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TradeStation Securities vs Scottrade Review

Brandon Reinkensmeyer

Published by Brandon Reinkensmeyer


Thursday, May 25th, 2017

The StockBrokers.com 2017 Brokerage Review compares Scottrade vs TradeStation Securities. Compare Scottrade and TradeStation Securities trade commissions, fees and overall broker ratings by using the table below. Is Scottrade or TradeStation Securities a better online broker?

Looking at both brokers, first we will take a look at the commission rates for both placing regular stock and options trades. Scottrade charges $6.95 per stock trade which is $1.95 more than TradeStation Securities which charges clients $5.00 per trade. With options, the base fees charged are $6.95 (Scottrade) and $5.00 (TradeStation Securities). At a difference of $0.20 per contract, TradeStation Securities's per contract rate of $0.50 is less than Scottrade which charges $0.70. It should be noted that not every broker uses a flat rate stock trade fee structure, so it is important to read the full commission notes (head over to any online brokerage review page, then navigate to the "Commission Notes" section).

Alongside trade commissions, being able to trade the way you want is a must. TradeStation Securities supports Stock Trading, Options Trading, Mutual Funds and Futures Trading while Scottrade supports Stock Trading, Options Trading and Mutual Funds. When it comes to mutual funds, Scottrade offers its clients access to 13599 different mutual funds while TradeStation Securities has 4854 available funds, a difference of 8,745.00. Commission free ETFs can also be a nice plus, which for investors means access to 0 funds at both brokers.

Last but not least, by breaking down important features that each broker offers, we can really help to separate the two brokers. Scottrade and TradeStation Securities both have virtual trading. For mobile trading, Scottrade and TradeStation Securities both have a iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Checking Accounts, Savings Accounts and Debit Cards are offered by Scottrade while TradeStation Securities offers none of these. On the whole, when it comes to tools, research, and trading on the go, TradeStation Securities posted awards for Best in Class - Platforms & Tools in 2014, while Scottrade found itself with none of these.

Overall, Scottrade takes the upper hand with 4.00 stars over TradeStation Securities's 3.50 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
Stock Trade Fee (flat)
Options Base Fee
Options Per Contract Fee
Mutual Fund Trade Fee
Broker Assisted Trades Fee
Minimum Deposit
No Inactivity Fees
No Fee IRAs
Stock Trading
Options Trading
Mutual Funds
Forex Trading
Futures Trading
Desktop Platform (Windows)
Web Platform
Virtual Trading
Charting - Drawing Tools
Charting - Indicators / Studies
Option Chains - Total Columns
Watch Lists - Total Fields
iPhone App
iPad App
Android App
Android Tablet App
Apple Watch App
Trading - After-Hours
Trading - Mutual Funds
Trading - Conditional Orders
Trading - Simple Options
Trading - Complex Options
Commission Free ETFs
Mutual Funds (No Load)
Mutual Funds (Total)
# of Easy to Borrow Stocks
Retail Locations
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
Checking Accounts
Savings Accounts
Credit Cards
Debit Cards
Mortgage Loans
No Fee Banking
TradeStation Securities
Special Offer Low Fees and Free Market Data. Trade with TradeStation. Learn More
TradeStation Securities Review
 
3.5
3.5
4
4.5
1
4.5
4
3.5
3
3.5
0.5
 
$5.00
$5.00
$0.50
$14.95
$20.00
$5,000.00
No
No
 
Yes
Yes
Yes
No
Yes
 
Yes
Yes
Yes
21
270
32
318
 
Yes
Yes
Yes
No
No
 
Yes
No
Yes
Yes
Yes
 
0
988
4854
2500
0
 
8.50%
8.25%
7.75%
7.75%
7.25%
6.75%
7.25%
 
No
No
No
No
No
No
Scottrade
Scottrade Review
 
4
3.5
3
4
4.5
4.5
3.5
4.5
4
3.5
4
 
$6.95
$6.95
$0.70
$17.00
$32.00
$2,500.00
Yes
Yes
 
Yes
Yes
Yes
No
No
 
Yes
Yes
Yes
12
67
28
236
 
Yes
Yes
Yes
No
No
 
Yes
No
No
Yes
No
 
0
7213
13599
3500
503
 
8.00%
7.25%
7.00%
6.50%
6.25%
5.25%
5.75%
 
Yes
Yes
No
Yes
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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