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E*TRADE vs TradeStation 2025

StockBrokers.com

Written by StockBrokers.com

March 11, 2025

In this head to head comparison of E*TRADE vs TradeStation, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

E*TRADE
5/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.65
TradeStation
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.60

Range of investments

When deciding between E*TRADE and TradeStation for your investment needs, both brokers provide a solid array of options, but differ slightly in rankings and services. E*TRADE and TradeStation both receive 4.5 stars for the range of investments offered, with E*TRADE slightly ahead, ranked #4 compared to TradeStation's #5 according to StockBrokers.com. A key differentiator is E*TRADE's advisor services, which TradeStation lacks, making E*TRADE a potentially better choice for those seeking personalized investment guidance.

Both E*TRADE and TradeStation cater to a variety of investors by offering trading in stocks, margin accounts, OTC stocks, mutual funds, and options. They share a similar stance on the limitations of their service, with neither offering fractional shares, forex, or cryptocurrency trading, so investors interested in these areas might need to look elsewhere. However, they both provide access to futures trading, catering to more advanced traders seeking diversification in their portfolios.

For those thinking about retirement planning, both E*TRADE and TradeStation offer traditional and Roth IRA accounts, providing flexible options for individual retirement goals. Despite the similarities in many areas, E*TRADE's inclusion of advisor services may appeal to investors seeking professional financial advice, whereas TradeStation's absence of such services could mean a more self-directed approach. Ultimately, the choice between these two brokers may come down to personal preference and specific investment needs.

Feature E*TRADE logoE*TRADE
TradeStation logoTradeStation
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info No No
OTC Stocks info Yes Yes
Mutual Funds info Yes Yes
Options Trading info Yes Yes
Futures Trading info Yes Yes
Crypto Trading info No No
Crypto Trading - Total Coins info 0 0
Range of Investments 4.5/5 Stars 4.5/5 Stars

Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025

Trading platforms and tools

When deciding between E*TRADE and TradeStation for trading platforms and tools, TradeStation edges ahead with a superior offering, particularly for active traders seeking robust charting capabilities. Rated 4.5 out of 5 stars in trading platforms and tools by StockBrokers.com, TradeStation is ranked third among fifteen brokers. E*TRADE holds a solid 4-star rating, ranking fifth. With TradeStation's extensive customizability and range of technical indicators, it suits traders who desire high customization and complex charting features. E*TRADE, while feature-rich in its own right, may appeal more to traders who prefer a more straightforward interface without the need for downloadable desktop platforms.

E*TRADE provides a user-friendly browser-based platform, along with essential features like paper trading and chart annotation tools, making it appealing for traders who appreciate simplicity and ease of use. With the ability to adjust open orders directly on stock charts and display corporate events, E*TRADE caters to traders who seek comprehensive trading tools without additional software downloads. It also offers a generous number of drawing tools—37 in total—enhancing a trader's ability to analyze market trends effectively. However, E*TRADE lacks a downloadable desktop platform for both Windows and Mac, which might be a consideration for traders who prefer trading via native desktop applications.

On the other hand, TradeStation excels with its Windows desktop downloadable trading platform, offering an expansive range of 341 watchlist columns and 294 technical indicators. This makes it a compelling choice for sophisticated traders who demand great flexibility and detailed market analysis tools. Although TradeStation provides fewer drawing tools compared to E*TRADE, its strong suite of customization options for studies and the creation of custom studies create a highly tailor-made experience. While both platforms facilitate key functionalities like paper trading and the ability to display corporate events on charts, TradeStation’s advanced charting and expansive watchlist capabilities set it apart for those looking for an intensive trading environment.

