TradeStation vs eToro 2025
In this head to head comparison of TradeStation vs eToro, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
In this head to head comparison of TradeStation vs eToro, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
When deciding between TradeStation and eToro for your investment needs, it comes down to what types of accounts and investments you prioritize. TradeStation, known for its broad range of investment options, offers everything from stock and margin trading to mutual funds, options trading, and futures. In contrast, eToro excels primarily in niche areas such as fractional shares and cryptocurrency, boasting access to 26 different crypto coins. Hence, if you're seeking traditional investment vehicles paired with robust trading capabilities, TradeStation might edge out as your preferred choice. However, if your focus is on innovative investment methods like crypto and fractional shares, eToro is worth considering.
TradeStation provides a wide array of traditional investment offerings, including stock, margin, options, mutual funds, and futures trading, which appeals to investors looking for a more conventional portfolio. Additionally, it supports OTC stocks and offers IRA accounts such as Traditional and Roth IRAs. Interestingly, TradeStation does not support forex or crypto trading, focusing instead on established market investments. Though it takes a traditional approach, TradeStation's range of investments earns it a commendable 4.5 stars and a #5 ranking for Range of Investments by StockBrokers.com.
On the other hand, eToro offers investors the opportunity to trade stocks and options and stands out with its support for fractional shares, an attractive feature for those looking to invest smaller amounts in expensive stocks. Moreover, eToro provides access to an impressive selection of 26 cryptocurrencies, catering to individuals passionate about digital currency. However, eToro does not offer margin trading, futures, mutual funds, OTC stocks, or IRAs, which may limit its appeal to traditional investors. With a 2.5-star rating and a #16 position in the Range of Investments ranking, eToro may best suit those who prioritize crypto and innovative trading models over conventional investment offerings.
Feature |
|
|
---|---|---|
Stock Trading | Yes | Yes |
Margin Trading | Yes | No |
Fractional Shares | No | Yes |
OTC Stocks | Yes | No |
Mutual Funds | Yes | No |
Options Trading | Yes | Yes |
Futures Trading | Yes | No |
Crypto Trading | No | Yes |
Crypto Trading - Total Coins | 0 | 26 |
Range of Investments |
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Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025
When comparing TradeStation and eToro, TradeStation clearly stands out, offering more advanced trading tools and features that cater to those who seek a comprehensive trading experience. It boasts one of the most sophisticated platforms available, earning it an impressive 4.5-star rating from StockBrokers.com and a top-three ranking among 16 brokers. In contrast, eToro, with a 2.5-star rating, ranks 12th, providing a more basic trading experience suited for beginners or those looking for simplicity over extensive tools.
TradeStation excels with its downloadable Windows desktop platform, which eToro lacks, and both offer browser-based platforms and paper trading options. However, the detailed features of TradeStation give it an edge, such as the ability to adjust open orders directly on a stock chart, show historical trades, and display corporate events. With capabilities to set custom date ranges and show automated technical analysis, TradeStation's charting tools are highly customizable and advanced, offering 294 technical indicators compared to eToro's 46.
For chart enhancements, while eToro offers more drawing tools, TradeStation allows for creating custom studies and a more detailed editing field for indicators. Watch lists are also more informative in TradeStation, offering 341 columns versus eToro's 7. Both platforms allow users to add notes and index overlays to charts, but TradeStation's strengths lie in its depth of customization and information, making it a favorite among traders who need a powerful trading toolkit.
