My review on Fidelity Active Trader Pro Trading Platform
December 14, 2021
My review on Fidelity Active Trader Pro Trading Platform
Score 10 out of 10
Vetted Review
Verified User
Overall Satisfaction with Active Trader Pro (Fidelity Investments)
I use this software daily to track my investments as well as buy/sell stocks and mutual funds. I love the simplicity of it!
- Customizable to display information the way I want to see it.
- Clean, straightforward interface to let me quickly access information from cursory overview to detailed tax information.
- Equipped with good security measures.
- Very user friendly.
- The software has some nice features, including watch lists, market news, alerts, and real-time balances. The program also displays tax-lot information in real-time. There are advanced options tools as well. Active Trader Pro is able to submit up to 20 orders at once using a multi-order ticket.
- Active Trader Pro has many available features. Alerts can be set, watch lists can be created, and market news can be followed. Balances are shown in real-time. Each of these elements can be assigned to its own window. Tax-lot info can be shown in real-time as well. A multi-order trading ticket can submit 20 orders at once. Up to 50 orders can be built and saved.
- Currently, it only allows up to 50 positions to display on one screen, if it could expand to more than 50 positions so that people who have more than 50 positions in their portfolio can display the entire portfolio on one screen.
- Some of the views start out the same way every time you load the software, where it would make more sense to start where you left off last time.
- It frequently changes your trade strategy with poor defaults and is very clunky (not streamlined) to use.
- Quickly identify entry and exit points using advanced interactive charting - with one click, view advanced technical analysis, including support and resistance, stops, classic patterns, events, anticipated events.
- Trade more efficiently with Active Trader Pro shortcuts. Pre-fill trade tickets by selecting the Bid or Ask price from a range of tools including Quotes, Watch List, Positions, Filters, and Option Chain. Double-click on a position symbol to update.
- Views on linked tools such as quotes, charts, and news. Link up to 5 different sets of tools. Powerful right-click and action menus let you quickly access tools or pre-fill a trade ticket.
- Use advanced tools for options trading. Streaming option chain features visual, volume, open interest histogram and ex-dividend and earnings indicator, profit and loss analysis, call and put ratio, and time decay charts.
- Fidelity requires 36 trades in a consecutive 12-month period to use Active Trader Pro. The broker recently started allowing its customers to try out the program on a trial basis if they don't meet this requirement. There is no other requirement or cost for the Active Trader Pro platform.
- There is no additional fee to use the Active Trader Pro Trading Platform.
Unlike Active Trader Pro, TD Ameritrade's advanced desktop platform thinkorswim has no frequent trader requirements. It is also very advanced, boasting 400 technical studies and 20 drawing tools. It offers paper money, a practice mode. Forex and futures can also be traded on thinkorswim. There are many useful features on thinkorswim, such as heat maps, live streaming of CNBC, an economic calendar, alerts, and more. thinkorswim is tailored to more sophisticated traders and it is not that user-friendly compared to Active Trader Pro.
Do you think Fidelity Active Trader Pro delivers good value for the price?
Yes
Are you happy with Fidelity Active Trader Pro's feature set?
Yes
Did Fidelity Active Trader Pro live up to sales and marketing promises?
Yes
Did implementation of Fidelity Active Trader Pro go as expected?
Yes
Would you buy Fidelity Active Trader Pro again?
Yes