StockBrokers.com is committed to the highest ethical standards and reviews services independently. Learn how we make money.

TradeStation vs Robinhood 2022

Is TradeStation better than Robinhood? After testing 15 of the best online brokers over six months, TradeStation (73.22%) is better than Robinhood (64.85%). As a trading technology leader, TradeStation supports casual traders through its web-based platform and active traders through its award-winning desktop platform, all with $0 stock and ETF trades.

Select Brokersexpand_moreclose
Overall Rating expand_moreexpand_less TradeStation Robinhood
Overall starstarstarstarstar_border starstarstarstar_borderstar_border
Commissions & Fees starstarstarstarstar_border starstarstarstarstar_border
Investment Options starstarstarstarstar_border starstarstarstar_borderstar_border
Platforms & Tools starstarstarstarstar_border starstarstar_borderstar_borderstar_border
Mobile Trading Apps starstarstarstarstar_border starstarstarstarstar_border
Research starstarstar_borderstar_borderstar_border starstarstar_borderstar_borderstar_border
Customer Service starstarstar_borderstar_borderstar_border N/A
Education starstarstarstar_borderstar_border starstarstarstar_borderstar_border
Ease Of Use starstarstarstarstar_border starstarstarstarstar
Winner check_circle
Review TradeStation Review Robinhood Review
Trading Fees expand_moreexpand_less TradeStation Robinhood
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
Mutual Fund Trade Fee $14.95 N/A
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.00 $0.00
Futures (Per Contract) $1.50 N/A
Broker Assisted Trade Fee $0.00 N/A
Margin Rates expand_moreexpand_less TradeStation Robinhood
Margin Rate Under $24,999.99 9.50% 2.50%
Margin Rate $25,000.00 to $49,999.99 9.50% 2.50%
Margin Rate $50,000.00 to $99,999.99 8.75% 2.50%
Margin Rate $100,000.00 to $249,999.99 8.75% 2.50%
Margin Rate $250,000.00 to $499,999.99 8.75% 2.50%
Margin Rate $500,000.00 to $999,999.99 5.50% 2.50%
Margin Rate Above $1,000,000.00 5.50% 2.50%
Account Fees expand_moreexpand_less TradeStation Robinhood
IRA Annual Fee $35.00 N/A
IRA Closure Fee $50.00 N/A
Account Transfer Out (Partial) $125.00 $100.00
Account Transfer Out (Full) $125.00 $100.00
Options Exercise Fee 14.95 0.00
Options Assignment Fee 5.95 0.00
Investment Options expand_moreexpand_less TradeStation Robinhood
Stock Trading Yes Yes
Fractional Shares No Yes
OTCBB / Pink Sheets Yes No
Options Trading Yes Yes
Complex Options Max Legs 4 4
Futures Trading Yes No
Forex Trading No No
Crypto Trading Yes Yes
Crypto Trading - Total Coins 4 7
Mutual Funds (No Load) 887 0
Mutual Funds (Total) 4357 0
Bonds (US Treasury) Yes No
Bonds (Corporate) Yes No
Bonds (Municipal) Yes No
Advisor Services No No
International Countries (Stocks) 0 0
Order Types expand_moreexpand_less TradeStation Robinhood
Order Type - Market Yes Yes
Order Type - Limit Yes Yes
Order Type - After Hours Yes Yes
Order Type - Stop Yes Yes
Order Type - Trailing Stop Yes Yes
Order Type - OCO Yes No
Order Type - OTO Yes No
Order Type - Broker Assisted Yes No
Beginners expand_moreexpand_less TradeStation Robinhood
Education (Stocks) Yes Yes
Education (ETFs) No No
Education (Options) Yes Yes
Education (Mutual Funds) No No
Education (Bonds) No No
Education (Retirement) No No
Retirement Calculator No No
Investor Dictionary No Yes
Paper Trading Yes No
Videos Yes No
Webinars (Archived) No No
Progress Tracking No No
Interactive Learning - Quizzes No No
Stock Trading Apps expand_moreexpand_less TradeStation Robinhood
iPhone App Yes Yes
Android App Yes Yes
Apple Watch App Yes Yes
Trading - Stocks Yes Yes
Trading - After-Hours Yes Yes
Trading - Simple Options Yes Yes
Trading - Complex Options Yes Yes
Order Ticket RT Quotes Yes Yes
Order Ticket SRT Quotes Yes Yes
Stock App Features expand_moreexpand_less TradeStation Robinhood
Market Movers (Top Gainers) Yes Yes
Stream Live TV No No
Videos on Demand No Yes
Stock Alerts Yes No
Option Chains Viewable Yes Yes
Watch List (Real-time) Yes Yes
Watch List (Streaming) Yes No
Watch Lists - Create & Manage Yes Yes
Watch Lists - Column Customization Yes Yes
Watch Lists - Total Fields 335 7
Stock App Charting expand_moreexpand_less TradeStation Robinhood
Charting - After-Hours Yes Yes
Charting - Can Turn Horizontally Yes No
Charting - Multiple Time Frames Yes Yes
Charting - Technical Studies 45 0
Charting - Study Customizations Yes No
Charting - Stock Comparisons No No
Trading Platforms expand_moreexpand_less TradeStation Robinhood
Desktop Trading Platform Yes No
Web Trading Platform Yes Yes
Paper Trading Yes No
Trade Journal No No
Watch Lists - Total Fields 335 7
Stock Chart Features expand_moreexpand_less TradeStation Robinhood
Charting - Adjust Trades on Chart Yes No
Charting - Indicators / Studies 290 5
