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TradeStation vs Robinhood 2025

StockBrokers.com

Written by StockBrokers.com

February 20, 2025

In this head to head comparison of TradeStation vs Robinhood, we will compare the trading platforms, mobile apps, range of investments, 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
Robinhood
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.00

Range of investments

When evaluating TradeStation and Robinhood for your investment needs, it's important to consider their breadth of investment options. TradeStation shines with a diverse range of offerings, including stock, margin, options, and futures trading. Though it lacks in crypto and fractional share options, it compensates with access to OTC stocks and mutual funds. This places TradeStation at a higher ranking for range of investments, boasting 4.5 stars compared to Robinhood's 3.5 stars. Robinhood, while also strong in stock, margin, and options trading, gains favor for its user-friendly fractional share trading and a wide array of 22 cryptocurrencies, though it falls short on OTC stocks, mutual funds, and futures trading options.

Both platforms offer traditional and Roth IRA accounts, allowing users to deploy their long-term investment strategies efficiently. While Robinhood thrives with its appeal to beginner investors through features like fractional shares and crypto trading, TradeStation caters more to advanced traders who seek a broader array of traditional investment options. Unfortunately, neither platform provides advisory services, so self-directed investors should be prepared to navigate their own financial paths.

In summary, your choice between TradeStation and Robinhood depends on your investment strategy and preferences. If you prioritize extensive investment options and are inclined towards trading futures or mutual funds, TradeStation might be your go-to. Alternatively, if you're interested in fractional shares and the expansive world of cryptocurrencies, Robinhood offers an intriguing selection tailored to modern investing trends.

Feature TradeStation logoTradeStation
Robinhood logoRobinhood
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info No Yes
OTC Stocks info Yes No
Mutual Funds info Yes No
Options Trading info Yes Yes
Futures Trading info Yes No
Crypto Trading info No Yes info
Crypto Trading - Total Coins info 0 22
Range of Investments 4.5/5 Stars 3.5/5 Stars

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

Trading platforms and tools

TradeStation offers a more comprehensive trading experience compared to Robinhood when it comes to platforms and tools. While TradeStation provides a Windows desktop application for advanced trading, Robinhood does not support any downloadable platform for either Windows or Mac. Both brokers provide browser-based platforms, but TradeStation also includes features like paper trading and the ability to show historical trades on charts, giving traders more tools to practice and refine their strategies. Additionally, TradeStation excels with a wide range of customizable chart options and technical indicators, contributing to its higher rating of 4.5 stars for trading platforms and tools compared to Robinhood's 3.5 stars.

For those who prioritize charting features and customization, TradeStation certainly takes the lead. It offers a staggering 341 fields for watch lists, far surpassing Robinhood’s more limited three fields. Furthermore, TradeStation provides 294 technical indicators and allows for in-depth custom studies, which significantly boosts its usefulness for technical traders. Although both platforms have 23 drawing tools and allow for direct adjustments of open orders on charts, TradeStation’s extensive features such as corporate events display on charts and automated technical analysis set it apart from Robinhood.

However, both TradeStation and Robinhood do have similarities that may appeal to certain traders. Both platforms allow users to set custom date ranges and save multiple chart profiles, offering flexibility in how traders view and organize their data. Despite these shared features, TradeStation's extensive tool set and higher ranking by StockBrokers.com (3rd out of 16 brokers) highlights its superiority, especially for those who require a feature-rich environment for sophisticated trading strategies. Robinhood, ranked 9th, may still appeal to new or less demanding traders who prefer a simpler, more streamlined trading platform.

Feature TradeStation logoTradeStation
Robinhood logoRobinhood
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 3
Charting - Indicators / Studies info 294 16
Charting - Drawing Tools info 23 23
Platforms & Tools 4.5/5 Stars 3.5/5 Stars

Dive deeper: 7 Best Brokerage Accounts for 2025, Best Paper Trading Platforms for 2025

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Beginners and education

When it comes to educating beginners and investors, both TradeStation and Robinhood offer valuable resources, but they cater to different needs and preferences. TradeStation provides stock and options education, which can be beneficial for users looking to delve into these specific areas. Additionally, TradeStation includes paper trading, allowing users to practice stock market strategies without risking real money, as well as educational videos and webinars to support learning. However, it does not offer resources for ETFs, mutual funds, or bonds, and lacks features like educational quizzes or learning progress tracking. This could be a drawback for those seeking a more diverse educational experience.

