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Empower vs TradeStation

Empower is a free advanced tools plus hybrid advisory service for people with over $100k in investments. How does it compare to TradeStation? Read our comparison chart below.

Empower offers free financial tools and paid wealth management services. Its wealth management fees start at 0.89% of assets under management. Empower free tools include a personal dashboard, fee analyzer, and retirement planner.

While TradeStation enables you to backtest, simulate, and automate strategies within its platform. It offers a wide range of investment options, $0 commission pricing for stocks, options, and futures, free trading simulator, and has no minimum funding requirements.

Compare Empower with TradeStation, side-by-side.

 EmpowerTradeStation
 Visit SiteVisit Site
 

Empower

TradeStation

SPECIAL OFFER
Join Empower For Free - Learn More

Read Empower Review

SPECIAL OFFER
Invest and Earn Up to $3,500 - Learn More

 

Benefits and Features

Stock Trading 
$0 commission
Options Trading $0 Commission + $0.60 per contract
Annual FeeInvestment Account: $0;
Wealth Management:0.89% for first $1 million, 0.79% for first $3 million, next $2 million 0.69%, next $5 million, 0.59%, and 0.49% over $10 million
None
Minimum Deposit
$100,000
$0
Mutual Fund Trading 
$14.95 per transaction
Commission Free ETFs 
more than 2,000 ETFs
Phone Support
Yes
800.822.0512 U.S. (toll-free) | 954.652.7900 U.S. (direct)
Monday - Friday, 8AM - 5PM ET
Live Chat Support
No
Yes (Monday - Friday, 8AM - 5PM ET)
Email Support
Yes
Yes (Sales@TradeStation.com)
Human Advisors
Yes
Yes
Robo Advisor
Check
No
Assets Under Management
$1.6 Trillion
 
Minimum InvestmentInvestment Account: $0;
Wealth Management: $100,000
 
Penny Stocks 
Yes
Tax Loss Harvesting
Yes
No
Goal Tracker
Yes
No
Automatic Deposits
Yes
No
Broker Assisted Trades 
$25
Good For 
Day Traders
Inactivity Fee 
$10/month
Maintenance Fee 
$0
Online Platform
Yes
Yes
iPhone App
Yes
Yes (4.5 stars, 17.3K ratings)
Android App
Yes
Yes (4.4 stars, 5.98K ratings)
Banking 
No
Mobile App
iOS & Android
Yes
Desktop App 
Yes
Two-Factor Authentication Auth0 Guardian app, SMS, or Google Authenticator app
Forex Trading Yes (not available in TradeStation US)
Futures Trading $1.50 per Standard contract per side and $0.50 per Micro contract per side
Bond Trading 
Yes
CFD Trading Yes (CFD trading is not permitted in the US.)
Currency Trading Yes (not available in TradeStation US)
Customer Service Phone: 800-822-0512 | 954-652-7900
Monday - Friday: 8AM - 5PM ET
Live Chat
Email: Sales@TradeStation.com
Locations 
Online only
Online Community 
Yes
Seminars 
Yes
Trading Platform Desktop, Web Trading, Mobile Apps, FuturesPlus
Virtual Trading 
Yes
Investment Tracking
Check
 
Single Stock Diversification
Yes
 
Fractional Shares
No
No
Taxable Accounts
Yes
Yes
401k Plans
Yes
No
IRA Accounts
Yes
Yes
Roth IRA Accounts
Yes
Yes
SEP IRA Accounts
Yes
Yes
Trust Accounts
Yes
Yes
529 Plans
Yes
No
 

CreditDonkey® Reviews

 EmpowerTradeStation
Human AdvisorsStarStarStarStarStar
Robo AdvisorStarStarStarEmpty StarEmpty Star
PriceStarStarStarStarStar
Goal TrackerStarStarStarStarStar
BudgetingStarStarStarEmpty StarEmpty Star
Customer ServiceStarStarStarStarStar
Ease of UseStarStarStarStarStar
Investment TrackingStarStarStarStarStar
Retirement PlanningStarStarStarStarStar
Pros & ConsPros:
  • Retirement planner
  • Free portfolio advice
  • Robo plus human advisors
Cons:
  • $100,000 min for advisory service
  • Higher fees than competitors
Bottom LineFree advanced tools plus hybrid advisory service for people with over $100k in investments... Read full review
 Visit SiteVisit Site

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Empower: Pricing information from published website as of 04/30/2020

Empower: Empower Personal Wealth, LLC (“EPW”) compensates CREDITDONKEY INC for new leads. CREDITDONKEY INC is not an investment client of Personal Capital Advisors Corporation or Empower Advisory Group, LLC.

TradeStation

Invest and Earn Up to $3,500

Enroll your new or existing TradeStation account in this offer by using promo code TSTVAGFD on your new account application, requesting to enroll via telephone or with a TradeStation Representative, or completing the enrollment form. Within 45 days of account enrollment, fund your account with at least $5,000. Maintain at least $5,000 in your account for 270 calendar days. New assets will be aggregated during the 45-calendar day period following the enrollment date to determine the amount of your cash offer.

New AssetsCash Bonus
$5,000 - $24,999$150
$25,000 – $99,999$300
$100,000 – $249,999$500
$250,000 – $499,999$1,000
$500,000 – $999,999$2,000
$1,000,000 or more$3,500

TradeStation

Trade Futures in IRA for $0.65

Trade futures in your IRA account for a discounted rate of $0.65 per contract per side. Use promo code 0035AEZP to get special offer. Terms and conditions apply.

TradeStation

Trade Options for $0.25 Per Options Contract

Active options traders can enjoy limited-time pricing of just $0.25 per options contract on new accounts when you sign up by December 31, 2024. Additional terms apply, and pricing is subject to change. Options trading is not suitable for all investors.

Expires 12/31/2024

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Empower or Quicken.


Articles on Empower

Empower

Empower offers wealth management services and free financial tools. But is it legit? Find out if this robo advisory service is right for you.

Is Empower Safe

Empower offers free budgeting tools. But is it safe to link all your financial accounts? Learn just how secure Empower is.

Empower vs Quicken

Quicken is the oldest name in personal finance software, while Empower is newer and offers advanced tools for free. Read on to see if it's a good alternative to Quicken.

Empower vs Mint

Empower and Mint are popular money management apps. Read this review to find out how they compare and which one is better for you.

Which Do You Think is Best?





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About CreditDonkey
CreditDonkey is a personal finance comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

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