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Fidelityvs.tastytrade

Head-to-head comparison across ratings, fees, asset coverage, and platform breadth.

Fidelity logo

Fidelity

4.7 / 5

Best overall broker for long-term investors, retirement, mutual funds, and cash management. Industry-leading sweep yield, zero-expense-ratio funds, and no PFOF on equities.

Last reviewed May 13, 2026Data may be outdated — verify rates before acting
tastytrade logo

tastytrade

4.4 / 5

The #1 retail options broker in 2026. Industry-leading $1-to-open / $0-to-close pricing capped at $10/leg, purpose-built derivatives platform, and integrated Tastylive education. Avoid if you hold meaningful idle cash, want OTC, or are a buy-and-hold investor.

Last reviewed May 13, 2026Data may be outdated — verify rates before acting

Sub-rating overlap

Each broker scored 0–5 across the same 8 dimensions.

Detailed comparison

Green cells mark the winner on each metric. Tie rows are uncoloured.

MetricFidelitytastytradeWinner
OverallEditorial score4.70 / 54.40 / 5Fidelity
Sub-ratingsCommissions & fees4.604.60Tie
Sub-ratingsPlatforms & tools4.404.70tastytrade
Sub-ratingsMobile app5.004.20Fidelity
Sub-ratingsResearch5.003.50Fidelity
Sub-ratingsEducation5.005.00Tie
Sub-ratingsCustomer service4.904.00Fidelity
Sub-ratingsRange of investments4.203.50Fidelity
Sub-ratingsActive trading4.305.00tastytrade
PricingLowest margin rate7.50%8.00%Fidelity
PricingDefault cash sweep yield3.26%0.01%Fidelity
PricingPFOF on equitiesDoes not acceptAcceptsFidelity

Where they differ on asset coverage

Asset classFidelitytastytrade
US stocks (NYSE/Nasdaq/AMEX)Yes
OTC / penny stocksLimited
Fractional sharesYesNo
Options (up to Level 4)Yes
Mutual fundsYesNo
US TreasuriesYes
Corporate / muni bonds, CDsYes
IPOsLimitedNo
International directYes
Futures / futures optionsNo
Crypto (direct)LimitedYes
Spot crypto ETPsYes
24-hour overnight equity tradingNo
Precious metals (physical)Yes
US stocks (NYSE/Nasdaq)Yes
OTC / Pink Sheets / penny stocksNo
Equity options (single + multi-leg)Yes
Index options (SPX/NDX/RUT/XSP/VIX + Cboe Bitcoin/Mini Bitcoin US ETF Index)Yes
US Treasuries / bondsLimited
Futures (equity index, energy, metals, currency, rates, ag, livestock, crypto, volatility, micros)Yes
Options on futuresYes
International stocksNo
24/5 overnight equity tradingYes

Fidelity strengths

  • Only major broker with zero-expense-ratio index funds (FZROX, FZILX, FNILX, FZIPX)
  • Best automatic cash sweep — SPAXX 3.26% with no minimum or opt-in
  • No payment for order flow on equities; $24.50 price improvement per 1,000 shares
  • ~20 third-party research providers — broadest in retail brokerage
  • 24/7 phone, live chat, and 215+ in-person investor centers
  • NerdWallet Best App for Investing 5 years running (2022–2026)

tastytrade strengths

  • $1 to open / $0 to close, capped at $10/leg — unmatched at 15+ contracts; $0.50 round-trip per contract at scale
  • Industry-best options workflow: Curve mode with draggable strike legs, drag-and-drop chain to build verticals/condors/butterflies
  • Futures + options on futures with micros at $0.85/contract; CME Direct multi-leg integration (2025)
  • 23 cryptocurrencies via Zero Hash + stablecoin account funding (USDC/USDT/PYUSD/RLUSD; first major US broker, July 2025)
  • Tastylive: 8+ hours of live original options programming every weekday, free
  • Open API: public REST + WebSocket (DXLink/dxFeed), official JS SDK + community Python SDK