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Compare ChoiceTrade vs Tradestation


Online brokers compared for fees, trading platforms, safety and more. See how ChoiceTrade stacks up against Tradestation!

ChoiceTrade vs Tradestation
overall rating
4.1 / 5.0
4.4 / 5.0
overall pros
  • Commission-free stock trading
  • Fast and easy account opening
  • User-friendly mobile trading platform
  • Great mobile trading platform
  • Wide range of reserach tools
  • High-quality educational tools
overall cons
  • High non-trading fees
  • Not user-friendly deposit and withdrawal
  • Limited product portfolio
  • Not user-friendly deposit and withdrawal
  • No forex
  • Bad customer service
fees
4 stars
  • Low trading fees
  • Commission-free stock trading
  • High non-trading fees
4 stars
  • Low trading fees
  • More fee structures you can choose from
  • High non-trading fees
account opening
5 stars
  • Fully digital
  • User-friendly
4 stars
  • Fully digital
  • User-friendly
  • Slow
deposit and withdrawal
1 stars
  • No deposit fee
  • Credit/Debit card not available
  • High withdrawal fee
  • Only one account base currency
  • Not user-friendly withdrawal
2 stars
  • No deposit fee
  • Credit/Debit card not available
  • Not user-friendly
  • High withdrawal fee (for non-US clients $35 /tansaction)
web trading platform
2 stars
  • Clear fee report
  • Good variety of order types
  • Not user-friendly
  • No two-step (safer) login
  • Poor search function
4 stars
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No clear fee report available
  • No price alerts
mobile trading platform
4 stars
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
  • No price alerts
5 stars
  • User-friendly
  • Good variety of order types
  • Price alerts
desktop trading platform
3 stars
  • Clear fee report
  • Good variety of order types
  • Modern design
  • Limited customizability (for charts, workspace)
  • No two-step (safer) login
  • No price alerts
3 stars
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • No clear fee report available
markets and products
1 stars
  • Stock
  • ETF
  • Options
2 stars
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Futures
research
3 stars
  • Trading ideas
  • Data on asset fundamentals
  • Quality news flow
  • Limited interactive charting
  • Not user-friendly
4 stars
  • Data on asset fundamentals
  • Quality news flow
  • Good set of analytical tools
  • Not user-friendly
customer service
4 stars
  • Phone support
  • Relevant answers
  • No live chat
3 stars
  • Live chat
  • Relevant and fast telephone support
  • Practically no email support
  • No 24/7
education
3 stars
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Hard to navigate
  • Poor production quality
5 stars
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Good production quality
  • Regulated by top tier financial authority
  • High level of investor protection
  • Financial information is publicly available
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Regulated by top tier financial authority
  • High level of investor protection
  • Parent company listed on stock exchange
  • No negative balance protection
recommended for Stock and options traders aiming for low trading fees and focusing on the US market Traders wanting great research tools and preferring the US markets