Charting - Drawing Tools 23 0
Charting - Notes Yes No
Charting - Index Overlays Yes No
Charting - Historical Trades Yes No
Charting - Corporate Events No No
Charting - Custom Date Range Yes No
Charting - Custom Time Bars Yes No
Charting - Automated Analysis No No
Charting - Save Profiles Yes No
Trade Ideas - Technical Analysis Yes No
Charting - Study Customizations 12 2
Charting - Custom Studies Yes No
Day Trading expand_moreexpand_less TradeStation Robinhood
Streaming Time & Sales Yes No
Streaming TV No No
Direct Market Routing - Stocks Yes No
Ladder Trading Yes No
Trade Hot Keys Yes No
Level 2 Quotes - Stocks Yes No
Trade Ideas - Backtesting Yes No
Trade Ideas - Backtesting Adv Yes No
Short Locator Yes No
Order Liquidity Rebates Yes No
Research Overview expand_moreexpand_less TradeStation Robinhood
Research - Stocks Yes Yes
Research - ETFs Yes Yes
Research - Mutual Funds No No
Research - Pink Sheets / OTCBB Yes No
Research - Bonds No No
Screener - Stocks Yes No
Screener - ETFs No No
Screener - Mutual Funds No No
Screener - Bonds No No
Misc - Portfolio Allocation No Yes
Stock Research expand_moreexpand_less TradeStation Robinhood
Stock Research - PDF Reports 0 0
Stock Research - Earnings No Yes
Stock Research - Insiders No No
Stock Research - Social No No
Stock Research - News Yes Yes
Stock Research - ESG No No
Stock Research - SEC Filings No No
ETF Research expand_moreexpand_less TradeStation Robinhood
ETFs - Strategy Overview No Yes
ETF Fund Facts - Inception Date No No
ETF Fund Facts - Expense Ratio No No
ETF Fund Facts - Net Assets No No
ETF Fund Facts - Total Holdings No No
ETFs - Top 10 Holdings No No
ETFs - Sector Exposure No No
ETFs - Risk Analysis No No
ETFs - Ratings No No
ETFs - Morningstar StyleMap No No
ETFs - PDF Reports No No
Mutual Fund Research expand_moreexpand_less TradeStation Robinhood
Mutual Funds - Strategy Overview No No
Mutual Funds - Performance Chart No No
Mutual Funds - Performance Analysis No No
Mutual Funds - Prospectus No No
Mutual Funds - 3rd Party Ratings No No
Mutual Funds - Fees Breakdown No No
Mutual Funds - Top 10 Holdings No No
Mutual Funds - Asset Allocation No No
Mutual Funds - Sector Allocation No No
Mutual Funds - Country Allocation No No
Mutual Funds - StyleMap No No
Options Trading expand_moreexpand_less TradeStation Robinhood
Option Chains - Basic View Yes Yes
Option Chains - Strategy View Yes No
Option Chains - Streaming Yes Yes
Option Chains - Total Columns 32 17
Option Chains - Greeks 5 5
Option Chains - Quick Analysis Yes Yes
Option Analysis - P&L Charts Yes Yes
Option Probability Analysis Yes No
Option Probability Analysis Adv Yes No
Option Positions - Greeks Yes Yes
Option Positions - Greeks Streaming Yes Yes
Option Positions - Adv Analysis Yes No
Option Positions - Rolling Yes No
Option Positions - Grouping Yes Yes
Banking expand_moreexpand_less TradeStation Robinhood
Bank (Member FDIC) No No
Checking Accounts No No
Savings Accounts No No
Credit Cards No No
Debit Cards No Yes
Mortgage Loans No No
Customer Service expand_moreexpand_less TradeStation Robinhood
Phone Support (Prospect Customers) No No
Phone Support (Current Customers) No Yes
Email Support Yes Yes
Live Chat (Prospect Customers) No No
Live Chat (Current Customers) Yes No
24/7 Support No No
Overall expand_moreexpand_less TradeStation Robinhood
Overall starstarstarstarstar_border starstarstarstar_borderstar_border
Commissions & Fees starstarstarstarstar_border starstarstarstarstar_border
Investment Options starstarstarstarstar_border starstarstarstar_borderstar_border
Platforms & Tools starstarstarstarstar_border starstarstar_borderstar_borderstar_border
Mobile Trading Apps starstarstarstarstar_border starstarstarstarstar_border
Research starstarstar_borderstar_borderstar_border starstarstar_borderstar_borderstar_border
Education starstarstarstar_borderstar_border starstarstarstar_borderstar_border
Ease Of Use starstarstarstarstar_border starstarstarstarstar
  • check_box_outline_blankcheck_boxAlly Invest
  • check_box_outline_blankcheck_boxCharles Schwab
  • check_box_outline_blankcheck_boxE*TRADE
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxFidelity
  • check_box_outline_blankcheck_boxFirstrade
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxJ.P. Morgan Self-Directed Investing
  • check_box_outline_blankcheck_boxLightspeed
  • check_box_outline_blankcheck_boxMerrill Edge
  • check_box_outline_blankcheck_boxRobinhood
  • check_box_outline_blankcheck_boxSofi Invest
  • check_box_outline_blankcheck_boxSpeedTrader
  • check_box_outline_blankcheck_boxTD Ameritrade
  • check_box_outline_blankcheck_boxTradeStation
  • check_box_outline_blankcheck_boxTradier
  • check_box_outline_blankcheck_boxVanguard
  • check_box_outline_blankcheck_boxWebull
Compare 0 of 5
arrow_upward

