E*TRADE vs TradeStation 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.
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.
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 |
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Stock Trading | Yes | Yes |
Margin Trading | Yes | Yes |
Fractional Shares | No | No |
OTC Stocks | Yes | Yes |
Mutual Funds | Yes | Yes |
Options Trading | Yes | Yes |
Futures Trading | Yes | Yes |
Crypto Trading | No | No |
Crypto Trading - Total Coins | 0 | 0 |
Range of Investments |
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Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025
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 |
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Web Trading Platform | Yes | Yes |
Desktop Trading Platform | No | Yes |
Desktop Platform (Mac) | No | No |
Paper Trading | Yes | Yes |
Watch Lists - Total Fields | 43 | 341 |
Charting - Indicators / Studies | 121 | 294 |
Charting - Drawing Tools | 37 | 23 |
Platforms & Tools |
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Dive deeper: Best Online Brokerage Accounts for 2025, Best Paper Trading Platforms for 2025
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 |
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Education (Stocks) | Yes | Yes |
Education (ETFs) | Yes | No |
Education (Options) | Yes | Yes |
Education (Mutual Funds) | Yes | No |
Education (Bonds) | Yes | No |
Paper Trading | Yes | Yes |
Videos | Yes | Yes |
Webinars | Yes | Yes |
Education |
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Dive deeper: Best Stock Trading Platforms for Beginners of 2025
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 |
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iPhone App | Yes | Yes |
Android App | Yes | Yes |
Apple Watch App | Yes | No |
Stock Alerts | Yes | Yes |
Charting - After-Hours | Yes | Yes |
Charting - Technical Studies | 107 | 45 |
Mobile Trading Apps |
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Dive deeper: Best Stock Trading Apps for 2025
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 |
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Minimum Deposit | $0.00 | $0.00 |
Stock Trades | $0.00 | $0.00 |
Options (Per Contract) | $0.65 | $0.60 |
Options Exercise Fee | $0.00 | $14.95 |
Options Assignment Fee | $0.00 | $5.95 |
IRA Annual Fee | $0.00 | $35.00 |
IRA Closure Fee | $0.00 | $50.00 |
Dive deeper: Best Free Trading Platforms for 2025
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 |
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Streaming Time & Sales | Yes | Yes |
Streaming TV | Yes | No |
Direct Market Routing - Stocks | Yes | Yes |
Level 2 Quotes - Stocks | Yes | Yes |
Trade Ideas - Backtesting | No | Yes |
Trade Ideas - Backtesting Adv | No | Yes |
Short Locator | No | Yes |
Dive deeper: Best Day Trading Platforms for 2025
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 |
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Research - Stocks | Yes | Yes |
Screener - Stocks | Yes | Yes |
Research - ETFs | Yes | Yes |
Screener - ETFs | Yes | No |
Research - Mutual Funds | Yes | No |
Screener - Mutual Funds | Yes | No |
Research - Bonds | Yes | No |
Screener - Bonds | Yes | No |
Research |
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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 |
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Checking Accounts | Yes | No |
Savings Accounts | Yes | No |
Debit Cards | Yes | No |
Credit Cards | Yes | No |
Mortgage Loans | Yes | No |
CDs | Yes | No |
Dive deeper: Best Bank Accounts for Trading Stocks for 2025
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.
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
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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0 of 5Overall Rating | E*TRADE | TradeStation | |
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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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Customer Service |
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Education |
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Ease Of Use |
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Winner | check_circle | ||
Review | E*TRADE Review | TradeStation Review |
