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E*TRADE vs TradeStation 2022

Is E*TRADE better than TradeStation? 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.

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Overall Rating expand_moreexpand_less E*TRADE TradeStation
Overall starstarstarstarstar starstarstarstarstar_border
Commissions & Fees starstarstarstarstar_border starstarstarstarstar_border
Investment Options starstarstarstarstar starstarstarstarstar_border
Platforms & Tools starstarstarstarstar_border starstarstarstarstar_border
Mobile Trading Apps starstarstarstarstar starstarstarstarstar_border
Research starstarstarstarstar_border starstarstar_borderstar_borderstar_border
Customer Service starstarstarstarstar_border starstarstar_borderstar_borderstar_border
Education starstarstarstarstar_border starstarstarstar_borderstar_border
Ease Of Use starstarstarstarstar starstarstarstarstar_border
Winner check_circle
Review E*TRADE Review TradeStation Review
Trading Fees expand_moreexpand_less E*TRADE TradeStation
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
Mutual Fund Trade Fee $19.99 $14.95
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.65 $0.00
Futures (Per Contract) $1.50 $1.50
Broker Assisted Trade Fee $25.00 $0.00
Margin Rates expand_moreexpand_less E*TRADE TradeStation
Margin Rate Under $24,999.99 8.95% 9.50%
Margin Rate $25,000.00 to $49,999.99 8.45% 9.50%
Margin Rate $50,000.00 to $99,999.99 7.95% 8.75%
Margin Rate $100,000.00 to $249,999.99 7.45% 8.75%
Margin Rate $250,000.00 to $499,999.99 6.95% 8.75%
Margin Rate $500,000.00 to $999,999.99 6.45% 5.50%
Margin Rate Above $1,000,000.00 5.45% 5.50%
Account Fees expand_moreexpand_less E*TRADE TradeStation
IRA Annual Fee $0.00 $35.00
IRA Closure Fee $0.00 $50.00
Account Transfer Out (Partial) $25.00 $125.00
Account Transfer Out (Full) $75.00 $125.00
Options Exercise Fee 0.00 14.95
Options Assignment Fee 0.00 5.95
Investment Options expand_moreexpand_less 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
Crypto Trading No Yes
Crypto Trading - Total Coins 0 4
Mutual Funds (No Load) 6486 887
Mutual Funds (Total) 7242 4357
Bonds (US Treasury) Yes Yes
Bonds (Corporate) Yes Yes
Bonds (Municipal) Yes Yes
Advisor Services Yes No
International Countries (Stocks) 0 0
Order Types expand_moreexpand_less E*TRADE TradeStation
Order Type - Market Yes Yes
Order Type - Limit Yes Yes
Order Type - After Hours Yes Yes
Order Type - Stop Yes Yes
Order Type - Trailing Stop Yes Yes
Order Type - OCO Yes Yes
Order Type - OTO Yes Yes
Order Type - Broker Assisted Yes Yes
Beginners expand_moreexpand_less E*TRADE TradeStation
Education (Stocks) Yes Yes
Education (ETFs) Yes No
Education (Options) Yes Yes
Education (Mutual Funds) Yes No
Education (Bonds) Yes No
Education (Retirement) Yes No
Retirement Calculator Yes No
Investor Dictionary Yes No
Paper Trading Yes Yes
Videos Yes Yes
Webinars (Archived) Yes No
Progress Tracking No No
Interactive Learning - Quizzes Yes No
Stock Trading Apps expand_moreexpand_less E*TRADE TradeStation
iPhone App Yes Yes
Android App Yes Yes
Apple Watch App Yes Yes
Trading - Stocks Yes Yes
Trading - After-Hours Yes Yes
Trading - Simple Options Yes Yes
Trading - Complex Options Yes Yes
Order Ticket RT Quotes Yes Yes
Order Ticket SRT Quotes Yes Yes
Stock App Features expand_moreexpand_less E*TRADE TradeStation
Market Movers (Top Gainers) Yes Yes
Stream Live TV Yes No
Videos on Demand No No
Stock Alerts Yes Yes
Option Chains Viewable Yes Yes
Watch List (Real-time) Yes Yes
Watch List (Streaming) Yes Yes
Watch Lists - Create & Manage Yes Yes
Watch Lists - Column Customization Yes Yes
Watch Lists - Total Fields 95 335
Stock App Charting expand_moreexpand_less E*TRADE TradeStation
Charting - After-Hours Yes Yes
Charting - Can Turn Horizontally Yes Yes
Charting - Multiple Time Frames Yes Yes
Charting - Technical Studies 10 45
Charting - Study Customizations Yes Yes
Charting - Stock Comparisons Yes No
Trading Platforms expand_moreexpand_less E*TRADE TradeStation
Desktop Trading Platform No Yes
Web Trading Platform Yes Yes
Paper Trading Yes Yes
Trade Journal No No
Watch Lists - Total Fields 95 335
Stock Chart Features expand_moreexpand_less E*TRADE TradeStation
Charting - Adjust Trades on Chart Yes Yes
Charting - Indicators / Studies 119 290
Charting - Drawing Tools 31 23
Charting - Notes Yes Yes
Charting - Index Overlays Yes Yes
Charting - Historical Trades Yes Yes
Charting - Corporate Events Yes No
Charting - Custom Date Range Yes Yes
Charting - Custom Time Bars No Yes
Charting - Automated Analysis Yes No
Charting - Save Profiles Yes Yes
Trade Ideas - Technical Analysis Yes Yes
Charting - Study Customizations 6 12
Charting - Custom Studies No Yes
Day Trading expand_moreexpand_less E*TRADE TradeStation
Streaming Time & Sales Yes Yes
Streaming TV Yes No
Direct Market Routing - Stocks Yes Yes
Ladder Trading No Yes
Trade Hot Keys Yes Yes
Level 2 Quotes - Stocks Yes Yes
Trade Ideas - Backtesting No Yes
Trade Ideas - Backtesting Adv No Yes
Short Locator No Yes
Order Liquidity Rebates No Yes
Research Overview expand_moreexpand_less E*TRADE TradeStation
Research - Stocks Yes Yes
Research - ETFs Yes Yes
Research - Mutual Funds Yes No
Research - Pink Sheets / OTCBB Yes Yes
Research - Bonds Yes No
Screener - Stocks Yes Yes
Screener - ETFs Yes No
Screener - Mutual Funds Yes No
Screener - Bonds Yes No
Misc - Portfolio Allocation Yes No
Stock Research expand_moreexpand_less E*TRADE TradeStation
Stock Research - PDF Reports 6 0
Stock Research - Earnings Yes No
Stock Research - Insiders Yes No
Stock Research - Social Yes No
Stock Research - News Yes Yes
Stock Research - ESG No No
Stock Research - SEC Filings Yes No
ETF Research expand_moreexpand_less E*TRADE TradeStation
ETFs - Strategy Overview Yes No
ETF Fund Facts - Inception Date Yes No
ETF Fund Facts - Expense Ratio Yes No
ETF Fund Facts - Net Assets Yes No
ETF Fund Facts - Total Holdings Yes No
ETFs - Top 10 Holdings Yes No
ETFs - Sector Exposure Yes No
ETFs - Risk Analysis Yes No
ETFs - Ratings Yes No
ETFs - Morningstar StyleMap Yes No
ETFs - PDF Reports Yes No
Mutual Fund Research expand_moreexpand_less E*TRADE TradeStation
Mutual Funds - Strategy Overview Yes No
Mutual Funds - Performance Chart No No
Mutual Funds - Performance Analysis Yes No
Mutual Funds - Prospectus Yes No
Mutual Funds - 3rd Party Ratings 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
Options Trading expand_moreexpand_less E*TRADE TradeStation
Option Chains - Basic View Yes Yes
Option Chains - Strategy View Yes Yes
Option Chains - Streaming Yes Yes
Option Chains - Total Columns 31 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 - Greeks Streaming Yes Yes
Option Positions - Adv Analysis Yes Yes
Option Positions - Rolling Yes Yes
Option Positions - Grouping Yes Yes
Banking expand_moreexpand_less E*TRADE TradeStation
Bank (Member FDIC) Yes No
Checking Accounts Yes No
Savings Accounts Yes No
Credit Cards Yes No
Debit Cards Yes No
Mortgage Loans Yes No
Customer Service expand_moreexpand_less E*TRADE TradeStation
Phone Support (Prospect Customers) Yes No
Phone Support (Current Customers) Yes No
Email Support Yes Yes
Live Chat (Prospect Customers) Yes No
Live Chat (Current Customers) Yes Yes
24/7 Support Yes No
Overall expand_moreexpand_less E*TRADE TradeStation
Overall starstarstarstarstar starstarstarstarstar_border
Commissions & Fees starstarstarstarstar_border starstarstarstarstar_border
Investment Options starstarstarstarstar starstarstarstarstar_border
Platforms & Tools starstarstarstarstar_border starstarstarstarstar_border
Mobile Trading Apps starstarstarstarstar starstarstarstarstar_border
Research starstarstarstarstar_border starstarstar_borderstar_borderstar_border
Education starstarstarstarstar_border starstarstarstar_borderstar_border
Ease Of Use starstarstarstarstar starstarstarstarstar_border
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E*TRADE vs TradeStation 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 E*TRADE vs TradeStation.