On the other hand, Robinhood's educational offerings appeal to beginners with its higher overall education rating. It covers stock, ETF, and options education, providing a broader range of topics for those new to investing. While Robinhood does not support paper trading or offer educational videos, it does host webinars to engage users. Despite the absence of deep educational features like quizzes or progress tracking, Robinhood’s accessible content makes it a popular choice, ranking higher than TradeStation in education effectiveness. With a four-star rating for its educational resources compared to TradeStation's three stars, Robinhood stands out for newcomers interested in a wide array of investing topics.

Feature TradeStation logoTradeStation
Robinhood logoRobinhood
Education (Stocks) info Yes Yes
Education (ETFs) info No Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info No No
Education (Bonds) info No No
Paper Trading info Yes No
Videos info Yes No
Webinars info Yes Yes
Education 3/5 Stars 4/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2025

Stock trading apps

When it comes to stock trading apps, TradeStation and Robinhood each offer unique features that cater to both novice and seasoned investors. Both platforms provide iPhone and Android apps, ensuring accessibility for most users, while only Robinhood extends its reach with an Apple Watch app. The two brokers support mobile trading after-hours, options trading, streaming quotes, stock alerts, and the ability to create customizable watch lists with adjustable columns. However, TradeStation stands out with 45 technical studies for charting compared to Robinhood's six, potentially giving advanced traders more tools for analysis.

Charting capabilities are fairly aligned for both platforms, offering after-hours charting and the ability to view multiple time frames. Unfortunately, neither app supports landscape mode for chart viewing or the ability to display stock comparisons directly on the charts. This means users on both platforms may need to look elsewhere for these specific charting functionalities. Despite these similarities, TradeStation’s advantage in technical studies might appeal to those who prioritize detailed market analysis on the go.

Both TradeStation and Robinhood maintain a commendable rating of 4.5 stars for their stock trading apps. According to StockBrokers.com, Robinhood slightly edges out with a ranking of #7 compared to TradeStation's #8 out of 16 brokers. Ultimately, the decision between TradeStation and Robinhood may hinge on whether users prioritize broader charting tools or the convenience of additional app access, such as the Apple Watch compatibility offered by Robinhood.

Feature TradeStation logoTradeStation
Robinhood logoRobinhood
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info No Yes
Stock Alerts info Yes Yes
Charting - After-Hours info Yes Yes
Charting - Technical Studies info 45 6
Mobile Trading Apps 4.5/5 Stars 4.5/5 Stars

Dive deeper: Best Stock Trading Apps for 2025

Fees

When choosing between TradeStation and Robinhood, it's crucial to consider the specifics of their account fees and other charges to align with your financial goals. While both platforms offer commission-free trading on stocks, they differ significantly in other fee structures. Robinhood clearly takes the lead for cost-conscious investors by offering zero charges for options contracts and several other services that TradeStation does charge for, such as options exercise and assignment fees. Users who engage in margin trading will also find Robinhood's lower interest rates appealing compared to TradeStation's higher ones. Overall, Robinhood emerges as the more affordable option for investors mindful of costs.

TradeStation and Robinhood both have a minimum deposit requirement of $0, making them accessible for new investors. Regular stock trades are commission-free with both brokers, simplifying the decision for those focused solely on stock transactions. However, when trading options, investors will face different costs—TradeStation charges $0.60 per contract, while Robinhood offers this service for free. For investors considering margin trading, the difference in interest rates is notable: TradeStation charges 13.0% for balances under $25,000, while Robinhood charges a considerably lower 5.75%. As balance amounts increase, Robinhood continues to offer more competitive rates.

