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TradeStation vs SpeedTrader 2019

Is SpeedTrader better than TradeStation? Based on over 4,000 data points from our 2019 annual broker review, TradeStation (71.75%) is better than SpeedTrader (51.25%).

TradeStation

Best for Platform Technology - Open Account
Promo Offer: Commission-Free Trades on Stocks, ETFs & Options Trades

TradeStation's advanced trading platform has been awarded Best Platform Technology for the past six years. For active traders and day traders, TradeStation was rated 5 stars and comes packed full of tools and functionality. And, for traders who do not require all the bells and whistles of the TradeStation desktop platform, a $0 trading plan option is available.Read full review.

SpeedTrader

DasTrader Pro Broker
SpeedTrader, a division of Mint Global Markets, has been serving active traders for 20 years. As a Das Trader Pro exclusive firm, SpeedTrader caters solely to hyperactive and professional traders and offers discounted commissions; however, pricing plans are complicated. Read full review.

Overall Rating

Feature TradeStation SpeedTrader
Overall 3.5 2.5
TradeStation Review SpeedTrader Review

Trading Fees

Feature TradeStation SpeedTrader
Minimum Deposit $500.00 $30,000.00
Stock Trade Fee (per trade) $0.00 $4.49
ETF Trade Fee $0.00 $4.49
Options Base Fee $0.00 N/A
Options Per Contract Fee $0.50 $0.00
Mutual Fund Trade Fee $14.95 $50.00
Broker Assisted Trades Fee $50.00 $30.00
Commissions & Fees 4.5 4
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Margin Rates

Feature TradeStation
Open Account
SpeedTrader
Under $24,999.99 9.25% 6.00%
$25,000.00 to $49,999.99 9.25% 6.00%
$50,000.00 to $99,999.99 8.50% 6.00%
$100,000.00 to $249,999.99 8.50% 6.00%
$250,000.00 to $499,999.99 8.50% 6.00%
$500,000.00 to $999,999.99 5.25% 6.00%
Above $1,000,000.00 5.25% 6.00%
Commissions & Fees 4.5 4
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Account Fees

Feature TradeStation SpeedTrader
IRA Annual Fee $35.00 N/A
IRA Closure Fee $50.00 N/A
Returned ACH Fee $25.00 $40.00
Returned Wire Fee $25.00 $40.00
Stock Certificate Processing Fee $150.00 N/A
Stock Certificate Delivery Fee $15.00 N/A
Paper Statement Fee $1.00 $10.00
Paper Confirmation Fee $1.00 $4.00
Domestic Wire Fee $25.00 $25.00
International Wire Fee $35.00 $75.00
Commissions & Fees 4.5 4

Investment Options

Feature TradeStation SpeedTrader
Stock Trading
Yes Yes
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
Yes No
Forex Trading
No No
Commission-Free ETFs all 0
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 Trading
No No
Offering of Investments 4 2.5
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Order Types

Feature TradeStation SpeedTrader
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes Yes
Order Type - Contingent
Yes No
Order Type - MultiContingent
Yes No
Order Type - OCO
Yes Yes
Order Type - OTO
Yes No
Order Type - OTOCO
Yes No
Offering of Investments 4 2.5
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Trading Platforms

Feature TradeStation SpeedTrader
Desktop Platform (Windows)
Yes Yes
Desktop Platform (Mac)
No No
Web Platform
Yes Yes
Paper Trading
Yes Yes
Trade Journal
No No
Watch Lists - Total Fields
335 30
Heat Mapping
No No
Platforms & Tools 4.5 3
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Charting Features

Feature TradeStation SpeedTrader
Charting - Trade Off Chart
Yes Yes
Charting - Indicators / Studies
282 36
Charting - Drawing Tools
23 9
Charting - Historical Trades
Yes No
Charting - Corporate Events
No No
Charting - Automated Analysis
No No
Charting - Save Profiles
Yes Yes
Charting - Study Customizations
12 8
Charting - Custom Studies
Yes No
Platforms & Tools 4.5 3
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Day Trading

Feature TradeStation SpeedTrader
Stock Alerts - Basic Fields
Yes Yes
Stock Alerts - Advanced Fields
Yes Yes
Streaming Time & Sales
Yes Yes
Streaming TV
No No
Direct Market Routing - Stocks
Yes Yes
Direct Market Routing - Options
Yes Yes
Ladder Trading
Yes Yes
Trade Hot Keys
Yes Yes
Level 2 Quotes - Stocks
Yes Yes
Level 2 Quotes - Options
Yes Yes
Trade Ideas - Backtesting
Yes No
Short Locator
Yes Yes
Order Liquidity Rebates
Yes No
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Mobile Trading Apps

Feature TradeStation SpeedTrader
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
No No
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes Yes
Trading - Conditional Orders
Yes No
Trading - Mutual Funds
No No
Trading - Simple Options
Yes Yes
Trading - Complex Options
Yes No
Trading - Option Rolling
No No
Touch / Face ID
Yes No
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Mobile App Features