Is E*TRADE or TradeStation better for beginners?

E*TRADE offers more comprehensive new investor education for beginner investors than TradeStation. E*TRADE offers investors access to Paper Trading, Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement), while TradeStation offers investors access to Paper Trading, Videos, Education (Stocks) and Education (Options).

What about E*TRADE vs TradeStation pricing?

E*TRADE and TradeStation charge the same amount for regular stock trades, $0.00. Option contracts are pricier at E*TRADE, costing $0.65 per contract versus $0.00 per contract at TradeStation. For a complete commissions summary, see our best brokers for free stock trading guide.

Does E*TRADE or TradeStation offer a wider range of investment options?

E*TRADE offers investors access to Stock Trading, Options Trading, OTCBB / Pink Sheets, Mutual Funds, Futures Trading and Advisor Services, while TradeStation offers investors access to Stock Trading, Options Trading, OTCBB / Pink Sheets, Mutual Funds and Futures Trading, neither have Fractional Shares and Forex Trading. Looking at Mutual Funds, TradeStation trails E*TRADE in its offering of no transaction fee (NTF) mutual funds, with E*TRADE offering 4377 and TradeStation offering 0.

Which trading platform is better: E*TRADE or TradeStation?

To compare the trading platforms of 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, Debit Cards, Credit Cards and Mortgage Loans are offered by E*TRADE while TradeStation offers neither of these.

Is E*TRADE good?

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.

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.

E*TRADE vs TradeStation Winner

Overall winner: E*TRADE

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