This contrast overview helps individuals who have a hard time to select between TastyTrade and TradeStation to find the best online broker for their trading and investment needs. It evaluates the main features of the two brokers side by side to assist individuals contrast their solution and make an informed decision.
To help individuals pick the right broker in between TastyTrade and TradeStation to discover the best-suited platform, below is a checklist of broker’s benefits and drawbacks, adhered to by a contrast of their primary trading features, consisting of trading platforms & tools, charges, mobile trading, deposit & withdrawal, properties, law, and consumer assistance.
TastyTrade vs. TradeStation: Summary
TastyTrade (previously TastyWorks) is a US based stock and options broker. It is regulated by two tier-one regulators (FINRA and SEC) and is therefore considered safe. The broker offers access to a wide range of options, futures and stocks.
TastyTrade’s platform offers various trading tools and features, intuitive charting apps and the TastyTrade content network. These features make tastytrade a great fit for experienced and active traders focusing on trading with futures and options. Although TastyTrade offers great educational materials and research tools, the platform can be overwhelming for beginners.
The minimum deposit at TastyTrade is $0. Customer support is responsive and well educated.
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)
- Wide range of futures and options
- Low, variable, and capped trading fees
- Broad range of tools for advanced options and futures traders
- Great research and educational materials
Cons
- No fractional shares available
- Limited instruments compared to other brokers
- High margin rates required
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
- Access to thousands of stocks, ETFs, futures, options on futures, commodities, and cryptocurrencies
- Advanced trading tools and dynamic charting features (custom indicators, watch lists, and curve analysis)
- Multiple advanced order types available (good until canceled and good until date)
- Free monthly portfolio analysis
- Support for Expert Advisors and other automated trading software
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
TastyTrade vs. TradeStation Comparison
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Tastytrade
TradeStation
BROKER COMPARISON
Trading Platform & Tools
Automated Trading | ||
Charting Tools | ||
Conditional Orders | ||
cTrader | ||
Demo Account | ||
Desktop Platform | ||
Max Leverage | 5:1 | 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
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 | 1% open 1% close (max $10 each way) | 0 |
Options | $1 per contract | $5 + £0.60 per contract |
Conversion Fees | 0 | |
Misc. Fees | 0 | 0 |
Overnight Fees | 0 |
Deposit & Withdrawal
Minimum deposit (in UAE) | 0 | $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
Shares | 2400 | 5 markets |
ETF & Funds | 0 | 2300 |
Crypto | 25 | 11 |
Commodities | 0 | 0 |
Indices | 7 | 0 |
Options | 0 | 10 Markets |
Futures | 83 | 11 Markets |
Bonds | 0 | 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 |
Research & Education
Webinars | ||
Educational Resources | ||
Daily News Updates | ||
Market Indepth Analysis | ||
Pers. Training & Room | ||
Market Research |
Customer Support
Phone | ||
Live Chat | ||
24/7 support | ||
Multilingual | Spanish | |
Personal Account Manager |
Winner
TastyTrade vs. TradeStation Comparison Conclusion
The results of our comparison of TastyTrade vs. TradeStation are involved the table below.
Broker: | Best For: |
TastyTrade | Options Trading |
TradeStation | Stock trading; Active traders |
Choosing the ideal selection in between TastyTrade and TradeStation can be hard. Both on the internet brokers have resemblances yet differ relating to trading tools, platforms & apps, policy, deposit & withdrawals, and research and education. Choosing the most effective broker depends on customers’ trading & financial investment objectives, private preferences, and experience degree.
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.