TradeStation vs tastytrade 2025
In this head to head comparison of TradeStation vs tastytrade, 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 tastytrade, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
When it comes to investment options, TradeStation and tastytrade both offer extensive opportunities, but there are notable differences between the two. TradeStation shines in offering a broader range of traditional investment vehicles, such as mutual funds and OTC stocks, while tastytrade carves a niche with its inclusion of fractional shares and cryptocurrency trading. Both platforms are robust choices for stock, margin, option, and futures trading. However, TradeStation pulls ahead in industry rankings, earning a rating of 4.5 stars for range of investments, and securing the #5 spot in StockBrokers.com's ranking. Tastytrade, though slightly behind with 4 stars and a #10 ranking, still provides competitive investment options, making both platforms valuable contenders.
TradeStation caters to investors looking for variety in traditional markets, offering features like stock and options trading, mutual funds, and OTC stocks. However, it lacks in the cryptocurrency and fractional shares domains. For investors interested in traditional retirement accounts, both TradeStation and tastytrade support traditional and Roth IRA accounts. While forex trading is not supported by either broker, mutual fund investors will find TradeStation more suited to their needs, thanks to its inclusion of these opportunities.
On the other hand, tastytrade is an appealing option for investors interested in modern investment trends like cryptocurrency and fractional shares. With a selection of four different cryptocurrencies and the ability to trade fractional shares, tastytrade embraces newer market opportunities. However, it does not support mutual funds or OTC stocks, narrowing its traditional investment offerings compared to TradeStation. Both lack advisor services, so self-directed planning remains essential regardless of the platform you choose.
Feature |
|
|
---|---|---|
Stock Trading | Yes | Yes |
Margin Trading | Yes | Yes |
Fractional Shares | No | Yes |
OTC Stocks | Yes | No |
Mutual Funds | Yes | No |
Options Trading | Yes | Yes |
Futures Trading | Yes | Yes |
Crypto Trading | No | Yes |
Crypto Trading - Total Coins | 0 | 4 |
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 tastytrade, TradeStation generally edges out tastytrade for trading platforms and tools, with a rating of 4.5 stars against tastytrade's 4 stars. Particularly favorable for TradeStation are its advanced charting features and the flexibility to customize small moving average studies with more fields than tastytrade allows. Moreover, being ranked #3 by StockBrokers.com for trading platforms and tools, TradeStation surpasses tastytrade, which sits at #8. Therefore, if you're searching for a comprehensive trading experience with advanced technical capabilities, TradeStation might just be your go-to choice.
Both TradeStation and tastytrade offer Windows desktop downloadable trading platforms and browser-based platforms, making them accessible for users who prioritize flexibility. What sets them apart is TradeStation's lack of a downloadable Mac platform, where tastytrade offers that option. On the innovation front, TradeStation supports paper trading, which tastytrade does not, providing traders an additional opportunity to practice trading strategies without financial risk. Although neither offer a trading journal, the platforms are equipped with a variety of technical indicators and allow adjustments of open orders directly on charts.
Chart enthusiasts will find that TradeStation delivers a staggering 341 columns for watch lists compared to tastytrade's 33, catering to those needing detailed data oversight. Additionally, when it comes to technical indicators and drawing tools, both offer a wide range, with tastytrade slightly outpacing TradeStation in the number of indicators available (308 vs. 294). TradeStation, however, complements this with tools like custom date ranges for charts, automated technical analysis, and the ability to customize multiple fields within SMA studies. Both platforms allow for index overlays, notes, and the display of historical trades and corporate events on charts, permitting a robust analysis of market movements.
