Robinhood vs TradeStation Comparison
Comparing brokers side by side is no easy task. For our 2023 annual broker review, we spent hundreds of hours assessing 17 brokerages to find the best online broker. Let's compare Robinhood vs TradeStation.
Is Robinhood or TradeStation better for beginners?
TradeStation offers more comprehensive new investor education for beginner investors than Robinhood. Robinhood offers investors access to Education (Stocks) and Education (Options), while TradeStation offers investors access to Paper Trading, Videos, Education (Stocks) and Education (Options), neither have Education (ETFs), Education (Mutual Funds), Education (Bonds) and Education (Retirement).
What about Robinhood vs TradeStation pricing?
Robinhood and TradeStation charge the same amount for regular stock trades, $0.00. Option contracts are pricier at TradeStation, costing $0.60 per contract versus $0.00 per contract at Robinhood. For a complete commissions summary, see our best brokers for free stock trading guide.
Does Robinhood or TradeStation offer a wider range of investment options?
Robinhood offers investors access to Stock Trading, Fractional Shares and Options Trading, while TradeStation offers investors access to Stock Trading, Options Trading, OTCBB / Pink Sheets, Mutual Funds and Futures Trading, neither have Forex Trading and Advisor Services. Looking at Mutual Funds, Robinhood and TradeStation both provide customers access to 0 no transaction fee (NTF) mutual funds.
Which trading platform is better: Robinhood or TradeStation?
To compare the trading platforms of Robinhood and TradeStation, 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. Debit Cards are offered by Robinhood while TradeStation offers none, neither have Checking Accounts, Savings Accounts, Credit Cards and Mortgage Loans.
Is Robinhood good?
Robinhood is very easy to use and its educational content is a joy to read. But, in today’s competitive market for your investing dollars, there are several more compelling options among brokerages.
Is TradeStation good?
TradeStation supports casual traders through its web-based platform and active traders through its desktop platform. We like the web-based platform and mobile app, but the flagship desktop platform could use a refresh. TradeStation ranked among Best in Class in the Commissions and Fees and Investment Options categories in our 2023 Annual Review of online stockbrokers.
Robinhood vs TradeStation Winner
Overall winner: TradeStation
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