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 Securities. Is E*TRADE or TradeStation Securities a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. E*TRADE, with its regular stock trades costing $6.95, is more expensive than TradeStation Securities's rate of $5.00 per trade. For options trading, E*TRADE has a base fee of $6.95, and TradeStation Securities a base fee of $5.00. Option contracts are pricier at E*TRADE, costing $0.75 versus $0.50 at TradeStation Securities. 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. E*TRADE and TradeStation Securities provide clients with Stock Trading, Options Trading, Mutual Funds and Futures Trading. When it comes to mutual funds, E*TRADE boasts an offering of 8998 mutual funds compared to TradeStation Securities's 4951 available funds. Commission free ETFs can also be a nice plus, E*TRADE offers 225 commission free ETFs versus TradeStation Securities's total of 0.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. TradeStation Securities makes virtual trading available to clients, while E*TRADE does not. For mobile trading, Both E*TRADE and TradeStation Securities offer clients access to an iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Checking Accounts and Debit Cards are available to clients of E*TRADE while TradeStation Securities offers customers none of these. On the whole, when it comes to tools, research, and mobile trading, TradeStation Securities finished with awards Best in Class - Platforms & Tools, while E*TRADE came up with Best in Class - Research.
Overall, E*TRADE takes the upper hand with 4.50 stars over TradeStation Securities's 4.00 stars.