The best alternatives to Tradestation are
- Interactive Brokers - US discount broker
- Tastyworks - US options and stockbroker
- SogoTrade - US-based stockbroker
- ChoiceTrade - US-based stockbroker
Let's see in a bit more detail how the Tradestation alternatives compare to Tradestation and each other:
| Tradestation | Interactive Brokers | Tastyworks | SogoTrade | ChoiceTrade | |
|---|---|---|---|---|---|
| Overall score | 4.7 | 4.9 | 4.7 | 4.1 | 4.1 |
| Fees score | 4.0 | 4.0 | 5.0 | 4.0 | 4.0 |
| Account opening score | 5.0 | 3.0 | 5.0 | 5.0 | 5.0 |
| Deposit and withdrawal score | 2.0 | 3.0 | 2.0 | 2.0 | 1.0 |
| Web platform score | 5.0 | 4.0 | 3.0 | 3.0 | 2.0 |
| Markets and products score | 2.0 | 5.0 | 2.0 | 2.0 | 2.0 |
| Visit broker | Visit broker | Visit broker | Visit broker | Visit broker |
Why are these brokers considered good alternatives to Tradestation? There are many areas based on which Tradestation can be compared with others. When we say a given online broker is a good alternative to Tradestation we mean these brokers are comparable in the following areas:
- The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
- The type of clients they target, i.e. beginners, experienced investors, or day traders.
Tradestation alternatives recommendations
Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:
- Tradestation is recommended for traders focusing on us markets and buy-and-hold investing
- Interactive Brokers is recommended for traders looking for low fees and a professional trading environment
- Tastyworks is recommended for options and futures traders focusing on us markets
- SogoTrade is recommended for stock and options traders with a us focus who value great customer service
- ChoiceTrade is recommended for stock and options traders looking for low trading fees and focusing on the us market
Important factors of finding Tradestation alternatives
So far Brokerchooser has reviewed 57 online brokers in detail, which gives this comparison a solid starting point.
Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we
- open a live account
- check over 100 criteria, with weighting based on readers' preferences
- refresh data regularly
Whether Tradestation or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:
Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. Tradestation is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost Tradestation alternative.
Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At Tradestation this is not a problem as you can have it ready on the same day you registered.
Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you cannot make a deposit with your credit card at Tradestation, some alternatives might allow you to do that.
Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.
Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Tradestation alternative is a must.
Now let's dive into the details of how Tradestation and its alternatives perform in the most important areas!
Tradestation alternatives
Tradestation
Tradestation is a US stockbroker founded in 1982. It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Clients are eligible for up to $500,000 (cash up to $250,000) investor protection per account.
Tradestation is considered safe because it has a long track record, discloses its financials, and its parent company, the Monex Group is listed on the Tokyo stock exchange.
Recommended for traders focusing on us markets and buy-and-hold investing
| Pros | Cons |
|---|---|
| • Great web and mobile trading platform | • Not user-friendly deposit and withdrawal |
| • Low stock and ETF fees | • No forex trading |
| • High-quality educational tools | • Poor customer service |
Fees
Tradestation has low trading fees and high non-trading fees. You can choose from multiple fee structures, but you still have to pay withdrawal.
| Pros | Cons |
|---|---|
| • Low trading fees | • High non-trading fees |
| • Low stock and ETF fees | • Withdrawal fee |
| • Multiple fee structures to choose from |
| Tradestation | Interactive Brokers | Tastyworks | SogoTrade | ChoiceTrade | |
|---|---|---|---|---|---|
| US stock | $1.0 | $1.0 | $0.0 | $4.9 | $0.0 |
| UK stock | - | $7.2 | - | - | - |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k
Account opening
Tradestation account opening is fully digital, user-friendly, and fast. On the other hand, the minimum deposit is $500 and multiple base currencies are only available for futures accounts.
| Pros | Cons |
|---|---|
| • Fast | • $500 minimum deposit |
| • Fully digital | • Multiple base currencies only for futures accounts |
| • User-friendly |
| Tradestation | Interactive Brokers | Tastyworks | SogoTrade | ChoiceTrade | |
|---|---|---|---|---|---|
| Minimum deposit | $500 | $0 | $0 | $0 | $100 |
| Time to open account | 1 day | 1-3 days | 1 day | 1 day | 1-3 days |
Learn more about Tradestation minimum deposit here.