Additional fees further highlight the disparities between the two brokers. TradeStation imposes an IRA annual fee of $35 and a closure fee of $50, which Robinhood does not charge, making Robinhood a more attractive option for retirement account holders. When it comes to account transfers, TradeStation asks $125 for both partial and full Account Transfers (ACAT), while Robinhood charges $100, slightly reducing costs for those transferring assets. Lastly, TradeStation's options exercise and assignment fees further inflate its costs compared to Robinhood's lack of charges in these categories, reinforcing Robinhood's position as the lower-fee alternative.

Feature TradeStation logoTradeStation
Robinhood logoRobinhood
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Options (Per Contract) info $0.60 $0.00
Options Exercise Fee info $14.95 $0.00
Options Assignment Fee info $5.95 $0.00
IRA Annual Fee info $35.00 $0.00
IRA Closure Fee info $50.00 $0.00

Dive deeper: Best Free Trading Platforms for 2025

Day Trading

When comparing TradeStation and Robinhood for day trading, there are significant differences in their offerings. TradeStation provides an extensive set of tools catering to active traders. It features streaming time and sales, direct market routing, and ladder trading, along with the ability to use trading hotkeys for quick trade entries. Additionally, TradeStation supports both basic and advanced strategy backtesting and offers level 2 quotes, which provide deeper insights into market depth. A distinct advantage for short-sellers is TradeStation's short locator tool that helps traders find shares available for shorting in real time. Furthermore, TradeStation offers order liquidity rebates, adding another layer of cost efficiency for frequent traders.

On the other hand, Robinhood simplifies day trading with a more beginner-friendly platform but omits some advanced features. While it does support ladder trading, Robinhood lacks streaming time and sales, direct market routing, and trading hotkeys, which can be vital for seasoned day traders. The platform also does not provide level 2 quotes or any form of backtesting tools, which can limit strategic planning and execution. Additionally, Robinhood's absence of a short locator tool and order liquidity rebates might reduce its appeal for those employing more sophisticated trading strategies. Thus, TradeStation emerges as a more feature-rich option for serious day traders, while Robinhood might be more appealing for those who prefer a straightforward approach.

Feature TradeStation logoTradeStation
Robinhood logoRobinhood
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 info
Trade Ideas - Backtesting info Yes No
Trade Ideas - Backtesting Adv info Yes No
Short Locator info Yes No

Dive deeper: Best Day Trading Platforms for 2025

Market Research

When it comes to market research capabilities, both TradeStation and Robinhood offer a mix of strengths and limitations. While each platform provides research options for stocks, ETFs, and Pink Sheets/OTCBB, neither supports mutual funds or bonds research, nor do they provide downloadable PDF reports, which may limit users seeking in-depth analyses. Consequently, the StockBrokers.com ratings position TradeStation and Robinhood quite similarly for market research, with each receiving two out of five stars, while ranking Robinhood slightly higher at 10th and TradeStation at 11th among 16 brokers.

In more detail, both platforms allow users to explore stocks and ETF options, with each offering a stock screener to find trade ideas. However, TradeStation provides additional insights by enabling users to view portfolio allocation by asset class, which Robinhood lacks. Neither platform incorporates social media sentiment data or ESG research, which might be essential for socially conscious investors. Both platforms fall short in mutual fund and bond research options, leaving some users to rely on alternate resources for comprehensive data.

TradeStation and Robinhood are similar in their offerings, yet they lack certain advanced research tools, which might be a deciding factor for investors seeking a comprehensive grasp of potential investments. With neither platform providing downloadable reports or incorporating advanced analyses methods like ESG data, investors may need to look at additional resources to supplement the market research provided by both platforms.

