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TradeStation vs Citi Self Invest 2024

StockBrokers.com

Written by StockBrokers.com

October 30, 2024

In this head to head comparison of TradeStation vs Citi Self Invest, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.

TradeStation
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.60
Citi Self Invest
3.5/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): N/A

Investment options

When delving into the investment possibilities presented by TradeStation and Citi Self Invest, it becomes clear that TradeStation offers a more expansive range of options, securing a 4.5-star rating compared to Citi Self Invest’s 2.5 stars. Ranked #5 by StockBrokers.com for investment options, TradeStation stands out for its comprehensive selection, whereas Citi Self Invest, positioned at #18, offers a more limited set of choices. This comparison highlights TradeStation’s broader reach and flexibility in catering to diverse investment needs.

TradeStation provides a wide array of investment opportunities, including stock trading, margin trading, and options trading, as well as access to OTC stocks and futures trading. Additionally, it supports traditional and Roth IRA accounts, making it a robust choice for serious investors seeking variety. However, it does not offer fractional shares, forex trading, or crypto trading. Despite these limitations, its strong lineup places it among the top contenders for those seeking varied and dynamic trading options.

In contrast, Citi Self Invest covers the basics with stock trading and mutual fund options, alongside support for traditional and Roth IRA accounts. However, it notably lacks offerings in margin trading, OTC stocks, options and futures trading, as well as crypto and forex trading. For investors focused on a straightforward approach, Citi Self Invest may suffice, but for those desiring more comprehensive investment avenues, TradeStation is likely the more appealing option.

Feature TradeStation logoTradeStation
Citi Self Invest logoCiti Self Invest
Stock Trading info Yes Yes
Margin Trading Yes No
Fractional Shares info No No
OTC Stocks info Yes No
Mutual Funds info Yes Yes
Options Trading info Yes No
Futures Trading info Yes No
Crypto Trading info No No
Crypto Trading - Total Coins info 0 0
Investment Options 4.5/5 Stars 2.5/5 Stars

Dive deeper: Best Options Trading Platforms & Brokers, 5 Best Futures Trading Platforms of 2024

Trading platforms and tools

In comparing TradeStation and Citi Self Invest, TradeStation distinctly stands out as the superior choice for traders seeking robust trading platforms and tools. With a 4.5-star rating, TradeStation offers comprehensive features that significantly enhance trading experiences, ranking 7th out of 18 brokers by StockBrokers.com. Conversely, Citi Self Invest earns a modest 2.5-star rating and ranks 16th, indicating fewer offerings and less advanced functionality for users.

TradeStation provides a Windows desktop downloadable trading platform, missing from Citi Self Invest, and a browser-based platform available from both providers. Moreover, TradeStation excels in providing features like paper trading, which Citi Self Invest does not offer. With 341 fields for watch lists and the ability to adjust open orders on stock charts, TradeStation delivers an enhanced and customizable trading environment with extensive charting tools, technical indicators, and customization options. In contrast, Citi Self Invest offers none of these capabilities, limiting its suitability for traders seeking in-depth analysis and strategy development.

For traders focused on technical analysis and charting, TradeStation surpasses Citi Self Invest by offering 294 technical indicators and 23 drawing tools, alongside unique capabilities like adding notes to charts, setting custom date ranges, and saving multiple chart profiles. Citi Self Invest falls short with none of these features, providing basic charting functionalities that may not meet the needs of more experienced traders. TradeStation’s ability to create custom studies and its comprehensive customization options for stock charts further cement its role as a leading platform for traders.

