StockBrokers.com is committed to the highest ethical standards and reviews services independently. Learn how we make money.

TradeStation vs eToro 2022

StockBrokers.com

Written by StockBrokers.com

November 02, 2022

Is TradeStation better than eToro? After testing 15 of the best online brokers over six months, E*TRADE (92.52%) is better than TradeStation (73.22%). Founded in 1982 as one of the first online brokerages in the United States, E*TRADE highlights include $0 trades, two excellent mobile apps and the Power E*TRADE platform, which is great for beginners, active trading and options trading.

Select Brokers×
Overall RatingTradeStationeToroE*TRADE
Overall4 Stars3 Stars5 Stars
Commissions & Fees4.5 Stars4 Stars4.5 Stars
Investment Options4.5 Stars2 Stars5 Stars
Platforms & Tools4.5 Stars2.5 Stars4.5 Stars
Mobile Trading Apps4.5 Stars2.5 Stars5 Stars
Research2 Stars2.5 Stars4.5 Stars
Customer Service2 StarsN/A4.5 Stars
Education3.5 Stars3.5 Stars4.5 Stars
Ease Of Use4.5 Stars4 Stars5 Stars
Winnercheck_circle
ReviewTradeStation RevieweToro ReviewE*TRADE Review
Trading FeesTradeStationeToroE*TRADE
Minimum Deposit$0.00$10.00$0.00
Stock Trades$0.00$0.00$0.00
Penny Stock Fees (OTCCB)$0.00N/A$6.95
Mutual Fund Trade Fee$14.95N/A$19.99
Options (Base Fee)$0.00N/A$0.00
Options (Per Contract)$0.60N/A$0.65
Futures (Per Contract)$1.50N/A$1.50
Broker Assisted Trade Fee$0$0$25
Margin RatesTradeStationeToroE*TRADE
Margin Rate Under $24,999.9911.00%N/A11.95%
Margin Rate $25,000.00 to $49,999.9911.00%N/A11.45%
Margin Rate $50,000.00 to $99,999.9910.00%N/A10.95%
Margin Rate $100,000.00 to $249,999.9910.00%N/A10.45%
Margin Rate $250,000.00 to $499,999.9910.00%N/A9.95%
Margin Rate $500,000.00 to $999,999.995.50%N/A9.45%
Margin Rate Above $1,000,000.005.50%N/A8.45%
Account FeesTradeStationeToroE*TRADE
IRA Annual Fee$35.00N/A$0.00
IRA Closure Fee$50.00N/A$0.00
Account Transfer Out (Partial)$125.00N/A$25.00
Account Transfer Out (Full)$125.00N/A$75.00
Options Exercise Fee$14.95N/A$0.00
Options Assignment Fee$5.95N/A$0.00
Investment OptionsTradeStationeToroE*TRADE
Stock TradingYesYesYes
Margin TradingYesNoYes
Fractional SharesNoYesNo
OTCBB / Pink SheetsYesNoYes
Options TradingYesNoYes
Complex Options Max Legs404
Futures TradingYesNoYes
Forex TradingNoNoNo
Crypto TradingYesYesNo
Crypto Trading - Total Coins11260
Mutual Funds (No Load)80006486
Mutual Funds (Total)400007242
Bonds (US Treasury)YesNoYes
Bonds (Corporate)YesNoYes
Bonds (Municipal)YesNoYes
Advisor ServicesNoNoYes
International Countries (Stocks)000
Order TypesTradeStationeToroE*TRADE
Order Type - MarketYesYesYes
Order Type - LimitYesNoYes
Order Type - After HoursYesNoYes
Order Type - StopYesYesYes
Order Type - Trailing StopYesYesYes
Order Type - OCOYesNoYes
Order Type - OTOYesNoYes
Order Type - Broker AssistedYesNoYes
BeginnersTradeStationeToroE*TRADE
Education (Stocks)YesYesYes
Education (ETFs)NoNoYes
Education (Options)YesNoYes
Education (Mutual Funds)NoNoYes
Education (Bonds)NoNoYes
Education (Retirement)NoNoYes
Retirement CalculatorNoNoYes
Investor DictionaryNoNoYes
Paper TradingYesYesYes
VideosYesYesYes
WebinarsYesNoYes
Webinars (Archived)NoNoYes
Progress TrackingNoNoNo
Interactive Learning - QuizzesNoNoYes
Stock Trading AppsTradeStationeToroE*TRADE
