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 Interactive Brokers vs TradeStation Securities. Is Interactive Brokers 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. TradeStation Securities, with its regular stock trades costing $5, is more expensive than Interactive Brokers's rate of $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. Option contracts are pricier at Interactive Brokers, costing $0.70 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. Interactive Brokers and TradeStation Securities provide clients with Stock Trading, Options Trading, Mutual Funds and Futures Trading. When it comes to mutual funds, Interactive Brokers boasts an offering of 10051 mutual funds compared to TradeStation Securities's 4951 available funds. Commission free ETFs can also be a nice plus, with TradeStation Securities falling behind Interactive Brokers, offering 0 commission free ETFs compared to Interactive Brokers's 45.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. Interactive Brokers and TradeStation Securities both offer virtual trading. For mobile trading, Interactive Brokers along with TradeStation Securities both support the 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 Debit Cards at Interactive Brokers while customers at TradeStation Securities can have none of these. On the whole, when it comes to tools, research, and mobile trading, Interactive Brokers finished with awards Best in Class - Platforms & Tools and Best in Class - Mobile Trading, while TradeStation Securities came up with Best in Class - Platforms & Tools.
Overall, Interactive Brokers comes out on top with 4.00 stars over TradeStation Securities's 3.50 stars.