Feature TradeStation logoTradeStation
Citi Self Invest logoCiti Self Invest
Web Trading Platform info Yes Yes
Desktop Trading Platform info Yes No
Desktop Platform (Mac) info No No
Paper Trading info Yes No
Watch Lists - Total Fields info 341 0
Charting - Indicators / Studies info 294 0
Charting - Drawing Tools info 23 0
Platforms & Tools 4.5/5 Stars 2.5/5 Stars

Dive deeper: Best Stock Brokers for 2024, Best Paper Trading Platforms of 2024

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Beginners and education

When it comes to beginner and investor education, TradeStation clearly has the upper hand compared to Citi Self Invest. TradeStation offers extensive resources such as stock and options education, in addition to providing interactive learning tools like paper trading and educational videos and webinars. These features make it an attractive choice for novice investors looking to immerse themselves in the world of stocks and options. In contrast, Citi Self Invest does not provide stock or options education, nor does it offer engaging educational videos or webinars, leaving its users with limited options for learning from their platform.

However, Citi Self Invest does have some unique offerings aimed at a different kind of educational support. It provides educational quizzes and the ability for users to track their learning progress, two features that TradeStation does not. Despite these tools, Citi Self Invest's overall education capabilities only earn it a 1.5-star rating, and a last-place rank of #18 out of 18 brokers according to StockBrokers.com. Conversely, TradeStation’s more well-rounded educational offerings earn it a commendable 3.5-star rating, placing it at #11 among its peers for educational resources.

Feature TradeStation logoTradeStation
Citi Self Invest logoCiti Self Invest
Education (Stocks) info Yes No
Education (ETFs) info No No
Education (Options) info Yes No
Education (Mutual Funds) info No No
Education (Bonds) info No No
Paper Trading info Yes No
Videos info Yes No
Webinars info Yes No
Education 3.5/5 Stars 1.5/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2024

Stock trading apps

When comparing the stock trading app capabilities of TradeStation and Citi Self Invest, TradeStation stands out as the preferred option for most traders. TradeStation excels with its wide range of features, such as mobile after-hours stock trading, options trading, streaming quotes, stock alerts, and extensive charting capabilities with 45 technical studies. On the other hand, Citi Self Invest offers essential features like custom watch lists and multiple time frames for charting, but lacks in other areas that are crucial for active traders.

Both TradeStation and Citi Self Invest provide iPhone and Android apps, ensuring traders can access their portfolios easily on the go. However, neither platform offers an Apple Watch app, streaming live TV, or videos on demand. TradeStation enhances the mobile trading experience with features like customizable watch list columns and after-hours charting, while Citi Self Invest doesn’t support these functionalities. The ability to customize the app’s interface and receive real-time trading information places TradeStation at an advantage over Citi Self Invest.

Though both platforms allow the viewing of multiple time frames for charting, TradeStation’s arsenal of 45 technical studies far outshines Citi Self Invest’s lack of any technical studies. This comprehensive suite of tools is pivotal for technical analysis, catering to traders who depend on in-depth data insights. TradeStation’s superior feature set is reflected in its app rating of 4.5 stars and its ranking as #8 out of 18 brokers by StockBrokers.com, while Citi Self Invest holds a 3-star rating and ranks #17, indicative of its more limited offering in comparison.

Feature TradeStation logoTradeStation
Citi Self Invest logoCiti Self Invest
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info No No
Stock Alerts info Yes No
Charting - After-Hours info Yes No
Charting - Technical Studies info 45 0
Mobile Trading Apps 4.5/5 Stars 3/5 Stars

Dive deeper: Best Stock Trading Apps of 2024

Fees

When comparing TradeStation and Citi Self Invest, one can clearly see distinct advantages in cost structures for certain services. Both platforms offer a $0 minimum deposit and no fees for regular stock trades, making them attractive options for cost-conscious traders. However, Citi Self Invest appears to shine with no IRA annual fees and a lower IRA closure fee of $95 compared to TradeStation's $50. On the other hand, TradeStation provides opportunities for options trading—a feature Citi Self Invest does not offer—albeit with a $0.60 per options contract fee. Ultimately, your investment needs and strategic preferences will determine the best platform for your needs.