Feature TradeStation logoTradeStation
Robinhood logoRobinhood
Research - Stocks info Yes Yes
Screener - Stocks info Yes Yes
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 2/5 Stars 2/5 Stars

Banking

When comparing the banking features of online brokers TradeStation and Robinhood, there are some key differences to consider. TradeStation does not provide checking or savings accounts, and it also doesn’t offer debit or credit cards. Mortgage loans and certificates of deposit (CDs) are not part of TradeStation’s offerings either. In contrast, Robinhood also lacks checking and savings accounts, mortgage loans, and CDs, but it does provide users with debit and credit card options. Therefore, if having access to debit and credit cards through your brokerage platform is important to you, Robinhood may be the preferable choice.

Feature TradeStation logoTradeStation
Robinhood logoRobinhood
Checking Accounts info No No
Savings Accounts info No No
Debit Cards info No Yes
Credit Cards info No Yes
Mortgage Loans info No No
CDs info No No

Dive deeper: Best Bank Accounts for Trading Stocks for 2025

Winner

After opening live accounts and testing 16 of the best online brokers, our research and live account testing finds that TradeStation is better than Robinhood. TradeStation finished with an overall score of 80.2%, while Robinhood finished with a score of 77.3%.

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 Robinhood?

TradeStation does not offer crypto trading, while Robinhood provides access to 22 different cryptocurrencies, making Robinhood a more appealing choice for those interested in crypto investments.

Dive deeper: Best Online Brokers for Crypto Trading in 2025

Does TradeStation or Robinhood offer IRAs?

Both TradeStation and Robinhood provide options for traditional and Roth IRA accounts, but TradeStation charges a $35 annual fee and a $50 closure fee, whereas Robinhood offers these services with no annual or closure fees, making Robinhood a cost-effective choice for IRA account management.