Deposit and withdrawal
Tradestation's deposit and withdrawal could be better. For example, you can only use bank transfer and there is a high withdrawal fee. On the upside, the deposit is free and you can choose from multiple base currencies with a futures account.
| Pros | Cons |
|---|---|
| • No deposit fee | • Credit/Debit card not available |
| • Several account base currencies | • High withdrawal fee |
| • Slow withdrawal - over 3 days |
| Tradestation | Interactive Brokers | Tastyworks | SogoTrade | ChoiceTrade | |
|---|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | No | No | No | No |
| Electronic wallets | No | No | No | No | No |
| Withdrawal fee | $35 | $0 | $45 | $50 | $5 |
Web trading platform
Tradestation has a good web trading platform. It is user-friendly and it looks nice, and it provides a two-step verification. On the flip side, it lacks price alerts.
| Pros | Cons |
|---|---|
| • User-friendly | • No price alerts |
| • Clear fee report | |
| • Two-step (safer) login |
| Tradestation | Interactive Brokers | Tastyworks | SogoTrade | ChoiceTrade | |
|---|---|---|---|---|---|
| Web platform score | 5.0 | 4.0 | 3.0 | 3.0 | 2.0 |
| Mobile platform score | 5.0 | 4.0 | 4.0 | 5.0 | 4.0 |
| Desktop platform score | 3.0 | 3.0 | 4.0 | 1.0 | 3.0 |
Learn more about Tradestation's web trading platform in the detailed Tradestation review.
Markets and products
Tradestation gives you access to a wide variety of US products, but its non-US market coverage is not competitive. Forex, CFDs and cryptos are missing.
| Tradestation | Interactive Brokers | Tastyworks | SogoTrade | ChoiceTrade | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | Yes | Yes | Yes |
| ETF | Yes | Yes | Yes | Yes | Yes |
| Forex | No | Yes | No | No | No |
| Fund | Yes | Yes | No | No | No |
| Bond | Yes | Yes | No | No | No |
| Options | Yes | Yes | Yes | Yes | Yes |
| Futures | Yes | Yes | Yes | No | No |
| CFD | No | Yes | No | No | No |
| Crypto | No | Yes | No | Yes | No |
Verdict
Tradestation is a great US broker.
The web and mobile platforms are very user-friendly with many functions. It also offers low stock and ETF trading fees. Lastly, education is well-structured and high-quality.
On the other hand, the deposit and withdrawal are not user-friendly and you can use only bank transfer. There is no forex trading, and the customer service is of poor quality.
Feel free to try Tradestation if you prefer trading on US markets. We recommend it for buy and hold investors with some experience.
| Tradestation | |
|---|---|
| Summary | TradeStation is a US stockbroker regulated by FINRA, a top-tier US regulatory body. |
| Fees score | 4.0 |
| Recommended for | Traders focusing on US markets and buy-and-hold investing |
Tradestation alternatives
Interactive Brokers
Interactive Brokers was founded in 1978 and is one of the biggest US-based discount brokers. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).
As it has licenses from multiple top-tier regulators, the broker is considered safe. Also, having a long track record and publicly disclosed financials while being listed on a stock exchange are also great signs for its safety.