Feature |
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Web Trading Platform | Yes | Yes |
Desktop Trading Platform | Yes | Yes |
Desktop Platform (Mac) | No | Yes |
Paper Trading | Yes | No |
Watch Lists - Total Fields | 341 | 33 |
Charting - Indicators / Studies | 294 | 308 |
Charting - Drawing Tools | 23 | 31 |
Platforms & Tools |
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Dive deeper: 7 Best Brokerage Accounts for 2025, Best Paper Trading Platforms for 2025
TradeStation and tastytrade both cater to beginner investors looking for educational resources, but they have different strengths. TradeStation provides a comprehensive suite with stock and options education, bringing valuable resources such as educational videos and webinars to its users. Additionally, TradeStation supports paper trading, allowing beginners to practice trades without risking real money. However, it does not offer education on ETFs or mutual funds, nor does it include features like educational quizzes or the ability to track learning progress, which might limit some users' ability to assess their knowledge growth.
In contrast, tastytrade offers a diverse educational approach with content on stocks, ETFs, and options, along with a focus on webinars and the unique feature of tracking learning progress. Although lacking educational videos and paper trading, it compensates for this with its broader range of educational topics. StockBrokers.com ranks tastytrade higher than TradeStation in terms of education, placing it at #10 out of 16 brokers, compared to TradeStation's rank of #14. Ultimately, tastytrade edges out with a higher user-rated education score, indicating strong investor education capability suited for various learning needs.
Feature |
|
|
---|---|---|
Education (Stocks) | Yes | Yes |
Education (ETFs) | No | Yes |
Education (Options) | Yes | Yes |
Education (Mutual Funds) | No | No |
Education (Bonds) | No | No |
Paper Trading | Yes | No |
Videos | Yes | No |
Webinars | Yes | Yes |
Education |
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Dive deeper: Best Stock Trading Platforms for Beginners of 2025
When deciding between TradeStation and tastytrade for their stock trading apps, both platforms offer a compelling set of features but cater to slightly different needs. TradeStation and tastytrade stand neck-and-neck in user satisfaction, with both earning a commendable 4.5-star rating. However, TradeStation edges out tastytrade in expert rankings by securing the 8th spot compared to tastytrade's 10th place as per StockBrokers.com.
TradeStation provides robust stock trading app capabilities, making it a strong choice for traders who require comprehensive technical analysis tools. TradeStation offers apps for both iPhone and Android, and supports mobile after-hours stock and options trading. Users of TradeStation can also customize their experience by creating and modifying watch lists and watch list columns. In terms of charting, TradeStation users benefit from 45 different technical studies, which makes it an ideal choice for traders heavily reliant on technical analysis. However, the platform does not offer video streaming or live TV features.
On the other hand, tastytrade brings its own strengths to the table, with available apps for both iPhone and Android users. Like TradeStation, tastytrade supports mobile options trading and allows for creating and customizing watch lists. The app also supports after-hours charting and viewing charts in landscape mode, a feature absent from TradeStation. However, tastytrade lacks technical studies for charting, which might be a limitation for some traders. While both platforms do not offer streaming live TV or videos on demand, tastytrade distinguishes itself with its user-friendly interface, especially appealing to beginner traders or those preferring simplicity.
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 | No |
Charting - After-Hours | Yes | Yes |
Charting - Technical Studies | 45 | 0 |
Mobile Trading Apps |
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Dive deeper: Best Stock Trading Apps for 2025
When deciding between TradeStation and tastytrade, investors will find distinct differences in fees and charges that may influence their choice. Both platforms require no minimum deposit and offer commission-free regular stock trades, making them accessible to a broad audience. However, tastytrade generally provides more cost-effective options trading at $0.50 per contract, compared to TradeStation’s $0.60. Additionally, tastytrade offers more competitive rates on margin balances, which could lead to significant savings for investors using margin accounts.
When it comes to account-specific fees, tastytrade remains appealing with no IRA annual fees, whereas TradeStation imposes a $35 annual charge. Interestingly though, tastytrade charges a slightly higher IRA closure fee of $60 compared to TradeStation’s $50. For account transfers, tastytrade continues its advantage with lower fees of $75 for both partial and full ACAT transfers, while TradeStation charges a more substantial $125 across the board.