Feature E*TRADE logoE*TRADE
TradeStation logoTradeStation
Web Trading Platform info Yes Yes
Desktop Trading Platform info No Yes
Desktop Platform (Mac) info No No
Paper Trading info Yes Yes
Watch Lists - Total Fields info 43 341
Charting - Indicators / Studies info 121 294
Charting - Drawing Tools info 37 23
Platforms & Tools 4/5 Stars 4.5/5 Stars

Dive deeper: Best Online Brokerage Accounts for 2025, Best Paper Trading Platforms for 2025

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Beginners and education

When evaluating E*TRADE and TradeStation for beginner and investor education, E*TRADE stands out as a more comprehensive platform. E*TRADE provides education across a range of investment options including stocks, ETFs, options, mutual funds, and bonds, offering a complete learning experience for new investors. It also supports interactive learning through paper trading, educational videos, and webinars. Although it lacks educational quizzes and progress tracking, E*TRADE's broad educational offerings earn it a 5-star rating and an impressive 4th place ranking among 15 brokers by StockBrokers.com.

TradeStation, on the other hand, offers education in stocks and options, along with paper trading, videos, and webinars. However, it does not provide specific educational content on ETFs, mutual funds, or bonds, which could limit the learning opportunities for investors looking to diversify their portfolios. Similar to E*TRADE, TradeStation does not offer quizzes or learning progress tracking. With a 3-star education rating and ranked 14th out of 15 brokers by StockBrokers.com, TradeStation may not be the first choice for beginners seeking comprehensive educational resources.

Feature E*TRADE logoE*TRADE
TradeStation logoTradeStation
Education (Stocks) info Yes Yes
Education (ETFs) info Yes No
Education (Options) info Yes Yes
Education (Mutual Funds) info Yes No
Education (Bonds) info Yes No
Paper Trading info Yes Yes
Videos info Yes Yes
Webinars info Yes Yes
Education 5/5 Stars 3/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2025

Stock trading apps

When comparing the stock trading app capabilities of E*TRADE and TradeStation, E*TRADE stands out as the superior choice for those seeking a highly rated and versatile mobile trading platform. With a rating of 5 stars, E*TRADE is ranked #4 among 15 brokers by StockBrokers.com, while TradeStation, with a respectable 4.5-star rating, holds the #8 position. E*TRADE offers greater flexibility and features, making it a clear favorite among traders seeking extensive functionalities and a seamless trading experience across multiple devices.

Both E*TRADE and TradeStation provide apps for iPhone and Android, but E*TRADE takes an edge by offering an Apple Watch app, which TradeStation does not. The platforms cater to traders interested in mobile options trading and after-hours charting, with both providing capabilities for creating custom watch lists and stock alerts. However, E*TRADE surpasses TradeStation with additional features like streaming live TV, which is not available on TradeStation. E*TRADE also allows viewing charts in landscape mode and offers 107 technical studies, more than double the 45 provided by TradeStation, enhancing the analytical experience for avid traders.

Another advantage of E*TRADE is its inclusion of mobile after-hours stock trading, unlike TradeStation, where this feature is not confirmed. Both platforms offer streaming quotes, but E*TRADE provides the ability to display stock comparisons on charts, absent in TradeStation. These extra functionalities make E*TRADE a more comprehensive choice for traders who value detailed analysis and continuous market engagement on-the-go.

Feature E*TRADE logoE*TRADE
TradeStation logoTradeStation
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes No
Stock Alerts info Yes Yes
Charting - After-Hours info Yes Yes
Charting - Technical Studies info 107 45
Mobile Trading Apps 5/5 Stars 4.5/5 Stars

Dive deeper: Best Stock Trading Apps for 2025

Fees

When deciding between E*TRADE and TradeStation, it's important to weigh their account fees and other charges to determine which platform best fits your trading needs. Both E*TRADE and TradeStation offer $0 minimum deposits and commission-free stock trading, making them accessible to a variety of investors. However, the differentiation comes in various other charges such as options contract fees, where TradeStation’s rate is slightly lower at $0.60 compared to E*TRADE’s $0.65. When it comes to margin interest rates, TradeStation generally provides a lower rate across different balance tiers, giving it a competitive edge for margin traders.

