Comparing brokers side by side is no easy task. For our annual broker review, we assess over a dozen brokers on hundreds of different variables to find the best online broker
. Yielding a database of over 4,000 data points, let's compare Chase You Invest Trade vs TradeStation.
To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. TradeStation, with its regular stock trades costing $5.00, is more expensive than Chase You Invest Trade's rate of $2.95 per trade. Looking at trading options, Chase You Invest Trade's base fee is $N/A while TradeStation's is $5. Each option contract then costs $N/A at Chase You Invest Trade and $0.50 at TradeStation. It's important to note that not all brokers charge a flat fee per trade. Thus, it is important to read the full commission notes for each broker, which we include with each online broker review
Next to commission rates, being able to trade what you want is important. Chase You Invest Trade supports Stock Trading and Mutual Funds while TradeStation supports Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, Chase You Invest Trade trails TradeStation by 1,657 total mutual funds, with TradeStation offering 4357 and Chase You Invest Trade offering 2700.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. TradeStation has virtual trading, Chase You Invest Trade doesn't. Taking a look at mobile trading, Chase You Invest Trade supports the iPhone App and Android App while TradeStation supports the iPhone App, iPad App and Android App. Not to be left out, online banking is also a nice benefit for many investors, and some brokerages provide these services to clients. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are available to clients of Chase You Invest Trade while TradeStation offers customers none of these. On the whole, when it comes to tools, research, and mobile trading, TradeStation finished with awards Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading, while Chase You Invest Trade came up with none of these.
Overall, between Chase You Invest Trade and TradeStation, TradeStation is the winner
Chase You Invest Trade Review