Are you confused about whether to choose E*TRADE vs TradeStation as a broker for your investing needs?
In this side-by-side comparison, we analyse E*TRADE vs TradeStation to help you understand how these apps compare on some of the most common features and make a better-informed decision about the best broker for you.
Below, you’ll find the pros and cons of each broker, as well as a comparison table that features the different fees charged, the financial instruments supported, the regulation, and more. Keep reading!
E*TRADE vs TradeStation: In a Nutshell
US beginner and intermediate investors
E*TRADE is an online brokerage platform that provides a user-friendly and accessible way for beginners to start investing in the stock market.
The platform offers real-time streaming quotes, customizable charts, and research tools to help you analyze stocks and make informed decisions.
E*TRADE provides a wealth of educational materials, including articles, videos, webinars, and interactive courses, to help beginners learn about investing and develop their knowledge and skills.
US investors looking for commission-free trades
TradeStation is a comprehensive online brokerage platform designed for active traders and investors, giving you a wide range of tradable assets (stocks, ETFs, options, futures, and forex),
One of the standout features of TradeStation is its robust trading technology. The platform provides access to real-time market data, customizable charting tools, and advanced order execution options.
The platform offers a wide range of educational resources, including webinars, tutorials, and a vibrant online community where traders can exchange ideas and insights.
Pros and Cons
E*TRADE
Pros
- 0% commission on US-listed stocks, ETFs, mutual funds, and options
- Wide range of investment products
- Automated investment portfolios
- Retirement accounts
- Good educational content
- Excellent customer support
Cons
- No international exchange trading (no European stocks, for example)
- Website can be dificult to navigate
- Fractional shares are not fully available
TradeStation
Pros
- 0% commissions on stocks and ETFs
- Low commission on options trading
- Good research and education tools
- Sophisticated trading platforms
Cons
- Minimum deposit of $500
- High fees on withdrawal
- Weak customer support
E*TRADE vs TradeStation: Side-by-side Comparison
- General Information
- Founded in
- Demo Account
- Account Minimum
- Interest on unninvested cash (annually)
- Products
- Stocks
- ETFs
- Bonds
- Funds
- Options
- Futures
- CFDs
- Leverage Products
- Forex
- Cryptocurrencies
- Commodities
- Fees
- US stocks
- EU stocks
- ETFs
- Cryptocurrencies
- Custody Fee
- Inactivity Fee
- Withdrawal Fee
- Connectivity Fee
- Currency Conversion Fee
- Security
- Regulators
- Investor Compensation Scheme(per person, per institution)
Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.
