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TradeStation vs tastytrade 2025

StockBrokers.com

Written by StockBrokers.com

February 20, 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.

TradeStation
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.60
tastytrade
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.50 info

Range of investments

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 TradeStation logoTradeStation
tastytrade logotastytrade
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info No Yes info
OTC Stocks info Yes No
Mutual Funds info Yes No
Options Trading info Yes Yes
Futures Trading info Yes Yes
Crypto Trading info No Yes
Crypto Trading - Total Coins info 0 4
Range of Investments 4.5/5 Stars 4/5 Stars

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

Trading platforms and tools

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 TradeStation logoTradeStation
tastytrade logotastytrade
Web Trading Platform info Yes Yes
Desktop Trading Platform info Yes Yes
Desktop Platform (Mac) info No Yes
Paper Trading info Yes No
Watch Lists - Total Fields info 341 33
Charting - Indicators / Studies info 294 308
Charting - Drawing Tools info 23 31
Platforms & Tools 4.5/5 Stars 4/5 Stars

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

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5/5 Stars

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Beginners and education

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 TradeStation logoTradeStation
tastytrade logotastytrade
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 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 TradeStation logoTradeStation
tastytrade logotastytrade
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info No No
Stock Alerts info Yes No
Charting - After-Hours info Yes Yes
Charting - Technical Studies info 45 0
Mobile Trading Apps 4.5/5 Stars 4.5/5 Stars

Dive deeper: Best Stock Trading Apps for 2025

Fees

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 TradeStation logoTradeStation
tastytrade logotastytrade
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Options (Per Contract) info $0.60 $0.50 info
Options Exercise Fee info $14.95 $5.00
Options Assignment Fee info $5.95 $5.00
IRA Annual Fee info $35.00 $0.00
IRA Closure Fee info $50.00 $60.00

Dive deeper: Best Free Trading Platforms for 2025

Day Trading

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 TradeStation logoTradeStation
tastytrade logotastytrade
Streaming Time & Sales info Yes No
Streaming TV info No Yes
Direct Market Routing - Stocks info Yes No
Level 2 Quotes - Stocks info Yes No
Trade Ideas - Backtesting info Yes No
Trade Ideas - Backtesting Adv info Yes No
Short Locator info Yes Yes

Dive deeper: Best Day Trading Platforms for 2025

Market Research

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 TradeStation logoTradeStation
tastytrade logotastytrade
Research - Stocks info Yes Yes
Screener - Stocks info Yes No
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 1.5/5 Stars

Banking

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 TradeStation logoTradeStation
tastytrade logotastytrade
Checking Accounts info No No
Savings Accounts info No No
Debit Cards info No No
Credit Cards info No No
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 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.

FAQs

Can you trade cryptocurrency with TradeStation or tastytrade?

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

Does TradeStation or tastytrade offer IRAs?

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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Compare

