Comparing brokers side by side is no easy task. For our 2017 Broker Review, we assessed 16 brokers on 308 different variables to find the best online broker
. Yielding a database of over 5,000 data points, let's compare Robinhood vs TradeStation Securities.
To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. TradeStation Securities charges $5 per stock trade which is $5 more than Robinhood which charges customers $0 per trade. With options, the base fees charged are $5 (TradeStation Securities) and $N/A (Robinhood). TradeStation Securities's per contract rate of $0.50 is less than Robinhood which charges $N/A. It's important to note that not all brokers charge a flat fee per trade. Thus, it is important to read the full commission notes for each broker, which we include with each online broker review
Next to commission rates, being able to trade what you want is important. TradeStation Securities offers clients Stock Trading, Options Trading, Mutual Funds and Futures Trading while Robinhood offers Stock Trading. Looking at mutual funds, TradeStation Securities boasts an offering of 4854 mutual funds compared to Robinhood's 0 available funds. Commission free ETFs can also be valuable for customers, which in this case means trading a possible 0 commission free ETFs at both brokers.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. TradeStation Securities makes virtual trading available to clients, while Robinhood does not. Taking a look at mobile trading, Robinhood and TradeStation Securities both have a iPhone App, iPad App and Android App. Not to be left out, online banking is also a nice benefit for many investors, and some brokerages provide these services to clients. Unfortunately, Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are not available at Robinhood or TradeStation Securities . On the whole, when it comes to tools, research, and mobile trading, TradeStation Securities finished with awards Best in Class - Platforms & Tools in 2017, while Robinhood came up with none of these.
Overall, TradeStation Securities boasts 3.50 stars versus Robinhood's 2.50 stars.