Comparing brokers side by side is no easy task. For our annual broker review, we assess over a dozen brokers on hundreds of 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 more than Robinhood for placing regular stock trades ($5 and $0, respectively). For options trading, TradeStation Securities has a base fee of $5, and Robinhood a base fee of $0. Robinhood's per contract rate of $0 is less than TradeStation Securities which charges $0.50. 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. Robinhood supports Stock Trading and Options Trading while TradeStation Securities supports Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, Robinhood trails TradeStation Securities by 4,951 total mutual funds, with TradeStation Securities offering 4951 and Robinhood offering 0. Commission free ETFs can also be valuable for customers, which in this case means trading a possible N/A 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 offers virtual trading while Robinhood does not. Taking a look at mobile trading, Both Robinhood and TradeStation Securities offer clients access to an 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 was rated Best in Class - Platforms & Tools, while Robinhood was rated none of these.
Overall, TradeStation Securities comes out on top with 4.00 stars over Robinhood's 2.50 stars.