Comparison Fidelity vs Tastyworks
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Fidelity vs Tastyworks. Is Fidelity or Tastyworks a better online broker?
First of all, we’ll compare the commission fees of the two brokers. The commission fee of Fidelity on regular transactions of the stock exchange is $4.95, and Tastyworks has a commission fee of $0. When analyzing trading options, the commission fees of Fidelity is $4.95 + $0.65, and that one of Tastyworks is $1. You can read more detailed information on commission fees in the online broker reviews.
It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading are provided to customers by Fidelity and Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Futures Trading are provided by Tastyworks. As for platforms, Fidelity offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while Tastyworks offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App.
In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. Fidelity was established in 1946 in United States, and it is regulated by SEC, FINRA, FCA (UK). And Tastyworks was established in 2017 in United States, and it is regulated by FINRA, NFA and SIPC. We can withdraw funds from Fidelity with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $10 (Bank Wire). And Tastyworks provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is $25-45. The time for withdrawal in Fidelity is immediate (Bank Wire), and that one in Tastyworks is 3 business days.
Overall, Fidelity boasts 4.3 stars versus Tastyworks 4 stars.