Broker Screenshots | E*TRADE | TradeStation | |
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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 | E*TRADE | TradeStation | |
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Minimum Deposit | $0.00 | $0.00 | |
Stock Trades | $0.00 | $0.00 | |
Penny Stock Fees (OTC) | $6.95 | $0.01 | |
Mutual Fund Trade Fee | $0.00 | $14.95 | |
Options (Per Contract) | $0.65 | $0.60 | |
Futures (Per Contract) | $1.50 | $1.50 | |
Broker Assisted Trade Fee | $25 | $25 |
Margin Rates | E*TRADE | TradeStation | |
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Margin Rate Under $25,000 | 14.2% | 13.0% | |
Margin Rate $25,000 to $49,999.99 | 13.7% | 13.0% | |
Margin Rate $50,000 to $99,999.99 | 13.2% | 12.5% | |
Margin Rate $100,000 to $249,999.99 | 12.7% | 12.0% | |
Margin Rate $250,000 to $499,999.99 | 12.2% | 12.0% | |
Margin Rate $500,000 to $999,999.99 | Varies | 7.5% | |
Margin Rate Above $1,000,000 | Varies | 7.5% |
Account Fees | E*TRADE | TradeStation | |
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IRA Annual Fee | $0.00 | $35.00 | |
IRA Closure Fee | $0.00 | $50.00 | |
Account Transfer Out (Partial) | $0.00 | $125.00 | |
Account Transfer Out (Full) | $75.00 | $125.00 | |
Options Exercise Fee | $0.00 | $14.95 | |
Options Assignment Fee | $0.00 | $5.95 |
Investment Options | E*TRADE | TradeStation | |
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Stock Trading | Yes | Yes | |
Margin Trading | Yes | Yes | |
Fractional Shares | No | No | |
OTC Stocks | Yes | Yes | |
Options Trading | Yes | Yes | |
Complex Options Max Legs | 4 | 4 | |
Futures Trading | Yes | Yes | |
Forex Trading | No | No | |
Crypto Trading | No | No | |
Crypto Trading - Total Coins | 0 | 0 | |
Mutual Funds (No Load) | 6486 | 800 | |
Mutual Funds (Total) | 7242 | 4000 | |
Bonds (US Treasury) | Yes | Yes | |
Bonds (Corporate) | Yes | Yes | |
Bonds (Municipal) | Yes | Yes | |
Traditional IRAs | Yes | Yes | |
Roth IRAs | Yes | Yes | |
Advisor Services | Yes | No | |
International Countries (Stocks) | 0 | 0 |
Order Types | E*TRADE | TradeStation | |
---|---|---|---|
Order Type - Market | Yes | Yes | |
Order Type - Limit | Yes | Yes | |
Order Type - After Hours | Yes | Yes | |
Order Type - Stop | Yes | Yes | |
Order Type - Trailing Stop | Yes | Yes | |
Order Type - OCO | Yes | Yes | |
Order Type - OTO | Yes | Yes | |
Order Type - Broker Assisted | Yes | Yes |
Beginners | E*TRADE | TradeStation | |
---|---|---|---|
Education (Stocks) | Yes | Yes | |
Education (ETFs) | Yes | No | |
Education (Options) | Yes | Yes | |
Education (Mutual Funds) | Yes | No | |
Education (Bonds) | Yes | No | |
Education (Retirement) | Yes | No | |
Retirement Calculator | Yes | No | |
Investor Dictionary | Yes | No | |
Paper Trading | Yes | Yes | |
Videos | Yes | Yes | |
Webinars | Yes | Yes | |
Webinars (Archived) | Yes | Yes | |
Progress Tracking | No | No | |
Interactive Learning - Quizzes | No | No |
Stock Trading Apps | E*TRADE | TradeStation | |
---|---|---|---|
iPhone App | Yes | Yes | |
Android App | Yes | Yes | |
Apple Watch App | Yes | No | |
Trading - Stocks | Yes | Yes | |
Trading - After-Hours | Yes | Yes | |
Trading - Simple Options | Yes | Yes | |
Trading - Complex Options | Yes | Yes | |
Order Ticket RT Quotes | Yes | Yes | |
Order Ticket SRT Quotes | Yes | Yes |
Stock App Features | E*TRADE | TradeStation | |
---|---|---|---|
Market Movers (Top Gainers) | Yes | Yes | |
Stream Live TV | Yes | No | |
Videos on Demand | No | No | |
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 | Yes |
Stock App Charting | E*TRADE | TradeStation | |
---|---|---|---|
Charting - After-Hours | Yes | Yes | |
Charting - Can Turn Horizontally | Yes | No | |
Charting - Multiple Time Frames | Yes | Yes | |
Charting - Technical Studies | 107 | 45 | |
Charting - Study Customizations | Yes | Yes | |
Charting - Stock Comparisons | Yes | No |
Trading Platforms | E*TRADE | TradeStation | |
---|---|---|---|
Active Trading Platform | Power E*TRADE | TradeStation 10 | |
Desktop Trading Platform | No | Yes | |
Desktop Platform (Mac) | No | No | |
Web Trading Platform | Yes | Yes | |
Paper Trading | Yes | Yes | |
Trade Journal | No | No | |
Watch Lists - Total Fields | 43 | 341 |
Stock Chart Features | E*TRADE | TradeStation | |
---|---|---|---|
