TradeStation vs eToro Comparison
Comparing brokers side by side is no easy task. We spend hundreds of hours each year testing the platforms, mobile apps, trading tools and general ease of use among online brokerages, as well as comparing commissions and fees, to find the best online broker.
Though many U.S. brokers offer basic trading features, such as an app, charting tools, stock research and educational content, the depth of those features can vary widely. Let's compare TradeStation vs eToro.
Is TradeStation or eToro better for beginners?
In stock trading, the more you know, the better you’ll do. Taking advantage of resources like articles, webinars, videos and interactive elements is a great way to shorten the learning curve. In our analysis, we examine the availability of several different types of educational materials.
For 2023, our review finds that TradeStation offers more comprehensive new investor education for beginning 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 futures, TradeStation charges $1.50 per contract and eToro charges (Not offered) per contract. For a deeper dive, see our best brokers for free stock trading guide.
Does TradeStation or eToro offer a wider range of investment options?
Looking at a full range of investment options, including order types and international trading, our research has found that TradeStation offers a more comprehensive offering than eToro. TradeStation ranks #5 out of 17 brokers for our Investment Options category, while eToro ranks #17.
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.
Do TradeStation and eToro offer cryptocurrency?
In our analysis of top U.S. brokerages, we research whether each broker offers the ability to trade cash cryptocurrency, such as bitcoin and ethereum. Though crypto has risen steadily in popularity, availability still varies from broker to broker. Our review finds that both TradeStation and eToro offer crypto trading.
Which trading platform is better: TradeStation or eToro?
To compare the day trading platforms of TradeStation and eToro, we focused on trading tools and functionality across both web and desktop-based platforms. Popular day trading platform tools include streaming real-time quotes, stock alerts, trading hotkeys, direct market routing, streaming time and sales, customizable watch lists, backtesting, and fully functional charting packages, among many others. For day trading, TradeStation offers a better experience.
Does TradeStation or eToro offer a better stock trading app?
After testing 25 features across the stock trading apps of TradeStation and eToro, we found TradeStation to be better overall. The best stock market apps are easy to use, have excellent design, and deliver a fully featured online trading experience. TradeStation ranks #10 out of 17 brokers, while eToro ranks #15.
TradeStation Trading App Gallery
eToro Trading App Gallery
Which broker is better for researching stocks?
For research, TradeStation offers superior market research than eToro. TradeStation ranks #11 and eToro ranks #12.
Over the years, we've found that the best brokers provide rich market commentary, a variety of third-party research reports, and thorough quote screens that are not just easy to navigate, but that also include a comprehensive selection of fundamental data. Robust stock, ETFs, and mutual fund screeners are also must-haves for trade idea generation.
How do TradeStation and eToro compare in terms of minimum deposit required?
TradeStation requires a minimum deposit of $0.00, while eToro requires a minimum deposit of $10.00. From our testing, we found that SoFi is the only broker that requires a minimum deposit.
Which broker offers better margin rates for accounts under $25,000?
TradeStation charges 13.50% for accounts under $25,000 while eToro charges a margin rate of Varies. The industry average of the 17 brokers we track is 11%.
Does TradeStation offer fractional shares? Does eToro?
Fractional shares are not offered by either broker. Our research has found that 41% of brokers offer fractional shares investing. Fractional shares allow traders to buy a part of a whole share of stock. For example, if Amazon is trading at $1,000, you could buy half a share for $500.
Can you trade penny stocks with TradeStation or eToro?
Neither TradeStation nor eToro allow you to trade penny stocks. Penny stocks are companies whose shares trade for under $5 and are listed over the counter (OTC). For brokers that do offer penny stock trades, the average commission is $3.
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.
Which broker offers stronger customer service?
StockBrokers.com partners with customer experience research group Confero to conduct phone tests from locations across the United States to thoroughly evaluate the quality and speed of brokerage customer service. (Read more about How We Test.) Here are the results of our current testing.
TradeStation was rated 10th out of 14 brokers, with an overall score of 7.5 out of 10.
eToro’s customer service could not be tested or rated due to the fact it does not offer phone support for prospective customers.
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.
In the 2023 StockBrokers.com Annual Review, TradeStation ranked among Best in Class for Commission & Fees, Investment Options, Active Trading, Futures Trading, and Penny Stocks. TradeStation also won one StockBrokers.com Industry Award: No. 1 for Crypto Technology.
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.
In the 2023 StockBrokers.com Annual Review, eToro ranked among Best in Class for Investor Community.
TradeStation vs eToro Winner
Overall winner: TradeStation
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