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TradeStation vs E*TRADE 2020

StockBrokers.com | January 21st, 2020

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  3. TradeStation vs E*TRADE Review

Is E*TRADE better than TradeStation? Based on 3,540 data points from our 2020 annual broker review, E*TRADE (91.53%) is better than TradeStation (82.4%).

E*TRADE

Best web platform

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. Read full review

TradeStation

Best platform technology - Open Account
Promo Offer: Commission-Free Trades on Stocks, ETFs & Options Trades

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. Read full review

Overall Rating

Feature TradeStation E*TRADE
Overall 4 4.5
TradeStation Review E*TRADE Review

Trading Fees

Feature TradeStation E*TRADE
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 $0.50 $0.65
Mutual Fund Trade Fee $14.95 $19.99
Broker Assisted Trades Fee $50.00 $25.00
Commissions & Fees 4.5 4.5
Winner check_circle

Margin Rates

Feature TradeStation E*TRADE
Under $24,999.99 9.50% 10.00%
$25,000.00 to $49,999.99 9.50% 9.75%
$50,000.00 to $99,999.99 8.75% 9.25%
$100,000.00 to $249,999.99 8.75% 8.75%
$250,000.00 to $499,999.99 8.75% 8.25%
$500,000.00 to $999,999.99 5.50% 7.75%
Above $1,000,000.00 5.50% 6.75%
Commissions & Fees 4.5 4.5
Winner check_circle

Account Fees

Feature TradeStation E*TRADE
IRA Annual Fee $35.00 $0.00
IRA Closure Fee $50.00 $60.00
Returned ACH Fee $25.00 $0.00
Returned Wire Fee $25.00 $0.00
Stock Certificate Processing Fee $150.00 $0.00
Stock Certificate Delivery Fee $15.00 $75.00
Paper Statement Fee $1.00 $2.00
Paper Confirmation Fee $1.00 $0.00
Domestic Wire Fee $25.00 $25.00
International Wire Fee $35.00 $25.00
Commissions & Fees 4.5 4.5

Investment Options

Feature TradeStation E*TRADE
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)
 887 6663
Mutual Funds (Total)
 4357 9291
Bonds (US Treasury)
 Yes Yes
Bonds (Corporate)
 Yes Yes
Bonds (Municipal)
 Yes Yes
Interest Sharing
 Yes No
Advisor Services
 No Yes
International Trading
 No No
Offering of Investments 4.5 4.5
Winner check_circle

Order Types

Feature TradeStation E*TRADE
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
 Yes No
Order Type - OCO
 Yes Yes
Order Type - OTO
 Yes Yes
Order Type - OTOCO
 Yes Yes
Offering of Investments 4.5 4.5
Winner check_circle

Trading Platforms

Feature TradeStation E*TRADE
Desktop Platform (Windows)
 Yes No
Desktop Platform (Mac)
 No No
Web Platform
 Yes Yes
Paper Trading
 Yes Yes
Trade Journal
 No No
Watch Lists - Total Fields
 335 125
Heat Mapping
 No No
AI Assistant Bot
 No No
Platforms & Tools 5 4.5
Winner check_circle

Charting Features

Feature TradeStation E*TRADE
Charting - Trade Off Chart
 Yes Yes
Charting - Indicators / Studies
 285 119
Charting - Drawing Tools
 23 32
Charting - Historical Trades
 Yes Yes
Charting - Corporate Events
 No Yes
Charting - Automated Analysis
 No Yes
Charting - Save Profiles
 Yes Yes
Charting - Study Customizations
 12 6
Charting - Custom Studies
 Yes No
Platforms & Tools 5 4.5
Winner check_circle

Day Trading

Feature TradeStation E*TRADE
Stock Alerts - Basic Fields
 Yes Yes
Stock Alerts - Advanced Fields
 Yes No
Streaming Time & Sales
 Yes Yes
Streaming TV
 No Yes
Direct Market Routing - Stocks
 Yes Yes
Direct Market Routing - Options
 Yes Yes
Ladder Trading
 Yes No
Trade Hot Keys
 Yes Yes
Level 2 Quotes - Stocks
 Yes Yes
Level 2 Quotes - Options
 Yes Yes
Trade Ideas - Backtesting
 Yes No
Short Locator
 Yes No
Order Liquidity Rebates
 Yes No
Winner check_circle

Mobile Trading Apps

Feature TradeStation E*TRADE
iPhone App
 Yes Yes
Android App
 Yes Yes
Apple Watch App
 No Yes
Trading - Stocks
 Yes Yes
Trading - After-Hours
 Yes Yes
Trading - Conditional Orders
 Yes Yes
Trading - Mutual Funds
 No Yes
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 TradeStation E*TRADE
Watch List Syncing
Yes Yes
Stock Alerts
 Yes Yes
Charting - After Hours
 Yes Yes
Charting - Drawing
 Yes No
Charting - Study Customizations
Yes Yes
Heatmapping
 No No
Stream Live TV
 No Yes
Barcode Lookup
 No Yes
Mobile Trading 4.5 5
Winner check_circle