Delving into specific fee structures, TradeStation charges $0.60 per options contract and offers a range of margin balances with rates as low as 12.5% for balances between $50,000 and $99,999. In contrast, Citi Self Invest does not offer options trading or margin accounts. Both platforms charge $0 for regular stock trades, catering to investors looking to minimize trading costs. For IRA-related fees, TradeStation presents a $35 annual fee and a $50 closure fee, while Citi Self Invest only imposes a $95 closure fee.

Account transfer fees further differentiate the two brokers, with TradeStation charging $125 for both partial and full Account Transfers (ACAT), whereas Citi Self Invest charges a lower fee of $95 for the same services. For traders engaging in options trading, TradeStation applies a $14.95 fee for options exercise and $5.95 for options assignment, whereas Citi Self Invest does not charge any fees for these services as they do not support options trading. Overall, each broker presents distinct advantages that cater to different trading strategies and investor needs.

Feature TradeStation logoTradeStation
Citi Self Invest logoCiti Self Invest
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
Options (Per Contract) $0.60 N/A
Options Exercise Fee $14.95 N/A
Options Assignment Fee $5.95 N/A
IRA Annual Fee $35.00 $0.00
IRA Closure Fee $50.00 $95.00
Commissions & Fees 4.5/5 Stars 4.5/5 Stars

Dive deeper: Best Brokers for Free Stock Trading of 2024

Day Trading

When comparing the day trading capabilities of TradeStation and Citi Self Invest, TradeStation significantly outshines its competitor with its comprehensive suite of tools tailored for the active trader. Unlike Citi Self Invest, TradeStation provides streaming time and sales for stocks, essential for traders seeking real-time data analysis. It also offers direct market routing for stocks, ladder trading, and trading hotkeys for seamless keyboard trade entry, features that are notably absent from Citi Self Invest's platform. TradeStation users benefit from level 2 quotes, giving them deeper market insight, and the advanced functionality of both basic and advanced strategy backtesting for more refined trading strategies.

Moreover, TradeStation enhances the trading experience with a short locator tool that allows customers to view the current real-time availability of shares available for shorting by security, a feature Citi Self Invest does not provide. For active traders interested in maximizing their trading efficiency and reducing costs, TradeStation offers order liquidity (maker/taker) rebates, which are not available through Citi Self Invest. While neither platform offers streaming live TV, TradeStation clearly offers a robust set of features that cater specifically to day traders seeking a competitive edge in the market.

Feature TradeStation logoTradeStation
Citi Self Invest logoCiti Self Invest
Streaming Time & Sales info Yes No
Streaming TV info No No
Direct Market Routing - Stocks info Yes No
Level 2 Quotes - Stocks info Yes No
Trade Ideas - Backtesting info Yes No
Trade Ideas - Backtesting Adv info Yes No
Short Locator info Yes No

Dive deeper: Best Day Trading Platforms of 2024

Market Research

When evaluating the market research capabilities of TradeStation and Citi Self Invest, TradeStation emerges slightly ahead, receiving a 3-star rating compared to Citi Self Invest's 2.5-star rating. This difference reflects TradeStation's broader research offerings, particularly in providing stock and ETF analytics, along with its inclusion of Pink Sheets and OTCBB research—areas where both brokers are equipped. Notably, neither platform offers mutual funds or bonds research, nor do they utilize social media sentiment data or ESG metrics in their analyses. Despite limitations in downloadable PDF research reports and advanced ESG insights, TradeStation is ranked 10th out of 18 brokers by StockBrokers.com, outperforming Citi Self Invest, which ranks 15th.

Both TradeStation and Citi Self Invest provide users the ability to analyze portfolio allocation by asset class, ensuring investors can closely monitor their diversification strategies. However, neither platform currently supports downloadable PDF research reports for stocks, ETFs, or mutual funds, which could be a drawback for users seeking comprehensive, easily-sharable insights. Furthermore, the absence of ESG research and stock research using social media sentiment data indicates a potential gap in keeping pace with evolving research trends, affecting both platforms equally.

