TradeStation vs Interactive Brokers
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| Visit Site | Learn More | |
TradeStation | Interactive Brokers | |
|---|---|---|
50% Off Futures Brokerage Fees for New Customers with Code FUTRAFZT - | Referral Program - $200 Bonus - | |
Benefits and Features | ||
| Stock Trading | IBKR Lite: $0 per share (min $0 per order) IBKR Pro - Fixed: $0.0005 per share (min $1.00 per order, max 1.0% of trade value). IBKR Pro - Tiered: Starts at $0.0035 per share for less than 300,000 shares (min $0.35 per order, max 1% of trade value) | |
| Options Trading | $0 Commission + $0.60 per contract | $0.15-$0.65 per contract ($1 minimum per order) |
| Annual Fee | ||
| Cryptocurrency Trading | No (all trading and withdrawals in TradeStation Crypto accounts are permanently suspended effective 02/22/2024 5PM ET) | |
| Minimum Deposit | ||
| 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 | ||
| Phone Support | 800.822.0512 U.S. (toll-free) | 954.652.7900 U.S. (direct) Monday - Friday, 8AM - 5PM ET | |
| Live Chat Support | Yes (Monday - Friday, 8AM - 5PM ET) | |
| Email Support | ||
| Human Advisors | ||
| Robo Advisor | ||
| Penny Stocks | ||
| Tax Loss Harvesting | ||
| Goal Tracker | ||
| Automatic Deposits | ||
| Broker Assisted Trades | ||
| Good For | ||
| Inactivity Fee | ||
| Maintenance Fee | ||
| Online Platform | ||
| iPhone App | ||
| Android App | ||
| Banking | ||
| Mobile App | ||
| Desktop App | ||
| Two-Factor Authentication | Auth0 Guardian app, SMS, or Google Authenticator app | |
| Forex Trading | Yes (not available in TradeStation US) | Available for qualified customers |
| Futures Trading | ||
| Bond Trading | ||
| CFD Trading | Yes (CFD trading is not permitted in the US.) | |
| Currency Trading | Yes (not available in TradeStation US) | |
| Customer Service | Monday – Friday, 8:00 a.m. – 5:00 p.m. ET
| United States: Monday-Friday 8am - 10pm ET; Sunday 1pm - 7pm ET (24/7 Weekday service available in other countries) |
| Locations | ||
| Online Community | ||
| Seminars | ||
| Trading Platform | Desktop, Web Trading, Mobile Apps, FuturesPlus, TS Crypto | |
| Virtual Trading | ||
| Fractional Shares | ||
| Taxable Accounts | ||
| 401k Plans | ||
| IRA Accounts | ||
| Roth IRA Accounts | ||
| SEP IRA Accounts | ||
| Trust Accounts | ||
| 529 Plans | ||
CreditDonkey® Reviews | ||
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| Stock Trading |  | |
| Options Trading | | |
| Mutual Fund Trading |  | |
| Online Platform | | |
| Banking | | |
| Mobile App | | |
| Commissions and Fees |  | |
| Ease of Use | | |
| Research | | |
| Pros & Cons | Pros:
| |
| Bottom Line | Good discount broker for experienced, high volume traders... | |
| Visit Site | Learn More | |
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 10/17/2023. | ||
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 Assets | Cash 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 |
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