The StockBrokers.com 2017 Brokerage Review assessed 16 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. With options, the base fees charged are $6.95 (E*TRADE) and $5.00 (TradeStation Securities). 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 alongside TradeStation Securities offer clients Stock Trading, Options Trading, Mutual Funds and Futures Trading. When it comes to mutual funds, TradeStation Securities trails E*TRADE by 3,798 total mutual funds, with E*TRADE offering 8652 and TradeStation Securities offering 4854. Commission free ETFs can also be a nice plus, E*TRADE offers 133 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. Clients can have Checking Accounts and Debit Cards at E*TRADE while customers at TradeStation Securities can have none of these. On the whole, when it comes to tools, research, and mobile trading, E*TRADE posted awards Best in Class - Research and Best in Class - Mobile Trading in 2017, while TradeStation Securities found itself with Best in Class - Platforms & Tools.
Overall, E*TRADE boasts 4.00 stars versus TradeStation Securities's 3.50 stars.