Exploring the realm of retirement accounts, E*TRADE shines by offering no fees for IRA annual maintenance or closure, whereas TradeStation imposes a $35 annual fee and a $50 closure fee. This could be a significant factor for those prioritizing long-term investment strategies. Account transfer fees also highlight differences between these platforms. E*TRADE charges $75 for a full ACAT transfer, whereas TradeStation charges a steep $125, making E*TRADE a potentially more cost-effective option for account portability.

Additionally, for options trading aficionados, TradeStation incurs lower costs with a $5.95 fee for options assignments, while E*TRADE charges nothing for both options exercise and assignment fees. These various fee structures underscore the importance of aligning trading habits with the respective fee policies of E*TRADE and TradeStation to ensure you are selecting the broker that meets your financial goals without unnecessary expenditures.

Feature E*TRADE logoE*TRADE
TradeStation logoTradeStation
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Options (Per Contract) info $0.65 $0.60
Options Exercise Fee info $0.00 $14.95
Options Assignment Fee info $0.00 $5.95
IRA Annual Fee info $0.00 $35.00
IRA Closure Fee info $0.00 $50.00

Dive deeper: Best Free Trading Platforms for 2025

Day Trading

When comparing E*TRADE and TradeStation for day trading, both platforms offer essential features like streaming time and sales for stocks, direct market routing, and level 2 quotes. They also both support trading hotkeys for swift keyboard trade entries. However, E*TRADE has the advantage of streaming live TV, which TradeStation lacks, providing traders with real-time news and updates. On the other hand, TradeStation excels in strategy backtesting—offering both basic and advanced options—which E*TRADE does not. Additionally, TradeStation provides ladder trading functionality, enhancing its appeal to active traders seeking detailed market insights.

Another notable difference lies in the availability of a short locator tool, which TradeStation offers to help traders assess the real-time availability of shares to short—an option not available with E*TRADE. Moreover, TradeStation introduces order liquidity rebates, allowing traders to benefit from specific trading strategies focused on adding or removing liquidity in the market. This distinct set of features makes TradeStation a compelling choice for sophisticated day traders, while E*TRADE might appeal to those who value streamlined news integration and a simpler interface.

Feature E*TRADE logoE*TRADE
TradeStation logoTradeStation
Streaming Time & Sales info Yes Yes
Streaming TV info Yes No
Direct Market Routing - Stocks info Yes Yes
Level 2 Quotes - Stocks info Yes info Yes
Trade Ideas - Backtesting info No Yes
Trade Ideas - Backtesting Adv info No Yes
Short Locator info No Yes

Dive deeper: Best Day Trading Platforms for 2025

Market Research

When it comes to market research capabilities, E*TRADE stands out as a strong contender, providing a comprehensive array of tools and resources, garnering an impressive 5-star rating. TradeStation, on the other hand, offers a more limited selection of research tools, which is reflected in its 2-star rating. In rankings by StockBrokers.com, E*TRADE's extensive offerings place it at the #2 spot among 15 brokers, while TradeStation's narrower capabilities earn it the #11 spot.

E*TRADE offers extensive research opportunities across various asset classes, including stocks, ETFs, mutual funds, pink sheets, OTCBB, and bonds, all bolstered by downloadable PDF reports. Furthermore, E*TRADE users benefit from unique features such as social media sentiment analysis and a suite of screeners for different investment vehicles. In contrast, TradeStation provides research on stocks, ETFs, and pink sheets/OTCBB, but falls short when it comes to mutual funds, bonds, and downloadable PDFs, restricting the depth of information available to investors.

Both E*TRADE and TradeStation allow users to see portfolio allocation by asset class, but there are notable differences in other areas. E*TRADE shines with its capability to analyze market data using the latest trends from social media, whereas TradeStation lacks this feature. Additionally, E*TRADE’s screeners extend to stocks, ETFs, mutual funds, and bonds, providing more comprehensive utility for investors seeking trade ideas. TradeStation's offering is limited to stock screeners only, which may not be sufficient for investors looking to explore a wider array of market opportunities.