TradeStation makes strides with its stock screener for generating trade ideas, an advantage Citi Self Invest does not offer, enhancing TradeStation's appeal to active traders seeking innovative investment strategies. Nonetheless, both platforms lack similar tools for ETFs, mutual funds, and bonds, possibly limiting their attractiveness for investors focused on these asset classes. In summary, while both brokers provide foundational market research tools, TradeStation's marginally richer feature set and better industry rankings underscore its comparative advantage in market research capabilities over Citi Self Invest.

Feature TradeStation logoTradeStation
Citi Self Invest logoCiti Self Invest
Research - Stocks info Yes Yes
Screener - Stocks info Yes No
Research - ETFs info Yes Yes
Screener - ETFs info No No
Research - Mutual Funds info No No
Screener - Mutual Funds info No No
Research - Bonds info No No
Screener - Bonds info No No
Research 3/5 Stars 2.5/5 Stars

Banking

When comparing the banking capabilities of online broker TradeStation and Citi Self Invest, Citi Self Invest clearly outpaces TradeStation in a variety of financial services. Unlike TradeStation, which doesn't offer any banking products, Citi Self Invest provides a comprehensive range of banking amenities, including checking and savings accounts, debit and credit cards, and mortgage loan services. While both platforms do not offer Certificates of Deposit (CDs), Citi Self Invest's array of banking products makes it a more versatile choice for users seeking a robust financial experience alongside their investment activities.

Feature TradeStation logoTradeStation
Citi Self Invest logoCiti Self Invest
Checking Accounts info No Yes
Savings Accounts info No Yes
Debit Cards info No Yes
Credit Cards info No Yes
Mortgage Loans info No Yes
CDs info No No

Dive deeper: Best Bank Brokerages of 2024

Winner

After opening live accounts and testing 18 of the best online brokers, our research and live account testing finds that TradeStation is better than Citi Self Invest. TradeStation finished with an overall score of 81.7%, while Citi Self Invest finished with a score of 70.6%.

TradeStation supports casual traders through its web-based platform and active traders through its desktop platform. We like the web-based platform and mobile app, but the flagship desktop platform could use a refresh.

FAQs

Can you trade cryptocurrency with TradeStation or Citi Self Invest?

Both TradeStation and Citi Self Invest do not offer crypto trading, providing zero coins for crypto trading enthusiasts.

Dive deeper: Best Crypto Trading Platforms of 2024

Does TradeStation or Citi Self Invest offer IRAs?

TradeStation and Citi Self Invest both offer traditional and Roth IRA accounts; however, TradeStation charges an annual fee of $35.00 for IRA accounts, while Citi Self Invest does not charge any annual fee. Additionally, closing an IRA account with TradeStation incurs a $50.00 fee, whereas Citi Self Invest's closure fee is $95.00.

