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TradeStation vs Interactive Brokers

TradeStation is a cost-effective crypto brokerage with advanced analytical and trading tools for experts. How does it compare to Interactive Brokers? Read our comparison chart below.

 TradeStation
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TradeStation

Interactive Brokers

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Benefits and Features

Stock Trading Fixed pricing: $0.0005 - $0.0035 per share (min $0.35 per order, max 1.0% of trade value). Tiered pricing: Starts at $0.0035 per share for less than 300,000 shares (min $0.35 per order, max 1% of trade value)
Options Trading $.15-$.70 per contract ($1 minimum per order)
Minimum Deposit $10,000 for individual accounts; $5,000 for IRAs; $3,000 for clients 25 and under
Mutual Fund Trading $0 for no-transaction-fee funds. For transaction-fee funds, 3% trade value OR $14.95, per transaction, whichever is less, for transaction-fee funds
Commission Free ETFs 
48
Broker Assisted Trades 
$30
Customer Service United States: Monday-Friday 8am - 10pm ET; Sunday 1pm - 7pm ET (24/7 Weekday service available in other countries)
Inactivity Fee $10/month for accounts under $100,000; $20/month for accounts under $2,000; $3/month for clients 25 and younger
Maintenance Fee Waived if account value is at least $100,000 OR if monthly commission requirements are met. If not met, the activity fee is the difference. For accounts less than $100,000: the commission requirement is $10/month. For accounts less than $2,000: the commission requirement is $20/month. For clients 25 and younger: the commission requirement is $3/month.
Banking 
No
Mobile App 
Yes
Desktop App 
Yes
Forex Trading Available for qualified customers
Futures Trading 
Yes
Locations 
No
Online Community 
Yes
Seminars 
Yes
Virtual Trading 
Yes
 

CreditDonkey® Reviews

 TradeStation
Cryptocurrency TradingStarStarStarStarEmpty Star
Mobile AppStarStarStarStarEmpty StarStarStarStarStarStar
Commissions and FeesStarStarStarStarHalf StarStarStarStarHalf StarEmpty Star
Ease of UseStarStarStarEmpty StarEmpty StarStarStarStarEmpty StarEmpty Star
ResearchStarStarStarStarStarStarStarStarStarEmpty Star
SafetyStarStarStarStarEmpty Star
Stock TradingStarStarStarStarStar
Options TradingStarStarStarStarStar
Mutual Fund TradingStarStarStarStarEmpty Star
Online PlatformStarStarStarStarStar
BankingStarStarStarStarEmpty Star
Pros & ConsPros:
  • Low Fees
  • Liquidity Aggregation
  • Analytical Tools
Cons:
  • Limited Coin Selection
  • Not Beginner-Friendly
  • Restricted Withdrawal Hours
Pros:
  • Large number of investments, including options, futures, and forex
  • Customize trading platform
  • Tools and opportunities for research
Cons:
  • $10,000 minimum to open an account.
  • Platform can be too much for a beginner to understand
  • Inactivity fees if you don't meet the trade commission requirements.
Bottom LineCost-effective crypto brokerage with advanced analytical and trading tools for experts... Read full reviewGood discount broker for experienced, high volume traders... Read full review
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50% Off Futures Brokerage Fees for New Customers with Code FUTRAFZT

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

Interactive Brokers: Pricing information from published websites as of 09/15/2019.

Which is Better: TradeStation or Interactive Brokers?

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

In short: TradeStation's commissions and fees and research are notable. In particular, the research is excellent. Interactive Brokers' mobile app is outstanding.


Articles on TradeStation

TradeStation Crypto

TradeStation Crypto is a cryptocurrency brokerage from a well-known name in investing. But is it legit? Read on to find out.

Articles on Interactive Brokers

Interactive Brokers Review

Do you have $10,000 and plenty of trading knowledge? Interactive Brokers may provide you with a solid trading platform. With their competitive fees and robust trading options, they are a common choice for the experienced trader.

Which Do You Think is Best?





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