Using data from our latest annual broker review which tested more than a dozen different online brokers
over six months, we can compare E*TRADE vs TradeStation Securities to determine which broker is best. Let's dive in.
First, we will break down the commission charges of both brokers for placing stock and options trades. E*TRADE charges $6.95 per stock trade which is $1.95 more than TradeStation Securities which charges customers $5.00 per trade. Looking at trading options, TradeStation Securities's base fee is $5.00 while E*TRADE's is $6.95. Each option contract then costs $0.75 at E*TRADE and $0.50 at TradeStation Securities. Instead of flat rate fees, several brokers charge a per-share fee instead. For a complete review of trading charges, read our full online broker reviews
Next, investors want to make sure they can trade the investment vehicle they want. E*TRADE alongside TradeStation Securities offer clients Stock Trading, Options Trading, Mutual Funds and Futures Trading. As far as mutual funds go, TradeStation Securities trails E*TRADE by 4,047 total mutual funds, with E*TRADE offering 8998 and TradeStation Securities offering 4951. And, commission free ETFs deserve a comparison, E*TRADE offers 156 commission free ETFs versus TradeStation Securities's total of 0.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. TradeStation Securities has virtual trading, E*TRADE doesn't. For mobile trading, Both E*TRADE and TradeStation Securities offer clients access to an iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Checking Accounts and Debit Cards are offered by E*TRADE while TradeStation Securities offers none of these. All factors considered, when it comes to platform tools, research, and mobile trading, E*TRADE finished with awards Best in Class - Research and Best in Class - Mobile Trading, while TradeStation Securities came up with Best in Class - Platforms & Tools.
Overall, E*TRADE boasts 4.00 stars versus TradeStation Securities's 3.50 stars.