC# 8-23292; NFS CRD# 13041 / SEC# 801-50706, 8-26740.
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Regulated entities
TradeStation Securities, Inc. is the U.S. broker-dealer/futures commission merchant; official disclosures also name TradeStation Europe B.V., TradeStation International Ltd and TradeStation Technologies, Inc. as TradeStation Group subsidiaries operating under the brand.
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Primary securities brokerage entities are Fidelity Brokerage Services LLC (FBS) and National Financial Services LLC (NFS), each member NYSE/SIPC; advisory and crypto entities differ by product.
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Negative balance protection
No negative balance protection was found; official margin disclosures say margin customers can lose more funds than they deposit, and futures risk disclosures say futures losses can be substantial and could exceed margin requirements.
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Not applicable/not disclosed as a CFD-style negative balance protection policy; margin trading can create debt/interest obligations.
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Investor compensation
SIPC plus excess Lloyd's coverage for securities accounts; futures accounts rely on CFTC/NFA segregation rules rather than SIPC.
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SIPC coverage up to $500,000/$250,000 cash plus Fidelity excess SIPC; FDIC sweep coverage may apply to eligible cash programs; important exclusions apply.
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Restricted countries
No official country-by-country eligibility or restricted-countries list was found in the checked official pages. Contact page distinguishes United States, International, and Europe support paths and points non-U.S. prospects to TradeStation International/Europe sites.
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U.S.-persons focused; sanctioned countries/prohibited parties restricted; no exhaustive country availability list found.
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Costs & account conditions
Minimum deposit
Standard account minimum deposit was not found in official pages checked. Promotional pricing requires at least $5,000 net-new external assets; futures options opening transactions require $5,000 minimum start-of-day equity; margin/short stock requires $2,000 to open and maintain positions.
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$0 to open a retail brokerage account; Fidelity states no account minimum and ability to invest with as little as $1; exceptions apply by account/product.
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Spread from
Not applicable to the core listed securities/futures brokerage pricing model; TradeStation pricing is commission, exchange, routing, clearing, market-data and service-fee based rather than advertised spread-based. No forex/CFD spread schedule found.
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Not applicable to Fidelity's core U.S. stock/ETF brokerage model; securities trade by exchange/market prices rather than quoted CFD/FX spreads.
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Commission
Tiered active-trader pricing: U.S. stocks/ETFs $0; options, futures, futures options, mutual funds and fixed income have product-specific fees with exceptions for direct routing, OTC/sub-dollar, exchange/regulatory, clearing and service fees.
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$0 online U.S. stock and ETF trades; $0 online options commission plus $0.65/contract; other product/service fees apply.
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Maximum leverage
Equities margin may provide intraday buying power up to 4x margin excess and overnight buying power up to 2x; futures margin is product-specific and can change, with advertised low intraday margins for select contracts.
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No universal maximum leverage ratio disclosed for Fidelity retail brokerage; margin borrowing is available subject to approval and margin requirements/rates rather than a single max leverage figure.
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Deposit fee
Receiving wires $0; returned ACH/check $25. ACH deposit fees were not otherwise disclosed in public pages checked.
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$0 Fidelity fee for EFT and Fidelity does not charge wire fees; external banks may charge.
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Withdrawal fee
Wire withdrawal/service fees vary by domestic/international and account type; outgoing account transfer $125; DTC receive/deliver $25 per issue.
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$0 Fidelity fee for EFT and domestic bank wire withdrawals; foreign exchange wire up to 3% of principal; receiving bank may charge.
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Inactivity fee
Inactivity fee $10/month for equities and futures accounts, waived if minimum activity/account-balance criteria are met.
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No explicit inactivity-fee line found in official fee schedule; official account pages state no retail brokerage account fees/no account or subscription fees. Treat as needs manual confirmation before publishing as '$0 inactivity fee'.
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Markets, platforms & payments
Tradable assets
Official product/pricing pages support stocks, ETFs/ETPs, options, futures, futures options, mutual funds, treasuries and fixed income; crypto exposure is via futures/ETPs/market data rather than current spot crypto brokerage.
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Stocks, ETFs, mutual funds, options, crypto, fixed income, bonds and CDs; Fidelity says stocks include domestic and international.
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Trading platforms
Advanced platform suite includes TITAN X, desktop, web, mobile, FuturesPlus, APIs and simulator/analytics tools.
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Fidelity.com, Fidelity mobile app, Fidelity Trader+ Web/Desktop/Mobile mode, and legacy Active Trader Pro Classic.
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Account types
Individual & joint, retirement, entity and institutional accounts; product pages enumerate individual/joint/custodial, IRA variants, and entity structures.
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Broad account menu including taxable brokerage, retirement/IRA, cash management, HSA, custodial/youth, education, trust/business, managed and crypto accounts.
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Deposit methods
Funding page points to equities, futures and futures-options funding instructions; contact/service-fee pages indicate ACH/Smart Transfer and wire transfers are supported, with transfer and DTC-related service fees listed.
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EFT/ACH, bank wire, check/mobile check, direct deposit, recurring deposit, Fidelity-to-Fidelity/account transfer, transfer of assets, and eligible payment apps.
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Withdrawal methods
ACH/Smart Transfer and wires supported; check withdrawals suspended indefinitely.
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EFT/ACH, bank wire, paper check, Fidelity-to-Fidelity transfers, third-party/person-to-person transfers and eligible debit card/ATM access.
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Withdrawal processing time
Not disclosed in the checked public official pages; likely varies by method/account and should be manually confirmed in account funding/HUB instructions.
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EFT withdrawals 1-3 business days; bank wire same day if submitted by 4 p.m. ET; paper check about 5-6 days.
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