TrustRadius

E*TRADE vs. TradeStation

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
E*TRADE
Score 1.2 out of 10
N/A
E*TRADE is a financial services company and pioneer in the online brokerage industry. Having executed the first-ever electronic trade by an individual investor more than 30 years ago, the Company focused on delivering complete and easy-to-use solutions for traders, investors and stock plan participants.N/A
TradeStation
Score 10.0 out of 10
N/A
TradeStation, from the company in Plantation, enables users to Trade Stocks, ETFs, Crypto, Options, and Futures. From South Florida to Tokyo, Texas to Hong Kong, London to Chicago, and New York to Costa Rica, TradeStation and its affiliated companies are pursuing a singular vision: to build the ultimate online trading firm for serious self-directed traders and investors, leveraging leading-edge technologies to create the world’s most advanced trading tools and global technology infrastructure.
$5
Commission per trade for non-US residents
Pricing
E*TRADETradeStation
Editions & Modules
No answers on this topic
United States - Stocks & ETFS
$0 Commission
United States - Stocks Options
$0 Commission
+ $0.60 per contract
Non-US Residents - Stocks & ETFs
$5 Commission per trade
Non-US Residents - Stock Options
$5 Commission per trade
+ $0.60 per contract
United States - Funding Requirements
No Minimum
United States - Web Trading
Free
United States - TradeStation Desktop
Free
United States - Mobile Apps
Free
Non-US Residents - Mobile Apps
Free
Non-US Residents - TradeStation Desktop
Free
Non-US Residents - Web Trading
Free
Non-US Residents - Funding Requiremtns
No Minimum
Offerings
Pricing Offerings
E*TRADETradeStation
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details$0--Stocks, options, and ETFs/ $0.65 50¢ with 30+ trades per quarter--Options contracts/ $1.50--Futures contracts/ $1.00 per bond, (minimum $10, maximum $250)--Bonds (online secondary trades)—
More Pricing Information
Community Pulse
E*TRADETradeStation
Best Alternatives
E*TRADETradeStation
Small Businesses
Coinbase
Coinbase
Score 7.6 out of 10
Coinbase
Coinbase
Score 7.6 out of 10
Medium-sized Companies
Coinbase
Coinbase
Score 7.6 out of 10
Coinbase
Coinbase
Score 7.6 out of 10
Enterprises

No answers on this topic

No answers on this topic

All AlternativesView all alternativesView all alternatives
User Ratings
E*TRADETradeStation
Likelihood to Recommend
1.2
(5 ratings)
-
(0 ratings)
User Testimonials
E*TRADETradeStation
Likelihood to Recommend
E*TRADE
During the COVID pandemic, the airline companies were taking a big hit on travel and I saw this as a great opportunity to invest in airline stock because its value in the market had dropped tremendously. I used this opportunity to invest in multiple airline stocks through e-trade by buying the stock at an all-time low for airline stock. It was a great investment for me in the long term.
Verified User
Anonymous
Read full review
TradeStation
No answers on this topic
Pros
E*TRADE
  • I like their sell orders that allow you to set a price or percentage as a stop loss.
  • Their dashboard is easy to use and gives you some quick info.
  • I also like E*TRADE's reports for gains and losses.
  • Moving funds into and out of your accounts is pretty simple with E*TRADE.
John Dykstra | TrustRadius Reviewer
John Dykstra
Small Business Owner
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TradeStation
No answers on this topic
Cons
E*TRADE
  • summary page needs to have more details like it doesn't show current market price for an option purchased
  • purchase or sell needs to be user friendly so it takes less time.
SG
sandeep godasi
finance tax solutions manager
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TradeStation
No answers on this topic
Alternatives Considered
E*TRADE
robinhood is similar to e-trade but they are geared more to bitcoin and companies that may not be offered on E*TRADE because they are off-market companies.
Verified User
Anonymous
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TradeStation
No answers on this topic
Return on Investment
E*TRADE
  • Limit how much you want invest.
  • This is an open trade website and there is a risk of losing your money based on your investments.
  • If you make some sound investments and keep yourself within a budgeted spending limit there is the opportunity to make money on e-trade.
Verified User
Anonymous
Read full review
TradeStation
No answers on this topic
ScreenShots