Investors focused on options trading will also note differences in fees related to options exercise and assignment. TradeStation charges $14.95 for options exercises and $5.95 for assignments, while tastytrade offers more affordable rates at $5 for both services. These variances highlight the importance of assessing individual trading habits to determine which broker is more cost-effective. Overall, tastytrade tends to foster savings for active traders, particularly those keen on options or employing margin, with its lower fee structure compared to TradeStation.
Feature |
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Minimum Deposit | $0.00 | $0.00 |
Stock Trades | $0.00 | $0.00 |
Options (Per Contract) | $0.60 | $0.50 |
Options Exercise Fee | $14.95 | $5.00 |
Options Assignment Fee | $5.95 | $5.00 |
IRA Annual Fee | $35.00 | $0.00 |
IRA Closure Fee | $50.00 | $60.00 |
Dive deeper: Best Free Trading Platforms for 2025
When comparing TradeStation and tastytrade for day trading, there are clear distinctions to consider. TradeStation shines with its advanced trading functionalities, offering tools crucial for active traders. It includes streaming time and sales for stocks, direct market routing, trading hotkeys, level 2 quotes, and both basic and advanced strategy backtesting. These features are essential for traders looking to execute precise and informed trades within the fast-paced environment of day trading. Additionally, TradeStation provides a short locator tool to view real-time share availability and order liquidity rebates, which can be advantageous for high-frequency traders.
On the other hand, tastytrade offers its own set of unique features. While it lacks some of the advanced trading tools found in TradeStation, such as direct market routing and trading hotkeys, it does offer streaming live TV, which can keep traders informed with real-time news. Both platforms support ladder trading and provide a short locator tool, ensuring traders have a basic foundation for executing trades. However, for those who prioritize a comprehensive suite of trading tools and strategy backtesting, TradeStation may be the more suitable choice.
Feature |
|
|
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Streaming Time & Sales | Yes | No |
Streaming TV | No | Yes |
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 | Yes |
Dive deeper: Best Day Trading Platforms for 2025
In the realm of market research, TradeStation nudges ahead of tastytrade, providing a slightly more versatile platform for investors interested in analyzing various market securities. Both platforms enable in-depth research for stocks and ETFs, a critical feature for many investors. However, TradeStation expands its offerings to include research on Pink Sheets/OTCBB, giving it an edge for those looking into less commonly traded securities. While neither platform shines in providing research through social media sentiment or environmental, social, and governance metrics, TradeStation's overall ratings and rankings inch ahead, making it a marginally better pick for comprehensive research needs.
Both TradeStation and tastytrade provide the tools to research stocks and ETFs, ensuring users can make informed decisions across these primary investment categories. Despite the lack of resources for mutual funds and bonds, users can still access a clear view of their portfolio allocation by asset class on both platforms. A missing feature across these platforms is the availability of downloadable PDF research reports for any security type, potentially leaving users to seek supplementary resources elsewhere. TradeStation, however, offers a stock screener for trade ideas, a valuable tool absent from tastytrade, further cementing its standing in market research capabilities.
While tastytrade provides essential services for stock and ETF research, its absence of screening tools hinders its capacity to offer a complete market research platform compared to TradeStation. The higher market research rating of two stars for TradeStation versus 1.5 stars for tastytrade reflects the modest differences in their offerings. StockBrokers.com also ranks TradeStation higher at #11 out of 16 brokers compared to tastytrade at #13, signaling that investors might find slightly more comprehensive support in their market research endeavors with TradeStation.
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 comparing the banking capabilities of online brokers TradeStation and tastytrade, neither offers traditional banking services such as checking accounts, savings accounts, debit cards, credit cards, mortgage loans, or certificates of deposit (CDs). This means that users looking for banking features will not find them with either TradeStation or tastytrade. These platforms are exclusively geared toward investing and trading, so if banking options are a requirement, you may need to consider additional financial institutions for those needs.
