Is E*TRADE better than TradeStation? After testing 15 of the best online brokers over five months, E*TRADE (91.53%) is better than TradeStation (82.4%). Founded in 1982 as one of the first online brokerages in the United States, E*TRADE understands what investors need to succeed in the market. E*TRADE highlights include $0 trades, two excellent mobile apps, and the Power E*TRADE platform, which is great for options trading.
StockBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure
E*TRADE vs TradeStation 2020
|
|
|
|
Promo Offer
$0 Commissions for online stock, ETF, & options trades. Join E*TRADE today! Open Account
|
Promo Offer
Commission-Free Trades on Stocks, ETFs & Options Trades Open Account
|
|
| Open Account | Open Account |
Overall Rating
| Feature | E*TRADE | TradeStation |
| Overall | ||
| E*TRADE Review | TradeStation Review |
Trading Fees
| Feature | E*TRADE | TradeStation |
| Minimum Deposit | $0.00 | $0.00 |
| Stock Trade Fee (per trade) | $0.00 | $0.00 |
| ETF Trade Fee | $0.00 | $0.00 |
| Options Base Fee | $0.00 | $0.00 |
| Options Per Contract Fee | $0.65 | $0.50 |
| Mutual Fund Trade Fee | $19.99 | $14.95 |
| Broker Assisted Trades Fee | $25.00 | $50.00 |
| Commissions & Fees | ||
| Winner | check_circle |
Margin Rates
| Feature | E*TRADE | TradeStation |
| Under $24,999.99 | 8.95% | 9.50% |
| $25,000.00 to $49,999.99 | 8.45% | 9.50% |
| $50,000.00 to $99,999.99 | 7.95% | 8.75% |
| $100,000.00 to $249,999.99 | 7.45% | 8.75% |
| $250,000.00 to $499,999.99 | 6.95% | 8.75% |
| $500,000.00 to $999,999.99 | 6.45% | 5.50% |
| Above $1,000,000.00 | 5.45% | 5.50% |
| Commissions & Fees | ||
| Winner | check_circle |
Account Fees
| Feature | E*TRADE | TradeStation |
| IRA Annual Fee | $0.00 | $35.00 |
| IRA Closure Fee | $60.00 | $50.00 |
| Returned ACH Fee | $0.00 | $25.00 |
| Returned Wire Fee | $0.00 | $25.00 |
| Stock Certificate Processing Fee | $0.00 | $150.00 |
| Stock Certificate Delivery Fee | $75.00 | $15.00 |
| Paper Statement Fee | $2.00 | $1.00 |
| Paper Confirmation Fee | $0.00 | $1.00 |
| Domestic Wire Fee | $25.00 | $25.00 |
| International Wire Fee | $25.00 | $35.00 |
| Commissions & Fees |
Investment Options
| Feature | E*TRADE | TradeStation |
|
Stock Trading |
Yes | Yes |
|
Fractional Shares |
No | No |
|
OTCBB / Pink Sheets |
Yes | Yes |
|
Options Trading |
Yes | Yes |
|
Complex Options Max Legs |
4 | 4 |
|
Futures Trading |
Yes | Yes |
|
Forex Trading |
No | No |
| Commission-Free ETFs | all | all |
|
Mutual Funds (No Load) |
6663 | 887 |
|
Mutual Funds (Total) |
9291 | 4357 |
|
Bonds (US Treasury) |
Yes | Yes |
|
Bonds (Corporate) |
Yes | Yes |
|
Bonds (Municipal) |
Yes | Yes |
|
Interest Sharing |
No | Yes |
|
Advisor Services |
Yes | No |
|
International Trading |
No | No |
| Offering of Investments | ||
| Winner | check_circle |
Order Types
| Feature | E*TRADE | TradeStation |
|
Order Type - Market |
Yes | Yes |
|
Order Type - Limit |
Yes | Yes |
|
Order Type - Stop |
Yes | Yes |
|
Order Type - Trailing Stop |
Yes | Yes |
|
Order Type - Contingent |
Yes | Yes |
|
Order Type - MultiContingent |
No | Yes |
|
Order Type - OCO |
Yes | Yes |
|
Order Type - OTO |
Yes | Yes |
|
Order Type - OTOCO |
Yes | Yes |
| Offering of Investments | ||
| Winner | check_circle |
Trading Platforms
| Feature | E*TRADE | TradeStation |
|
Desktop Platform (Windows) |
No | Yes |
|
Desktop Platform (Mac) |
No | No |
|
Web Platform |
Yes | Yes |
|
Paper Trading |
Yes | Yes |
|
Trade Journal |
No | No |
|
Watch Lists - Total Fields |
125 | 335 |
|
Heat Mapping |
No | No |
|
AI Assistant Bot |
No | No |
| Platforms & Tools | ||
| Winner | check_circle |
Charting Features
| Feature | E*TRADE | TradeStation |
|