Research Overview

Feature TradeStation E*TRADE
Research - Stocks
 Yes Yes
Research - ETFs
 Yes Yes
Research - Mutual Funds
 No Yes
Research - Pink Sheets / OTCBB
 Yes Yes
Research - Fixed Income
 No Yes
Screener - Stocks
 Yes Yes
Screener - ETFs
 No Yes
Screener - Mutual Funds
 No Yes
Screener - Options
 Yes Yes
Screener - Bonds
 No Yes
Misc - Portfolio Builder
 No Yes
Misc - Portfolio Allocation
 No Yes
Research 2 4.5
Winner check_circle

Stock Research

Feature TradeStation E*TRADE
Stock Research - Reports
 0 5
Stock Research - Earnings
 No Yes
Stock Research - Insiders
 No Yes
Stock Research - Metric Comp
 No No
Stock Research - SEC Filings
 No Yes
Stock Research - Social
 No Yes
Stock Research - Balance Sheet
 No Yes
Stock Research - Cash Flows
 No Yes
Stock Research - News
 Yes Yes
Stock Research - ESG
 No No
Research 2 4.5
Winner check_circle

ETF Research

Feature TradeStation E*TRADE
ETFs - Strategy Overview
 No Yes
ETFs - Top 10 Holdings
 No Yes
ETFs - Sector Exposure
 No Yes
ETFs - Risk Analysis
 No Yes
ETFs - Performance Analysis
 No Yes
ETFs - Ratings
 No Yes
ETFs - Morningstar StyleMap
 No Yes
ETFs - Reports
 No Yes
Research 2 4.5
Winner check_circle

Mutual Fund Research

Feature TradeStation E*TRADE
Mutual Funds - Strategy Overview
 No Yes
Mutual Funds - Prospectus
 No Yes
Mutual Funds - Reports
 No Yes
Mutual Funds - Fees Breakdown
 No Yes
Mutual Funds - Top 10 Holdings
 No Yes
Mutual Funds - Asset Allocation
 No Yes
Mutual Funds - Sector Allocation
 No Yes
Mutual Funds - Country Allocation
 No Yes
Mutual Funds - StyleMap
 No Yes
Mutual Funds - 3rd Party Ratings
 No Yes
Research 2 4.5
Winner check_circle

Options Trading

Feature TradeStation E*TRADE
Option Chains - Streaming
 Yes Yes
Option Chains - Total Columns
 32 30
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 5 4.5
Winner check_circle

Beginners

Feature TradeStation E*TRADE
Has Education - Stocks
 Yes Yes
Has Education - ETFs
 No Yes
Has Education - Options
 Yes Yes
Has Education - Mutual Funds
 No Yes
Has Education - Fixed Income
 No Yes
Has Education - Retirement
 No Yes
Paper Trading
 Yes Yes
Videos
 Yes Yes
Webinars (Monthly Avg)
 0 12
Webinars (Archived)
 Yes Yes
Live Seminars
 Yes Yes
Progress Tracking
 No No
Interactive Learning - Quizzes
 No Yes
Investor Magazine
 Yes No
Education 2.5 4
Winner check_circle

Banking

Feature TradeStation E*TRADE
Retail Locations
 0 30
Member FDIC
 No Yes
Checking Accounts
 No Yes
Savings Accounts
 No Yes
Credit Cards
 No No
Debit Cards
 No Yes
Mortgage Loans
 No No
No Fee Banking
 No No
Banking 0.5 4

Overall

Feature TradeStation E*TRADE
TradeStation Review E*TRADE Review
Overall 4 4.5
Winner check_circle

The StockBrokers.com annual broker review assesses more than a dozen different brokers over six months, surfacing the best online stock brokers. This review compares E*TRADE vs TradeStation. Is E*TRADE or TradeStation a better online broker?

First, we will make a comparison of the stock and option trading fees for trading with both brokers. 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. Option contracts are pricier at E*TRADE, costing $0.65 versus $0.50 at TradeStation. Note that some brokers charge a per-share fee instead of a flat-fee commission. For a full breakdown of commissions, read our online broker reviews.

For our next comparison of these two brokers, being able to trade the way you want is a must. Both E*TRADE and TradeStation support Stock Trading, Options Trading, Mutual Funds and Futures Trading. When it comes to mutual funds, E*TRADE boasts an offering of 9291 mutual funds compared to TradeStation's 4357 available funds.

Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. E*TRADE and TradeStation both offer virtual trading. For mobile trading, E*TRADE along with TradeStation both support the iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Clients can have Checking Accounts, Savings Accounts and Debit Cards at E*TRADE while customers at TradeStation can have none of these.

Overall, between E*TRADE and TradeStation, E*TRADE is the winner.

E*TRADE Review
TradeStation Review

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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.

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