Charles Schwab vs. TradeStation Comparison

This contrast guide aids customers that battle to choose between Charles Schwab and TradeStation to discover the most effective online broker for their trading and financial investment demands. It examines the highlights of both brokers side by side to aid customers compare their service and make an informed choice.

To aid customers choose the appropriate broker in between Charles Schwab and TradeStation to locate the best-suited platform, listed below is a list of broker’s advantages and disadvantages, followed by a contrast of their major trading functions, consisting of trading systems & devices, costs, mobile trading, deposit & withdrawal, assets, regulation, and client assistance.

Charles Schwab vs. TradeStation: Summary

Charles Schwab logo

Charles Schwab is a US based brokerage company founded in 1971. It is regulated by two tier-one financial regulators (the FINRA and SEC) and is considered safe.Users can trade on multiple assets including stocks, ETFs, funds, options, futures and cryptos.

Charles Schwab has a proprietary web and desktop trading platform. Both have a clean design and offer various customisation options and intuitive fee reports.

Charles Schwab’s trading fees are average compared to other similar brokers. They charge 0$ commission on stocks, ETFs and certain mutual funds and bonds. Their non-trading fees are low.

Charles Schwab’s customer support is available by phone, email and live chat 24/7.

Tradestation Global logo

Tradestation is an online brokerage company, founded in 1982. They offer access to a wide range of assets including 5,000 international stocks, OTCBB penny stocks and 2,000 ETFs.

Their trading platform has a variety of stock trading tools such as dynamic market-scanning tools, advanced order management tools, and fully customisable charts. Users have access through a web, desktop and mobile app (Android and iOS). Trade execution on the platforms is fast (under 0.040 seconds).

Their trading fees vary based on account selection. Pricing is below industry average on the most used accounts (select and GO). Minimum deposit is $2000 and there are no monthly charges.

TradeStation’s customer support is available by phone, email and live chat in English and Arabic.

Pros

  • Low minimum deposit ($0)
  • $0 commission stock, ETF and mutual funds
  • Excellent research tools and education materials
  • Responsive customer support with 24/7 access
  • Fast & reliable trade execution 

Cons

  • Limited beginner features 
  • Expensive managed accounts and financial advice 

Pros

  • Low minimum deposit ($0)
  • 0% commission stock and ETF fees
  • Extensive charting tools and features
  • Fast and reliable order execution
  • Trading automatisation capabilities
  • Vast stock scanning tools

Cons

  • Research and education section could be better

Key features

  • $0 commission stock and ETF trading 
  • Access to over 3,000 US stocks
  • Multiple advanced order types 
  • In-house reports from Morningstar and Credit Suisse
  • Google Assistant Integration
  • Robo-advisor and financial advisors available

Key features

  • $0 commission/stock trades(up to 15,000 shares)
  • Vast market coverage(5,000 international stocks and ETFs)
  • Fast and reliable order execution
  • Great Fundamental Research and Analysis Tools
  • Extensive Charting Tools and Features
  • Access To Back-Testing and Automated Trading

Charles Schwab vs. TradeStation Comparison

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Charles Schwab logo

Charles Schwab

Tradestation Global logo

TradeStation

BROKER COMPARISON

Charles Schwab logo
Tradestation Global logo

Overall rating

4,1/5

4,9/5

Overall rating

4,1/5

4,9/5

Trading Platform & Tools

4.4

4.9

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 2:1 1:4
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

5.0

4.8

See details
Withdrawal Fee 0 $35
Deposit Fee 0 0
Inactivity Fee 0
Cost Per Trade 0 0
Cost Per Month 0 $4
Forex (EUR/USD) 0 0.6 pips
Stocks & ETF 0 $0.007 per share
CFD (Gold) 0 0
Crypto 0 0
Options US$0.65 per options contract $5 + £0.60 per contract
Conversion Fees
Misc. Fees 0
Overnight Fees

Mobile Trading

3.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

1.3

4.9

See details
Minimum deposit (in UAE) $25.000 $0 ($2000 – Margin account; $25000 – Day Trading account; $5000 – Futures account)
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.8

5.0

See details
Shares 11.438 5 markets
ETF & Funds 2.600 2300
Crypto 0 11
Commodities 0 0
Indices 0 0
Options 8 exchanges 10 Markets
Futures 8 exchanges 11 Markets
Bonds 36.000 630
Forex Instruments 0 0
CFD Indices & Funds 0 0
CFD Stocks 0 0
CFD Commodities 0 0
CFD Crypto 0 0
CFD Bonds 0 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 1

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

5.0

4.8

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.0

5.0

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

Charles Schwab vs. TradeStation Comparison Conclusion

The results of our contrast of Charles Schwab vs. TradeStation are involved the table below.

Broker:Best For:
Charles SchwabStocks and ETFs
TradeStationStock trading; Active traders

Picking the best selection between Charles Schwab and TradeStation can be difficult. Both online brokers have resemblances however differ regarding trading tools, systems & apps, guideline, deposit & withdrawals, and study and education and learning. Choosing the best broker relies on individuals’ trading & financial investment objectives, specific choices, and experience level.

To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.

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