StockBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure

TD Ameritrade vs TradeStation 2019

The StockBrokers.com annual review (9 years running) takes six months to complete and produces over 30,000 words of research each year. Here's how we test.

Is TradeStation better than TD Ameritrade? After scoring brokers in nine separate categories for our 2019 review, TD Ameritrade (86.98%) is better than TradeStation (71.75%). The extra cost of trading with TD Ameritrade is worth every cent – the brokerage delivers fantastic platforms, research, mobile apps, education, and customer service. This outstanding all-round experience makes TD Ameritrade our No. 1 overall broker in 2019.

Exclusive Offer Trade free for 90 days + get up to $600 Open Account
Promo Offer Spring into the market action with FREE trading until 2020 Open Account
Advertisement
Open Account Open Account

Overall Rating

Feature TD Ameritrade TradeStation
Overall 4.5 3.5
TD Ameritrade Review TradeStation Review

Trading Fees

Feature TD Ameritrade TradeStation
Minimum Deposit $0.00 $500.00
Stock Trade Fee (per trade) $6.95 $5.00
ETF Trade Fee $6.95 $5.00
Options Base Fee $6.95 $5.00
Options Per Contract Fee $0.75 $0.50
Mutual Fund Trade Fee $49.99 $14.95
Broker Assisted Trades Fee $44.99 $50.00
Commissions & Fees 3.5 3.5
Winner check_circle

Margin Rates

Feature TD Ameritrade
Open Account
TradeStation
Open Account
Under $24,999.99 10.25% 9.25%
$25,000.00 to $49,999.99 10.00% 9.25%
$50,000.00 to $99,999.99 9.00% 8.50%
$100,000.00 to $249,999.99 8.75% 8.50%
$250,000.00 to $499,999.99 8.50% 8.50%
$500,000.00 to $999,999.99 8.50% 5.25%
Above $1,000,000.00 7.75% 5.25%
Commissions & Fees 3.5 3.5
Winner check_circle

Account Fees

Feature TD Ameritrade TradeStation
IRA Annual Fee $0.00 $35.00
IRA Closure Fee $0.00 $50.00
Returned ACH Fee $25.00 $25.00
Returned Wire Fee $25.00 $25.00
Stock Certificate Processing Fee $0.00 $150.00
Stock Certificate Delivery Fee $500.00 $15.00
Paper Statement Fee $0.00 $1.00
Paper Confirmation Fee $0.00 $1.00
Domestic Wire Fee $25.00 $25.00
International Wire Fee $25.00 $35.00
Commissions & Fees 3.5 3.5

Investment Options

Feature TD Ameritrade TradeStation
Stock Trading
Yes Yes
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
Yes Yes
Forex Trading
Yes No
Commission-Free ETFs 571 0
Mutual Funds (No Load)
5185 887
Mutual Funds (Total)
12418 4357
Bonds (US Treasury)
Yes Yes
Bonds (Corporate)
Yes Yes
Bonds (Municipal)
Yes Yes
Advisor Services
Yes No
International Trading
Yes No
Offering of Investments 4.5 4
Winner check_circle

Order Types

Feature TD Ameritrade TradeStation
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 Yes
Order Type - MultiContingent
Yes Yes
Order Type - OCO
Yes Yes
Order Type - OTO
Yes Yes
Order Type - OTOCO
Yes Yes
Offering of Investments 4.5 4
Winner check_circle

Trading Platforms

Feature TD Ameritrade TradeStation
Desktop Platform (Windows)
Yes Yes
Desktop Platform (Mac)
Yes No
Web Platform
Yes Yes
Paper Trading
Yes Yes
Trade Journal
Yes No
Watch Lists - Total Fields
514 335
Two-Factor Authentication Login
Yes Yes
Heat Mapping
Yes No
Platforms & Tools 5 4.5
Winner check_circle

Charting Features

Feature TD Ameritrade TradeStation
Charting - Trade Off Chart
Yes Yes
Charting - Indicators / Studies
411 282
Charting - Drawing Tools
22 23
Charting - Historical Trades
Yes Yes
Charting - Corporate Events
Yes No
Charting - Automated Analysis
Yes No
Charting - Save Profiles
Yes Yes
Charting - Study Customizations
9 12
Charting - Custom Studies
Yes Yes
Platforms & Tools 5 4.5
Winner check_circle

Day Trading

Feature TD Ameritrade TradeStation
Stock Alerts - Basic Fields
Yes Yes
Stock Alerts - Advanced Fields
Yes Yes
Streaming Time & Sales
Yes Yes
Streaming TV
Yes 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 Yes
Short Locator
No Yes
Client Liquidity Rebates
No Yes
Winner check_circle

Mobile Trading Apps

Feature TD Ameritrade TradeStation
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
Yes No
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes Yes
Trading - Conditional Orders
Yes Yes
Trading - Mutual Funds
No No
Trading - Simple Options
Yes Yes
Trading - Complex Options
Yes Yes
Trading - Option Rolling
Yes No
Touch / Face ID
Yes Yes
Winner check_circle

Mobile App Features

Feature TD Ameritrade TradeStation
Watch List Syncing
Yes Yes
Stock Alerts - Basic Fields
Yes Yes
Stock Alerts - Advanced Fields
No No
Charting - After Hours
Yes Yes
Charting - Drawing
Yes Yes
Charting - Study Customizations
Yes Yes
Customizable Homescreen
No No
Heatmapping
No No
Stream Live TV
Yes No
Barcode Lookup
Yes No
Mobile Trading 4.5 4.5
Winner check_circle