Dive deeper: Best IRA Accounts for 2025

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Compare

0 of 5
Overall Rating TradeStation Robinhood
Overall 4/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4.5/5 Stars 3.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 4.5/5 Stars
Research 2/5 Stars 2/5 Stars
Customer Service 3.5/5 Stars N/A
Education 3/5 Stars 4/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review TradeStation Review Robinhood Review
Broker Screenshots TradeStation Robinhood
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 Robinhood
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Penny Stock Fees (OTC) info $0.01 info N/A
Mutual Fund Trade Fee info $14.95 N/A
Options (Per Contract) info $0.60 $0.00
Futures (Per Contract) info $1.50 (Not offered)
Broker Assisted Trade Fee info $25 N/A
Margin Rates TradeStation Robinhood
Margin Rate Under $25,000 info 13.0% 5.75%
Margin Rate $25,000 to $49,999.99 info 13.0% 5.75%
Margin Rate $50,000 to $99,999.99 info 12.5% 5.55%
Margin Rate $100,000 to $249,999.99 info 12.0% 5.25%
Margin Rate $250,000 to $499,999.99 info 12.0% 5.25%
Margin Rate $500,000 to $999,999.99 info 7.5% info 5.25%
Margin Rate Above $1,000,000 info 7.5% info 5% info
Account Fees TradeStation Robinhood
IRA Annual Fee info $35.00 $0.00
IRA Closure Fee info $50.00 $0.00
Account Transfer Out (Partial) info $125.00 $100.00
Account Transfer Out (Full) info $125.00 $100.00
Options Exercise Fee info $14.95 $0.00
Options Assignment Fee info $5.95 $0.00
Investment Options TradeStation Robinhood
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info No Yes
OTC Stocks info Yes No
Options Trading info Yes Yes
Complex Options Max Legs info 4 4
Futures Trading info Yes No
Forex Trading info No No
Crypto Trading info No Yes info
Crypto Trading - Total Coins info 0 22
Mutual Funds (No Load) info 800 0
Mutual Funds (Total) info 4000 0
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 Robinhood
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 No
Order Type - OTO info Yes No
Order Type - Broker Assisted info Yes No
Beginners TradeStation Robinhood
Education (Stocks) info Yes Yes
Education (ETFs) info No Yes
Education (Options) info Yes Yes
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 Yes
Paper Trading info Yes No
Videos info Yes No
Webinars info Yes Yes
Webinars (Archived) info Yes No
Progress Tracking info No No
Interactive Learning - Quizzes info No No
Stock Trading Apps TradeStation Robinhood
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info No Yes
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 TradeStation Robinhood
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info No 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 TradeStation Robinhood
Charting - After-Hours info Yes Yes
Charting - Can Turn Horizontally info No No
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 45 6
Charting - Study Customizations info Yes Yes
Charting - Stock Comparisons info No No
Trading Platforms TradeStation Robinhood
Active Trading Platform info TradeStation 10 Robinhood Legend
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 3
Stock Chart Features TradeStation Robinhood
Charting - Adjust Trades on Chart info Yes Yes
Charting - Indicators / Studies info 294 16
Charting - Drawing Tools info 23 23
Charting - Notes info Yes Yes
Charting - Index Overlays info Yes Yes
Charting - Historical Trades info Yes No
Charting - Corporate Events info Yes No
Charting - Custom Date Range info Yes Yes
Charting - Custom Time Bars info Yes Yes
Charting - Automated Analysis info Yes No
Charting - Save Profiles info Yes Yes
Trade Ideas - Technical Analysis info Yes No
Charting - Study Customizations info 12 1
Charting - Custom Studies info Yes No
Day Trading TradeStation Robinhood
Streaming Time & Sales info Yes No
Streaming TV info No No
Direct Market Routing - Stocks info Yes No
Ladder Trading info Yes Yes
Trade Hotkeys info Yes No
Level 2 Quotes - Stocks info Yes No info
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 Robinhood
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 Yes
Screener - ETFs info No No
Screener - Mutual Funds info No No
Screener - Bonds info No No
Misc - Portfolio Allocation info Yes No
Stock Research TradeStation Robinhood
Stock Research - PDF Reports info 0 0 info
Stock Research - Earnings info No Yes
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 Robinhood
ETFs - Strategy Overview info No Yes
ETF Fund Facts - Inception Date info No Yes
ETF Fund Facts - Expense Ratio info No Yes
ETF Fund Facts - Net Assets info No Yes
ETF Fund Facts - Total Holdings info No Yes
ETFs - Top 10 Holdings info No Yes
ETFs - Sector Exposure info No Yes
ETFs - Risk Analysis info No No
ETFs - Ratings info No No
ETFs - Morningstar StyleMap info No No
ETFs - PDF Reports info No No info
Mutual Fund Research TradeStation Robinhood
Mutual Funds - Strategy Overview info No No
Mutual Funds - Performance Chart info No No
Mutual Funds - Performance Analysis info No No
Mutual Funds - Prospectus info No No
Mutual Funds - 3rd Party Ratings info Yes No
Mutual Funds - Fees Breakdown info No No
Mutual Funds - Top 10 Holdings info No No
Mutual Funds - Asset Allocation info No No
Mutual Funds - Sector Allocation info No No
Mutual Funds - Country Allocation info No No
Mutual Funds - StyleMap info No No
Options Trading TradeStation Robinhood
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 29 17
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 No
Option Probability Analysis Adv info Yes No
Option Positions - Greeks info Yes Yes
Option Positions - Greeks Streaming info Yes Yes
Option Positions - Adv Analysis info Yes No
Option Positions - Rolling info Yes Yes
Option Positions - Grouping info Yes Yes
Banking TradeStation Robinhood
Bank (Member FDIC) info No No
Checking Accounts info No No
Savings Accounts info No No
Credit Cards info No Yes
Debit Cards info No Yes
Mortgage Loans info No No
Customer Service TradeStation Robinhood
Phone Support (Prospect Customers) info Yes No
Phone Support (Current Customers) info Yes Yes
Email Support info Yes Yes
Live Chat (Prospect Customers) info Yes No
Live Chat (Current Customers) info Yes Yes
24/7 Support info No Yes
Overall TradeStation Robinhood
Overall 4/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4.5/5 Stars 3.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 4.5/5 Stars
Research 2/5 Stars 2/5 Stars
Education 3/5 Stars 4/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review TradeStation Review Robinhood Review
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