Feature E*TRADE logoE*TRADE
TradeStation logoTradeStation
Research - Stocks info Yes Yes
Screener - Stocks info Yes Yes
Research - ETFs info Yes Yes
Screener - ETFs info Yes No
Research - Mutual Funds info Yes No
Screener - Mutual Funds info Yes No
Research - Bonds info Yes No
Screener - Bonds info Yes No
Research 5/5 Stars 2/5 Stars

Banking

When it comes to banking services, E*TRADE and TradeStation offer different experiences for users. E*TRADE provides a comprehensive suite of banking options, allowing customers to open checking and savings accounts, access debit and credit cards, and even apply for mortgage loans. Additionally, E*TRADE offers Certificates of Deposit (CDs) for those interested in fixed-term savings. On the other hand, TradeStation focuses primarily on trading platforms and does not provide traditional banking services like checking or savings accounts, debit or credit cards, mortgage loans, or CDs. For individuals seeking an online brokerage with integrated banking capabilities, E*TRADE offers a broader array of services compared to TradeStation.

Feature E*TRADE logoE*TRADE
TradeStation logoTradeStation
Checking Accounts info Yes No
Savings Accounts info Yes No
Debit Cards info Yes No
Credit Cards info Yes No
Mortgage Loans info Yes No
CDs info Yes No

Dive deeper: Best Bank Accounts for Trading Stocks for 2025

Winner

After opening live accounts and testing 15 of the best online brokers, our research and live account testing finds that E*TRADE is better than TradeStation. E*TRADE finished with an overall score of 95.4%, while TradeStation finished with a score of 80.2%.

E*TRADE is a top-performing broker whose highlights include $0 trades, two excellent mobile apps and the Power E*TRADE platform. Crypto, however, is not available.

FAQs

Can you trade cryptocurrency with E*TRADE or TradeStation?

Both E*TRADE and TradeStation do not offer crypto trading, with each platform providing access to zero coins for cryptocurrency trading.

Dive deeper: Best Online Brokers for Crypto Trading in 2025

Does E*TRADE or TradeStation offer IRAs?

Both E*TRADE and TradeStation provide traditional and Roth IRA accounts, but E*TRADE stands out with no annual or closure fees, while TradeStation charges a $35 annual fee and a $50 closure fee for their IRA accounts.