Dive deeper: Best IRA Accounts of 2024

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Compare

0 of 5
Overall Rating TradeStation Citi Self Invest
Overall 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4.5/5 Stars 2.5/5 Stars
Platforms & Tools 4.5/5 Stars 2.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 3/5 Stars
Research 3/5 Stars 2.5/5 Stars
Customer Service 3.5/5 Stars N/A
Education 3.5/5 Stars 1.5/5 Stars
Ease Of Use 3.5/5 Stars 4.5/5 Stars
Winner check_circle
Review TradeStation Review Citi Self Invest Review
Broker Screenshots TradeStation Citi Self Invest
Trading Platform & Tools Gallery (click to expand)
Research Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Trading Fees TradeStation Citi Self Invest
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
Penny Stock Fees (OTC) info $0.01 info N/A info
Mutual Fund Trade Fee $14.95 0
Options (Per Contract) $0.60 N/A
Futures (Per Contract) $1.50 (Not offered)
Broker Assisted Trade Fee $25 n/a
Margin Rates TradeStation Citi Self Invest
Margin Rate Under $25,000 13.5% Not offered
Margin Rate $25,000 to $49,999.99 13.5% Not offered
Margin Rate $50,000 to $99,999.99 12.5% Not offered
Margin Rate $100,000 to $249,999.99 12.5% Not offered
Margin Rate $250,000 to $499,999.99 12.5% Not offered
Margin Rate $500,000 to $999,999.99 8% info Not offered
Margin Rate Above $1,000,000 8% info Not offered
Account Fees TradeStation Citi Self Invest
IRA Annual Fee $35.00 $0.00
IRA Closure Fee $50.00 $95.00
Account Transfer Out (Partial) info $125.00 $95.00
Account Transfer Out (Full) info $125.00 $95.00
Options Exercise Fee $14.95 N/A
Options Assignment Fee $5.95 N/A
Investment Options TradeStation Citi Self Invest
Stock Trading info Yes Yes
Margin Trading Yes No
Fractional Shares info No No
OTC Stocks info Yes No
Options Trading info Yes No
Complex Options Max Legs info 4
Futures Trading info Yes No
Forex Trading info No No
Crypto Trading info No No
Crypto Trading - Total Coins info 0 0
Mutual Funds (No Load) info 800 820
Mutual Funds (Total) info 4000 820
Bonds (US Treasury) info Yes No
Bonds (Corporate) info Yes No
Bonds (Municipal) info Yes No
Traditional IRAs info Yes Yes
Roth IRAs info Yes Yes
Advisor Services info No No
International Countries (Stocks) info 0 0
Order Types TradeStation Citi Self Invest
Order Type - Market info Yes Yes
Order Type - Limit info Yes Yes
Order Type - After Hours info Yes No
Order Type - Stop info Yes Yes
Order Type - Trailing Stop info Yes No
Order Type - OCO info Yes No
Order Type - OTO info Yes No
Order Type - Broker Assisted info Yes No
Beginners TradeStation Citi Self Invest
Education (Stocks) info Yes No
Education (ETFs) info No No
Education (Options) info Yes No
Education (Mutual Funds) info No No
Education (Bonds) info No No
Education (Retirement) info No No
Retirement Calculator info No No
Investor Dictionary info No No
Paper Trading info Yes No
Videos info Yes No
Webinars info Yes No
Webinars (Archived) info Yes No
Progress Tracking info No Yes
Interactive Learning - Quizzes info No Yes
Stock Trading Apps TradeStation Citi Self Invest
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info No No
Trading - Stocks info Yes Yes
Trading - After-Hours info Yes No
Trading - Simple Options info Yes No
Trading - Complex Options info Yes No
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info Yes No
Stock App Features TradeStation Citi Self Invest
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info No No
Videos on Demand info No No
Stock Alerts info Yes No
Option Chains Viewable info Yes No
Watch List (Real-time) info Yes Yes
Watch List (Streaming) info Yes No
Watch Lists - Create & Manage info Yes Yes
Watch Lists - Column Customization info Yes No
Stock App Charting TradeStation Citi Self Invest
Charting - After-Hours info Yes No
Charting - Can Turn Horizontally info No No
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 45 0
Charting - Study Customizations info Yes No
Charting - Stock Comparisons info No No
Trading Platforms TradeStation Citi Self Invest
Active Trading Platform info TradeStation 10 n/a
Desktop Trading Platform info Yes No
Desktop Platform (Mac) info No No
Web Trading Platform info Yes Yes
Paper Trading info Yes No
