The StockBrokers.com 2017 Brokerage Review
assessed 16 different brokers over six months. 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 charges more than Interactive Brokers for placing regular stock trades ($5 and $0 (the broker charges a per share rate instead), respectively). Looking at trading options, Interactive Brokers's base fee is $0 while TradeStation Securities's is $5. 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 8026 mutual funds compared to TradeStation Securities's 4854 available funds. Commission free ETFs can also be a nice plus, Interactive Brokers offers 33 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. Interactive Brokers and TradeStation Securities both offer virtual trading. For mobile trading, Interactive Brokers and TradeStation Securities both have a iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Banking is not popular with Interactive Brokers and TradeStation Securities as Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are all unavailable. On the whole, when it comes to tools, research, and mobile trading, Interactive Brokers was rated Best in Class - Platforms & Tools and Best in Class - Mobile Trading in 2017, while TradeStation Securities was rated Best in Class - Platforms & Tools.
Overall, Interactive Brokers comes out on top with 4.00 stars over TradeStation Securities's 3.50 stars.