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 tastytrade. TradeStation finished with an overall score of 80.2%, while tastytrade finished with a score of 80.1%.
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 and provides no coins, tastytrade caters to crypto enthusiasts by offering trading options for four different coins.
Dive deeper: Best Online Brokers for Crypto Trading in 2025
Both TradeStation and tastytrade offer traditional and Roth IRA accounts, but while tastytrade provides these with no annual fee, TradeStation charges $35 annually. Additionally, closing an IRA account will incur a $50 fee with TradeStation compared to a $60 fee with tastytrade.
Dive deeper: Best IRA Accounts for 2025
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0 of 5Overall Rating | TradeStation | tastytrade | |
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Overall |
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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 | TradeStation Review | tastytrade Review |
Broker Screenshots | TradeStation | tastytrade | |
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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 | tastytrade | |
---|---|---|---|
Minimum Deposit | $0.00 | $0.00 | |
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 | $0.50 | |
Futures (Per Contract) | $1.50 | $1.25 | |
Broker Assisted Trade Fee | $25 | $0 |
Margin Rates | TradeStation | tastytrade | |
---|---|---|---|
Margin Rate Under $25,000 | 13.0% | 11% | |
Margin Rate $25,000 to $49,999.99 | 13.0% | 10.5% | |
Margin Rate $50,000 to $99,999.99 | 12.5% | 10% | |
Margin Rate $100,000 to $249,999.99 | 12.0% | 9.5% | |
Margin Rate $250,000 to $499,999.99 | 12.0% | 9% | |
Margin Rate $500,000 to $999,999.99 | 7.5% | 8.5% | |
Margin Rate Above $1,000,000 | 7.5% | 8% |
Account Fees | TradeStation | tastytrade | |
---|---|---|---|
IRA Annual Fee | $35.00 | $0.00 | |
IRA Closure Fee | $50.00 | $60.00 | |
Account Transfer Out (Partial) | $125.00 | $75.00 | |
Account Transfer Out (Full) | $125.00 | $75.00 | |
Options Exercise Fee | $14.95 | $5.00 | |
Options Assignment Fee | $5.95 | $5.00 |
Investment Options | TradeStation | tastytrade | |
---|---|---|---|
Stock Trading | Yes | Yes | |
Margin Trading | Yes | Yes | |
Fractional Shares | No | Yes | |
OTC Stocks | Yes | No | |
Options Trading | Yes | Yes | |
Complex Options Max Legs | 4 | 4 | |
Futures Trading | Yes | Yes | |
Forex Trading | No | No | |
Crypto Trading | No | Yes | |
Crypto Trading - Total Coins | 0 | 4 | |
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 | Yes | |
Roth IRAs | Yes | Yes | |
Advisor Services | No | No | |
International Countries (Stocks) | 0 | 0 |
Order Types | TradeStation | tastytrade | |
---|---|---|---|
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 | No | |
Order Type - OCO | Yes | Yes | |
Order Type - OTO | Yes | Yes | |
Order Type - Broker Assisted | Yes | Yes |
Beginners | TradeStation | tastytrade | |
---|---|---|---|
Education (Stocks) | Yes | Yes | |
Education (ETFs) | No | Yes | |
Education (Options) | Yes | Yes | |
Education (Mutual Funds) | No | No | |
Education (Bonds) | No | No | |
Education (Retirement) | No | No | |
Retirement Calculator | No | No | |
Investor Dictionary | No | Yes | |
Paper Trading | Yes | No | |
Videos | Yes | No | |
Webinars | Yes | Yes | |
Webinars (Archived) | Yes | Yes | |
Progress Tracking | No | Yes | |
Interactive Learning - Quizzes | No | No |
Stock Trading Apps | TradeStation | tastytrade | |
---|---|---|---|
iPhone App | Yes | Yes | |
Android App | Yes | Yes | |
