Fidelity IRA vs Tradestation IRA

Fidelity: best if you want

Fidelity offers a wide selection of low-cost investment options on an ultra-user-friendly online platform. They offer a variety of low-fee transactions including no-fee stock and ETF trades online, making them a good choice for cost-conscious investors. Fidelity equips customers with access to research that, while not as detailed as some competitors, is enough to help investors make educated investment decisions regarding retirement planning.

With $7.8 trillion in assets under management (AUM), Fidelity is the largest provider of retirement savings accounts in the US. Their size has allowed them to build a product that serves the needs of most Americans and has allowed them to build one of the best-tested and most user-friendly trading platforms available.

TradeStation: best if you want

TradeStation offers a professional-level trading platform with an individual retirement account (IRA) option for the advanced investor. From stocks, ETFs, mutual funds, options trading, futures, cryptocurrency, and bonds, TradeStation offers investment options that will appeal to a wide variety of investors, especially those who prioritize diversification. TradeStation’s platform includes access to heavy-duty tools, including data feeds, charts, and more.

Fidelity: other features

As one of the largest brokers in the country, Fidelity offers a wide selection of investments including annuities and 529 plans. In addition, investing at Fidelity means you may be eligible for other benefits, such as a Fidelity Rewards Signature Visa card. The Signature Visa card comes with a $0 annual fee and can help you earn up to 2% cash back, which can be deposited into an eligible Fidelity investment account (including IRAs!).

TradeStation: other features

TradeStation offers a few heavy-duty trading platforms that stand out amongst IRA providers, including a desktop, web trading, mobile app, and futures trading platform. The platforms connect directly to stock, options, and futures market centers to deliver a high degree and speed of execution. Additionally, TradeStation’s tools source from a massive database and offer options to customize your experience.

Conclusion

Fidelity is a good option for many investors. Their platform is easy to use and offers a wide selection of low-cost investment options. It’s also an easy option if you’re looking to perform a 401(k) rollover. As with most self-serve investment accounts, it’s important for investors to check their accounts regularly to ensure their retirement portfolio still meets their needs.

If you’re looking to fund your new Fidelity IRA with a 401(k) rollover, Capitalize can help. We’ve made it our mission to make this process easier for everyone. We can handle the entire process for you. Most of the process can be done online and our rollover experts will guide you through any of the manual parts. Get started with your 401(k) rollover in just a few minutes.

TradeStation is a serious platform with a strong history for the advanced investor. If you’re looking for access to a robust set of data feeds and tools, along with perks like no account minimums or annual management fees, TradeStation may be a great provider for your new IRA.

If you’re looking to fund your new TradeStation IRA with a 401(k) rollover, Capitalize can help. We’ve made it our mission to make this process easier for everyone. We can handle the entire process for you. Most of the process can be done online and our rollover experts will guide you through any of the manual parts. Get started with your 401(k) rollover in just a few minutes.