StockBrokers.com is committed to the highest ethical standards and reviews services independently. Learn how we make money.

TradeStation vs Vanguard 2022

Is TradeStation better than Vanguard? After testing 15 of the best online brokers over six months, TradeStation (73.22%) is better than Vanguard (62.82%). As a trading technology leader, TradeStation supports casual traders through its web-based platform and active traders through its award-winning desktop platform, all with $0 stock and ETF trades.


PROMO OFFER Trade Stocks, Options, Futures, & Crypto. Advertisement
Visit Site >

Overall Rating

Feature TradeStation Vanguard
Overall 4 3.5
Commissions & Fees 4.5 4.5
Offering of Investments 4.5 4.5
Platforms & Tools 4.5 1.5
Mobile Trading Apps 4.5 3
Research 2 2.5
Education 3.5 2.5
Ease of Use 4.5 4.5
TradeStation Review Vanguard Review
Winner check_circle

Trading Fees

Feature TradeStation Vanguard
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
ETF Trade Fee $0.00 $0.00
Mutual Fund Trade Fee $14.95 $20.00
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.60 $1.00
Futures (Per Contract) $1.50 N/A
Broker Assisted Trade Fee $0.00 $25.00

Margin Rates

Feature TradeStation Vanguard
Under $24,999.99 9.50% 8.50%
$25,000.00 to $49,999.99 9.50% 8.00%
$50,000.00 to $99,999.99 8.75% 7.50%
$100,000.00 to $249,999.99 8.75% 7.00%
$250,000.00 to $499,999.99 8.75% 6.50%
$500,000.00 to $999,999.99 5.50% 5.25%
Above $1,000,000.00 5.50% 4.75%

Account Fees

Feature TradeStation Vanguard
IRA Annual Fee $35.00 $0.00
IRA Closure Fee $50.00 $0.00
Account Transfer Out (Partial)
$125.00 $0.00
Account Transfer Out (Full)
$125.00 $0.00

Investment Options

Feature TradeStation Vanguard
Stock Trading
Yes Yes
Fractional Shares
No No
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
Yes No
Forex Trading
No No
Crypto Trading
Yes No
Crypto Trading - Total Coins
4 0
Mutual Funds (No Load)
887 N/A
Mutual Funds (Total)
4357 10000
Bonds (US Treasury)
Yes Yes
Bonds (Corporate)
Yes Yes
Bonds (Municipal)
Yes Yes
Advisor Services
No Yes
International Trading
No No

Order Types

Feature TradeStation Vanguard
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - After-Hours
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes No
Order Type - OCO
Yes No
Order Type - OTO
Yes No
Order Type - Broker Assisted
Yes Yes

Beginners

Feature TradeStation Vanguard
Education (Stocks)
Yes Yes
Education (ETFs)
No No
Education (Options)
Yes No
Education (Mutual Funds)
No No
Education (Bonds)
No No
Education (Retirement)
No Yes
Retirement Calculator
No Yes
Investor Dictionary
No No
Paper Trading
Yes No
Videos
Yes No
Webinars (Monthly Avg)
10
Webinars (Archived)
No No
Progress Tracking
No No
Interactive Learning - Quizzes
No No

Stock Trading Apps

Feature TradeStation Vanguard
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
No No
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes No
Trading - Simple Options
Yes No
Trading - Complex Options
Yes No
Order Ticket RT Quotes
Yes No
Order Ticket SRT Quotes
Yes No

Stock App Features

Feature TradeStation Vanguard
Market Movers (Top Gainers)
Yes No
Stream Live TV
No No
Videos on Demand
No No
Stock Alerts
Yes No
Option Chains Viewable
Yes No
Watch List (Real-time)
Yes No
Watch List (Streaming)
Yes No
Watch Lists - Create & Manage
Yes No
Watch Lists - Column Customization
Yes No
Watch List - Column Filtering
Yes Yes

Stock App Charting

Feature TradeStation Vanguard
Charting - After-Hours
Yes No
Charting - Can Turn Horizontally
Yes No
Charting - Multiple Time Frames
Yes No
Charting - Technical Studies
45 0
Charting - Study Customizations
Yes No
Charting - Stock Comparisons
No No

Trading Platforms

Feature TradeStation Vanguard
Desktop Trading Platform
Yes No
Web Trading Platform
Yes No
Paper Trading
Yes No
Trade Journal
No No
Watch Lists - Total Fields
335 9

Stock Chart Features

Feature TradeStation Vanguard
Charting - Adjust Trades on Chart
Yes No
Charting - Indicators / Studies
290 9
Charting - Drawing Tools
23
Charting - Notes
Yes No
Charting - Index Overlays
Yes Yes
Charting - Historical Trades
Yes No
Charting - Corporate Events
No No
Charting - Custom Date Range
Yes No
Charting - Custom Time Bars
Yes No
Charting - Automated Analysis
No No
Charting - Save Profiles
Yes No
Trade Ideas - Technical Analysis
Yes No
Charting - Study Customizations
12 1
Charting - Custom Studies
Yes No