Feature |
|
|
---|---|---|
Web Trading Platform | Yes | Yes |
Desktop Trading Platform | Yes | No |
Desktop Platform (Mac) | No | No |
Paper Trading | Yes | Yes |
Watch Lists - Total Fields | 341 | 7 |
Charting - Indicators / Studies | 294 | 46 |
Charting - Drawing Tools | 23 | 48 |
Platforms & Tools |
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Dive deeper: 7 Best Brokerage Accounts for 2025, Best Paper Trading Platforms for 2025
When it comes to investor education, TradeStation and eToro present unique offerings for beginners. Both platforms provide valuable stock education and feature educational videos that can help new investors grasp essential concepts. TradeStation goes a step further by offering options education and hosting webinars, providing users with a more interactive learning experience. On the other hand, while eToro lacks options education and webinars, it manages to cover fundamental stock education and offers a paper trading feature, which allows beginners to practice without financial risk. Notably, neither platform provides educational content on ETFs, mutual funds, or bonds, and both lack additional learning tools like quizzes or progress tracking.
In terms of educational quality, TradeStation slightly edges out eToro with a rating of 3 stars compared to eToro's 2.5-star rating. According to StockBrokers.com, TradeStation ranks 14th out of 16 brokers for education, while eToro follows closely at 15th. Both platforms offer resources for new investors, but TradeStation provides a marginally broader range of educational capabilities, making it a more attractive option for those keen on diving deeper into options trading and wanting more interactive content through webinars.
Feature |
|
|
---|---|---|
Education (Stocks) | Yes | Yes |
Education (ETFs) | No | No |
Education (Options) | Yes | No |
Education (Mutual Funds) | No | No |
Education (Bonds) | No | No |
Paper Trading | Yes | Yes |
Videos | Yes | Yes |
Webinars | Yes | No |
Education |
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Dive deeper: Best Stock Trading Platforms for Beginners of 2025
In comparing TradeStation and eToro's stock trading app capabilities, both platforms offer users a robust mobile solution for trading. Each offers an app on both iOS and Android, facilitating on-the-go trading regardless of your device preference. With a 4.5-star rating for their stock trading apps, both TradeStation and eToro have garnered a strong reputation among users. However, stock trading app rankings by StockBrokers.com place TradeStation slightly ahead at #8, as compared to eToro at #11, suggesting a stronger overall user experience with TradeStation.
TradeStation provides a comprehensive suite of tools for traders, including features like after-hours stock trading on mobile, options trading, streaming quotes, and customizable watch lists. Notably, TradeStation allows users to customize watch list columns, an option not available on eToro, and supports after-hours charting. While both platforms offer multiple time frames for charting and essential charting tools, TradeStation stands out with the ability to provide up to 45 technical studies, although eToro surpasses this with 103 available studies.
eToro, on the other hand, shines with its access to videos on demand, which can serve as a valuable resource for traders seeking additional learning material. While both apps offer powerful alert capabilities and the option to create custom watch lists, eToro uniquely allows users to display stock comparisons on their charts, unlike TradeStation. Despite sharing many core features, the nuances between eToro's advanced charting capabilities and TradeStation's customizable options may influence a trader's ultimate choice between the two apps.
Feature |
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|
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iPhone App | Yes | Yes |
Android App | Yes | Yes |
Apple Watch App | No | No |
Stock Alerts | Yes | Yes |
Charting - After-Hours | Yes | Yes |
Charting - Technical Studies | 45 | 103 |
Mobile Trading Apps |
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Dive deeper: Best Stock Trading Apps for 2025
When comparing TradeStation and eToro based on account fees and charges, it's important to look at the different financial norms of both platforms. TradeStation has a slight edge for U.S. stock traders as it requires no minimum deposit, whereas eToro requires just $50. Both platforms compete closely when it comes to regular stock trades with a $0.00 fee, but there's a stark distinction in options contract fees – TradeStation charges $0.60 per contract, while eToro doesn't offer options trading at all. TradeStation also charges for margin balances, IRA annual and closure fees, and account transfers, areas where eToro has no fees mainly because such services aren't available.
TradeStation leads with no minimum initial deposit and offers a wide range of trading options, catering better to more experienced investors who may require features like margin trading or IRAs. On the other hand, eToro serves well for beginners or those interested in other financial markets, like cryptocurrencies, with its easy-to-navigate platform and social trading features. Both brokers come with commission-free trading for stocks, but TradeStation charges for every options contract and is more structured with varying fees, while eToro’s absence of options trading and margin facilities means these charges are irrelevant.
