The StockBrokers.com 2017 Brokerage Review assessed 16 different brokers over six months, surfacing the best online stock brokers
. This review compares ChoiceTrade vs TradeStation Securities. Is ChoiceTrade or TradeStation Securities a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. ChoiceTrade and TradeStation Securities have equal fees for trading stocks (equities), $5 per trade. With options, the base fee is $5 for both ChoiceTrade and TradeStation Securities. Option contracts run $0.50 a piece at both brokerages. Note that some brokers charge a per-share fee instead of a flat-fee commission. For a full breakdown of commissions, read our online broker reviews
For our next comparison of these two brokers, being able to trade the way you want is a must. TradeStation Securities provides its clients with Stock Trading, Options Trading, Mutual Funds and Futures Trading while ChoiceTrade provides clients access to Stock Trading, Options Trading and Mutual Funds. When it comes to mutual funds, TradeStation Securities boasts an offering of 4854 mutual funds compared to ChoiceTrade's 500 available funds. Commission free ETFs can also be a nice plus, which for investors means access to 0 commission free ETFs at both brokers.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. ChoiceTrade alongside TradeStation Securities offer virtual trading. For mobile trading, TradeStation Securities supports the iPhone App, iPad App and Android App while ChoiceTrade supports the none of these. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Unfortunately, Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are not available at ChoiceTrade or TradeStation Securities . On the whole, when it comes to tools, research, and mobile trading, TradeStation Securities finished with awards Best in Class - Platforms & Tools in 2017, while ChoiceTrade came up with none of these.
Overall, TradeStation Securities takes the upper hand with 3.50 stars over ChoiceTrade's 2.00 stars.