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 more than TradeStation Securities for placing regular stock trades ($6.95 and $5.00, respectively). Looking at trading options, TradeStation Securities's base fee is $5.00 while E*TRADE's is $6.95. TradeStation Securities's per contract rate of $0.50 is less than E*TRADE which charges $0.75. 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. Both E*TRADE and TradeStation Securities support Stock Trading, Options Trading, Mutual Funds and Futures Trading. As far as mutual funds go, E*TRADE boasts an offering of 8998 mutual funds compared to TradeStation Securities's 4951 available funds. And, commission free ETFs deserve a comparison, with E*TRADE having the upper hand thanks to its 270 available commission free ETFs compared to TradeStation Securities's offering of 0.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. TradeStation Securities makes virtual trading available to clients, while E*TRADE does not. For mobile trading, E*TRADE and TradeStation Securities both have a 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 posted awards Best in Class - Research and Best in Class - Mobile Trading in 2018, while TradeStation Securities found itself with Best in Class - Platforms & Tools.
Overall, E*TRADE boasts 4.50 stars versus TradeStation Securities's 4.00 stars.