Charting - Trade Off Chart |
Yes | Yes |
|
Charting - Indicators / Studies |
119 | 285 |
|
Charting - Drawing Tools |
32 | 23 |
|
Charting - Historical Trades |
Yes | Yes |
|
Charting - Corporate Events |
Yes | No |
|
Charting - Automated Analysis |
Yes | No |
|
Charting - Save Profiles |
Yes | Yes |
|
Charting - Study Customizations |
6 | 12 |
|
Charting - Custom Studies |
No | Yes |
| Platforms & Tools | ||
| Winner | check_circle |
Day Trading
| Feature | E*TRADE | TradeStation |
|
Stock Alerts - Basic Fields |
Yes | Yes |
|
Stock Alerts - Advanced Fields |
No | Yes |
|
Streaming Time & Sales |
Yes | Yes |
|
Streaming TV |
Yes | No |
|
Direct Market Routing - Stocks |
Yes | Yes |
|
Direct Market Routing - Options |
Yes | Yes |
|
Ladder Trading |
No | Yes |
|
Trade Hot Keys |
Yes | Yes |
|
Level 2 Quotes - Stocks |
Yes | Yes |
|
Level 2 Quotes - Options |
Yes | Yes |
|
Trade Ideas - Backtesting |
No | Yes |
|
Short Locator |
No | Yes |
|
Order Liquidity Rebates |
No | Yes |
| Winner | check_circle |
Mobile Trading Apps
| Feature | E*TRADE | TradeStation |
|
iPhone App |
Yes | Yes |
|
Android App |
Yes | Yes |
|
Apple Watch App |
Yes | No |
|
Trading - Stocks |
Yes | Yes |
|
Trading - After-Hours |
Yes | Yes |
|
Trading - Conditional Orders |
Yes | Yes |
|
Trading - Mutual Funds |
Yes | No |
|
Trading - Simple Options |
Yes | Yes |
|
Trading - Complex Options |
Yes | Yes |
|
Trading - Option Rolling |
No | No |
|
Touch / Face ID |
Yes | Yes |
| Winner | check_circle |
Mobile App Features
| Feature | E*TRADE | TradeStation |
|
Watch List Syncing |
Yes | Yes |
|
Stock Alerts |
Yes | Yes |
|
Charting - After Hours |
Yes | Yes |
|
Charting - Drawing |
No | Yes |
|
Charting - Study Customizations |
Yes | Yes |
|
Heatmapping |
No | No |
|
Stream Live TV |
Yes | No |
|
Barcode Lookup |
Yes | No |
| Mobile Trading | ||
| Winner | check_circle |
Research Overview
| Feature | E*TRADE | TradeStation |
|
Research - Stocks |
Yes | Yes |
|
Research - ETFs |
Yes | Yes |
|
Research - Mutual Funds |
Yes | No |
|
Research - Pink Sheets / OTCBB |
Yes | Yes |
|
Research - Fixed Income |
Yes | No |
|
Screener - Stocks |
Yes | Yes |
|
Screener - ETFs |
Yes | No |
|
Screener - Mutual Funds |
Yes | No |
|
Screener - Options |
Yes | Yes |
|
Screener - Bonds |
Yes | No |
|
Misc - Portfolio Builder |
Yes | No |
|
Misc - Portfolio Allocation |
Yes | No |
| Research | ||
| Winner | check_circle |
Stock Research
| Feature | E*TRADE | TradeStation |
|
Stock Research - Reports |
5 | 0 |
|
Stock Research - Earnings |
Yes | No |
|
Stock Research - Insiders |
Yes | No |
|
Stock Research - Metric Comp |
No | No |
|
Stock Research - SEC Filings |
Yes | No |
|
Stock Research - Social |
Yes | No |
|
Stock Research - Balance Sheet |
Yes | No |
|
Stock Research - Cash Flows |
Yes | No |
|
Stock Research - News |
Yes | Yes |
|
Stock Research - ESG |
No | No |
| Research | ||
| Winner | check_circle |
ETF Research
| Feature | E*TRADE | TradeStation |
|
ETFs - Strategy Overview |
Yes | No |
|
ETFs - Top 10 Holdings |
Yes | No |
|
ETFs - Sector Exposure |
Yes | No |
|
ETFs - Risk Analysis |
Yes | No |
|
ETFs - Performance Analysis |
Yes | No |
|
ETFs - Ratings |
Yes | No |
|
ETFs - Morningstar StyleMap |
Yes | No |
|
ETFs - Reports |
Yes | No |
| Research | ||
| Winner | check_circle |
Mutual Fund Research
| Feature | E*TRADE | TradeStation |
|
Mutual Funds - Strategy Overview |
Yes | No |
|
Mutual Funds - Prospectus |
Yes | No |
|
Mutual Funds - Reports |
Yes | No |
|
Mutual Funds - Fees Breakdown |
Yes | No |
|
Mutual Funds - Top 10 Holdings |
Yes | No |
|
Mutual Funds - Asset Allocation |
Yes | No |
|
Mutual Funds - Sector Allocation |
Yes | No |
|
Mutual Funds - Country Allocation |