Day Trading

Feature TradeStation Vanguard
Streaming Time & Sales
Yes No
Streaming TV
No No
Direct Market Routing - Stocks
Yes No
Ladder Trading
Yes No
Trade Hot Keys
Yes No
Level 2 Quotes - Stocks
Yes No
Trade Ideas - Backtesting
Yes No
Trade Ideas - Backtesting Adv
Yes No
Short Locator
Yes No
Order Liquidity Rebates
Yes No

Research Overview

Feature TradeStation Vanguard
Research - Stocks
Yes Yes
Research - ETFs
Yes No
Research - Mutual Funds
No Yes
Research - Pink Sheets / OTCBB
Yes No
Research - Bonds
No No
Screener - Stocks
Yes Yes
Screener - ETFs
No No
Screener - Mutual Funds
No Yes
Screener - Options
Yes No
Screener - Bonds
No No
Misc - Portfolio Allocation
No Yes

Stock Research

Feature TradeStation Vanguard
Stock Research - PDF Reports
0 2
Stock Research - Earnings
No Yes
Stock Research - Insiders
No No
Stock Research - SEC Filings
No No
Stock Research - Social
No No
Stock Research - Balance Sheet
No No
Stock Research - Cash Flows
No No
Stock Research - News
Yes Yes
Stock Research - ESG
No No

ETF Research

Feature TradeStation Vanguard
ETFs - Strategy Overview
No No
ETF Fund Facts - Inception Date
No No
ETF Fund Facts - Expense Ratio
No No
ETF Fund Facts - Net Assets
No No
ETF Fund Facts - Total Holdings
No No
ETFs - Top 10 Holdings
No No
ETFs - Performance Analysis
No No
ETFs - Sector Exposure
No No
ETFs - Risk Analysis
No No
ETFs - Ratings
No No
ETFs - Morningstar StyleMap
No No
ETFs - PDF Reports
No No

Mutual Fund Research

Feature TradeStation Vanguard
Mutual Funds - Strategy Overview
No Yes
Mutual Funds - Performance Chart
No Yes
Mutual Funds - Performance Analysis
No Yes
Mutual Funds - Prospectus
No Yes
Mutual Funds - PDF Reports
No No
Mutual Funds - Fees Breakdown
No Yes
Mutual Funds - Top 10 Holdings
No Yes
Mutual Funds - Asset Allocation
No No
Mutual Funds - Sector Allocation
No Yes
Mutual Funds - Country Allocation
No No
Mutual Funds - StyleMap
No Yes
Mutual Funds - 3rd Party Ratings
No No

Options Trading

Feature TradeStation Vanguard
Option Chains - Basic View
Yes Yes
Option Chains - Strategy View
Yes No
Option Chains - Streaming
Yes No
Option Chains - Total Columns
32 9
Option Chains - Greeks
5 0
Option Positions - Greeks Streaming
Yes No
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

Banking

Feature TradeStation Vanguard
Bank (Member FDIC)
No No
Checking Accounts
No No
Savings Accounts
No No
Credit Cards
No No
Debit Cards
No No
Mortgage Loans
No No

Customer Service

Feature TradeStation Vanguard
Phone Support (Prospect Customers)
No Yes
Phone Support (Current Customers)
No Yes
Email Support
Yes Yes
Live Chat (Prospect Customers)
No No
Live Chat (Current Customers)
Yes No
24/7 Support
No No

Overall

Feature TradeStation Vanguard
Overall 4 3.5
Commissions & Fees 4.5 4.5
Offering of Investments 4.5 4.5
Platforms & Tools 4.5 1.5
Mobile Trading Apps 4.5 3
Research 2 2.5
Education 3.5 2.5
Ease of Use 4.5 4.5
TradeStation Review Vanguard Review
Winner check_circle

Comparing brokers side by side is no easy task. For our 2022 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Let's compare TradeStation vs Vanguard.

Is TradeStation or Vanguard better for beginners?
TradeStation is better for beginner investors than Vanguard. TradeStation offers investors access to Paper Trading, Videos, Education (Stocks) and Education (Options).

What about TradeStation vs Vanguard pricing?
TradeStation and Vanguard charge the same amount for regular stock trades, $0. Looking at options, the base fees charged are the same for both brokers, $0. Option contracts are pricier at Vanguard, costing $1.00 versus $0.60 at TradeStation. For a complete commissions summary, see our best discount brokers guide.

Does TradeStation or Vanguard offer a wider range of investment options?
TradeStation offers a more diverse selection of investment options than Vanguard. TradeStation offers investors access to Stock Trading, OTCBB / Pink Sheets, Options Trading, Mutual Funds and Futures Trading. Looking at Mutual Funds, Vanguard boasts an offering of 10000 mutual funds compared to TradeStation's 4357 available funds.

Which trading platform is better: TradeStation or Vanguard?
To compare the trading platforms of both TradeStation and Vanguard, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, TradeStation offers a better experience. With research, Vanguard offers superior market research. Finally, we found TradeStation to provide better mobile trading apps.

Does either broker offer banking?
Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Neither TradeStation nor Vanguard offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans.

Overall winner: TradeStation

Read Next: Best Online Brokers 2021


Related Comparisons

All pricing data was obtained from a published web site as of 01/10/2022 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.

arrow_drop_upBack to top