Apple Watch App | No | 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 | TradeStation | tastytrade | |
---|---|---|---|
Market Movers (Top Gainers) | Yes | Yes | |
Stream Live TV | No | No | |
Videos on Demand | No | No | |
Stock Alerts | Yes | No | |
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 | TradeStation | tastytrade | |
---|---|---|---|
Charting - After-Hours | Yes | Yes | |
Charting - Can Turn Horizontally | No | Yes | |
Charting - Multiple Time Frames | Yes | Yes | |
Charting - Technical Studies | 45 | 0 | |
Charting - Study Customizations | Yes | No | |
Charting - Stock Comparisons | No | No |
Trading Platforms | TradeStation | tastytrade | |
---|---|---|---|
Active Trading Platform | TradeStation 10 | tastytrade | |
Desktop Trading Platform | Yes | Yes | |
Desktop Platform (Mac) | No | Yes | |
Web Trading Platform | Yes | Yes | |
Paper Trading | Yes | No | |
Trade Journal | No | No | |
Watch Lists - Total Fields | 341 | 33 |
Stock Chart Features | TradeStation | tastytrade | |
---|---|---|---|
Charting - Adjust Trades on Chart | Yes | Yes | |
Charting - Indicators / Studies | 294 | 308 | |
Charting - Drawing Tools | 23 | 31 | |
Charting - Notes | Yes | Yes | |
Charting - Index Overlays | Yes | Yes | |
Charting - Historical Trades | Yes | Yes | |
Charting - Corporate Events | Yes | Yes | |
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 | No | |
Charting - Study Customizations | 12 | 7 | |
Charting - Custom Studies | Yes | Yes |
Day Trading | TradeStation | tastytrade | |
---|---|---|---|
Streaming Time & Sales | Yes | No | |
Streaming TV | No | Yes | |
Direct Market Routing - Stocks | Yes | No | |
Ladder Trading | Yes | Yes | |
Trade Hotkeys | Yes | No | |
Level 2 Quotes - Stocks | Yes | No | |
Trade Ideas - Backtesting | Yes | No | |
Trade Ideas - Backtesting Adv | Yes | No | |
Short Locator | Yes | Yes | |
Order Liquidity Rebates | Yes | No |
Research Overview | TradeStation | tastytrade | |
---|---|---|---|
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 | Yes |
Stock Research | TradeStation | tastytrade | |
---|---|---|---|
Stock Research - PDF Reports | 0 | 0 | |
Stock Research - Earnings | No | No | |
Stock Research - Insiders | No | No | |
Stock Research - Social | No | No | |
Stock Research - News | Yes | Yes | |
Stock Research - ESG | No | No | |
Stock Research - SEC Filings | No | No |
ETF Research | TradeStation | tastytrade | |
---|---|---|---|
ETFs - Strategy Overview | No | No | |
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 | Yes | |
ETFs - Ratings | No | No | |
ETFs - Morningstar StyleMap | No | No | |
ETFs - PDF Reports | No | No |
Mutual Fund Research | TradeStation | tastytrade | |
---|---|---|---|
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 | tastytrade | |
---|---|---|---|
Option Chains - Basic View | Yes | Yes | |
Option Chains - Strategy View | Yes | Yes | |
Option Chains - Streaming | Yes | Yes | |
Option Chains - Total Columns | 29 | 20 | |
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 | TradeStation | tastytrade | |
---|---|---|---|
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 | tastytrade | |
---|---|---|---|
Phone Support (Prospect Customers) | Yes | Yes | |
Phone Support (Current Customers) | Yes | Yes | |
Email Support | Yes | Yes | |
Live Chat (Prospect Customers) | Yes | Yes | |
Live Chat (Current Customers) | Yes | Yes | |
24/7 Support | No | No |
Overall | TradeStation | tastytrade | |
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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 | tastytrade Review |