Yes | No |
|
Mutual Funds - StyleMap |
Yes | No |
|
Mutual Funds - 3rd Party Ratings |
Yes | No |
| Research | ||
| Winner | check_circle |
Options Trading
| Feature | E*TRADE | TradeStation |
|
Option Chains - Streaming |
Yes | Yes |
|
Option Chains - Total Columns |
30 | 32 |
|
Option Chains - Greeks |
5 | 5 |
|
Option Chains - Quick Analysis |
Yes | Yes |
|
Option Analysis - P&L Charts |
Yes | Yes |
|
Option Probability Analysis |
Yes | Yes |
|
Option Probability Analysis Adv |
Yes | Yes |
|
Option Positions - Greeks |
Yes | Yes |
|
Option Positions - Adv Analysis |
Yes | Yes |
|
Option Positions - Rolling |
Yes | Yes |
|
Option Positions - Grouping |
Yes | Yes |
| Platforms & Tools | ||
| Winner | check_circle |
Beginners
| Feature | E*TRADE | TradeStation |
|
Education (Stocks) |
Yes | Yes |
|
Education (ETFs) |
Yes | No |
|
Education (Options) |
Yes | Yes |
|
Education (Mutual Funds) |
Yes | No |
|
Education (Fixed Income) |
Yes | No |
|
Education (Retirement) |
Yes | No |
|
Paper Trading |
Yes | Yes |
|
Videos |
Yes | Yes |
|
Webinars (Monthly Avg) |
12 | 0 |
|
Webinars (Archived) |
Yes | Yes |
|
Live Seminars |
Yes | Yes |
|
Progress Tracking |
No | No |
|
Interactive Learning - Quizzes |
Yes | No |
|
Investor Magazine |
No | Yes |
| Education | ||
| Winner | check_circle |
Banking
| Feature | E*TRADE | TradeStation |
|
Retail Locations |
30 | 0 |
|
Member FDIC |
Yes | No |
|
Checking Accounts |
Yes | No |
|
Savings Accounts |
Yes | No |
|
Credit Cards |
No | No |
|
Debit Cards |
Yes | No |
|
Mortgage Loans |
No | No |
|
No Fee Banking |
No | No |
| Banking |
Overall
| Feature | E*TRADE | TradeStation |
| E*TRADE Review | TradeStation Review | |
| Overall | ||
| Winner | check_circle |
Comparing brokers side by side is no easy task. For our 2020 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Let's compare E*TRADE vs TradeStation.
Is E*TRADE or TradeStation better for beginners?
E*TRADE is better for beginner investors than TradeStation. E*TRADE offers investors access to Paper Trading, Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Fixed Income) and Education (Retirement).
What about E*TRADE vs TradeStation pricing?
E*TRADE and TradeStation have equal fees for trading stocks (equities), $0 per trade. For options trading, both E*TRADE and TradeStation charge the same base fee of $0. Each option contract then costs $0.65 at E*TRADE and $0.50 at TradeStation. For a complete commissions summary, see our best discount brokers guide.
Does E*TRADE or TradeStation offer a wider range of investment options?
TradeStation offers a more diverse selection of investment options than E*TRADE. TradeStation offers investors access to Stock Trading, OTCBB / Pink Sheets, Options Trading, Mutual Funds and Futures Trading. Looking at Mutual Funds, E*TRADE offers its clients access to 9291 different mutual funds while TradeStation has 4357 available funds, a difference of 4,934.
Which trading platform is better: E*TRADE or TradeStation?
To compare the trading platforms of both E*TRADE and TradeStation, 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. Checking Accounts, Savings Accounts and Debit Cards are available to clients of E*TRADE while TradeStation offers customers none of these.
Overall, between E*TRADE and TradeStation, E*TRADE is the better online broker.
Related Comparisons
- E*TRADE vs. Charles Schwab
- E*TRADE vs. Fidelity
- E*TRADE vs. Merrill Edge
- E*TRADE vs. TD Ameritrade
- TradeStation vs. Interactive Brokers
- TradeStation vs. Lightspeed
- TradeStation vs. TD Ameritrade
All pricing data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. 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.