Recommended for traders looking for low fees and a professional trading environment
| Pros | Cons |
|---|---|
| • Wide range of products | • Extremely complex desktop trading platform |
| • Many great research tools | • Complicated account opening process |
| • Regulated by several authorities | • Funding and withdrawal only via bank transfer |
Fees
Interactive Brokers has low trading fees and for US clients, stock and ETF trading is free. On the negative side, there is a high inactivity fee for non-US clients.
| Pros | Cons |
|---|---|
| • Low trading fees | • Inactivity fee |
| • Low stock and ETF fees | |
| • Low financing rate | |
| • Free stock and ETF trading for US clients |
| Interactive Brokers | Tradestation | |
|---|---|---|
| Apple benchmark fee | $2.2 | $2.2 |
| Vodafone benchmark fee | $14.9 | - |
| EURUSD benchmark fee | $17.9 | - |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
IB's account opening process is fully digital and the required minimum deposit is low. On the negative side, the online registration is complicated and account verification takes around 2 business days.
| Pros | Cons |
|---|---|
| • Fully digital | • Not user-friendly |
| • No minimum deposit for most accounts types | • Confusing messages throughout the process |
| Interactive Brokers | Tradestation | |
|---|---|---|
| Minimum deposit | $0 | $500 |
| Time to open account | 1-3 days | 1 day |
If you are interested more in Interactive Brokers minimum deposit, this overview will help you.
Deposit and withdrawal
Interactive Brokers offers many account base currency options and one free withdrawal per month. The main drawbacks are that you can only use bank transfer and the process is not user-friendly.
| Pros | Cons |
|---|---|
| • No deposit fee | • Credit/Debit card not available |
| • Several account base currencies | • Not user-friendly |
| • First withdrawal each month free |
| Interactive Brokers | Tradestation | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $35 |
Web trading platform
Interactive Brokers's web platform is simple and easy to use even for beginners. On the negative side, it is not customizable.
| Pros | Cons |
|---|---|
| • User-friendly | • Limited customizability (for charts, workspace) |
| • Clear fee report | |
| • Two-step (safer) login |
| Interactive Brokers | Tradestation | |
|---|---|---|
| Web platform score | 4.0 | 5.0 |
| Mobile platform score | 4.0 | 5.0 |
| Desktop platform score | 3.0 | 3.0 |
Learn more about Interactive Brokers's web trading platform in the detailed Interactive Brokers review.
Markets and products
Through Interactive Brokers you can access an extremely wide range of markets, with every product type available.
| Interactive Brokers | Tradestation | |
|---|---|---|
| Stock | Yes | Yes |
| ETF | Yes | Yes |
| Forex | Yes | No |
| Fund | Yes | Yes |
| Bond | Yes | Yes |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| CFD | Yes | No |
| Crypto | Yes | No |
Verdict
Interactive Brokers is one of the biggest US-based discount brokers, regulated by several top-tier regulators globally. We recommend this broker for advanced traders.
On the plus side, IB has a vast range of markets and products available, with diverse research tools and low costs.
There are some drawbacks though: you can only fund your account via wire transfer and the account opening process is complicated. The desktop platform is complex and hard-to-understand, especially for beginners.
If you have experience navigating complex platforms and you like transparent low-cost trading, Interactive Brokers could be a great fit for you.
| Interactive Brokers | |
|---|---|
| Summary | Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC. |
| Fees score | 4.0 |
| Recommended for | Traders looking for low fees and a professional trading environment |
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Tradestation alternatives
Tastyworks
Tastyworks is a young, up-and-coming US broker focusing on options trading.
The people behind Tastyworks are the same experts who built thinkorswim, now operated by TD Ameritrade. Tastyworks is privately owned; it was established in 2017 and is headquartered in Chicago.
Recommended for options and futures traders focusing on us markets
| Pros | Cons |
|---|---|
| • Low trading fees | • Only US options, futures, and stocks |
| • Great educational materials | • Deposit and withdrawal options limited |
| • Good research tools | • No demo account |
Fees
Tastyworks has low trading fees and there is no inactivity fee. On the other hand, you have to pay a withdrawal fee.
| Pros | Cons |
|---|---|
| • Low trading fees | • Withdrawal fee for bank (wire) transfers |
| • Low stock and ETF fees | |
| • No inactivity fee |
| Tastyworks | Tradestation | |
|---|---|---|
| Apple benchmark fee | $0.2 | $2.2 |
| Vodafone benchmark fee | - | - |
| EURUSD benchmark fee | - | - |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
Tastyworks account opening is user-friendly, fast and fully digital. You can open your account without a required minimum deposit.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • No minimum deposit |
| Tastyworks | Tradestation | |
|---|---|---|
| Minimum deposit | $0 | $500 |
| Time to open account | 1 day | 1 day |
If you are interested more in Tastyworks minimum deposit, this overview will help you.
