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Charles Schwab vs TradeStation Securities Review

Brandon Reinkensmeyer

Published by Brandon Reinkensmeyer


Thursday, June 1st, 2017

Using data from the StockBrokers.com 2017 Broker Rankings, we can compare Charles Schwab vs TradeStation Securities to determine which broker is better for you. Our database includes thousands of data points on everything from research to trading tools. Let's take a closer look at Charles Schwab and TradeStation Securities.

First we will break down the commission charges of both brokers for placing stock and options trades. TradeStation Securities, with its regular stock trades costing $5.00, is more expensive than Charles Schwab's rate of $4.95 per trade. Looking at trading options, Charles Schwab's base fee is $4.95 while TradeStation Securities's is $5.00. Each contract then costs $0.65 at Charles Schwab and $0.50 at TradeStation Securities for a difference in price of $0.15 per contract. Note that flat rate trading is not available everywhere though, so it is important to read the complete commission notes for each broker to know the full breakdown (go to any stock broker review page, then scroll down to the "Commission Notes" section).

Trading fees aside, having access to trade what you want is also an important consideration. Charles Schwab and TradeStation Securities provide clients with Stock Trading, Options Trading, Mutual Funds and Futures Trading. As far as mutual funds go, TradeStation Securities trails Charles Schwab by 311.00 total funds, with Charles Schwab offering 5165 and TradeStation Securities offering 4854. And, commission free ETFs deserve a mention, Charles Schwab offers 229 versus TradeStation Securities's total of 0.

Finally, by looking at the most popular features and offerings of each broker, we can really see the differences between the two. TradeStation Securities has virtual trading, Charles Schwab doesn't. For mobile trading, Both Charles Schwab and TradeStation Securities offer clients access to an iPhone App, iPad App and Android App. Online banking is also used by many clients, and multiple brokerages provide these services. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are offered by Charles Schwab while TradeStation Securities offers none of these. All things considered, when it comes to platform tools, research, and trading via smartphone, Charles Schwab was rated for Best in Class - Platforms & Tools and Best in Class - Research in 2014, while TradeStation Securities was rated for Best in Class - Platforms & Tools.

Overall, Charles Schwab comes out on top with 4.50 stars over TradeStation Securities's 3.50 stars.
There are no results to display, please adjust your filters or reset the Compare Tool.
Overall
Commissions & Fees
Offering of Investments
Platforms & Tools
Research
Customer Service
Mobile Trading
Ease of Use
Education
Order Execution
Banking
Stock Trade Fee (flat)
Options Base Fee
Options Per Contract Fee
Mutual Fund Trade Fee
Broker Assisted Trades Fee
Minimum Deposit
No Inactivity Fees
No Fee IRAs
Stock Trading
Options Trading
Mutual Funds
Forex Trading
Futures Trading
Desktop Platform (Windows)
Web Platform
Virtual Trading
Charting - Drawing Tools
Charting - Indicators / Studies
Option Chains - Total Columns
Watch Lists - Total Fields
iPhone App
iPad App
Android App
Android Tablet App
Apple Watch App
Trading - After-Hours
Trading - Mutual Funds
Trading - Conditional Orders
Trading - Simple Options
Trading - Complex Options
Commission Free ETFs
Mutual Funds (No Load)
Mutual Funds (Total)
# of Easy to Borrow Stocks
Retail Locations
Under $24,999.99
$25,000.00 to $49,999.99
$50,000.00 to $99,999.99
$100,000.00 to $249,999.99
$250,000.00 to $499,999.99
Above $1,000,000.00
$500,000.00 to $999,999.99
Checking Accounts
Savings Accounts
Credit Cards
Debit Cards
Mortgage Loans
No Fee Banking
Charles Schwab
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Special Offer Earn 500 commission-free trades for two years at Schwab. Open an account
Charles Schwab Review
 
4.5
3.5
4.5
4.5
5
4
4
4.5
4.5
4.5
4.5
 
$4.95
$4.95
$0.65
$76.00
$25.00
$1,000.00
Yes
Yes
 
Yes
Yes
Yes
No
Yes
 
Yes
Yes
No
15
40
34
94
 
Yes
Yes
Yes
No
Yes
 
Yes
Yes
No
Yes
Yes
 
229
5165
5165
5975
300
 
8.50%
8.00%
7.00%
6.88%
6.75%
6.25%
6.75%
 
Yes
Yes
Yes
Yes
Yes
Yes
TradeStation Securities
Special Offer Low Fees and Free Market Data. Trade with TradeStation. Learn More
TradeStation Securities Review
 
3.5
3.5
4
4.5
1
4.5
4
3.5
3
3.5
0.5
 
$5.00
$5.00
$0.50
$14.95
$20.00
$5,000.00
No
No
 
Yes
Yes
Yes
No
Yes
 
Yes
Yes
Yes
21
270
32
318
 
Yes
Yes
Yes
No
No
 
Yes
No
Yes
Yes
Yes
 
0
988
4854
2500
0
 
8.50%
8.25%
7.75%
7.75%
7.25%
6.75%
7.25%
 
No
No
No
No
No
No

All pricing data was obtained from a published web site as of 2/20/2017 and is believed to be accurate, but is not guaranteed. The StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.

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