iPhone AppYesYesYes
Android AppYesYesYes
Apple Watch AppYesNoYes
Trading - StocksYesYesYes
Trading - After-HoursYesNoYes
Trading - Simple OptionsYesNoYes
Trading - Complex OptionsYesNoYes
Order Ticket RT QuotesYesYesYes
Order Ticket SRT QuotesYesYesYes
Stock App FeaturesTradeStationeToroE*TRADE
Market Movers (Top Gainers)YesYesYes
Stream Live TVNoNoYes
Videos on DemandNoNoNo
Stock AlertsYesYesYes
Option Chains ViewableYesNoYes
Watch List (Real-time)YesYesYes
Watch List (Streaming)YesYesYes
Watch Lists - Create & ManageYesYesYes
Watch Lists - Column CustomizationYesNoYes
Watch Lists - Total Fields335795
Stock App ChartingTradeStationeToroE*TRADE
Charting - After-HoursYesNoYes
Charting - Can Turn HorizontallyYesNoYes
Charting - Multiple Time FramesYesYesYes
Charting - Technical Studies45510
Charting - Study CustomizationsYesYesYes
Charting - Stock ComparisonsNoNoYes
Trading PlatformsTradeStationeToroE*TRADE
Active Trading PlatformTradeStation 10N/APower E*TRADE
Desktop Trading PlatformYesNoNo
Desktop Platform (Mac)NoNoNo
Web Trading PlatformYesYesYes
Paper TradingYesYesYes
Trade JournalNoNoNo
Watch Lists - Total Fields335795
Stock Chart FeaturesTradeStationeToroE*TRADE
Charting - Adjust Trades on ChartYesNoYes
Charting - Indicators / Studies29046119
Charting - Drawing Tools231331
Charting - NotesYesYesYes
Charting - Index OverlaysYesYesYes
Charting - Historical TradesYesNoYes
Charting - Corporate EventsYesNoYes
Charting - Custom Date RangeYesNoYes
Charting - Custom Time BarsYesNoNo
Charting - Automated AnalysisYesNoYes
Charting - Save ProfilesYesYesYes
Trade Ideas - Technical AnalysisYesYesYes
Charting - Study Customizations1256
Charting - Custom StudiesYesNoNo
Day TradingTradeStationeToroE*TRADE
Streaming Time & SalesYesYesYes
Streaming TVNoNoYes
Direct Market Routing - StocksYesNoYes
Ladder TradingYesNoNo
Trade Hot KeysYesNoYes
Level 2 Quotes - StocksYesNoYes
Trade Ideas - BacktestingYesNoNo
Trade Ideas - Backtesting AdvYesNoNo
Short LocatorYesNoNo
Order Liquidity RebatesYesNoNo
Research OverviewTradeStationeToroE*TRADE
Research - StocksYesYesYes
Research - ETFsYesYesYes
Research - Mutual FundsNoNoYes
Research - Pink Sheets / OTCBBYesNoYes
Research - BondsNoNoYes
Screener - StocksYesNoYes
Screener - ETFsNoNoYes
Screener - Mutual FundsNoNoYes
Screener - BondsNoNoYes
Misc - Portfolio AllocationYesNoYes
Stock ResearchTradeStationeToroE*TRADE
Stock Research - PDF Reports006
Stock Research - EarningsNoYesYes
Stock Research - InsidersNoYesYes
Stock Research - SocialNoYesYes
Stock Research - NewsYesYesYes
Stock Research - ESGNoYesNo
Stock Research - SEC FilingsNoYesYes
ETF ResearchTradeStationeToroE*TRADE
ETFs - Strategy OverviewNoYesYes
ETF Fund Facts - Inception DateNoNoYes
ETF Fund Facts - Expense RatioNoNoYes
ETF Fund Facts - Net AssetsNoNoYes
ETF Fund Facts - Total HoldingsNoNoYes
ETFs - Top 10 HoldingsNoNoYes
ETFs - Sector ExposureNoNoYes
ETFs - Risk AnalysisNoNoYes
ETFs - RatingsNoYesYes
ETFs - Morningstar StyleMapNoNoYes
ETFs - PDF ReportsNoNoYes
Mutual Fund ResearchTradeStationeToroE*TRADE
Mutual Funds - Strategy OverviewNoNoYes
Mutual Funds - Performance ChartNoNoNo
Mutual Funds - Performance AnalysisNoNoYes
Mutual Funds - ProspectusNoNoYes
Mutual Funds - 3rd Party RatingsNoNoYes