Deposit and withdrawal
Tastyworks' deposit and withdrawal functions could be better. Although there is no deposit fee and the process is user-friendly, you can use only bank transfer; and the fee for bank transfer withdrawals is high.
| Pros | Cons |
|---|---|
| • No deposit fee | • Credit/Debit card not available |
| • User-friendly | • High withdrawal fee |
| • Only one account base currency |
| Tastyworks | Tradestation | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $45 | $35 |
Web trading platform
The Tastyworks web platform is great for experienced traders, especially if you focus on options trading. However, it takes time to figure out how its functions work, and its customizability is limited.
| Pros | Cons |
|---|---|
| • Clear fee report | • No two-step (safer) login |
| • Price alerts | • Limited customizability (for charts, workspace) |
| • Order confirmation | • Not suited for beginners |
| Tastyworks | Tradestation | |
|---|---|---|
| Web platform score | 3.0 | 5.0 |
| Mobile platform score | 4.0 | 5.0 |
| Desktop platform score | 4.0 | 3.0 |
Learn more about Tastyworks's web trading platform in the detailed Tastyworks review.
Markets and products
At Tastyworks, you can trade US stocks, ETFs, options and some futures.
| Tastyworks | Tradestation | |
|---|---|---|
| Stock | Yes | Yes |
| ETF | Yes | Yes |
| Forex | No | No |
| Fund | No | Yes |
| Bond | No | Yes |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| CFD | No | No |
| Crypto | No | No |
Verdict
Tastyworks is an excellent broker for options trading, but it is a bit complicated if you want to trade stocks only.
Tastyworks is a US broker, therefore its investor protection scheme is excellent. Trading fees are low, with free stock and average options trading fees. Its trading platform is aimed at experienced options traders, and can be intimidating for beginners. However, its educational and research tools are great for learning. Deposit and withdrawal processes could be better, and a demo account would also be great for practice purposes.
As there is no minimum deposit, no inactivity fee or monthly fee, and the account opening process is seamless, you should feel free to try it.
| Tastyworks | |
|---|---|
| Summary | Tastyworks is a recently established US options and stockbroker. It is overseen by FINRA, a top-tier regulatory body. |
| Fees score | 5.0 |
| Recommended for | Options and futures traders focusing on US markets |
Tradestation alternatives
SogoTrade
SogoTrade is a US stockbroker, which was founded in 1986. The company is regulated by the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA).
Although it is not listed on any stock exchanges and does not have a banking background, SogoTrade is considered safe because it has a long track record and it is regulated by top-tier regulators. Clients are eligible for the SIPC investor protection scheme which offers up to $500,000 (cash up to $250,000) per account.
Recommended for stock and options traders with a us focus who value great customer service
| Pros | Cons |
|---|---|
| • Low stock and ETF fees | • High non-trading fees |
| • Wide range of research tools | • Limited product portfolio |
| • Relevant and fast customer service | • Not user-friendly desktop trading platform |
Fees
SogoTrade has low stock and ETF fees. The inactivity fee is also low, charged only after a year and if your account balance is under $100. On the other hand, the margin rates are high and the fees for wire withdrawals are high.
| Pros | Cons |
|---|---|
| • Low trading fees | • High financing/margin rates |
| • Low stock and ETF fees | • High fee for wire withdrawal |
| • Low inactivity fee |
| SogoTrade | Tradestation | |
|---|---|---|
| Apple benchmark fee | $9.9 | $2.2 |
| Vodafone benchmark fee | - | - |
| EURUSD benchmark fee | - | - |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
Opening an account at SogoTrade is fast and fully digital for both US and international citizens, but it sorely lacks user-friendliness.
| Pros | Cons |
|---|---|
| • Fast | • Not user-friendly |
| • Fully digital | |
| • No minimum deposit |
| SogoTrade | Tradestation | |
|---|---|---|
| Minimum deposit | $0 | $500 |
| Time to open account | 1 day | 1 day |
If you are interested more in SogoTrade minimum deposit, this overview will help you.
