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Robinhood vs TradeStation Securities Review

Brandon Reinkensmeyer

Published by Brandon Reinkensmeyer


Tuesday, October 10th, 2017

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.
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Overall
Commissions & Fees
Offering of Investments
Platforms & Tools
Research
Customer Service
Mobile Trading
Ease of Use
Education
Order Execution
Banking
Minimum Deposit
Stock Trade Fee (flat)
Options Base Fee
Options Per Contract Fee
Mutual Fund Trade Fee
Broker Assisted Trades Fee
IRA Annual Fee
IRA Closure Fee
Stock Trading
OTCBB / Pink Sheets
Options Trading
Complex Options Max Legs
Futures Trading
Forex Trading
Commission Free ETFs
Mutual Funds (No Load)
Mutual Funds (Total)
Bonds (US Treasury)
Bonds (Corporate)
Bonds (Municipal)
Advisor Services
International Trading
Order Type - Market
Order Type - Limit
Order Type - Stop
Order Type - Trailing Stop
Order Type - Contingent
Order Type - MultiContingent
Order Type - OCO
Order Type - OTO
Order Type - OTOCO
Order Type - Algo
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Platform
Virtual Trading
Watch Lists - Total Fields
Two-Factor Authentication Login
Charting - Trade Off Chart
Charting - Drawing Tools
Charting - Indicators / Studies
Charting - Historical Trades
Charting - Save Profiles
Charting - Study Customizations
Charting - Custom Studies
Option Chains - Total Columns
Option Chains - Greeks Viewable
Option Analysis - P&L Charts
Option Positions - Rolling
Heat Mapping
Stock Alerts - Basic Fields
Stock Alerts - Advanced Fields
Streaming Time & Sales
Streaming TV
Direct Market Routing - Stocks
Direct Market Routing - Options
Ladder Trading
Trade Hot Keys
Level 2 Quotes - Stocks
Level 2 Quotes - Options
Trade Ideas - Backtesting
Client Liquidity Rebates
Screener - Stocks
Screener - ETFs
Screener - Mutual Funds
Screener - Options
Screener - Bonds
Misc - Portfolio Allocation
Misc - Portfolio Builder
Equity Research - Earnings
Equity Research - SEC Filings
Equity Research - Insiders
Equity Research - Social
Equity Research - Reports
ETF Research - Top 10 Holdings
ETF Research - Reports
ETF Research - Ratings
Mutual Fund Research - Reports
iPhone App
iPad App
Android App
Android Tablet App
Apple Watch App
Trading - Stocks
Trading - After-Hours
Trading - Conditional Orders
Trading - Mutual Funds
Trading - Simple Options
Trading - Complex Options
Trading - Option Rolling
Touch ID
Watch List Syncing
Stock Alerts - Basic Fields
Stock Alerts - Advanced Fields
Charting - After Hours
Charting - Study Customizations
Customizable Homescreen
Heatmapping
Stream Live TV
Barcode Lookup
Retail Locations
Member FDIC
Checking Accounts
Savings Accounts
Credit Cards
Debit Cards
Mortgage Loans
No Fee Banking
Under $24,999.99
$25,000.00 to $49,999.99
$50,000.00 to $99,999.99
$100,000.00 to $249,999.99
$250,000.00 to $499,999.99
Above $1,000,000.00
$500,000.00 to $999,999.99
Has Education - Stocks
Has Education - ETFs
Has Education - Options
Has Education - Mutual Funds
Has Education - Fixed Income
Has Education - Retirement
Videos
Client Webinars (Monthly Avg)
Client Webinars (Archived)
Live Seminars
Progress Tracking
Interactive Learning - Quizzes
Client Magazine
 
2.5
4.5
0.5
1
0.5
-1
2.5
4
1
1
0.5
 
$0.00
$0.00
N/A
N/A
N/A
$10.00
$0.00
$0.00
 
Yes
No
No
0
No
No
0
0
0
No
No
No
No
No
 
Yes
Yes
Yes
No
No
No
No
No
No
No
 
No
No
No
No
0
Yes
No
0
0
No
No
0
No
0
0
No
No
No
 
No
No
No
No
No
No
No
No
No
No
No
No
 
No
No
No
No
No
No
No
Yes
No
No
No
0
No
No
No
No
 
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
No
No
No
No
No
Yes
No
No
No
No
No
No
No
No
No
 
0
No
No
No
No
No
No
No
 
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
 
No
No
No
No
No
No
No
0
No
No
No
No
No
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3.5
3.5
4
4.5
1
4.5
4
3.5
3
3.5
0.5
 
$2,000.00
$5.00
$5.00
$0.50
$14.95
$20.00
$35.00
$50.00
 
Yes
Yes
Yes
4
Yes
No
0
988
4854
Yes
Yes
Yes
No
No
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
Yes
No
Yes
Yes
318
Yes
Yes
21
270
Yes
Yes
12
Yes
32
5
Yes
Yes
No
 
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
Yes
No
No
Yes
No
No
No
No
No
No
No
0
No
No
No
No
 
Yes
Yes
Yes
No
No
 
Yes
Yes
Yes
No
Yes
Yes
No
Yes
No
Yes
No
Yes
Yes
No
No
No
No
 
0
No
No
No
No
No
No
No
 
8.50%
8.25%
7.75%
7.75%
7.25%
6.75%
7.25%
 
Yes
No
Yes
No
No
No
Yes
25
Yes
Yes
No
No
No

All pricing data was obtained from a published web site as of 2/20/2017 and is believed to be accurate, but is not guaranteed. The StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.

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