TradeStation vs Robinhood Comparison

Comparing brokers side by side is no easy task. For our 2022 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Let's compare TradeStation vs Robinhood.

Is TradeStation or Robinhood better for beginners?

TradeStation offers more comprehensive new investor education for beginner investors than Robinhood. TradeStation offers investors access to Paper Trading, Videos, Education (Stocks) and Education (Options), while Robinhood offers investors access to Education (Stocks) and Education (Options), neither have Education (ETFs), Education (Mutual Funds), Education (Bonds) and Education (Retirement).

What about TradeStation vs Robinhood pricing?

TradeStation and Robinhood charge the same amount for regular stock trades, $0.00. TradeStation and Robinhood both charge $0.00 per option contract. For a complete commissions summary, see our best brokers for free stock trading guide.

Does TradeStation or Robinhood offer a wider range of investment options?

TradeStation offers investors access to Stock Trading, Options Trading, OTCBB / Pink Sheets, Mutual Funds and Futures Trading, while Robinhood offers investors access to Stock Trading, Fractional Shares and Options Trading, neither have Forex Trading and Advisor Services. Looking at Mutual Funds, TradeStation and Robinhood both provide customers access to 0 no transaction fee (NTF) mutual funds.

Which trading platform is better: TradeStation or Robinhood?

To compare the trading platforms of TradeStation and Robinhood, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, TradeStation offers a better experience. With research, TradeStation offers superior market research. Finally, we found TradeStation to provide better mobile trading apps.

Does either broker offer banking?

Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. none are offered by TradeStation while Robinhood offers Debit Cards, neither have Checking Accounts, Savings Accounts, Credit Cards and Mortgage Loans.

Is TradeStation good?

As a trading technology leader, TradeStation supports casual traders through its web-based platform and active traders through its award-winning desktop platform, all with $0 stock and ETF trades.

Is Robinhood good?

Robinhood is very easy to use; however, now that all online brokers offer $0 stock and ETF trades, Robinhood's lack of trading tools and research leaves it a step behind the competition.

TradeStation vs Robinhood Winner

Overall winner: TradeStation

Read Next

Explore our other online trading guides:




close