Trade Journal info No No
Watch Lists - Total Fields info 341 0
Stock Chart Features TradeStation Citi Self Invest
Charting - Adjust Trades on Chart info Yes No
Charting - Indicators / Studies info 294 0
Charting - Drawing Tools info 23 0
Charting - Notes info Yes No
Charting - Index Overlays info Yes No
Charting - Historical Trades info Yes No
Charting - Corporate Events info Yes No
Charting - Custom Date Range info Yes No
Charting - Custom Time Bars info Yes No
Charting - Automated Analysis info Yes No
Charting - Save Profiles info Yes No
Trade Ideas - Technical Analysis info Yes No
Charting - Study Customizations info 12 0
Charting - Custom Studies info Yes No
Day Trading TradeStation Citi Self Invest
Streaming Time & Sales info Yes No
Streaming TV info No No
Direct Market Routing - Stocks info Yes No
Ladder Trading info Yes No
Trade Hotkeys info Yes No
Level 2 Quotes - Stocks info Yes No
Trade Ideas - Backtesting info Yes No
Trade Ideas - Backtesting Adv info Yes No
Short Locator info Yes No
Order Liquidity Rebates info Yes No
Research Overview TradeStation Citi Self Invest
Research - Stocks info Yes Yes
Research - ETFs info Yes Yes
Research - Mutual Funds info No No
Research - Pink Sheets / OTCBB info Yes Yes
Research - Bonds info No No
Screener - Stocks info Yes No
Screener - ETFs info No No
Screener - Mutual Funds info No No
Screener - Bonds info No No
Misc - Portfolio Allocation info Yes Yes
Stock Research TradeStation Citi Self Invest
Stock Research - PDF Reports info 0 0
Stock Research - Earnings info No No
Stock Research - Insiders info No No
Stock Research - Social info No No
Stock Research - News info Yes Yes
Stock Research - ESG info No No
Stock Research - SEC Filings info No No
ETF Research TradeStation Citi Self Invest
ETFs - Strategy Overview info No Yes
ETF Fund Facts - Inception Date info No No
ETF Fund Facts - Expense Ratio info No Yes
ETF Fund Facts - Net Assets info No No
ETF Fund Facts - Total Holdings info No No
ETFs - Top 10 Holdings info No Yes
ETFs - Sector Exposure info No No
ETFs - Risk Analysis info No Yes
ETFs - Ratings info No Yes
ETFs - Morningstar StyleMap info No No
ETFs - PDF Reports info No No
Mutual Fund Research TradeStation Citi Self Invest
Mutual Funds - Strategy Overview info No Yes
Mutual Funds - Performance Chart info No Yes
Mutual Funds - Performance Analysis info No Yes
Mutual Funds - Prospectus info No No
Mutual Funds - 3rd Party Ratings info Yes Yes
Mutual Funds - Fees Breakdown info No No
Mutual Funds - Top 10 Holdings info No Yes
Mutual Funds - Asset Allocation info No Yes
Mutual Funds - Sector Allocation info No No
Mutual Funds - Country Allocation info No No
Mutual Funds - StyleMap info No No
Options Trading TradeStation Citi Self Invest
Option Chains - Basic View info Yes No
Option Chains - Strategy View info Yes No
Option Chains - Streaming info Yes No
Option Chains - Total Columns info 29 0
Option Chains - Greeks info 5 0
Option Chains - Quick Analysis info Yes No
Option Analysis - P&L Charts info Yes No
Option Probability Analysis info Yes No
Option Probability Analysis Adv info Yes No
Option Positions - Greeks info Yes No
Option Positions - Greeks Streaming info Yes No
Option Positions - Adv Analysis info Yes No
Option Positions - Rolling info Yes No
Option Positions - Grouping info Yes No
Banking TradeStation Citi Self Invest
Bank (Member FDIC) info No Yes
Checking Accounts info No Yes
Savings Accounts info No Yes
Credit Cards info No Yes
Debit Cards info No Yes
Mortgage Loans info No Yes
Customer Service TradeStation Citi Self Invest
Phone Support (Prospect Customers) info Yes No
Phone Support (Current Customers) info Yes Yes
Email Support info Yes No
Live Chat (Prospect Customers) info Yes No
Live Chat (Current Customers) info Yes No
24/7 Support info No Yes
Overall TradeStation Citi Self Invest
Overall 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4.5/5 Stars 2.5/5 Stars
Platforms & Tools 4.5/5 Stars 2.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 3/5 Stars
Research 3/5 Stars 2.5/5 Stars
Education 3.5/5 Stars 1.5/5 Stars
Ease Of Use 3.5/5 Stars 4.5/5 Stars
Winner check_circle
Review TradeStation Review Citi Self Invest Review
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