Mutual Funds - Fees BreakdownNoNoYes
Mutual Funds - Top 10 HoldingsNoNoYes
Mutual Funds - Asset AllocationNoNoYes
Mutual Funds - Sector AllocationNoNoYes
Mutual Funds - Country AllocationNoNoYes
Mutual Funds - StyleMapNoNoYes
Options TradingTradeStationeToroE*TRADE
Option Chains - Basic ViewYesNoYes
Option Chains - Strategy ViewYesNoYes
Option Chains - StreamingYesNoYes
Option Chains - Total Columns32031
Option Chains - Greeks505
Option Chains - Quick AnalysisYesNoYes
Option Analysis - P&L ChartsYesNoYes
Option Probability AnalysisYesNoYes
Option Probability Analysis AdvYesNoYes
Option Positions - GreeksYesNoYes
Option Positions - Greeks StreamingYesNoYes
Option Positions - Adv AnalysisYesNoYes
Option Positions - RollingYesNoYes
Option Positions - GroupingYesNoYes
BankingTradeStationeToroE*TRADE
Bank (Member FDIC)NoNoYes
Checking AccountsNoNoYes
Savings AccountsNoNoYes
Credit CardsNoNoYes
Debit CardsNoNoYes
Mortgage LoansNoNoYes
Customer ServiceTradeStationeToroE*TRADE
Phone Support (Prospect Customers)YesNoYes
Phone Support (Current Customers)NoNoYes
Email SupportYesYesYes
Live Chat (Prospect Customers)YesYesNo
Live Chat (Current Customers)YesYesYes
24/7 SupportNoNoYes
OverallTradeStationeToroE*TRADE
Overall4 Stars3 Stars5 Stars
Commissions & Fees4.5 Stars4 Stars4.5 Stars
Investment Options4.5 Stars2 Stars5 Stars
Platforms & Tools4.5 Stars2.5 Stars4.5 Stars
Mobile Trading Apps4.5 Stars2.5 Stars5 Stars
Research2 Stars2.5 Stars4.5 Stars
Education3.5 Stars3.5 Stars4.5 Stars
Ease Of Use4.5 Stars4 Stars5 Stars
Winnercheck_circle
ReviewTradeStation RevieweToro ReviewE*TRADE 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_boxTD Ameritrade
  • check_box_outline_blankcheck_boxTradeStation
  • check_box_outline_blankcheck_boxTradier
  • check_box_outline_blankcheck_boxVanguard
  • check_box_outline_blankcheck_boxWebull
Compare 0 of 5
arrow_upward

TradeStation vs eToro Comparison

Comparing brokers side by side is no easy task. For our 2022 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Let's compare TradeStation vs eToro.

Is TradeStation or eToro better for beginners?

E*TRADE offers more comprehensive new investor education for beginner investors than TradeStation. 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 N/A 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, OTCBB / Pink Sheets, Mutual Funds and Futures Trading, while eToro offers investors access to Stock Trading and Fractional Shares, 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, E*TRADE offers superior market research. Finally, we found E*TRADE 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?

As a trading technology leader, TradeStation supports casual traders through its web-based platform and active traders through its award-winning desktop platform, all with $0 stock and ETF trades.

Is eToro good?

eToro bills itself as a social trading platform, and that is exactly what you get. It’s a combination of Twitter and trading that will appeal to those who are most interested in learning how to trade cryptocurrencies or joining a community with crypto as the focus. 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: E*TRADE

Read Next

Explore our other online trading guides:


Was this helpful?
Yes or No

close