Although both platforms have their strong points, the key takeaway is TradeStation's appeal to more diversified and experienced U.S. traders who can take advantage of its complex offerings, even if it means paying more in fees. eToro is better suited for novice investors interested in social trading and willing to explore markets beyond traditional stocks. Your choice between the two ultimately depends on what kind of trading experience you're seeking and which platform’s fees align more with your trading needs.
Feature |
|
|
---|---|---|
Minimum Deposit | $0.00 | $50.00 |
Stock Trades | $0.00 | $0.00 |
Options (Per Contract) | $0.60 | $0.00 |
Options Exercise Fee | $14.95 | $0.00 |
Options Assignment Fee | $5.95 | $0.00 |
IRA Annual Fee | $35.00 | |
IRA Closure Fee | $50.00 |
Dive deeper: Best Free Trading Platforms for 2025
When it comes to day trading, TradeStation and eToro offer different features that cater to various trader preferences. For traders keen on deep market insights and control, TradeStation shines with features like direct market routing and ladder trading. These options provide traders with more precision and flexibility in executing trades. Additionally, TradeStation supports trading hotkeys for quick trade execution, level 2 quotes for better market depth, and both basic and advanced strategy backtesting, helping traders fine-tune their strategies effectively. The availability of a short locator tool is another advantage, offering real-time insights into shares available for shorting, combined with order liquidity rebates, enhancing the trading experience further.
On the other hand, eToro provides a more simplified approach to day trading. While it may not have the same extensive toolset as TradeStation, it does offer essential streaming time and sales data for stocks, which is crucial for monitoring market activity. However, absence of features like direct market routing, ladder trading, and trading hotkeys might make it less appealing to those who seek detailed market engagement. eToro lacks strategy backtesting tools and a short locator, which could limit traders looking for comprehensive trading analysis and strategies. In essence, TradeStation's platform is tailored for traders who require extensive tools and features, whereas eToro focuses on a more straightforward trading experience.
Feature |
|
|
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Streaming Time & Sales | Yes | Yes |
Streaming TV | No | No |
Direct Market Routing - Stocks | Yes | No |
Level 2 Quotes - Stocks | Yes | No |
Trade Ideas - Backtesting | Yes | No |
Trade Ideas - Backtesting Adv | Yes | No |
Short Locator | Yes | No |
Dive deeper: Best Day Trading Platforms for 2025
When evaluating TradeStation and eToro for market research capabilities, TradeStation slightly edges ahead with a 2-star rating compared to eToro's 1.5 stars. TradeStation's ability to offer a comprehensive view of portfolio allocation by asset class and its inclusion of Pink Sheets / OTCBB research offer an advantage in certain areas. While both platforms provide stock and ETF research, neither offers expansive tools for mutual funds or bonds. However, eToro shines in incorporating social media sentiment data and ESG (Environmental, Social, and Governance) research into its offerings, enhancing holistic market exploration. Despite these different strengths, TradeStation ranks 11th among 16 brokers, whereas eToro is positioned at 14th, suggesting TradeStation has a slight lead in market research features.
TradeStation provides robust stock and ETF research options, allowing traders to effectively analyze investment options. Its stock screener is a notable tool, though it lacks the same for ETFs, mutual funds, or bonds. Additionally, TradeStation enables the examination of portfolio allocation by asset class, which is beneficial for strategic planning and investment diversification. However, it does not include downloadable PDF research reports, which could be a limitation for those who prefer in-depth analytics in a consolidated format.
In contrast, eToro enhances the trade research experience with social media sentiment data and ESG research, appealing to traders interested in the latest trends and sustainable investing. Despite not offering Pink Sheets / OTCBB research or a stock screener, eToro remains relevant by embracing modern analytical approaches. However, like TradeStation, eToro does not provide downloadable PDF reports or ETF/mutual fund screeners, which might be a drawback for some investors seeking detailed documentations and easy screening capabilities. Nonetheless, eToro caters to traders looking to integrate social insights and sustainable practices into their trading strategy.
