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 TD Ameritrade vs TradeStation. Is TD Ameritrade or TradeStation a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. TD Ameritrade and TradeStation have equal fees for trading stocks (equities), $0 per trade. For options trading, both TD Ameritrade and TradeStation charge the same base fee of $0. Each option contract then costs $0.65 at TD Ameritrade and $0.50 at TradeStation. 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. 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. When it comes to mutual funds, TD Ameritrade boasts an offering of 12418 mutual funds compared to TradeStation's 4357 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 TD Ameritrade and TradeStation offer virtual trading. For mobile trading, TD Ameritrade along with TradeStation both support the iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. 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