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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
4.7 / 5.0
overall pros
  • Commission-free stock and ETF trading
  • Fast and easy account opening
  • User-friendly mobile trading platform
  • Great web and mobile trading platform
  • Low stock and ETF fees
  • High-quality educational tools
overall cons
  • High non-trading fees
  • Not user-friendly withdrawal
  • Limited product portfolio
  • Not user-friendly deposit and withdrawal
  • No forex trading
  • Poor customer service
fees
4 stars
  • Low trading fees
  • Low stock and ETF fees
  • Commission-free stock trading
  • High non-trading fees
  • Withdrawal fee
  • Inactivity fee
4 stars
  • Low trading fees
  • Low stock and ETF fees
  • Multiple fee structures to choose from
  • High non-trading fees
  • Withdrawal fee
account opening
5 stars
  • Fully digital
  • Low minimum deposit
  • User-friendly
5 stars
  • Fast
  • Fully digital
  • User-friendly
  • $500 minimum deposit
  • Multiple base currencies only for futures accounts
deposit and withdrawal
1 stars
  • No deposit fee
  • Credit/Debit card not available
  • Withdrawal is way overcomplicated
2 stars
  • No deposit fee
  • Several account base currencies
  • Credit/Debit card not available
  • High withdrawal fee
  • Slow withdrawal - over 3 days
web trading platform
2 stars
  • Clear fee report
  • Good variety of order types
  • Order confirmation
  • No two-step (safer) login
  • Poor search function
  • Design is very outdated
5 stars
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • 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
  • No Touch/Face ID login
5 stars
  • User-friendly
  • Two-step (safer) login
  • Good variety of order types
  • Limited search functions
desktop trading platform
3 stars
  • Clear fee report
  • Good variety of order types
  • Good search function
  • Limited customizability (for charts, workspace)
  • No two-step (safer) login
  • No price alerts
3 stars
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • Poor search function
  • Poor design
markets and products
2 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
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Many add-on research tools are not free
customer service
4 stars
  • Phone support
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 support
2 stars
  • Phone support
  • Fast response time
  • No 24/7 support
  • Live chat doesn't work
education
3 stars
  • Demo account
  • Trading platform tutorial
  • Hard to navigate
  • Poor production quality
  • Not updated for a long time
5 stars
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Majority of clients belong to a 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
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Parent company listed on stock exchange
  • No negative balance protection
  • Does not hold a banking license
recommended for Stock and options traders looking for low trading fees and focusing on the US market Traders focusing on US markets and buy-and-hold investing
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