Feature |
|
|
---|---|---|
Research - Stocks | Yes | Yes |
Screener - Stocks | Yes | No |
Research - ETFs | Yes | Yes |
Screener - ETFs | No | No |
Research - Mutual Funds | No | No |
Screener - Mutual Funds | No | No |
Research - Bonds | No | No |
Screener - Bonds | No | No |
Research |
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When considering the banking capabilities of online brokers TradeStation and eToro, it's important to note that both platforms do not provide traditional banking services. Neither TradeStation nor eToro offers checking or savings accounts to their users, and options like debit or credit cards are also unavailable. Furthermore, users seeking mortgage loans will find that these are not offered by either broker. Additionally, common banking products such as Certificates of Deposit (CDs) are not part of their service lineup. Both TradeStation and eToro focus on investment-related services rather than traditional banking products, making them similar when it comes to strictly financial banking capabilities.
Feature |
|
|
---|---|---|
Checking Accounts | No | No |
Savings Accounts | No | No |
Debit Cards | No | No |
Credit Cards | No | No |
Mortgage Loans | No | No |
CDs | No | No |
Dive deeper: Best Bank Accounts for Trading Stocks for 2025
After opening live accounts and testing 16 of the best online brokers, our research and live account testing finds that TradeStation is better than eToro. TradeStation finished with an overall score of 80.2%, while eToro finished with a score of 66.1%.
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.
While TradeStation does not offer crypto trading options, eToro provides access to the cryptocurrency market with 26 different coins available for trading.
Dive deeper: Best Online Brokers for Crypto Trading in 2025
In comparing online brokers, TradeStation distinguishes itself by offering both traditional and Roth IRA accounts, with an annual fee of $35.00 and a $50.00 closure fee, whereas eToro does not provide IRA options, making TradeStation the favorable choice for individuals seeking retirement account offerings.
Dive deeper: Best IRA Accounts for 2025
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0 of 5Overall Rating | TradeStation | eToro | |
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Mobile Trading Apps |
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Research |
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Customer Service |
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Education |
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Ease Of Use |
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Winner | check_circle | ||
Review | TradeStation Review | eToro Review |
Broker Screenshots | TradeStation | eToro | |
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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 | eToro | |
---|---|---|---|
Minimum Deposit | $0.00 | $50.00 | |
Stock Trades | $0.00 | $0.00 | |
Penny Stock Fees (OTC) | $0.01 | N/A | |
Mutual Fund Trade Fee | $14.95 | N/A | |
Options (Per Contract) | $0.60 | $0.00 | |
Futures (Per Contract) | $1.50 | (Not offered) | |
Broker Assisted Trade Fee | $25 | $0 |
Margin Rates | TradeStation | eToro | |
---|---|---|---|
Margin Rate Under $25,000 | 13.0% | Not offered | |
Margin Rate $25,000 to $49,999.99 | 13.0% | Not offered | |
Margin Rate $50,000 to $99,999.99 | 12.5% | Not offered | |
Margin Rate $100,000 to $249,999.99 | 12.0% | Not offered | |
Margin Rate $250,000 to $499,999.99 | 12.0% | Not offered | |
Margin Rate $500,000 to $999,999.99 | 7.5% | Not offered | |
Margin Rate Above $1,000,000 | 7.5% | Not offered |
