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TradeStation Securities vs ChoiceTrade Review

Brandon Reinkensmeyer

Published by Brandon Reinkensmeyer


Thursday, May 25th, 2017

Comparing brokers side by side is no easy task. For our 2017 Broker Review, we factored in 308 different variables to assess 16 different brokers. So when taking a look at ChoiceTrade vs TradeStation Securities, there is a huge database of information available to us.

To start this comparison, first we will take a look at the broker commission rates for placing regular stock and options trades. ChoiceTrade and TradeStation Securities both cost $5 per trade. For options trading, both ChoiceTrade and TradeStation Securities charge the same base fee of $5. Contracts cost $0.50 each at both brokerages. Not all brokers charge a flat rate fee per trade though, so it is important to read the full commission notes to know the complete breakdown (go to any online broker review page, then scroll to the "Commissions Notes" section).

Next to commission rates, being able to trade the instrument you want is important. TradeStation Securities provides its clients with Stock Trading, Options Trading, Mutual Funds and Futures Trading while ChoiceTrade gives clients access to Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, TradeStation Securities boasts an offering of 4854 compared to ChoiceTrade's 500 available funds. Commission free ETFs also should not be forgotten, which is a wash in this comparison as both ChoiceTrade and TradeStation Securities offer 0 funds.

Lastly, taking a look at popular features and functionality, we can go a bit deeper to really break down the difference of both brokers. ChoiceTrade and TradeStation Securities both have virtual trading. Taking a look at mobile trading, TradeStation Securities offers the iPhone App, iPad App and Android App while ChoiceTrade offers the none of these. Not to be left out, online banking is also a nice benefit for many investors, and some brokerages provide these services to clients. Neither ChoiceTrade nor TradeStation Securities offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans. On the whole, when it comes to tools, research, and trading on the go, TradeStation Securities was rated for Best in Class - Platforms & Tools in 2014, while ChoiceTrade was rated for none of these.

Overall, TradeStation Securities boasts 3.50 stars versus ChoiceTrade's 2.00 stars.
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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
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
ChoiceTrade
ChoiceTrade Review
 
2
4
3
1
1
3
0.5
0.5
1
1
0.5
 
$5.00
$5.00
$0.50
$25.00
$25.00
$0.00
No
No
 
Yes
Yes
Yes
No
No
 
No
Yes
Yes
0
20
11
4
 
No
No
No
No
No
 
No
No
No
No
No
 
0
235
500
2500
0
 
7.45%
7.45%
7.45%
7.45%
7.45%
7.45%
7.45%
 
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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