Using data from our latest annual broker review which tested more than a dozen different online brokers
over six months, we can compare Interactive Brokers 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. TradeStation Securities charges $5 per stock trade which is $5 more than Interactive Brokers which charges customers $0 (the broker charges a per share rate instead) per trade. For options trading, TradeStation Securities has a base fee of $5, and Interactive Brokers a base fee of $0. TradeStation Securities's per contract rate of $0.50 is less than Interactive Brokers which charges $0.70. 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. Interactive Brokers alongside TradeStation Securities offer clients Stock Trading, Options Trading, Mutual Funds and Futures Trading. As far as mutual funds go, Interactive Brokers offers its clients access to 10051 different mutual funds while TradeStation Securities has 4951 available funds, a difference of 5,100. And, commission free ETFs deserve a comparison, Interactive Brokers offers 45 commission free ETFs versus TradeStation Securities's total of 0.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Interactive Brokers alongside TradeStation Securities offer virtual trading. For mobile trading, Interactive Brokers 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. Debit Cards are offered by Interactive Brokers while TradeStation Securities offers none of these. All factors considered, when it comes to platform tools, research, and mobile trading, TradeStation Securities finished with awards Best in Class - Platforms & Tools, while Interactive Brokers came up with Best in Class - Mobile Trading.
Overall, Interactive Brokers boasts 4.50 stars versus TradeStation Securities's 4.00 stars.