Charting - Adjust Trades on Chart | Yes | Yes | |
Charting - Indicators / Studies | 121 | 294 | |
Charting - Drawing Tools | 37 | 23 | |
Charting - Notes | Yes | Yes | |
Charting - Index Overlays | Yes | Yes | |
Charting - Historical Trades | Yes | Yes | |
Charting - Corporate Events | Yes | Yes | |
Charting - Custom Date Range | Yes | Yes | |
Charting - Custom Time Bars | No | Yes | |
Charting - Automated Analysis | Yes | Yes | |
Charting - Save Profiles | Yes | Yes | |
Trade Ideas - Technical Analysis | Yes | Yes | |
Charting - Study Customizations | 8 | 12 | |
Charting - Custom Studies | No | Yes |
Day Trading | E*TRADE | TradeStation | |
---|---|---|---|
Streaming Time & Sales | Yes | Yes | |
Streaming TV | Yes | No | |
Direct Market Routing - Stocks | Yes | Yes | |
Ladder Trading | No | Yes | |
Trade Hotkeys | Yes | Yes | |
Level 2 Quotes - Stocks | Yes | Yes | |
Trade Ideas - Backtesting | No | Yes | |
Trade Ideas - Backtesting Adv | No | Yes | |
Short Locator | No | Yes | |
Order Liquidity Rebates | No | Yes |
Research Overview | E*TRADE | TradeStation | |
---|---|---|---|
Research - Stocks | Yes | Yes | |
Research - ETFs | Yes | Yes | |
Research - Mutual Funds | Yes | No | |
Research - Pink Sheets / OTCBB | Yes | Yes | |
Research - Bonds | Yes | No | |
Screener - Stocks | Yes | Yes | |
Screener - ETFs | Yes | No | |
Screener - Mutual Funds | Yes | No | |
Screener - Bonds | Yes | No | |
Misc - Portfolio Allocation | Yes | Yes |
Stock Research | E*TRADE | TradeStation | |
---|---|---|---|
Stock Research - PDF Reports | 8 | 0 | |
Stock Research - Earnings | Yes | No | |
Stock Research - Insiders | Yes | No | |
Stock Research - Social | Yes | No | |
Stock Research - News | Yes | Yes | |
Stock Research - ESG | No | No | |
Stock Research - SEC Filings | Yes | No |
ETF Research | E*TRADE | TradeStation | |
---|---|---|---|
ETFs - Strategy Overview | Yes | No | |
ETF Fund Facts - Inception Date | Yes | No | |
ETF Fund Facts - Expense Ratio | Yes | No | |
ETF Fund Facts - Net Assets | Yes | No | |
ETF Fund Facts - Total Holdings | Yes | No | |
ETFs - Top 10 Holdings | Yes | No | |
ETFs - Sector Exposure | Yes | No | |
ETFs - Risk Analysis | Yes | No | |
ETFs - Ratings | Yes | No | |
ETFs - Morningstar StyleMap | Yes | No | |
ETFs - PDF Reports | Yes | No |
Mutual Fund Research | E*TRADE | TradeStation | |
---|---|---|---|
Mutual Funds - Strategy Overview | Yes | No | |
Mutual Funds - Performance Chart | Yes | No | |
Mutual Funds - Performance Analysis | Yes | No | |
Mutual Funds - Prospectus | Yes | No | |
Mutual Funds - 3rd Party Ratings | Yes | Yes | |
Mutual Funds - Fees Breakdown | Yes | No | |
Mutual Funds - Top 10 Holdings | Yes | No | |
Mutual Funds - Asset Allocation | Yes | No | |
Mutual Funds - Sector Allocation | Yes | No | |
Mutual Funds - Country Allocation | Yes | No | |
Mutual Funds - StyleMap | Yes | No |
Options Trading | E*TRADE | TradeStation | |
---|---|---|---|
Option Chains - Basic View | Yes | Yes | |
Option Chains - Strategy View | Yes | Yes | |
Option Chains - Streaming | Yes | Yes | |
Option Chains - Total Columns | 32 | 29 | |
Option Chains - Greeks | 5 | 5 | |
Option Chains - Quick Analysis | Yes | Yes | |
Option Analysis - P&L Charts | Yes | Yes | |
Option Probability Analysis | Yes | Yes | |
Option Probability Analysis Adv | Yes | Yes | |
Option Positions - Greeks | Yes | Yes | |
Option Positions - Greeks Streaming | Yes | Yes | |
Option Positions - Adv Analysis | Yes | Yes | |
Option Positions - Rolling | Yes | Yes | |
Option Positions - Grouping | Yes | Yes |
Banking | E*TRADE | TradeStation | |
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Bank (Member FDIC) | Yes | No | |
Checking Accounts | Yes | No | |
Savings Accounts | Yes | No | |
Credit Cards | Yes | No | |
Debit Cards | Yes | No | |
Mortgage Loans | Yes | No |
Customer Service | E*TRADE | TradeStation | |
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Phone Support (Prospect Customers) | Yes | Yes | |
Phone Support (Current Customers) | Yes | Yes | |
Email Support | Yes | Yes | |
Live Chat (Prospect Customers) | No | Yes | |
Live Chat (Current Customers) | Yes | Yes | |
24/7 Support | Yes | No |
Overall | E*TRADE | TradeStation | |
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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 | E*TRADE Review | TradeStation Review |