Account Fees | TradeStation | eToro | |
---|---|---|---|
IRA Annual Fee | $35.00 | ||
IRA Closure Fee | $50.00 | ||
Account Transfer Out (Partial) | $125.00 | $75.00 | |
Account Transfer Out (Full) | $125.00 | $75.00 | |
Options Exercise Fee | $14.95 | $0.00 | |
Options Assignment Fee | $5.95 | $0.00 |
Investment Options | TradeStation | eToro | |
---|---|---|---|
Stock Trading | Yes | Yes | |
Margin Trading | Yes | No | |
Fractional Shares | No | Yes | |
OTC Stocks | Yes | No | |
Options Trading | Yes | Yes | |
Complex Options Max Legs | 4 | 0 | |
Futures Trading | Yes | No | |
Forex Trading | No | No | |
Crypto Trading | No | Yes | |
Crypto Trading - Total Coins | 0 | 26 | |
Mutual Funds (No Load) | 800 | 0 | |
Mutual Funds (Total) | 4000 | 0 | |
Bonds (US Treasury) | Yes | No | |
Bonds (Corporate) | Yes | No | |
Bonds (Municipal) | Yes | No | |
Traditional IRAs | Yes | No | |
Roth IRAs | Yes | No | |
Advisor Services | No | No | |
International Countries (Stocks) | 0 | 0 |
Order Types | TradeStation | eToro | |
---|---|---|---|
Order Type - Market | Yes | Yes | |
Order Type - Limit | Yes | No | |
Order Type - After Hours | Yes | No | |
Order Type - Stop | Yes | Yes | |
Order Type - Trailing Stop | Yes | Yes | |
Order Type - OCO | Yes | No | |
Order Type - OTO | Yes | No | |
Order Type - Broker Assisted | Yes | No |
Beginners | TradeStation | eToro | |
---|---|---|---|
Education (Stocks) | Yes | Yes | |
Education (ETFs) | No | No | |
Education (Options) | Yes | No | |
Education (Mutual Funds) | No | No | |
Education (Bonds) | No | No | |
Education (Retirement) | No | No | |
Retirement Calculator | No | No | |
Investor Dictionary | No | No | |
Paper Trading | Yes | Yes | |
Videos | Yes | Yes | |
Webinars | Yes | No | |
Webinars (Archived) | Yes | No | |
Progress Tracking | No | No | |
Interactive Learning - Quizzes | No | No |
Stock Trading Apps | TradeStation | eToro | |
---|---|---|---|
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 | Yes | |
Trading - Complex Options | Yes | No | |
Order Ticket RT Quotes | Yes | Yes | |
Order Ticket SRT Quotes | Yes | Yes |
Stock App Features | TradeStation | eToro | |
---|---|---|---|
Market Movers (Top Gainers) | Yes | Yes | |
Stream Live TV | No | No | |
Videos on Demand | No | Yes | |
Stock Alerts | Yes | Yes | |
Option Chains Viewable | Yes | Yes | |
Watch List (Real-time) | Yes | Yes | |
Watch List (Streaming) | Yes | Yes | |
Watch Lists - Create & Manage | Yes | Yes | |
Watch Lists - Column Customization | Yes | No |
Stock App Charting | TradeStation | eToro | |
---|---|---|---|
Charting - After-Hours | Yes | Yes | |
Charting - Can Turn Horizontally | No | No | |
Charting - Multiple Time Frames | Yes | Yes | |
Charting - Technical Studies | 45 | 103 | |
Charting - Study Customizations | Yes | Yes | |
Charting - Stock Comparisons | No | Yes |
Trading Platforms | TradeStation | eToro | |
---|---|---|---|
Active Trading Platform | TradeStation 10 | N/A | |
Desktop Trading Platform | Yes | No | |
Desktop Platform (Mac) | No | No | |
Web Trading Platform | Yes | Yes | |
Paper Trading | Yes | Yes | |
Trade Journal | No | No | |
Watch Lists - Total Fields | 341 | 7 |
Stock Chart Features | TradeStation | eToro | |
---|---|---|---|
Charting - Adjust Trades on Chart | Yes | No | |
Charting - Indicators / Studies | 294 | 46 | |
Charting - Drawing Tools | 23 | 48 | |
Charting - Notes | Yes | Yes | |
Charting - Index Overlays | Yes | Yes | |
Charting - Historical Trades | Yes | No | |
Charting - Corporate Events | Yes | No | |
Charting - Custom Date Range | Yes | No | |
Charting - Custom Time Bars | Yes | No | |
Charting - Automated Analysis | Yes | No | |