0 of 5
Overall Rating TradeStation tastytrade
Overall 4/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 4/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading Apps 4.5/5 Stars 4.5/5 Stars
Research 2/5 Stars 1.5/5 Stars
Customer Service 3.5/5 Stars 4.0/5 Stars
Education 3/5 Stars 4/5 Stars
Ease Of Use 4.5/5 Stars 5/5 Stars
Winner check_circle
Review TradeStation Review tastytrade Review
Broker Screenshots TradeStation tastytrade
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 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 info
Options (Per Contract) info $0.60 $0.50 info
Futures (Per Contract) info $1.50 $1.25
Broker Assisted Trade Fee info $25 $0
Margin Rates TradeStation tastytrade
Margin Rate Under $25,000 info 13.0% 11%
Margin Rate $25,000 to $49,999.99 info 13.0% 10.5%
Margin Rate $50,000 to $99,999.99 info 12.5% 10%
Margin Rate $100,000 to $249,999.99 info 12.0% 9.5%
Margin Rate $250,000 to $499,999.99 info 12.0% 9%
Margin Rate $500,000 to $999,999.99 info 7.5% info 8.5%
Margin Rate Above $1,000,000 info 7.5% info 8%
Account Fees TradeStation tastytrade
IRA Annual Fee info $35.00 $0.00
IRA Closure Fee info $50.00 $60.00
Account Transfer Out (Partial) info $125.00 $75.00
Account Transfer Out (Full) info $125.00 $75.00
Options Exercise Fee info $14.95 $5.00
Options Assignment Fee info $5.95 $5.00
Investment Options TradeStation tastytrade
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info No Yes info
OTC Stocks info Yes No
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 Yes
Crypto Trading - Total Coins info 0 4
Mutual Funds (No Load) info 800 0
Mutual Funds (Total) info 4000 0
Bonds (US Treasury) info Yes No info
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 tastytrade
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 No
Order Type - OCO info Yes Yes
Order Type - OTO info Yes Yes
Order Type - Broker Assisted info Yes Yes
Beginners TradeStation tastytrade
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 Yes
Progress Tracking info No Yes
Interactive Learning - Quizzes info No No
Stock Trading Apps TradeStation tastytrade
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info No 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 TradeStation tastytrade
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info No No
Videos on Demand info No No
Stock Alerts info Yes No
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 tastytrade
Charting - After-Hours info Yes Yes
Charting - Can Turn Horizontally info No Yes
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 45 0
Charting - Study Customizations info Yes No
Charting - Stock Comparisons info No No
Trading Platforms TradeStation tastytrade
Active Trading Platform info TradeStation 10 tastytrade
Desktop Trading Platform info Yes Yes
Desktop Platform (Mac) info No Yes
Web Trading Platform info Yes Yes
Paper Trading info Yes No
Trade Journal info No No
Watch Lists - Total Fields info 341 33
Stock Chart Features TradeStation tastytrade
Charting - Adjust Trades on Chart info Yes Yes
Charting - Indicators / Studies info 294 308
Charting - Drawing Tools info 23 31
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 No
Charting - Custom Time Bars info Yes No
Charting - Automated Analysis info Yes No
Charting - Save Profiles info Yes Yes
Trade Ideas - Technical Analysis info Yes No
Charting - Study Customizations info 12 7
Charting - Custom Studies info Yes Yes
Day Trading TradeStation tastytrade
Streaming Time & Sales info Yes No
Streaming TV info No Yes
Direct Market Routing - Stocks info Yes No
Ladder Trading info Yes Yes
Trade Hotkeys info Yes No
Level 2 Quotes - Stocks info Yes No
Trade Ideas - Backtesting info Yes No
Trade Ideas - Backtesting Adv info Yes No
Short Locator info Yes Yes
Order Liquidity Rebates info Yes No
Research Overview TradeStation tastytrade
Research - Stocks info Yes Yes
Research - ETFs info Yes Yes
Research - Mutual Funds info No No
Research - Pink Sheets / OTCBB info Yes No
Research - Bonds info No No
Screener - Stocks info Yes No
Screener - ETFs info No No
Screener - Mutual Funds info No No
Screener - Bonds info No No
Misc - Portfolio Allocation info Yes Yes
Stock Research TradeStation tastytrade
Stock Research - PDF Reports info 0 0
Stock Research - Earnings info No No
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 tastytrade
ETFs - Strategy Overview info No No
ETF Fund Facts - Inception Date info No No
ETF Fund Facts - Expense Ratio info No No
ETF Fund Facts - Net Assets info No No
ETF Fund Facts - Total Holdings info No No
ETFs - Top 10 Holdings info No No
ETFs - Sector Exposure info No No
ETFs - Risk Analysis info No Yes
ETFs - Ratings info No No
ETFs - Morningstar StyleMap info No No
ETFs - PDF Reports info No No
Mutual Fund Research TradeStation tastytrade
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 tastytrade
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 20
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 TradeStation tastytrade
Bank (Member FDIC) info No No
Checking Accounts info No No
Savings Accounts info No No
Credit Cards info No No
Debit Cards info No No
Mortgage Loans info No No
Customer Service TradeStation tastytrade
Phone Support (Prospect Customers) info Yes Yes
Phone Support (Current Customers) info Yes Yes
Email Support info Yes Yes
Live Chat (Prospect Customers) info Yes Yes
Live Chat (Current Customers) info Yes Yes
24/7 Support info No No
Overall TradeStation tastytrade
Overall 4/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 4/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading Apps 4.5/5 Stars 4.5/5 Stars
Research 2/5 Stars 1.5/5 Stars
Education 3/5 Stars 4/5 Stars
Ease Of Use 4.5/5 Stars 5/5 Stars
Winner check_circle
Review TradeStation Review tastytrade Review
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