Deposit and withdrawal
You can transfer money only by bank transfer and non-US clients are charged $50, while US clients are charged $25 for wire withdrawals. As a plus, the deposit and the ACH withdrawals are free.
| Pros | Cons |
|---|---|
| • No deposit fee | • Only one account base currency |
| • Free ACH withdrawal | • Slow withdrawal - over 3 days |
| • High fee for wire withdrawal |
| SogoTrade | Tradestation | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $50 | $35 |
Web trading platform
SogoTrade's web trading platform is user-friendly, has a good search function, and offers a variety of order types. However, it's not customizable, it doesn't look particularly nice, and doesn't have two-step authentication.
| Pros | Cons |
|---|---|
| • User-friendly | • No clear fee report available |
| • Good search function | • No two-step (safer) login |
| • Good variety of order types | • Limited customizability (for charts, workspace) |
| SogoTrade | Tradestation | |
|---|---|---|
| Web platform score | 3.0 | 5.0 |
| Mobile platform score | 5.0 | 5.0 |
| Desktop platform score | 1.0 | 3.0 |
Learn more about SogoTrade's web trading platform in the detailed SogoTrade review.
Markets and products
At SogoTrade, you can trade with US stocks, ETFs, options, and cryptos. However, the offered assets cover only the US market and popular asset classes, such as bonds or mutual funds, are not provided.
| SogoTrade | Tradestation | |
|---|---|---|
| Stock | Yes | Yes |
| ETF | Yes | Yes |
| Forex | No | No |
| Fund | No | Yes |
| Bond | No | Yes |
| Options | Yes | Yes |
| Futures | No | Yes |
| CFD | No | No |
| Crypto | Yes | No |
Verdict
SogoTrade is a great broker for US stock and options trading.
The stock and ETF fees are low. You can use a wide range of research tools, including a wide range of analytical tools. Lastly, it also has great customer support which gives fast and relevant answers.
On the negative side, SogoTrade charges $50 per year inactivity fee and high wire withdrawal fees, $50 for non-US clients and $25 for US clients. The product offer is limited, you can trade only with stock, ETF, and options. The desktop trading platform can be improved as it is not user-friendly-structured and misses essential tools, like price alerts.
As the account opening is seamless, and the trading fees are low, feel free to try it.
| SogoTrade | |
|---|---|
| Summary | SogoTrade is a US-based stockbroker, regulated by top-tier US authorities the SEC and FINRA. It is not listed on a stock exchange and does not have a banking backgorund. |
| Fees score | 4.0 |
| Recommended for | Stock and options traders with a US focus who value great customer service |
Tradestation alternatives
ChoiceTrade
ChoiceTrade is a US-based stockbroker founded in 2000. It is regulated by the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA). It is also a member of SIPC. SIPC membership means that clients are eligible for the SIPC investor protection scheme which offers up to $500,000 (cash up to $250,000) per account.
ChoiceTrade is considered safe because it has a long track record, it is regulated by top-tier regulators, and it discloses annual financial statements.