Feature TradeStation SpeedTrader
Watch List Syncing
Yes No
Stock Alerts
Yes No
Charting - After Hours
Yes Yes
Charting - Drawing
Yes No
Charting - Study Customizations
Yes No
Heatmapping
No No
Stream Live TV
No No
Barcode Lookup
No No
Mobile Trading 4.5 2.5
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Research Overview

Feature TradeStation SpeedTrader
Research - Stocks
Yes Yes
Research - ETFs
Yes No
Research - Mutual Funds
No No
Research - Pink Sheets / OTCBB
Yes No
Research - Fixed Income
No No
Screener - Stocks
Yes No
Screener - ETFs
No No
Screener - Mutual Funds
No No
Screener - Options
Yes No
Screener - Bonds
No No
Misc - Portfolio Builder
No No
Misc - Portfolio Allocation
No No
Research 1.5 1
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Stock Research

Feature TradeStation SpeedTrader
Stock Research - Reports
0 0
Stock Research - Earnings
No No
Stock Research - Insiders
No No
Stock Research - Metric Comp
No No
Stock Research - SEC Filings
No No
Stock Research - Social
No No
Stock Research - Balance Sheet
No Yes
Stock Research - Cash Flows
No No
Stock Research - News
Yes Yes
Stock Research - ESG
No No
Research 1.5 1
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ETF Research

Feature TradeStation SpeedTrader
ETFs - Strategy Overview
No No
ETFs - Top 10 Holdings
No No
ETFs - Sector Exposure
No No
ETFs - Risk Analysis
No No
ETFs - Performance Analysis
No No
ETFs - Ratings
No No
ETFs - Morningstar StyleMap
No No
ETFs - Reports
No No
Research 1.5 1
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Mutual Fund Research

Feature TradeStation SpeedTrader
Mutual Funds - Strategy Overview
No No
Mutual Funds - Prospectus
No No
Mutual Funds - Reports
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
Mutual Funds - 3rd Party Ratings
No No
Research 1.5 1
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Options Trading

Feature TradeStation SpeedTrader
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
32 17
Option Chains - Greeks
5 0
Option Chains - Quick Analysis
Yes No
Option Analysis - P&L Charts
Yes No
Option Probability Analysis
Yes No
Option Probability Analysis Adv
Yes No
Option Positions - Greeks
Yes No
Option Positions - Adv Analysis
Yes No
Option Positions - Rolling
Yes No
Option Positions - Grouping
Yes No
Platforms & Tools 4.5 3
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Beginners

Feature TradeStation SpeedTrader
Has Education - Stocks
Yes Yes
Has Education - ETFs
No No
Has Education - Options
Yes No
Has Education - Mutual Funds
No No
Has Education - Fixed Income
No No
Has Education - Retirement
No No
Paper Trading
Yes Yes
Videos
Yes No
Webinars (Monthly Avg)
30 1
Webinars (Archived)
Yes Yes
Live Seminars
Yes No
Progress Tracking
No No
Interactive Learning - Quizzes
No No
Investor Magazine
Yes No
Education 3 1
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Banking

Feature TradeStation SpeedTrader
Retail Locations
0 0
Member FDIC
No No
Checking Accounts
No No
Savings Accounts
No No
Credit Cards
No No
Debit Cards
No No
Mortgage Loans
No No
No Fee Banking
No No
Banking 0.5 0.5
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Overall

Feature TradeStation SpeedTrader
TradeStation Review SpeedTrader Review
Overall 3.5 2.5
Winner check_circle

The StockBrokers.com annual broker review assesses more than a dozen different brokers over six months, surfacing the best online stock brokers. This review compares SpeedTrader vs TradeStation. Is SpeedTrader or TradeStation a better online broker?

First, we will make a comparison of the stock and option trading fees for trading with both brokers. SpeedTrader charges more than TradeStation for placing regular stock trades ($4.49 and $0, respectively). For options trading, both SpeedTrader and TradeStation charge the same base fee of $N/A. Option contracts are pricier at TradeStation, costing $0.50 versus $0 at SpeedTrader. Note that some brokers charge a per-share fee instead of a flat-fee commission. For a full breakdown of commissions, read our online broker reviews.

For our next comparison of these two brokers, being able to trade the way you want is a must. SpeedTrader offers clients Stock Trading and Options Trading while TradeStation offers Stock Trading, Options Trading, Mutual Funds and Futures Trading. When it comes to mutual funds, TradeStation boasts an offering of 4357 mutual funds compared to SpeedTrader's 0 available funds.

Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. Both SpeedTrader and TradeStation offer virtual trading. For mobile trading, SpeedTrader supports the iPhone App and Android App while TradeStation supports the iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Banking is not popular with SpeedTrader and TradeStation as Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are all unavailable.

Overall, between SpeedTrader and TradeStation, TradeStation is the winner.

SpeedTrader Review
TradeStation Review



All pricing data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. 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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