Save money and be informed. CreditDonkey is a personal finance comparison and reviews website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†

TradeStation vs Interactive Brokers


 TradeStation
 Visit SiteLearn More
 

TradeStation

Interactive Brokers

SPECIAL OFFER
50% Off Futures Brokerage Fees for New Customers with Code FUTRAFZT - Learn More

SPECIAL OFFER
Referral Program - $200 Bonus - Learn More

Read Interactive Brokers Review

 

Benefits and Features

Stock Trading
$0 commission
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
None
 
Cryptocurrency TradingNo
(all trading and withdrawals in TradeStation Crypto accounts are permanently suspended effective 02/22/2024 5PM ET)
 
Minimum Deposit
$0
$0
Mutual Fund Trading
$14.95 per transaction
$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
more than 2,000 ETFs
150+
Phone Support800.822.0512 U.S. (toll-free) | 954.652.7900 U.S. (direct)
Monday - Friday, 8AM - 5PM ET
 
Live Chat SupportYes (Monday - Friday, 8AM - 5PM ET) 
Email Support
Yes (Sales@TradeStation.com)
 
Human Advisors
Yes
 
Robo Advisor
No
 
Penny Stocks
Yes
 
Tax Loss Harvesting
No
 
Goal Tracker
No
 
Automatic Deposits
No
 
Broker Assisted Trades
$25
$30
Good For
Day Traders
 
Inactivity Fee
$10/month
$0
Maintenance Fee
$0
$0
Online Platform
Yes
 
iPhone App
Yes (4.5 stars, 17.3K ratings)
 
Android App
Yes (4.4 stars, 5.98K ratings)
 
Banking
No
No
Mobile App
Yes
Yes
Desktop App
Yes
Yes
Two-Factor AuthenticationAuth0 Guardian app, SMS, or Google Authenticator app 
Forex TradingYes (not available in TradeStation US)Available for qualified customers
Futures Trading
Yes
Yes
Bond Trading
Yes
 
CFD TradingYes (CFD trading is not permitted in the US.) 
Currency TradingYes (not available in TradeStation US) 
Customer ServiceMonday – Friday, 8:00 a.m. – 5:00 p.m. ET
  • Live Chat
  • Phone Support: 800.822.0512 U.S. (toll-free) | 954.652.7900 U.S. (direct)
  • Email: Sales@TradeStation.com
United States: Monday-Friday 8am - 10pm ET; Sunday 1pm - 7pm ET (24/7 Weekday service available in other countries)
Locations
Online only
No
Online Community
Yes
Yes
Seminars
Yes
Yes
Trading PlatformDesktop, Web Trading, Mobile Apps, FuturesPlus, TS Crypto 
Virtual Trading
Yes
Yes
Fractional Shares
No
 
Taxable Accounts
Yes
 
401k Plans
No
 
IRA Accounts
Yes
 
Roth IRA Accounts
Yes
 
SEP IRA Accounts
Yes
 
Trust Accounts
Yes
 
529 Plans
No
 
 

CreditDonkey® Reviews

 TradeStation
Stock TradingStarStarStarStarStar
Options TradingStarStarStarStarStar
Mutual Fund TradingStarStarStarStarEmpty Star
Online PlatformStarStarStarStarStar
BankingStarStarStarStarEmpty Star
Mobile AppStarStarStarStarStar
Commissions and FeesStarStarStarHalf StarEmpty Star
Ease of UseStarStarStarEmpty StarEmpty Star
ResearchStarStarStarStarEmpty Star
Pros & ConsPros:
  • Large number of investments, including options, futures, and forex
  • Customize trading platform
  • Tools and opportunities for research
Cons:
  • Platform can be too much for a beginner to understand
  • Complicated pricing structure
Bottom LineGood discount broker for experienced, high volume traders... Read full review
 Visit SiteLearn More

Referral Program - $200 Bonus

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.

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


Articles on Interactive Brokers

Interactive Brokers Review

Interactive Brokers offers a robust trading platform that experienced traders favor due to its competitive fee structure and extensive range of trading options.

Which Do You Think is Best?





You Might Also Like

Best Stock Market Simulators

Best Stock Market Simulators

Investing in the stock market is extremely risky. Don't add on to that risk by being unprepared. Here's a list of the best simulators you can try.
Best Day Trading Simulator

Best Day Trading Simulator

A good day trading simulator should be accessible, functional, and realistic. Read on to find out the best ones in the industry.
Best Options Trading Platform

Best Options Trading Platform

Not all options trading platforms are created equal. But which one is best for you? Read on to find out.
Best Algorithmic Trading Platforms

Best Algorithmic Trading Platforms

Automated trading can turn hours of your trading work into minutes. But not all platforms fit your needs. Read this to find out the best one for you.
How to Buy OZSC Stock

How to Buy OZSC Stock

Is OZSC the next Tesla? Here's a step-by-step guide on how to buy it today. Plus, learn more about this promising stock.

Compare TradeStation to:


You might also be interested in

How to Buy Signal Stock

How to Buy Signal Stock

Many think of Signal Messenger as the future of safe and private messaging. But how do you invest in a non-profit? Read on to find out.

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.

About Us | Reviews | Deals | Tips | Privacy | Do Not Sell My Info | Terms | Contact Us
(888) 483-4925 | 680 East Colorado Blvd, 2nd Floor | Pasadena, CA 91101
© 2024 CreditDonkey Inc. All Rights Reserved.