Are you confused about whether to choose TradeStation vs Hargreaves Lansdown as a broker for your investing needs?
In this side-by-side comparison, we analyse TradeStation vs Hargreaves Lansdown 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!
TradeStation vs Hargreaves Lansdown: In a Nutshell
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.
Reliability and security (UK investors only)
Hargreaves Lansdown is one of the biggest UK platforms for individual investors. It serves more than 1.5 million clients with over £120 billion AUMs.
You will find the most relevant financial instruments (Stocks, ETF, funds,…). It’s a bit pricey, but it makes up for it by being one of the most reliable brokers.
It is well-established, secure and regulated by the FCA. The customer service is market-leading, and their educational resources are superb.
Pros and Cons
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
Hargreaves Lansdown
Pros
- Excellent research and educational tools
- Great customer service
- No inactivity fee
- No withdrawal fee
- No minimum deposit
- High reliability and security
- Listed in the FTSE 100 index
- Has ISA, SIPP, and other products and services catered to british investors
Cons
- High trading commissions (UK and overseas shares, investment trusts, ETFs, gilts and bonds)
- Annual account charges for funds (up to 0.45%)
- No demo account
- Only one base currency: GBP
- High currency conversion fee (up to 1%)
TradeStation vs Hargreaves Lansdown: 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.