Charting - Save Profiles | Yes | Yes | |
Trade Ideas - Technical Analysis | Yes | Yes | |
Charting - Study Customizations | 12 | 5 | |
Charting - Custom Studies | Yes | No |
Day Trading | TradeStation | eToro | |
---|---|---|---|
Streaming Time & Sales | Yes | Yes | |
Streaming TV | No | No | |
Direct Market Routing - Stocks | Yes | No | |
Ladder Trading | Yes | No | |
Trade Hotkeys | 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 | TradeStation | eToro | |
---|---|---|---|
Research - Stocks | Yes | Yes | |
Research - ETFs | Yes | Yes | |
Research - Mutual Funds | No | No | |
Research - Pink Sheets / OTCBB | Yes | No | |
Research - Bonds | No | No | |
Screener - Stocks | Yes | No | |
Screener - ETFs | No | No | |
Screener - Mutual Funds | No | No | |
Screener - Bonds | No | No | |
Misc - Portfolio Allocation | Yes | No |
Stock Research | TradeStation | eToro | |
---|---|---|---|
Stock Research - PDF Reports | 0 | 0 | |
Stock Research - Earnings | No | Yes | |
Stock Research - Insiders | No | Yes | |
Stock Research - Social | No | Yes | |
Stock Research - News | Yes | Yes | |
Stock Research - ESG | No | Yes | |
Stock Research - SEC Filings | No | Yes |
ETF Research | TradeStation | eToro | |
---|---|---|---|
ETFs - Strategy Overview | No | Yes | |
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 - Sector Exposure | No | No | |
ETFs - Risk Analysis | No | No | |
ETFs - Ratings | No | Yes | |
ETFs - Morningstar StyleMap | No | No | |
ETFs - PDF Reports | No | No |
Mutual Fund Research | TradeStation | eToro | |
---|---|---|---|
Mutual Funds - Strategy Overview | No | No | |
Mutual Funds - Performance Chart | No | No | |
Mutual Funds - Performance Analysis | No | No | |
Mutual Funds - Prospectus | No | No | |
Mutual Funds - 3rd Party Ratings | Yes | No | |
Mutual Funds - Fees Breakdown | No | No | |
Mutual Funds - Top 10 Holdings | No | No | |
Mutual Funds - Asset Allocation | No | No | |
Mutual Funds - Sector Allocation | No | No | |
Mutual Funds - Country Allocation | No | No | |
Mutual Funds - StyleMap | No | No |
Options Trading | TradeStation | eToro | |
---|---|---|---|
Option Chains - Basic View | Yes | Yes | |
Option Chains - Strategy View | Yes | No | |
Option Chains - Streaming | Yes | No | |
Option Chains - Total Columns | 29 | 0 | |
Option Chains - Greeks | 5 | 4 | |
Option Chains - Quick Analysis | Yes | Yes | |
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 - Greeks Streaming | Yes | No | |
Option Positions - Adv Analysis | Yes | No | |
Option Positions - Rolling | Yes | No | |
Option Positions - Grouping | Yes | No |
Banking | TradeStation | eToro | |
---|---|---|---|
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 | TradeStation | eToro | |
---|---|---|---|
Phone Support (Prospect Customers) | Yes | No | |
Phone Support (Current Customers) | Yes | No | |
Email Support | Yes | Yes | |
Live Chat (Prospect Customers) | Yes | Yes | |
Live Chat (Current Customers) | Yes | Yes | |
24/7 Support | No | No |
Overall | TradeStation | eToro | |
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Overall |
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Range of Investments |
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Platforms & Tools |
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Mobile Trading Apps |
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Research |
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Education |
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Ease Of Use |
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Winner | check_circle | ||
Review | TradeStation Review | eToro Review |