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TradeStation vs eToro 2023

StockBrokers.com

Written by StockBrokers.com

February 23, 2023

Is TradeStation better than eToro? After testing 17 of the best online brokers over three months, TradeStation (78.24%) is better than eToro (72.74%). TradeStation supports casual traders through its web-based platform and active traders through its desktop platform. We like the web-based platform and mobile app, but the flagship desktop platform could use a refresh. TradeStation ranked among Best in Class in the Commissions and Fees and Investment Options categories in our 2023 Annual Review of online stockbrokers.

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Overall RatingTradeStationeToro
Overall 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4.5/5 Stars 2.5/5 Stars
Platforms & Tools 4.5/5 Stars 3.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 3.5/5 Stars
Research 3/5 Stars 3/5 Stars
Customer Service 3.5/5 Stars N/A
Education 3.5/5 Stars 2.5/5 Stars
Ease Of Use 3/5 Stars 4/5 Stars
Winner check_circle
Review TradeStation Review eToro Review
Trading FeesTradeStationeToro
Minimum Deposit $0.00 $10.00
Stock Trades $0.00 $0.00
Penny Stock Fees (OTC) $0.00 N/A
Mutual Fund Trade Fee $14.95 N/A
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.60 $0.00
Futures (Per Contract) $1.50 N/A
Broker Assisted Trade Fee $0 $0
Margin RatesTradeStationeToro
Margin Rate Under $25,000 11.00% Varies
Margin Rate $25,000 to $49,999.99 11.00% Varies
Margin Rate $50,000 to $99,999.99 10.00% Varies
Margin Rate $100,000 to $249,999.99 10.00% Varies
Margin Rate $250,000 to $499,999.99 10.00% Varies
Margin Rate $500,000 to $999,999.99 5.50% Varies
Margin Rate Above $1,000,000 5.50% Varies
Account FeesTradeStationeToro
IRA Annual Fee $35.00
IRA Closure Fee $50.00
Account Transfer Out (Partial) $125.00
Account Transfer Out (Full) $125.00
Options Exercise Fee $14.95 $0.00
Options Assignment Fee $5.95 $0.00
Investment OptionsTradeStationeToro
Stock Trading Yes Yes
Margin Trading Yes No
Fractional Shares No Yes
OTC Stocks Yes No
Options Trading Yes Yes
Complex Options Max Legs 4 0
Futures Trading Yes No
Forex Trading No No
Crypto Trading Yes Yes
Crypto Trading - Total Coins 11 26
Mutual Funds (No Load) 800 0
Mutual Funds (Total) 4000 0
Bonds (US Treasury) Yes No
Bonds (Corporate) Yes No
Bonds (Municipal) Yes No
Advisor Services No No
International Countries (Stocks) 0 0
Order TypesTradeStationeToro
Order Type - Market Yes Yes
Order Type - Limit Yes No
Order Type - After Hours Yes No
Order Type - Stop Yes Yes
Order Type - Trailing Stop Yes Yes
Order Type - OCO Yes No
Order Type - OTO Yes No
Order Type - Broker Assisted Yes No
BeginnersTradeStationeToro
Education (Stocks) Yes Yes
Education (ETFs) No No
Education (Options) Yes No
Education (Mutual Funds) No No
Education (Bonds) No No
Education (Retirement) No No
Retirement Calculator No No
Investor Dictionary No No
Paper Trading Yes Yes
Videos Yes Yes
Webinars Yes No
Webinars (Archived) No No
Progress Tracking No No
Interactive Learning - Quizzes No No
Stock Trading AppsTradeStationeToro
iPhone App Yes Yes
Android App Yes Yes
Apple Watch App Yes No
Trading - Stocks Yes Yes
Trading - After-Hours Yes No
Trading - Simple Options Yes Yes
Trading - Complex Options Yes No
Order Ticket RT Quotes Yes Yes
Order Ticket SRT Quotes Yes Yes
Stock App FeaturesTradeStationeToro
Market Movers (Top Gainers) Yes Yes
Stream Live TV No No
Videos on Demand No No
Stock Alerts Yes Yes
Option Chains Viewable Yes Yes
Watch List (Real-time) Yes Yes
Watch List (Streaming) Yes Yes
Watch Lists - Create & Manage Yes Yes
Watch Lists - Column Customization Yes No
Watch Lists - Total Fields 335 7
Stock App ChartingTradeStationeToro
Charting - After-Hours Yes No
Charting - Can Turn Horizontally Yes No
Charting - Multiple Time Frames Yes Yes
Charting - Technical Studies 45 5
Charting - Study Customizations Yes Yes
Charting - Stock Comparisons No No
Trading PlatformsTradeStationeToro
Active Trading Platform TradeStation 10 N/A
Desktop Trading Platform Yes No
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Paper Trading Yes Yes
Trade Journal No No
Watch Lists - Total Fields 335 7
Stock Chart FeaturesTradeStationeToro