Research Overview

Feature TD Ameritrade TradeStation
Research - Stocks
Yes Yes
Research - ETFs
Yes Yes
Research - Mutual Funds
Yes No
Research - Pink Sheets / OTCBB
Yes Yes
Research - Fixed Income
Yes No
Research - Futures
Yes Yes
Research - Forex
Yes Yes
Screener - Stocks
Yes Yes
Screener - ETFs
Yes No
Screener - Mutual Funds
Yes No
Screener - Options
Yes Yes
Screener - Bonds
Yes No
Misc - Portfolio Builder
Yes No
Misc - Portfolio Allocation
Yes No
Research 5 1.5
Winner check_circle

Stock Research

Feature TD Ameritrade TradeStation
Stock Research - Reports
7 0
Stock Research - Earnings
Yes No
Stock Research - Insiders
Yes No
Stock Research - Metric Comp
Yes No
Stock Research - SEC Filings
Yes No
Stock Research - Social
Yes No
Stock Research - Balance Sheet
Yes No
Stock Research - Cash Flows
Yes No
Stock Research - News
Yes Yes
Stock Research - ESG
No No
Research 5 1.5
Winner check_circle

ETF Research

Feature TD Ameritrade TradeStation
ETFs - Strategy Overview
Yes No
ETFs - Top 10 Holdings
Yes No
ETFs - Sector Exposure
Yes No
ETFs - Risk Analysis
Yes No
ETFs - Performance Analysis
Yes No
ETFs - Ratings
Yes No
ETFs - Morningstar StyleMap
Yes No
ETFs - Reports
Yes No
Research 5 1.5
Winner check_circle

Mutual Fund Research

Feature TD Ameritrade TradeStation
Mutual Funds - Strategy Overview
Yes No
Mutual Funds - Prospectus
Yes No
Mutual Funds - Reports
Yes No
Mutual Funds - Fees Breakdown
Yes No
Mutual Funds - Top 10 Holdings
Yes No
Mutual Funds - Asset Allocation
Yes No
Mutual Funds - Sector Allocation
Yes No
Mutual Funds - Country Allocation
No No
Mutual Funds - StyleMap
Yes No
Mutual Funds - 3rd Party Ratings
Yes No
Research 5 1.5
Winner check_circle

Options Trading

Feature TD Ameritrade TradeStation
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
33 32
Option Chains - Greeks
5 5
Option Chains - Quick Analysis
Yes Yes
Option Analysis - P&L Charts
Yes Yes
Option Probability Analysis
Yes Yes
Option Probability Analysis Adv
Yes Yes
Option Positions - Greeks
Yes Yes
Option Positions - Adv Analysis
Yes Yes
Option Positions - Rolling
Yes Yes
Option Positions - Grouping
Yes Yes
Platforms & Tools 5 4.5
Winner check_circle

Beginners

Feature TD Ameritrade TradeStation
Has Education - Stocks
Yes Yes
Has Education - ETFs
Yes No
Has Education - Options
Yes Yes
Has Education - Mutual Funds
Yes No
Has Education - Fixed Income
Yes No
Has Education - Retirement
Yes No
Paper Trading
Yes Yes
Videos
Yes Yes
Webinars (Monthly Avg)
500 30
Webinars (Archived)
Yes Yes
Live Seminars
Yes Yes
Progress Tracking
Yes No
Interactive Learning - Quizzes
Yes No
Investor Magazine
Yes Yes
Education 5 3
Winner check_circle

Banking

Feature TD Ameritrade TradeStation
Retail Locations
364 0
Member FDIC
No No
Checking Accounts
Yes No
Savings Accounts
No No
Credit Cards
Yes No
Debit Cards
Yes No
Mortgage Loans
No No
No Fee Banking
Yes No
Banking 3 0.5
Winner check_circle

Overall

Feature TD Ameritrade TradeStation
TD Ameritrade Review TradeStation Review
Overall 4.5 3.5
Winner check_circle
Using data from our latest annual broker review which tested more than a dozen different online brokers over six months, we can compare TD Ameritrade vs TradeStation to determine which broker is best. Let's dive in.

First, we will break down the commission charges of both brokers for placing stock and options trades. TD Ameritrade, with its regular stock trades costing $6.95, is more expensive than TradeStation's rate of $5.00 per trade. For options trading, TD Ameritrade has a base fee of $6.95, and TradeStation a base fee of $5.00. TradeStation's per contract rate of $0.50 is less than TD Ameritrade which charges $0.75. Instead of flat rate fees, several brokers charge a per-share fee instead. For a complete review of trading charges, read our full online broker reviews.

Next, investors want to make sure they can trade the investment vehicle they want. TradeStation offers clients Stock Trading, Options Trading, Mutual Funds and Futures Trading while TD Ameritrade offers Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading. As far as mutual funds go, TD Ameritrade boasts an offering of 12418 mutual funds compared to TradeStation's 4357 available funds.

Finally, by comparing the each broker's website and platform features, we can surface interesting differences. TD Ameritrade and TradeStation both offer virtual trading. For mobile trading, Both TD Ameritrade and TradeStation offer clients access to an iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Checking Accounts, Debit Cards and Credit Cards are available to clients of TD Ameritrade while TradeStation offers customers none of these.

Overall, between TD Ameritrade and TradeStation, TD Ameritrade is the winner.

TD Ameritrade 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.

TD Ameritrade, Inc. and StockBrokers.com are separate, unaffiliated companies and are not responsible for each other’s services and products. View terms.

arrow_drop_upBack to top