Dive deeper: Best IRA Accounts for 2025

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Compare

0 of 5
Overall Rating E*TRADE TradeStation
Overall 5/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 4.5/5 Stars
Platforms & Tools 4/5 Stars 4.5/5 Stars
Mobile Trading Apps 5/5 Stars 4.5/5 Stars
Research 5/5 Stars 2/5 Stars
Customer Service 4.0/5 Stars 3.5/5 Stars
Education 5/5 Stars 3/5 Stars
Ease Of Use 5/5 Stars 4.5/5 Stars
Winner check_circle
Review E*TRADE Review TradeStation Review
Broker Screenshots E*TRADE TradeStation
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 E*TRADE TradeStation
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Penny Stock Fees (OTC) info $6.95 info $0.01 info
Mutual Fund Trade Fee info $0.00 $14.95
Options (Per Contract) info $0.65 $0.60
Futures (Per Contract) info $1.50 $1.50
Broker Assisted Trade Fee info $25 $25
Margin Rates E*TRADE TradeStation
Margin Rate Under $25,000 info 14.2% info 13.0%
Margin Rate $25,000 to $49,999.99 info 13.7% 13.0%
Margin Rate $50,000 to $99,999.99 info 13.2% 12.5%
Margin Rate $100,000 to $249,999.99 info 12.7% 12.0%
Margin Rate $250,000 to $499,999.99 info 12.2% 12.0%
Margin Rate $500,000 to $999,999.99 info Varies info 7.5% info
Margin Rate Above $1,000,000 info Varies info 7.5% info
Account Fees E*TRADE TradeStation
IRA Annual Fee info $0.00 $35.00
IRA Closure Fee info $0.00 $50.00
Account Transfer Out (Partial) info $0.00 $125.00
Account Transfer Out (Full) info $75.00 $125.00
Options Exercise Fee info $0.00 $14.95
Options Assignment Fee info $0.00 $5.95
Investment Options E*TRADE TradeStation
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info No No
OTC Stocks info Yes Yes
Options Trading info Yes Yes
Complex Options Max Legs info 4 4
Futures Trading info Yes Yes
Forex Trading info No No
Crypto Trading info No No
Crypto Trading - Total Coins info 0 0
Mutual Funds (No Load) info 6486 800
Mutual Funds (Total) info 7242 4000
Bonds (US Treasury) info Yes Yes
Bonds (Corporate) info Yes Yes
Bonds (Municipal) info Yes Yes
Traditional IRAs info Yes Yes
Roth IRAs info Yes Yes
Advisor Services info Yes No
International Countries (Stocks) info 0 0
Order Types E*TRADE TradeStation
Order Type - Market info Yes Yes
Order Type - Limit info Yes Yes
Order Type - After Hours info Yes Yes
Order Type - Stop info Yes Yes
Order Type - Trailing Stop info Yes Yes
Order Type - OCO info Yes Yes
Order Type - OTO info Yes Yes
Order Type - Broker Assisted info Yes Yes
Beginners E*TRADE TradeStation
Education (Stocks) info Yes Yes
Education (ETFs) info Yes No
Education (Options) info Yes Yes
Education (Mutual Funds) info Yes No
Education (Bonds) info Yes No
Education (Retirement) info Yes No
Retirement Calculator info Yes No
Investor Dictionary info Yes No
Paper Trading info Yes Yes
Videos info Yes Yes
Webinars info Yes Yes
Webinars (Archived) info Yes Yes
Progress Tracking info No No
Interactive Learning - Quizzes info No No
Stock Trading Apps E*TRADE TradeStation
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes No
Trading - Stocks info Yes Yes
Trading - After-Hours info Yes Yes
Trading - Simple Options info Yes Yes
Trading - Complex Options info Yes Yes
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info Yes Yes
Stock App Features E*TRADE TradeStation
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info Yes No
Videos on Demand info No No
Stock Alerts info Yes Yes
Option Chains Viewable info Yes Yes
Watch List (Real-time) info Yes Yes
Watch List (Streaming) info Yes Yes
Watch Lists - Create & Manage info Yes Yes
Watch Lists - Column Customization info Yes Yes
Stock App Charting E*TRADE TradeStation
Charting - After-Hours info Yes Yes
Charting - Can Turn Horizontally info Yes No
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 107 45
Charting - Study Customizations info Yes Yes
Charting - Stock Comparisons info Yes No
Trading Platforms E*TRADE TradeStation
Active Trading Platform info Power E*TRADE TradeStation 10
Desktop Trading Platform info No Yes
Desktop Platform (Mac) info No No
Web Trading Platform info Yes Yes
Paper Trading info Yes Yes
Trade Journal info No No