Charting - Adjust Trades on Chart Yes No
Charting - Indicators / Studies 290 46
Charting - Drawing Tools 23 13
Charting - Notes Yes Yes
Charting - Index Overlays Yes Yes
Charting - Historical Trades Yes No
Charting - Corporate Events Yes No
Charting - Custom Date Range Yes No
Charting - Custom Time Bars Yes No
Charting - Automated Analysis Yes No
Charting - Save Profiles Yes Yes
Trade Ideas - Technical Analysis Yes Yes
Charting - Study Customizations 12 5
Charting - Custom Studies Yes No
Day TradingTradeStationeToro
Streaming Time & Sales Yes Yes
Streaming TV No No
Direct Market Routing - Stocks Yes No
Ladder Trading Yes No
Trade Hot Keys Yes No
Level 2 Quotes - Stocks Yes No
Trade Ideas - Backtesting Yes No
Trade Ideas - Backtesting Adv Yes No
Short Locator Yes No
Order Liquidity Rebates Yes No
Research OverviewTradeStationeToro
Research - Stocks Yes Yes
Research - ETFs Yes Yes
Research - Mutual Funds No No
Research - Pink Sheets / OTCBB Yes No
Research - Bonds No No
Screener - Stocks Yes No
Screener - ETFs No No
Screener - Mutual Funds No No
Screener - Bonds No No
Misc - Portfolio Allocation Yes No
Stock ResearchTradeStationeToro
Stock Research - PDF Reports 0 0
Stock Research - Earnings No Yes
Stock Research - Insiders No Yes
Stock Research - Social No Yes
Stock Research - News Yes Yes
Stock Research - ESG No Yes
Stock Research - SEC Filings No Yes
ETF ResearchTradeStationeToro
ETFs - Strategy Overview No Yes
ETF Fund Facts - Inception Date No No
ETF Fund Facts - Expense Ratio No No
ETF Fund Facts - Net Assets No No
ETF Fund Facts - Total Holdings No No
ETFs - Top 10 Holdings No No
ETFs - Sector Exposure No No
ETFs - Risk Analysis No No
ETFs - Ratings No Yes
ETFs - Morningstar StyleMap No No
ETFs - PDF Reports No No
Mutual Fund ResearchTradeStationeToro
Mutual Funds - Strategy Overview No No
Mutual Funds - Performance Chart No No
Mutual Funds - Performance Analysis No No
Mutual Funds - Prospectus No No
Mutual Funds - 3rd Party Ratings No No
Mutual Funds - Fees Breakdown No No
Mutual Funds - Top 10 Holdings No No
Mutual Funds - Asset Allocation No No
Mutual Funds - Sector Allocation No No
Mutual Funds - Country Allocation No No
Mutual Funds - StyleMap No No
Options TradingTradeStationeToro
Option Chains - Basic View Yes Yes
Option Chains - Strategy View Yes No
Option Chains - Streaming Yes No
Option Chains - Total Columns 32 0
Option Chains - Greeks 5 4
Option Chains - Quick Analysis Yes Yes
Option Analysis - P&L Charts Yes No
Option Probability Analysis Yes No
Option Probability Analysis Adv Yes No
Option Positions - Greeks Yes No
Option Positions - Greeks Streaming Yes No
Option Positions - Adv Analysis Yes No
Option Positions - Rolling Yes No
Option Positions - Grouping Yes No
BankingTradeStationeToro
Bank (Member FDIC) No No
Checking Accounts No No
Savings Accounts No No
Credit Cards No No
Debit Cards No No
Mortgage Loans No No
Customer ServiceTradeStationeToro
Phone Support (Prospect Customers) Yes No
Phone Support (Current Customers) No No
Email Support Yes Yes
Live Chat (Prospect Customers) Yes Yes
Live Chat (Current Customers) Yes Yes
24/7 Support No No
OverallTradeStationeToro
Overall 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4.5/5 Stars 2.5/5 Stars
Platforms & Tools 4.5/5 Stars 3.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 3.5/5 Stars
Research 3/5 Stars 3/5 Stars
Education 3.5/5 Stars 2.5/5 Stars
Ease Of Use 3/5 Stars 4/5 Stars
Winner check_circle
Review TradeStation Review eToro Review
  • check_box_outline_blankcheck_boxAlly Invest
  • check_box_outline_blankcheck_boxCharles Schwab
  • check_box_outline_blankcheck_boxE*TRADE
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxFidelity
  • check_box_outline_blankcheck_boxFirstrade
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxJ.P. Morgan Self-Directed Investing
  • check_box_outline_blankcheck_boxMerrill Edge
  • check_box_outline_blankcheck_boxRobinhood
  • check_box_outline_blankcheck_boxSofi Invest
  • check_box_outline_blankcheck_boxtastytrade
  • check_box_outline_blankcheck_boxTD Ameritrade
  • check_box_outline_blankcheck_boxTradeStation
  • check_box_outline_blankcheck_boxTradier
  • check_box_outline_blankcheck_boxVanguard
  • check_box_outline_blankcheck_boxWebull

