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Fidelity vs Trade Nation : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

Fidelity

Fidelity

VS
Trade Nation

Trade Nation

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Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

STP broker

Market maker

Years of Existence / Established Year

1946

2014

Customer Base / Number of Accounts

51.4 million

No information


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Regulation & Security

Regulations (governing bodies)

SEC, MSRB, FINRA

FCA, ASIC, FSA, SCB, and FSCA

Awards Won (count for the last 2 years)

Best Online Broker for Beginning Investors 2024, Rated #1 for Overall Broker 2024, Best Online Broker 2023

Best Global MT4 broker, Best Trading Platform 2023, Best Spread Betting Provider 2024

Security Measures

FDIC , SIPC

No

SSL Encryption / 2FA

Yes

Yes

Segregated Funds

Yes* Restriction for some clients

Yes

Negative Balance Protection

No

Yes


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Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

10000+ mutual funds including fixed income, CDs, Annuities, life insurance, long-term Care Planning, 529 Plans IRAs, Health Savings Account

1000+ assets types

Currency Pairs

No

Yes

Commodities

No

Yes

Indices

No

Yes

Cryptocurrencies

Yes

Yes

CFDs

No

Yes

ETFs

Yes

No

Stocks

Yes

Yes

Options

Yes

No

Futures

No

No

Bonds

Yes

No

Mutual Funds

Yes

No

Fractional Shares

Yes

No

Exchange Traded Notes (ETNs)

No

No

Precious Metals

No

No

Real Estate Investment Trusts (REITs)

No

No

Equities

Yes

No


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Trading Platforms & Technology

Trading Platform Availability

Yes

Yes

MT4

No

Yes

MT5

No

No

cTrader

No

No

Social Trading

No

Yes

Copy Trading

No

Yes

Other Trading Platforms (proprietary, etc.)

Trading dashboard, Fidelity mobile, Active Trader Pro

TN trader

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Yes


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Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

Fidelity® Cash Management Account., The Fidelity Account, Individual Retirement Account (IRA), 529 College Savings Account., Fidelity HSA, Custodial Account (UGMA/UTMA)

Standard and Professional

Demo Account (Yes/No)

Yes

Yes

Islamic Accounts (Yes/No)

No

Yes

Minimum Deposit

$0

$0

Leverage Available

No

1:5 to 1:200

Trade Limit (maximum per trade)

Depends on assets class

Depends on asset types

Commission (per account type)

$0

$0

Best Suited For (e.g., beginners, experienced traders)

Beginners and experienced traders

Beginner to experienced traders


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Deposit & Withdrawal Options

Deposit Methods

ATM/debit card, Deposits eligible for FDIC insurance, Cash Manager, Fidelity Mobile, Bill Pay, Check writing, Automatic investments, Automatic withdrawals, Direct deposit, Electronic funds transfer (EFT), e-wallets

Credit and debit cards, e-wallets, bank transfers, cryptocurrency, and some local payment methods

Withdrawal Methods

Electronic funds transfer (EFT), Bank wire, Paper check, Paper bill varies by account types

Credit and debit cards, e-wallets, bank transfers, cryptocurrency, and some local payment methods

Other E-Wallets Supported

Venmo or PayPal

Skrill, Neteller, Crypto, Grab Pay, M Pesa


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Tools & Educational Resources

Economic Calendar

No

Yes

Tools & Educational Resources (tutorials, webinars, market news, etc.)

Research and Tools, Investment Education, Webinars and Online Courses, Market News and Insights, Retirement and Planning Tools

Trading Academy Online Courses, Market Insights and Analysis, Webinars, Trading Guides and eBooks, Video Tutorials, Trader's Blog Market News and Updates


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Fees & Commissions

Trading-Related Fees

Commission for U.S stocks, ETFs, Options- $0, Mutual funds- $49.95, Crypto spread- 1.0 pip, Margin liquidation -$32.95 per liquidation, Stock certificate transfer and ship $10 Per Certificate

Commission-$0

Spread (typical, fixed, variable)

NA

Fixed

Per Lot Fees

NA

NA

Options Contract Fees

$0.65/ Contract fee

NA

Futures Contract Fees

NA

NA

Markup Fees on Spread

NA

NA

Guaranteed Stop Loss Fees

NA

NA

Maximum Leverage

No

1:200


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Non-Trading Fees

Dormant Fees

$0

$0

Subscription Fees (for premium features, data feeds)

NA

NA

Advisory Fees

NA

NA

Swap Fees (Overnight Financing)

NA

Yes

Statement or Document Fee

NA

NA

Account Opening Fee

$0

NA

Account Maintenance Fee

$0

NA

Deposit Fee

$0

$0

Currency Conversion Fee

$50/ per trade

NA

Withdrawal Fee

Wire transfer-$3

$0


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Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

No

Yes

Customer Benefits (e.g., Retirement Plan)

Yes

No


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Trading Hours

Trading Hours (for each asset class if applicable)

Premarket session -7:00 a.m. to 9:28 a.m. ET.

Forex- 24 hours a day, five days a week, Stocks- Monday through Friday from 9:30 a.m. to 4 p.m. ET, typically closed on weekends and U.S. national holidays


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Customer Support

Support Hours (e.g., 24/7, weekdays only)

8:30 a.m. - 8:30 p.m. ET , Monday- Friday

24/5

Customer Support Methods (phone, email, live chat)

Phone: 800-343-0860, 800-835-5095, Live chat, Login for personalized help, FAQs

Email: [email protected], Phone: +44 (0) 203 180 5952, Live chat

Support Languages

2

19+


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Additional Information

Headquarters Location

Boston, MA

9th Floor, 30 Crown Place, London, EC2A 4ES, United Kingdom

Complaints (for crypto brokers)

No

No


At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.
Fidelity is known for competitive pricing on basic trades, especially for beginners. However, Trade Nation fee structure, though slightly higher, covers a broader range of services, making it more suitable for active traders.
The account creation flow at Fidelity is modern and app-driven, making it seamless for new users. Trade Nation, however, leans toward traditional processes with forms and verifications that take more time.
New traders may find Fidelity interface more welcoming, while Trade Nation appeals to experienced users looking for tools like heatmaps, screeners, and market sentiment overlays.
Advanced users will enjoy Fidelity capabilities, but Trade Nation remains a favorite for its streamlined and beginner-centric approach.