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.