Recommended for stock and options traders looking for low trading fees and focusing on the us market
| Pros | Cons |
|---|---|
| • Commission-free stock and ETF trading | • High non-trading fees |
| • Fast and easy account opening | • Not user-friendly withdrawal |
| • User-friendly mobile trading platform | • Limited product portfolio |
Fees
ChoiceTrade has low trading fees and you can trade stocks and ETFs with no commission. On the flip side, the non-trading fees are high.
| Pros | Cons |
|---|---|
| • Low trading fees | • High non-trading fees |
| • Low stock and ETF fees | • Withdrawal fee |
| • Commission-free stock trading | • Inactivity fee |
| ChoiceTrade | Tradestation | |
|---|---|---|
| Apple benchmark fee | $0.2 | $2.2 |
| Vodafone benchmark fee | - | - |
| EURUSD benchmark fee | - | - |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
Opening an account at ChoiceTrade is easy, fast and fully digital for both US and international clients.
| Pros | Cons |
|---|---|
| • Fully digital | None |
| • Low minimum deposit | |
| • User-friendly |
| ChoiceTrade | Tradestation | |
|---|---|---|
| Minimum deposit | $100 | $500 |
| Time to open account | 1-3 days | 1 day |
If you are interested more in ChoiceTrade minimum deposit, this overview will help you.
Deposit and withdrawal
ChoiceTrade deposit is ok, but withdrawal is very inconvenient. The credit/debit cards are not accepted, there is a high withdrawal fee and the withdrawal process is not user-friendly.
| Pros | Cons |
|---|---|
| • No deposit fee | • Credit/Debit card not available |
| • Withdrawal is way overcomplicated |
| ChoiceTrade | Tradestation | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $5 | $35 |
Web trading platform
ChoiceTrade web trading platform offers a clear fee report and a great variety of order types. On the other hand, the design is outdated, there is no two-step login, and the search functions are poor.
| Pros | Cons |
|---|---|
| • Clear fee report | • No two-step (safer) login |
| • Good variety of order types | • Poor search function |
| • Order confirmation | • Design is very outdated |
| ChoiceTrade | Tradestation | |
|---|---|---|
| Web platform score | 2.0 | 5.0 |
| Mobile platform score | 4.0 | 5.0 |
| Desktop platform score | 3.0 | 3.0 |
Learn more about ChoiceTrade's web trading platform in the detailed ChoiceTrade review.
Markets and products
At ChoiceTrade you can trade only with stocks, ETFs, and options available on US exchanges.
| ChoiceTrade | Tradestation | |
|---|---|---|
| Stock | Yes | Yes |
| ETF | Yes | Yes |
| Forex | No | No |
| Fund | No | Yes |
| Bond | No | Yes |
| Options | Yes | Yes |
| Futures | No | Yes |
| CFD | No | No |
| Crypto | No | No |
Verdict
ChoiceTrade offers commission-free stock trading. The account opening is easy, fully digital, and takes 1-2 days. It also offers a great and user-friendly mobile trading platform.
On the negative side, ChoiceTrade charges a high inactivity fee and withdrawal fee for bank transfers. The withdrawal is not user-friendly and you can use only bank transfer. The product offer is limited, you can trade only with stocks, ETF, and options.
As ChoiceTrade account opening is seamless and you can trade stocks and ETFs with zero commission, feel free to try it.
| ChoiceTrade | |
|---|---|
| Summary | ChoiceTrade is a US stockbroker, regulated by top-tier US authorities the SEC and FINRA. It is not listed on a stock exchange and does not have a banking backgorund. |
| Fees score | 4.0 |
| Recommended for | Stock and options traders looking for low trading fees and focusing on the US market |
Tradestation alternatives
Bottom line
Based on our analysis, there are several good alternatives to Tradestation. They all offer similar products and target similar customers. Here's a recap of the results in a table.
| Broker | Info | Recommended for |
|---|---|---|
| Tradestation | US stockbroker | Traders focusing on US markets and buy-and-hold investing |
| Interactive Brokers | US discount broker | Traders looking for low fees and a professional trading environment |
| Tastyworks | US options and stockbroker | Options and futures traders focusing on US markets |
| SogoTrade | US-based stockbroker | Stock and options traders with a US focus who value great customer service |
| ChoiceTrade | US-based stockbroker | Stock and options traders looking for low trading fees and focusing on the US market |
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