TD Ameritrade vs. TradeStation Comparison

This comparison overview helps customers that have a hard time to pick between TD Ameritrade and TradeStation to locate the most effective online broker for their trading and financial investment requirements. It analyzes the highlights of both brokers side by side to help individuals compare their solution and make an informed decision.

To assist customers pick the right broker in between TD Ameritrade and TradeStation to find the best-suited system, below is a list of broker’s benefits and drawbacks, complied with by a contrast of their primary trading attributes, including trading platforms & devices, costs, mobile trading, down payment & withdrawal, assets, law, and client assistance.

TD Ameritrade vs. TradeStation: Summary

TD Ameritrade logo

TD Ameritrade is a US based online stock broker founded in 1975. It is regulated by two of the most strict US regulators the SEC and FINRA. The broker offers access to a wide range of stocks and forex pairs and a handful of bonds, options, futures, crypto, and other financial instruments.

TD Ameritrade has a proprietary trading platform (thinkorswim) and two mobile trading apps. Both have an intuitive design and feature a great set of trading tools and features.

TD Ameritrade has low trading fees compared to other similar brokers like tastytrade, Robinhood and Fidelity. They charge 0% commission on stocks and ETFs, while futures trading comes with high fees. Forex, options and bonds are available at average fees.

TD Ameritrade’s customer support is available by phone and email from 8:30 AM to 5:30 PM ET, Monday – Friday.

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)
  • Free stock and ETF trading
  • Feature-rich desktop and web trading platform (thinkorswim)
  • Advanced charting capabilities and real-time data
  • Wide range of stocks and ETFs
  • Excellent mobile trading apps for casual and active traders

Cons

  • Mostly US markets and assets
  • Only accept bank wire transfers
  • Doesn’t offer fractional shares

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

  • Wide range of US stocks and ETFs
  • Vast selection of charting tools and indicators
  • Daily market analysis in the form webinars, webcasts, and podcasts
  • 0% commission stock and ETF trading
  • Access to IPOs, annuities, fixed income products, and lending programs

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

TD Ameritrade vs. TradeStation Comparison

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TD Ameritrade logo

TD Ameritrade

Tradestation Global logo

TradeStation

BROKER COMPARISON

TD Ameritrade 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 1:2 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

3.6

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) 1.3 pips 0.6 pips
Stocks & ETF $6.95 $0.007 per share
CFD (Gold) 0 0
Crypto 0 0
Options 0.65 per options contract fee $5 + £0.60 per contract
Conversion Fees $75 transfer fee
Misc. Fees 0 0
Overnight Fees 0

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

1.9

4.9

See details
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

4.9

5.0

See details
Shares 3700 5 markets
ETF & Funds 13000 2300
Crypto 0 11
Commodities 10 0
Indices 12 0
Options 0 10 Markets
Futures 70 11 Markets
Bonds 40000 630
Forex Instruments 70 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

4.3

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 English / Spanish
Personal Account Manager

Winner

TD Ameritrade vs. TradeStation Comparison Conclusion

The outcomes of our comparison of TD Ameritrade vs. TradeStation are involved the table listed below.

Broker:Best For:
TD AmeritradeUS Stocks and ETFs
TradeStationStock trading; Active traders

Picking the ideal choice between TD Ameritrade and TradeStation can be hard. Both on the internet brokers have resemblances however differ regarding trading instruments, platforms & applications, law, deposit & withdrawals, and study and education. Selecting the best broker depends on customers’ trading & financial investment goals, individual preferences, 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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