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TradeStation vs eToro Comparison

Comparing brokers side by side is no easy task. For our 2023 annual broker review, we spent hundreds of hours assessing 17 brokerages to find the best online broker. Let's compare TradeStation vs eToro.

Is TradeStation or eToro better for beginners?

TradeStation offers more comprehensive new investor education for beginner investors than eToro. TradeStation offers investors access to Paper Trading, Videos, Education (Stocks) and Education (Options), while eToro offers investors access to Paper Trading, Videos and Education (Stocks). Neither have Education (ETFs), Education (Mutual Funds), Education (Bonds) and Education (Retirement).

What about TradeStation vs eToro pricing?

TradeStation and eToro charge the same amount for regular stock trades, $0.00. Option contracts are pricier at TradeStation, costing $0.60 per contract versus $0.00 per contract at eToro. For a complete commissions summary, see our best brokers for free stock trading guide.

Does TradeStation or eToro offer a wider range of investment options?

TradeStation offers investors access to Stock Trading, Options Trading, OTC Stocks, Mutual Funds and Futures Trading, while eToro offers investors access to Stock Trading, Fractional Shares and Options Trading. Neither have Forex Trading and Advisor Services. Looking at Mutual Funds, TradeStation and eToro both provide customers access to 0 no transaction fee (NTF) mutual funds.

Which trading platform is better: TradeStation or eToro?

To compare the trading platforms of TradeStation and eToro, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, TradeStation offers a better experience. With research, TradeStation offers superior market research. Finally, we found TradeStation to provide better mobile trading apps.

Does either broker offer banking?

Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Neither TradeStation nor eToro offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans. Neither have Mortgage Loans.

Is TradeStation good?

TradeStation supports casual traders through its web-based platform and active traders through its desktop platform. We like the web-based platform and mobile app, but the flagship desktop platform could use a refresh. TradeStation ranked among Best in Class in the Commissions and Fees and Investment Options categories in our 2023 Annual Review of online stockbrokers.

Is eToro good?

Though its offerings have some limitations, eToro's approach will appeal to those interested in learning how to trade crypto or joining a crypto-focused community. The scope currently is limited in the U.S., so those looking for more advanced trading or trading a variety of underlyings will want to look elsewhere.

TradeStation vs eToro Winner

Overall winner: TradeStation

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Reink Media Group is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.

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