Watch Lists - Total Fields info 43 341
Stock Chart Features E*TRADE TradeStation
Charting - Adjust Trades on Chart info Yes Yes
Charting - Indicators / Studies info 121 294
Charting - Drawing Tools info 37 23
Charting - Notes info Yes Yes
Charting - Index Overlays info Yes Yes
Charting - Historical Trades info Yes Yes
Charting - Corporate Events info Yes Yes
Charting - Custom Date Range info Yes Yes
Charting - Custom Time Bars info No Yes
Charting - Automated Analysis info Yes Yes
Charting - Save Profiles info Yes Yes
Trade Ideas - Technical Analysis info Yes Yes
Charting - Study Customizations info 8 12
Charting - Custom Studies info No Yes
Day Trading E*TRADE TradeStation
Streaming Time & Sales info Yes Yes
Streaming TV info Yes No
Direct Market Routing - Stocks info Yes Yes
Ladder Trading info No Yes
Trade Hotkeys info Yes Yes
Level 2 Quotes - Stocks info Yes info Yes
Trade Ideas - Backtesting info No Yes
Trade Ideas - Backtesting Adv info No Yes
Short Locator info No Yes
Order Liquidity Rebates info No Yes
Research Overview E*TRADE TradeStation
Research - Stocks info Yes Yes
Research - ETFs info Yes Yes
Research - Mutual Funds info Yes No
Research - Pink Sheets / OTCBB info Yes Yes
Research - Bonds info Yes No
Screener - Stocks info Yes Yes
Screener - ETFs info Yes No
Screener - Mutual Funds info Yes No
Screener - Bonds info Yes No
Misc - Portfolio Allocation info Yes Yes
Stock Research E*TRADE TradeStation
Stock Research - PDF Reports info 8 0
Stock Research - Earnings info Yes No
Stock Research - Insiders info Yes No
Stock Research - Social info Yes No
Stock Research - News info Yes Yes
Stock Research - ESG info No No
Stock Research - SEC Filings info Yes No
ETF Research E*TRADE TradeStation
ETFs - Strategy Overview info Yes No
ETF Fund Facts - Inception Date info Yes No
ETF Fund Facts - Expense Ratio info Yes No
ETF Fund Facts - Net Assets info Yes No
ETF Fund Facts - Total Holdings info Yes No
ETFs - Top 10 Holdings info Yes No
ETFs - Sector Exposure info Yes No
ETFs - Risk Analysis info Yes No
ETFs - Ratings info Yes No
ETFs - Morningstar StyleMap info Yes No
ETFs - PDF Reports info Yes No
Mutual Fund Research E*TRADE TradeStation
Mutual Funds - Strategy Overview info Yes No
Mutual Funds - Performance Chart info Yes No
Mutual Funds - Performance Analysis info Yes No
Mutual Funds - Prospectus info Yes No
Mutual Funds - 3rd Party Ratings info Yes Yes
Mutual Funds - Fees Breakdown info Yes No
Mutual Funds - Top 10 Holdings info Yes No
Mutual Funds - Asset Allocation info Yes No
Mutual Funds - Sector Allocation info Yes No
Mutual Funds - Country Allocation info Yes No
Mutual Funds - StyleMap info Yes No
Options Trading E*TRADE TradeStation
Option Chains - Basic View info Yes Yes
Option Chains - Strategy View info Yes Yes
Option Chains - Streaming info Yes Yes
Option Chains - Total Columns info 32 29
Option Chains - Greeks info 5 5
Option Chains - Quick Analysis info Yes Yes
Option Analysis - P&L Charts info Yes Yes
Option Probability Analysis info Yes Yes
Option Probability Analysis Adv info Yes Yes
Option Positions - Greeks info Yes Yes
Option Positions - Greeks Streaming info Yes Yes
Option Positions - Adv Analysis info Yes Yes
Option Positions - Rolling info Yes Yes
Option Positions - Grouping info Yes Yes
Banking E*TRADE TradeStation
Bank (Member FDIC) info Yes No
Checking Accounts info Yes No
Savings Accounts info Yes No
Credit Cards info Yes No
Debit Cards info Yes No
Mortgage Loans info Yes No
Customer Service E*TRADE TradeStation
Phone Support (Prospect Customers) info Yes Yes
Phone Support (Current Customers) info Yes Yes
Email Support info Yes Yes
Live Chat (Prospect Customers) info No Yes
Live Chat (Current Customers) info Yes Yes
24/7 Support info Yes No
Overall E*TRADE TradeStation
Overall 5/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 4.5/5 Stars
Platforms & Tools 4/5 Stars 4.5/5 Stars
Mobile Trading Apps 5/5 Stars 4.5/5 Stars
Research 5/5 Stars 2/5 Stars
Education 5/5 Stars 3/5 Stars
Ease Of Use 5/5 Stars 4.5/5 Stars
Winner check_circle
Review E*TRADE Review TradeStation Review
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