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TradeStation vs E*TRADE 2019

The StockBrokers.com annual review (9 years running) takes six months to complete and produces over 30,000 words of research each year. Here's how we test.

Is E*TRADE better than TradeStation? After scoring brokers on over 4,000 data points for our 2019 review, E*TRADE (83.68%) is better than TradeStation (71.75%). Founded in 1982, E*TRADE is a full-service online broker that charges $6.95 for stock trades with discounts for active traders. While E*TRADE may not offer the cheapest trades, the Power E*TRADE platform is excellent for options trading, and the broker offers two great mobile apps.

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Overall Rating

Feature TradeStation E*TRADE
Overall 3.5 4
TradeStation Review E*TRADE Review

Trading Fees

Feature TradeStation E*TRADE
Minimum Deposit $500.00 $500.00
Stock Trade Fee (per trade) $5.00 $6.95
ETF Trade Fee $5.00 $6.95
Options Base Fee $5.00 $6.95
Options Per Contract Fee $0.50 $0.75
Mutual Fund Trade Fee $14.95 $19.99
Broker Assisted Trades Fee $50.00 $25.00
Commissions & Fees 3.5 3.5
Winner check_circle

Margin Rates

Feature TradeStation
Open Account
E*TRADE
Open Account
Under $24,999.99 9.25% 10.50%
$25,000.00 to $49,999.99 9.25% 10.25%
$50,000.00 to $99,999.99 8.50% 9.75%
$100,000.00 to $249,999.99 8.50% 9.25%
$250,000.00 to $499,999.99 8.50% 8.75%
$500,000.00 to $999,999.99 5.25% 8.25%
Above $1,000,000.00 5.25% 7.25%
Commissions & Fees 3.5 3.5
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 3.5 3.5

Investment Options

Feature TradeStation E*TRADE
Stock Trading
Yes Yes
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 0 295
Mutual Funds (No Load)
887 6266
Mutual Funds (Total)
4357 9062
Bonds (US Treasury)
Yes Yes
Bonds (Corporate)
Yes Yes
Bonds (Municipal)
Yes Yes
Advisor Services
No Yes
International Trading
No No
Offering of Investments 4 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 4.5
Winner check_circle

Trading Platforms

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

Charting Features

Feature TradeStation E*TRADE
Charting - Trade Off Chart
Yes Yes
Charting - Indicators / Studies
282 118
Charting - Drawing Tools
23 33
Charting - Historical Trades
Yes Yes
Charting - Corporate Events
No Yes
Charting - Automated Analysis
No No
Charting - Save Profiles
Yes Yes
Charting - Study Customizations
12 6
Charting - Custom Studies
Yes No
Platforms & Tools 4.5 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 Yes
Trade Hot Keys
Yes Yes
Level 2 Quotes - Stocks
Yes Yes
Level 2 Quotes - Options
Yes Yes
Trade Ideas - Backtesting
Yes Yes
Short Locator
Yes No
Client 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 - Basic Fields
Yes Yes
Charting - After Hours
Yes Yes
Charting - Drawing
Yes No
Charting - Study Customizations
Yes Yes
Customizable Homescreen
No Yes
Heatmapping
No Yes
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 1.5 4.5
Winner check_circle

Stock Research

Feature TradeStation E*TRADE
Stock Research - Reports
0 4
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 1.5 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 1.5 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 1.5 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 4.5 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)
30 12
Webinars (Archived)
Yes Yes
Live Seminars
Yes Yes
Progress Tracking
No No
Interactive Learning - Quizzes
No Yes
Investor Magazine
Yes No
Education 3 4.5
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
Winner check_circle

Overall

Feature TradeStation E*TRADE
TradeStation Review E*TRADE Review
Overall 3.5 4
Winner check_circle
Comparing brokers side by side is no easy task. For our annual broker review, we assess over a dozen brokers on hundreds of different variables to find the best online broker. Yielding a database of over 4,000 data points, let's compare E*TRADE vs TradeStation.

To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. E*TRADE charges $6.95 per stock trade which is $1.95 more than TradeStation which charges customers $5.00 per trade. With options, the base fees charged are $6.95 (E*TRADE) and $5.00 (TradeStation). Each option contract then costs $0.75 at E*TRADE and $0.50 at TradeStation. It's important to note that not all brokers charge a flat fee per trade. Thus, it is important to read the full commission notes for each broker, which we include with each online broker review.

Next to commission rates, being able to trade what you want is important. Both E*TRADE and TradeStation support Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, TradeStation trails E*TRADE by 4,705 total mutual funds, with E*TRADE offering 9062 and TradeStation offering 4357.

Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Both E*TRADE and TradeStation offer virtual trading. Taking a look at mobile trading, Both E*TRADE and TradeStation offer clients access to an iPhone App, iPad App and Android App. Not to be left out, online banking is also a nice benefit for many investors, and some 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


All pricing data was obtained from a published web site as of 02/18/2019 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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