Compare Robinhood vs Tradestation


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

Robinhood vs Tradestation
overall rating
4.6
4.7
overall pros
  • Free US stock and ETF trading
  • Great mobile and web trading platforms
  • Fast and fully digital account opening
  • Great web and mobile trading platform
  • Low stock and ETF fees
  • High-quality educational tools
overall cons
  • Limited product range
  • Weak customer support
  • Few educational materials
  • Not user-friendly deposit and withdrawal
  • No forex trading
  • Poor customer service
fees
5.0
  • Low trading fees
  • Low non-trading fees
  • Commission-free US stock trading
4.0
  • Low trading fees
  • Low stock and ETF fees
  • Multiple fee structures to choose from
  • High non-trading fees
  • Withdrawal fee
account opening
5.0
  • Fast
  • Fully digital
  • No minimum deposit
  • Available only for US and Australian clients
5.0
  • Fast
  • Fully digital
  • User-friendly
  • $500 minimum deposit
  • Multiple base currencies only for futures accounts
deposit and withdrawal
2.0
  • Free withdrawal
  • No deposit fee
  • Instant deposit up to $1,000 per week
  • Credit/Debit card not available
  • Depositing larger amounts takes longer
  • Wire withdrawal is pricey
2.0
  • No deposit fee
  • Several account base currencies
  • Credit/Debit card not available
  • High withdrawal fee
  • Slow withdrawal - over 3 days
web trading platform
5.0
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
5.0
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • No price alerts
mobile trading platform
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
5.0
  • User-friendly
  • Two-step (safer) login
  • Good variety of order types
  • Limited search functions
desktop trading platform
3.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • Poor search function
  • Poor design
markets and products
2.0
  • Stock
  • ETF
  • Options
  • Crypto
2.0
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Futures
research
4.0
  • Trading ideas
  • Data on asset fundamentals
  • Quality news flow
  • Limited interactive charting
  • No/limited set of analytic tools
4.0
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Many add-on research tools are not free
customer service
1.0
  • Relevant answers
  • No phone support
  • No live chat
  • No 24/7 support
2.0
  • Phone support
  • Fast response time
  • No 24/7 support
  • Live chat doesn't work
education
2.0
  • Quality educational texts
  • No demo account
  • No trading platform tutorial videos
  • No educational videos
5.0
  • 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 Beginners and buy-and-hold investors focusing on the US stock market Traders focusing on US markets and buy-and-hold investing
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